Anti-Neprilysin Drug Market Overview:
Anti-Neprilysin Drug Market is projected to achieve a value of USD 1,263 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 2,183 Million by 2033 with a CAGR of 4.9% during the forecast period 2023-2033.
Acute cardiac failure is the term for a sudden onset of heart failure that is frequently treated with anti-neprilysin medications. The inability of the heart to effectively pump blood throughout the body is a characteristic of chronic progressive heart failure, on the other hand. One common anti-neprilysin drug is Sacubitril/valsartan, which is sold under the Entrest brand. This drug combines sacubitril, which inhibits neprilysin, with valsartan, which blocks angiotensin receptors.
The growing incidence of ailments including Alzheimer’s disease, cancer pain, acute heart failure, and hypertension, among others, will propel the market upward during the projected time. Anti-neprilysin medication sales will also be influenced by growing heart disease rates, more government support for public awareness campaigns, and large expenditures on research and development.
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Market Opportunities:
Anti-neprilysin drugs have a significant market potential, mainly due to the increasing global incidence of heart failure. Heart failure affects around 26 million people worldwide, thus there is an urgent need for therapeutic approaches that are helpful in reducing symptoms, enhancing quality of life, and reducing the significant healthcare expenditures linked to this condition.
As of right now, entering is the only neprilysin inhibitor approved for use in the management of chronic heart failure. Neprilysin inhibitors, however, are also being tested in clinical studies to see if they may be used to treat cardiac disorders other than chronic heart failure or in conjunction with other cardiac drugs. Their unique mode of action, which sets them apart from other heart failure drugs, is what is driving this increase of their applicability.
Market Dynamics:
Many factors are driving the growth of the anti-nemprilysin drug industry, such as an increase in the prevalence of acute heart failure, greater government funding, and heightened national and international surveillance. Furthermore, the market’s growth has been fueled by large expenditures made by major companies in the worldwide sector as well as an increase in government funding. For example, heart failure affects roughly 64 million people worldwide each year, according to data released in September 2020 by PubMed, a free search engine for biological databases and medical publications. Over the world, addressing the social and economic aspects of this disorder has become a major public health concern.
Additionally, the regulatory agencies’ increased acceptance of the product is driving the market for anti-neprilysin drugs to grow. For example, in February 2015, the pharmaceutical manufacturer Novartis International AG reported that LCZ696, an experimental medication for the treatment of heart failure with reduced ejection fraction (HFrEF), has received priority evaluation from the U.S. Food and Drug Administration (FDA).
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Top Key Market Players in the Anti-Neprilysin Drug Market:
- Novartis AG
- BIOPROJET
- Pharmaleads SA
- Cipla Inc
- Oceanic Pharmachem Pvt. Ltd
- Theravance Biopharm
Market Regional Analysis:
North America dominate the Anti-Neprilysin drug Market with the highest revenue generating market with share of more than 41%. The North America dominate this market due to the increasing technological advancements, increasing research and development in the region.
Europe having the second-largest market share in Market due to well establishes healthcare centers, increase in product developments by various organization significantly contribute to expand the market.
Asia-Pacific is estimated the fastest growing CAGR in Anti-Neprilysin drug Market in forecasted period. This is due to increasing government initiatives and policies, the increasing population rise in India and China upsurge the chronic patients leading to increase the sale in market.
Market Segmentation:
By Drug Type:
- Sacubitril
- TD-0714
- STR-324
- PL-265
- LHW-090
- Others
By Indication:
- Acute Heart Failure
- Cancer Pain
- Hypertension
- Alzheimer’s Disease
- Others
By Distribution Channel:
- Hospitals Pharmacies
- Retail Pharmacies
- Online Pharmacies
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