Kenya Cardiovascular Drugs Market Growing Trade Among Emerging Economies Opening New Opportunities (2023-2028)

The Kenya Cardiovascular Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Kenya Cardiovascular Drugs market. This report explores all the key factors affecting the growth of the global Kenya Cardiovascular Drugs market, including the demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The cardiovascular drug market size in Kenya stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

The burden of Non-Communicable Diseases (NCDs), including cardiovascular diseases is significant in Kenya. According to the World Heart Federation, Heart Diseases cause 25% of the hospital admissions and account for 13% of all hospital deaths in Kenya. The number is expected to increase in coming decade due to rapid urbanization, growth in ageing population and changing lifestyles. In addition, 13% of Kenyans consume alcohol and tobacco products daily and 94% eat less than five servings of fruits and vegetables per day. A large proportion of Kenyas urban population live in slums with poor housing and inadequate services. With an estimated 50 cardiologists for 44 million people, excessive shortage of specialists in the country add to the barriers to prevention, management and treatment of cardiovascular diseases.

Market Drivers

The market is majorly driven by the rising burden of cardiovascular diseases. Cardiovascular diseases (CVD) comprise 80% of non-communicable disease (NCD) burden in low- and middle-income countries and are increasingly impacting the poor inequitably. The risk factors include alcohol and tobacco consumption, smoking, sedentary lifestyle, increased dietary intake with saturated fats, stress, obesity and diabetes.

One of the crucial reasons of expansion of cardiovascular drug market is increased awareness of cardiac health among urban population and launch of new products propel the growth of the market. Many key players have come up with advanced drugs to treat cardiovascular diseases. For instance, introduction of drug Eliquis by Pfizer.inc.

Technological Advancements and the need for better and efficient drugs has also led to growth in the cardiovascular Drugs market.

Stringent Government regulations and side effects of the drugs are restraining market growth. Decline in the number of cardiac surgeries and hospital admissions because of lockdown measures due to the COVID-19 outbreak may also hamper the growth of cardiovascular drug market.

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Market Segmentation

By Disease Type:

On the basis of the disease type, the Cardiovascular Drugs market in Kenya can be segmented into Arteriosclerosis, Myocardial Infarction, Coronary Artery Disease, Cardiac Arrythmia, and Peripheral Artery Diseases.

Arteriosclerosis is a condition in which the arteries delivering blood to the body become narrow and thick as a result of deposition of cholesterol plaques in the walls. It is the most common condition in cardiovascular diseases. Treatment includes Anti-coagulants, the segment that is expected to grow at the fastest rate.

Cardiac Arrythmia refers to irregular beating of the heart, slow or fast. Bradycardia refers to slow heart rate and Tachycardia refers to heart beating at a faster rate.

Coronary Artery Disease is the blockage of coronary artery which limits the oxygen and blood flow to the heart and damage the heart tissues. Rise in the condition in the population is responsible for the growth in the cardiovascular drug market.

By Drug Class:

On the basis of the drug class, the Cardiovascular Drugs market in Kenya can be segmented into Anti-Hypertensives, Anti-Coagulants, Anti-Ischemic, Anti-Hyperlipidaemic, Anti-Arrythmias, Anti-Anginal, Anti-Fibrinolytics, Cardiac Glycosides and other drug classes.

The Anti-Coagulants like Heparin, Warfarin is estimated to hold the dominant segment in the market due to its critical life preserving function. This segment is estimated to grow at the highest CAGR among all other drug segments.

By Distribution Channels:

On the basis of the distribution channel, the cardiovascular Drugs market in Kenya can be segmented into Hospital pharmacies, Retail Pharmacies, Online Pharmacies and other distribution channels.

The Hospital Pharmacy segment holds the dominant share followed by retail pharmacies in cases of re-filling prescriptions.

Major Players

Cardiovascular is Kenya's most dominant and fastest-growing prescription drug market segment and is expected to witness tremendous growth in the forecast period. Some of the leading players in cardiovascular drugs market are GSK, Sanofi, Novartis, Adcock Ingram, Pfizer.inc, Merck & co., Johnson & Johnson, Bayer and Cipla. Many new players are entering the market due to enormous growth opportunities.

Based on revenue segmentation, the top-selling cardiovascular drug in Kenya is Nebilet (nebivolol) 5mg, licensed to Menarini, accounting for approximately 7% of revenues for all prescription drugs sold.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Kenya Cardiovascular Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Kenya Cardiovascular Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Kenya Cardiovascular Drugs market
Chapter 2: Exclusive Summary - the basic information of the Kenya Cardiovascular Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Kenya Cardiovascular Drugs
Chapter 4: Presenting the Kenya Cardiovascular Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Kenya Cardiovascular Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Kenya Cardiovascular Drugs Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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