Global Critical Care Antiarrhythmic Drugs Market to Reach USD 1733.37 billion by 2032, Aided by the Regulatory Backing to Novel Drug Formulations

An increase in the prevalence of cardiovascular disorders in various parts of the world, along with an increase in the number of geriatric populations suffering from chronic diseases, are likely to enhance the antiarrhythmic drugs market over the forecast period. The COVID-19 pandemic has emphasised the need of maintaining heart health, as people with heart-related comorbidities are more likely to contract the coronavirus. As a result of the coronavirus, critical care anti-arrhythmogenic medications have become more widely used around the world. Rising FDA approvals of new antiarrhythmic drugs for treating atrial arrhythmias and a significant number of antiarrhythmic agents under development for several indications are projected to create new market opportunities.

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Clinical trials and the development of novel drugs are being heavily pursued by a number of government-funded organisations, academic institutions, and private businesses, which are contributing to the market's growth. For example, ANI Pharmaceuticals (NASDAQ: ANIP) launched Mexiletine Hydrochloride Capsules USP in June 2020, marking the company's sixth generic pharmaceutical launch of the year. The capsules are recommended for the treatment of life-threatening ventricular arrhythmias.

Market Analysis by Drug Class, End-Use, and Regions:

• Based on drug class, the market is divided into bovine, human, and recombinant, among others.

• On the basis of end-use, the market is divided into hospitals and diagnostics, among others.

• The regional markets for critical care antiarrhythmic drugs include North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

• Increasing research and development activities is estimated to boost the market growth.

• Increased disease awareness is further augmenting the growth of the market.

• The advanced health care infrastructure is further propelling the growth of the market.

• Government intervention in curbing the number of deaths is further aiding in market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global critical care antiarrhythmic drugs market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecasted (2024-2032) markets for drug class, end-use, and major regions of critical care antiarrhythmic drugs.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global critical care antiarrhythmic drugs industry are Pfizer, GlaxoSmithKline plc, Sanofi, Mylan N.V., Upsher-Smith Laboratories LLC, Novartis AG, and Mayne Pharma, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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