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The genetic cardiomyopathies market size was valued at USD 1.93 billion in 2023, driven by the rising emphasis on preventing cardiac failures. The market is expected to grow at a CAGR of 13.3% during the forecast period of 2024-2032, with the values likely to rise from USD 2.18 billion in 2024 to USD 5.93 billion by 2032.
Genetic cardiomyopathy or familial hypertrophic cardiomyopathy is a heart condition that thickening of the cardiac muscle. In this case, the cardiac thickening usually occurs in the muscular wall (interventricular septum) that separates the left ventricle (lower chamber of heart) from right ventricle. Genetic cardiomyopathy may impede the flow of oxygen rich blood from the heart. This in turn, may lead to an abnormal heartbeat (arrhythmias) in the patients.
Common symptoms include chest pain, shortness of bread, palpitations, dizziness, or fainting. However, the symptoms differ from person to person, even within the same family. People suffering from genetic cardiomyopathy are at a sudden risk of death, despite having no symptoms.
Genetic cardiomyopathy is a commonly inherited cardiac illness, affecting approximately 2-5 in a 1000 people. Non-pharmacological treatments like septal myectomy and alcohol septal ablation are frequently used to improve long-term quality of life in patients suffering from genetic cardiomyopathy. Over the years, significant advancements in the non-invasive and pharmacological treatment have been observed.
In 2023, the FDA approved a drug called Mavacamtem, popularly known as Camzyos, as a novel alternative for treating genetic cardiomyopathy. This new class drug, a myosin inhibitor, works by cutting down myosin levels which are present in abundance in the patients.
The genetic cardiomyopathies market value is expected to see a significant hike in the forecast period, with the rising emphasis on using novel techniques to fight the ailment. New study set-ups like induced pluripotent stem cells, three dimensional printing of cells, use of scaffolds and engineered heart tissue, are now being looked upon as a treatment alternative. Moreover, extensive knowledge on mutated proteins, protein quality control, and toxicity has opened new avenue of contemporary techniques like gene editing and repair using CRISPR Cas9, customised drugs and antisense therapies to develop an efficient and accurate treatment for the disease.
With a rising preference for precision medicine, researchers are now combining machine learning guided ECG and imaging analyses to facilitate new targeted drugs. Hence, we can a anticipate a substantial genetic cardiomyopathies market growth in the forecast period.
Market Breakup by Disease Type
Market Breakup by Drug Type
Market Breakup by Route of Administration
Market Breakup by End User
Market Breakup by Region-7MM
Genetic cardiomyopathy is a major cause of heart failure. With the rise in population, obesity, geriatric population, the North American region has been susceptible to number of heart failures, as a result, it has dominated the genetic cardiomyopathies market share in the historic period. Effective measures have been taken the government to mitigate the number of morbidities, which have been successful to an extent. Moreover, the presence of prominent healthcare market players has made a huge impact with regular research and conducting clinical trials to bring the best possible treatment for the patients.
In some cases, genetic cardiomyopathy may also lead to heart transplantation. Therefore, the Asian-pacific region can expect a hike in the forecast period, owing to its increasing popularity as medical tourism space. In addition, presence of an aging population is also fuelling investments and government initiatives to develop a quality infrastructure that can drive a prominent research and development in the contemporary treatment alternatives.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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Breakup by Region-7MM |
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Genetic Cardiomyopathies Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 1.93 billion in 2023 driven by the rising focus on reducing the number of heart failures associated with genetic cardiomyopathies.
The market is anticipated to grow at a CAGR of 13.3% during the forecast period of 2024-2032, likely to reach a market value of USD 5.93 billion by 2032.
With the arrival of new medicines and techniques to treat genetic cardiomyopathies, the market has seen a substantial growth.
Recently, the FDA approved Mavacamtem, a new drug to treat genetic cardiomyopathy. Moreover, the integration of machine learning in diagnostics to develop precision medicine in the patients are the current market trends.
The major regions of the market include Japan, United States, EU-4 and the United Kingdom.
Major drug types used include anticoagulants, anti-hypertensives, antiarrhytensives, cardiac glycosides and others.
Dilated cardiomyopathy, hypertonic cardiomyopathy, restrictive cardiomyopathy, and others may affect patients.
Different routes of administration for the treatment market include oral and tropical.
The end users in the market include hospitals, clinics, and ambulatory services centres.
Key players involved in the market are Novartis International AG, Merck & Co., Teva Pharmaceuticals, Mylan N.V, Bristo Myers Squibb Company, Boston Scientific Corporation, Sanofi S.A., Becton, Dickinson and Company, Critical Care Diagnostics Inc., and Labcorp.
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