The global pulmonary edema therapeutics market size was valued at USD 150 million in 2021 and is projected to reach around USD 550 million in 2030 exhibiting a CAGR of 4.5% in the forecasted period. The rising incidence of heart failure, a major cause of pulmonary edema, an increasing geriatric population, and growing awareness about pulmonary edema are some of the key factors anticipated to drive the market. On the other hand, risks associated with heart treatments and side effects of the treatment are anticipated to hinder the growth of pulmonary edema therapeutics market growth.
The global market for pulmonary edoema therapies will develop as the prevalence of heart failure, a primary cause of pulmonary edoema, rises. According to the Centers for Disease Prevention and Control, around 6.2 million adults in the United States will have cardiovascular failure by 2020. Furthermore, pulmonary edoema is a condition caused by excess fluid in the lungs. Fluids accumulate in the different air sacs of the lungs, making breathing difficult. Furthermore, according to the National Heart, Lung, and Blood Institute Atherosclerotic Risk in Communities (ARIC) study and Cardiovascular Health Study (CHS), there are approximately 1,260,000 new and recurring coronary attacks per year, with approximately 37% of those who have a coronary attack in a given year dying from it. Furthermore, the use of intra-ventricular septum in the pumping function of the left ventricle, lung parenchyma leading to lung diseases, an increase in hypertensive crisis, pulmonary shunt, and the use of arterial blood gas to measure the quantity of arterial gases such as oxygen and carbon dioxide are driving its market growth.
The COVID-19 pandemic has had a moderate impact on the pulmonary edoema medicines market and healthcare systems. The main cause of COVID-19 mortality is abnormal alveolar fluid metabolism in the lungs, which causes fluid build-up in the alveolar airspace. The cause of this disorder, known as pulmonary edoema, is infection with the severe acute respiratory syndrome coronavirus. Understanding the mechanisms that may contribute to pulmonary edoema in persons with severe Coronavirus Disease (COVID-19) may aid in treatment.
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The market is divided into two types: cardiogenic pulmonary edoema and non-cardiogenic pulmonary edoema. Cardiogenic pulmonary edoema is expected to account for a significant portion of the market in 2021. This is typically due to the increasing prevalence of heart failure, which is one of the most common causes of cardiogenic pulmonary edoema and one of the leading causes of death among adults globally.
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North America is projected to grow at a substantial CAGR during the forecasted period. The high prevalence of risk factors and the increasing acceptance of medications to treat pulmonary edema are factors for the growth of the market in the region. Additionally, the region’s plenty of clinics and accessibility to scientifically advanced instruments are additionally driving the market’s expansion. Moreover, the Centers for Disease Control and Prevention estimate that heart disease accounts for 647,000 annual deaths in the US, or 1 in 4 deaths.
The market for Pulmonary edema therapeutics is moderately competitive. With the rising applications of Pulmonary edema therapeutics, new players are considering to enter the market. The companies are also involved in events like joint ventures, acquisitions, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the Pulmonary edema therapeutics market, ultimately boosting the market growth.
Some of the Recent Developments:
• In February 2022, AstraZeneca is sticking out with an animated fantasyland theme for its Breztri TV ad but uses a blast from the past to demonstrate a brighter future. The primary phase requests patients to “Get Real” about their chronic obstructive pulmonary disease (COPD) and flare-ups, highlighting that improved breathing doesn’t make everything “fun and nice.”
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Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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