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The pericarditis market size was valued at USD 2.44 billion in 2023, driven by the rising prevalence of pericarditis across the 8 major markets. The market is expected to grow at a CAGR of 5.24% during the forecast period of 2024-2032, with the values likely to rise from USD 2.57 billion in 2024 to USD 3.87 billion by 2032.
Pericarditis is characterized by the inflammation of the pericardium (sac surrounding the heart) caused by various disorders such as myocardial infarction, infection, metabolic disorders, and tumors. Pericarditis is the most common pericardial disease, leading to 5.4-26 hospitalizations per 100,000 individuals annually in the United States. Recurrent pericarditis occurs in 30% of patients having acute pericarditis, with treatment lasting up to 7 years. The rising prevalence of the disease is expected to augment the market size in the forecast period.
The surge in approvals from health regulatory agencies also drives the pericarditis market growth. In February 2024 , the United States Food and Drug Administration (FDA) granted Orphan Drug Designation (ODD) to a small molecule drug candidate called CardiolRx™ to treat pericarditis. Developed by Cardiol Therapeutics Inc., a clinical-stage life sciences company in the United States, the drug candidate is undergoing Phase II clinical trials for recurrent pericarditis and acute myocarditis.
The emergence of novel therapies to treat the condition and address a wider section of patients is expected to fuel the market demand in coming years. Increased research and development initiatives along with investments made by the key players is projected to boost the market size. Heightened awareness of heart health among patients through campaigns and trends is another significant factor contributing to the increasing market size.
Key Trends | Description |
Rising Prevalence of Pericarditis | Pericarditis is increasingly prevalent, leading to a significant number of hospitalizations annually in the United States. Surge in cardiovascular issues, owing to fast paced, and sedentary lifestyles among individuals is a notable market trend. |
Emergence of Novel Therapies | Innovative therapies are being developed and tested in clinical trials for the treatment of pericarditis. The introduction of novel treatment options is anticipated to meet the growing demand for effective management of the condition. |
Increased Research and Development Investments | Key players in the healthcare industry are investing significantly in research and development activities aimed at advancing the understanding and treatment of pericarditis. |
Heightened Awareness of Heart Health Among Patients | Growing awareness of heart health and cardiovascular diseases among patients is leading to early detection and diagnosis of pericarditis. This increased awareness supports the demand for pericarditis treatments. |
In terms of diagnostic methods, the market is segmented into electrocardiogram (ECG), echocardiogram, computerized tomography (CT), and X-ray, among others. This segmentation ensures diagnosis and evaluation of pericarditis to facilitate appropriate treatment interventions.
Market Breakup by Drug Type
Based on the drug type, the market is segmented into nonsteroidal anti-inflammatory drugs (NSAIDs), colchicine, and others. NSAIDs are used to reduce inflammation and relieve pain associated with pericarditis. Colchicine has been effective in preventing recurrent pericarditis episodes.
Market Breakup by End User
Based on end users, the pericarditis market share is segmented hospitals and clinics, as well as medical institutes and research laboratories, among others.
Market Breakup by Distribution Channels
Major distribution channels of the market include hospital pharmacies, retail pharmacies, online pharmacies, and others. Increasing digitization has led to increased preference for online pharmacies amongst patients.
Market Breakup by Region
The market report includes 8 major markets projected to show significant growth in the forecast period. The segmentation based on the region covers the United States, EU-4 (Germany, France, Italy, Spain), and the United Kingdom, Japan, and India. North America holds a high market value which can be attributed to the rising geriatric population base in the region. In addition, the presence of an advanced healthcare system and the increased prevalence of cardiovascular diseases are anticipated to propel the market growth.
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:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Diagnostic Method |
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Breakup by Drug Type |
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Breakup by End User |
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Breakup by Distribution Channels |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 2.44 billion in 2023 driven by the rising prevalence of pericarditis across the 8 major markets.
The market is anticipated to grow at a CAGR of 5.24% during the forecast period of 2024-2032, likely to reach a market value of USD 3.87 billion by 2032.
The rise in cardiovascular diseases and growing awareness surrounding heart health are fuelling the demand for the market.
One of the significant trends in the market is the surge in drug approvals from health regulatory agencies such as the FDA. In February 2024, the United States FDA granted Orphan Drug Designation (ODD) to Cardiol Therapeutics' CardiolRx™, a small molecule drug candidate developed to treat pericarditis.
Based on the diagnostic methods, the market is segmented into electrocardiogram (ECG), echocardiogram, computerized tomography (CT), and X-ray.
Based on the drug type, the market is segmented into nonsteroidal anti-inflammatory drugs (NSAIDs), colchicine, and others.
Major end users of the market include hospitals and clinics, as well as medical institutes and research laboratories.
Major distribution channels of the market include hospital pharmacies, retail pharmacies, online pharmacies, and others.
The major regions of the market include the United States, EU-4 (Germany, France, Italy, Spain), and the United Kingdom, Japan, and India.
Key players involved in the market are Kiniksa Pharmaceuticals, Pfizer Inc., Bayer AG, AstraZeneca Plc, Sanofi, Johnson and Johnson Services, Inc., Merck & Co., Inc., Allergan Plc., Novartis AG, and Perkin Elmer Inc.
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