Drug Induced Cardiotoxicity Market 2022
Advances in Medical equipment has enhanced in various segments of patient care, and simultaneously, management of diseases have also enhanced. According to the National Cancer Institute, Drug induced cardiotoxicity can be framed as the ‘toxicity that affects the heart’. This toxic effect includes a direct effect of a drug on the heart as well as an indirect effect because of modifications of hemodynamic flow variations or because of thrombotic actions.
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An increase in prevalence of Drug induced cardiotoxicity has been observed as a result of the global development in cancer treatment, which is leading to improved survival. Various therapies are being broadening the Drug induced cardiotoxicity range of the antineoplastic drugs. According to the regulations given by FDA and EMEA, all of the phase-I clinical trials are required to go through continues cardiac monitoring plan.
Global Drug induced Cardiotoxicity market is predicted to show considerable growth in the forecast period due to the technological improvement with development of advanced equipments to enhance the lifestyle. The major focus is on the advancement in devices and technology by the manufacturer which will boost the Drug induced Cardiotoxicity market in the near future.
Increase in the investment towards reimbursement and government funding for the development of new devices will lead to the Drug induced Cardiotoxicity market growth.Another factor that will drive the market is the adoption of cost effective procedures. The major benefit of Drug induced Cardiotoxicity against the traditional method will propel the Drug induced Cardiotoxicity market in near future.
Also, developments in the drug induced cardiotoxicity market are affected by the practice of targeted anticancer agents. There is an increase in the numbers of patients recovering from cancer in numerous worldwide which has led to increase in research activities in oncology, which will lead to reduction in cardiovascular diseases. Therefore, increasing research activities in cancer due to drug induced cardiotoxicity market growth is beneficial to most of the oncologists in the world.
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The major rising disease today is cancer which is increasing need for cancer drugs. The main reasons that lead to the growth of these drugs is increase in oncology research and increase in old-age population around the world. However, cancer treatment drugs have been frequently related with cardiotoxicity that ultimately causes myocardial dysfunction and sometimes heart failure. This leads to increase in drug induced cardiotoxicity market. Stringent regulatory requirements for drug approval is expected to hinder global drug induced cardiotoxicity market growth.
Less diagnosis rate and treatment adoption due to poor economic conditions in regions like the Middle East & Africa challenges the growth of global drug induced cardiotoxicity market growth. Lack of proper information and knowledge about the drug induced cardiotoxicity is one of the restraining factor for the market.
Another factor that will drive the market is the adoption of cost effective procedures. The major benefit of Drug induced Cardiotoxicity against the traditional method will propel the Drug induced Cardiotoxicity market in near future. Moreover, the clinical trial that is conducted in the US is expected to hamper the growth of drug induced cardiotoxicity market.
Market Segmentation:
By Indication:
- Left ventricle dysfunction
- Anthracyclines
- Trastuzumab
- Lapatinib
- ABL inhibitors
- Bortezomib
- Rhythm disturbances
- Ischaemia
- Fluoropyrimidines
- Taxanes
- Bevacizumab
- Sorafenib
By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Some of the key market participants are :
- Cook Medical Incorporated
- Becton Dickson Company
- Cardinal Health Inc.
- R. Bard
- LivaNova PLC. Some other
Key players:
- Jude Medical
- Terumo Cardiovascular Systems Corporation
- Biotronik
- Medtronic
- Boston Scientific Corporation
- Johnson & Johnson.
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