Congestive Heart Failure: Worldwide Drug and Medical Device Markets

Kalorama Information
March 1, 2002
334 Pages - SKU: KLI729795
License type:
Countries covered: Global

Congestive Heart Failure: Worldwide Drug and Medical Device Markets

 
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Approximately 23 million people worldwide are afflicted with congestive heart failure (CHF), and 2 million new cases of CHF are diagnosed each year worldwide. In contrast to other cardiovascular disorders that have actually declined during the past few decades, the incidence of heart failure is on the rise. It is, in fact, the most rapidly growing cardiovascular disorder in the United States.

There is no cure for CHF short of a heart transplant. Although advances in pharmacology have led to better treatment, 50% of the patients with the most advanced stage of heart failure die within a year. Typically, heart failure patients receive several chronic oral therapies, including diuretics, ACE inhibitors, beta-blockers and inotropic agents. However, a new class of CHF drugs created by biotechnology companies will soon be on the market. These new drugs will lead the way to a revolution in the treatment of CHF and could spark a biotechnology boom similar to the AIDS breakthroughs of 1996 and 1997.

A majority of patients are treated with drug therapy, but for patients with advanced CHF, device-based therapy or transplantation are their only alternatives. A large number of patients with advanced CHF have received left ventricular assist devices, and a number of promising technologies, including biventricular pacing and defibrillators, ventricular remodeling, and ventricular assist devices represent exciting, growing markets.

Kalorama’s Congestive Heart Failure: Worldwide Drug and Medical Device Markets thoroughly reviews the current state of the markets in this expanding field, including developments in drug therapy and technological advances in the device markets.




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Additional Information

Scope and Methodology

This report focuses on the market applications of current and advanced technology to the development of pharmaceutical and device therapeutics used in the treatment of congestive heart failure and its major complications. It considers the options that they present, the progress that is being made in these fields, and the reception these new products are likely to experience in the marketplace. The major market effects of new and advanced therapeutics are expected to be seen within two to three years. The technology trends selected in conjunction with the growing interest in congestive heart failure, tachycardia, atrial and ventricular fibrillation, and cardiac hypertrophy and their treatment present the most informative picture of advances in therapeutics for congestive heart failure and its complications, and the markets that result.

This report covers both pharmaceuticals and medical devices, in a broad sense. It does not go into the detail of the dynamics of these various products in the marketplace, either branded (proprietary) or generic in the case of drugs. The ability to do so is limited by several factors, and is especially limited where drugs for the treatment of congestive heart failure are concerned. For example, antihypertensive drugs and vasodilators used in the treatment of congestive heart failure also have broad use in patients with a wide range of other cardiovascular disorders. In some cases, they may also have multiple on- and off-label applications for which it is not possible to discriminate among in the marketplace. Moreover, there is mixture of branded and generic products used in the treatment of congestive heart failure and its complications.

This report does discuss, however, the impacts that advanced technologies and applications will have on existing therapeutics markets in the whole. In general, it is the current products and technologies used in the marketplace, leaving significant unmet need, that have placed today’s market in a position that is vulnerable to new technologies and products.

Market analysis for this report considers the congestive heart failure therapeutics markets, drugs and devices, in the seven major world healthcare markets—the United States, France, Germany, Italy, Japan, Spain, and the United Kingdom. This report does not consider the “downstream” effects of congestive heart failure complications and the needs for certain types of therapeutic equipment and drugs. For example, renal and hepatic insufficiencies are downstream events of congestive heart failure over time. While this report discusses the treatment and prevention of atrial fibrillation, cardiac hypertrophy, etc., it does not follow on to products used in the treatment of these or any other sequellae of congestive heart failure complications. Some mention is made of the need for therapeutic products in this and other areas, but they are not covered in depth.

The focus of the report is on pharmaceutical and device technologies with the potential to become first-line therapeutic modalities specifically for congestive heart failure and its major direct, long-term complications. This report does not cover surgical procedures and such surgical products as tissue or mechanical heart valves, heart valve repair kits, etc.

The analysis presented in this report is based on data from a combination of company, government, industrial, institutional, and private sources. It includes information from extensive literature reviews, as well as interviews and discussions with experts in the field, including cardiologists, cardiovascular surgeons, thoracic surgeons, internists, pathologists, research scientists, and business development and marketing managers.

Press Release

Growth in Devices to Outpace Drugs in $14 Billion Congestive Heart Failure Market

New York, March 12, 2002 /PR Newswire — The market for medical devices designed to treat congestive heart failure (CHF) is growing at an explosive pace in all major healthcare markets, according to a new study released today by Kalorama Information and available at MarketResearch.com. The device sector is expanding at nearly three times the rate of the pharmaceutical sector, which is expanding at nearly 10% itself.

The new study, Congestive Heart Failure: Worldwide Pharmaceutical and Medical Device Markets, predicts that the increasing prevalence of this costly disease (estimated to be upwards of $38 billion in the United States alone) and the remarkable technological breakthroughs in device technology will only accelerate this trend for the next few years.

“With the expanded use of devices, such as left ventricular assist devices, the serviceable available market will increase significantly,” predicts Ken Krul, PhD. “This means more money to go around, and that attracts competition.”

Despite the less aggressive growth, though, pharmaceutical treatments will be, by far, the larger share of the CHF therapeutic market for the foreseeable future, according to the study. Furthermore, the pharmaceutical market will continue to be dominated by the major pharmaceutical firms already serving this application.

“The new drugs that come forward will be coming from Big Pharma and not from start-ups, like so many other disease areas,” asserts Krul. “In fact, there appears to be little interest in standard pharmaceuticals for CHF outside of Big Pharma.” According to the findings, this lack of interest is probably because most of the drugs used to treat CHF are also used for other cardiovascular indications and the large companies with market presence present difficult competition.

The study covers pharmaceuticals and medical devices for CHF in the seven major world healthcare markets: the United States, France, Germany, Italy, Japan, Spain, and the United Kingdom.

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