Cardiometabolic Drugs Market size is expected to surpass USD 72 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period i.e., 2023-2035. In the year 2022, the industry size of cardiometabolic drugs was over USD 50 Billion.The major factor for market growth is the growing chronic diseases among the population owing to the adoption of unhealthy lifestyles, reduced physical activity, and increased consumption of packaged along with junk food. As cardiometabolic drugs are efficient in treating such diseases, their high prevalence is expected to drive market growth. As per the data released by the Centers for Disease Control and Prevention (CDC), six out of ten Americans are diagnosed with at least one chronic disease such as heart disease and stroke, cancer, and diabetes.
The growth of the market can be attributed to factors, such as growing awareness toward the development of novel drugs to minimize the side effects, and escalating demand for drugs to treat cardiometabolic diseases. Some of the cardiometabolic diseases are non-alcoholic liver diseases, heart stroke or attack, insulin resistance, diabetes, and others. In addition, the prevalence of a large pool of a large number of patients owing to the changing lifestyle coupled with the escalation in the usage rate of biomarkers for diagnostic and risk assessment procedures is estimated to propel market growth in the upcoming years. Moreover, the rising focus on developing novel and advanced medicine to treat diseases with reduced side effects is considered to be another factor for the expansion of market size. One of the other factors that are expected to create a positive outlook for revenue generation is the increased fast-paced lifestyles, constant change in eating habits, and escalation in stress levels which is fostering the burden of lifestyles diseases such as diabetes, obesity, hypertension, and others which in turn is generating the need for cardiometabolic drugs during the analysis period.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~ USD 50 Billion |
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Forecast Year Market Size (2035) |
~ USD 72 Billion |
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Regional Scope |
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Disease Type (Congestive Heart Failure, Hypertension, Diabetes, Obesity)
The global cardiometabolic drugs market is segmented and analyzed for demand and supply by disease type into congestive heart failure, hypertension, diabetes, obesity, and others. Out of these, the diabetes segment is attributed to holding the largest share of the market during the forecast period. The major factor attributed to segment growth is the rising cases of dibetes among the people and increased diabetic inborn occurrences owing to the rising consumption of junk and adoption of an unhealthy lifestyle. Data released by International Diabetes Federation (IDF) in 2021 showed that about 537 million people aged between 20 to 79 have diabetes which is estimated to reach 783 million over the forecast period. Furthermore, instances of stress and hypertension as a result of engagement in a face-paced lifestyle are also propelling the growth of diabetes among the population which ultimately generates demand for cardiometabolic drugs for the treatment process. Also, as cardiometabolic drugs are highly effective for diabetic patients for diverse applications, such as insulin resistance, the growing diabetic population is projected to propel segment expansion and create remunerative opportunities in the global market.
Distribution Channel (Hospitals, Clinics, Retail Pharmacies, Online)
The global cardiometabolic drugs market is also segmented and analyzed for demand and supply by distribution channel into hospitals, clinics, retail pharmacies, online, and others. Out of these five segments, the hospital segment is projected to hold the most significant share of the global market with a notable CAGR over the forecast period. Patients who are diagnosed with cardiovascular disorders and chronic diseases often visit hospitals for treatment, and it’s easier and more convenient for them to purchase the prescribed cardiometabolic drugs for treatment processes. Also, the increased inflow and outflow of patients in the hospitals is another factor for increased sales of cardiometabolic drugs through hospital settings. On the other hand, the online segment is also estimated to garner a noteworthy segment share by the end of the assessment period owing to the escalation of the number of online pharmacies selling cardiometabolic drugs amongst the population worldwide. Furthermore, the purchase of cardiometabolic drugs is very much convenient as one doesn’t have to physically visit a hospital, clinic, or pharmacy for the purchase. In addition to that, another growth factor for the expansion of segment size is the huge offers and rewards offered by various online pharmaceutical businesses to lure customers.
Our in-depth analysis of the global market includes the following segments:
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By Drug Type |
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By Disease Type |
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By Distribution Channel |
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North American Market Forecast
The North American cardiometabolic drugs market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035 on the back of the presence of multiple key players in the market in the region and a higher prevalence of cardiovascular diseases and usage of cardiovascular devices. Centers for Disease Control and Prevention released data which revealed that in 2019, about 360,900 people died due to coronary heart disease, meanwhile, 1 person loses his life every 36 seconds due to heart disease in the United States. Furthermore, the North American region is projected to be the second-highest number of diabetes patients which in turn is projected to increase the sales of cardiometabolic drugs in the forecast period. According to the report from the National Institute of Diabetes and Digestive and Kidney Diseases, in 2020, 10.5% of the U.S. population had diabetes while an additional 8.2% of people were diagnosed with diabetes.
APAC Market Statistics
Furthermore, the global cardiometabolic drugs market is also projected to grow at a significant pace in the Asia-Pacific region during the forecast period. The growth of the market in the region can be attributed to similar factors, such as rising cases of cardiovascular diseases and a growing geriatric population with various types of diseases and disorders. Also, the rapid growth of the healthcare industry and rising investment in enhancing the healthcare system are other factors that are anticipated to create a positive outlook for generating significant revenue in the forecast period.
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Author Credits: Radhika Gupta, Shivam Bhutani
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