Research Nester published a report titled “Cardiometabolic Drugs Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global cardiometabolic drug market in terms of market segmentation by drug type, disease, distribution channel, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global cardiometabolic drug market is projected to grow at a CAGR of ~5% by attaining a remarkable revenue during the forecast period, i.e., 2022 – 2031. Factors such as, rising manufacturing and development of novel drugs and higher prevalence of cardiometabolic diseases are anticipated to propel the growth of the market during the forecast period. International Diabetes Federation (IDF) released a set of data in 2021 showing that approximately 537 million people aged between 20-79 died due to diabetes.

Additionally, by distribution channel, the global cardiometabolic drug market is segmented into retail pharmacies, hospitals, online, and others. Out of these sub-segments, the retail pharmacies segment is estimated to obtain a notable share in the market during the forecast period. The growth of the segment can be accounted to by the availability of the requisite drugs and medicines in a single place. Furthermore, all sorts of over-the-counter medicines are easily available at retail pharmacies.

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Furthermore, the global cardiometabolic drug market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is estimated to grow at a noteworthy pace over the forecast period on the back of rising cases of cardiovascular diseases and the presence of several major key players in the region. Based on a report by the Centers for Disease Control and Prevention in 2019, it was stated that 1 individual dies every 36 seconds from heart disease.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Growing Manufacturing of Novel Drugs to Foster the Growth of the Market

In 2021, approximately 50 novel drugs were approved to be sold out by the Center for Drug Evaluation and Research (CDER).

Novel drugs are new compounds that can be referred to as new molecules, also known as NMEs. The active moieties contained in novel drugs were not approved by FDA previously. However, now the novel drugs fulfilling the unmet medical needs. Therefore, such factors are anticipated to propel the growth of the market.

However, the possibility of the significant side effects is expected to operate as a key restraint to the growth of the global cardiometabolic drugs market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global cardiometabolic drugs market which includes company profiling of GSK plc, Lupin Limited, Merck KGaA, Romark L.C., Pfizer Inc., Endo International plc, Bayer AG, Jazz Pharmaceuticals plc, Canopy Growth Corporation, and InMed Pharmaceuticals Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global cardiometabolic drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates, and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided the right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decisions in order to avoid future uncertainties.

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