Forecast: Cardiovascular System Medicine Use in Australia

Between 2013 and 2019, cardiovascular system medicine use in Australia generally trended downward, with annual decreases varying between -0.28% and -2.01%. However, starting in 2020, there was a notable shift with consistent year-on-year increases, rising from 3.26% in 2020 to 1.88% in 2023. As of 2023, usage stood at 411.9 units, measured as Defined Daily Dosage per thousand persons per day. Looking forward, the forecast indicates a continued but slower growth trend, with a projected 5-year CAGR of 0.68% leading to an anticipated usage of 432.2 units by 2028.

Future trends to watch for include:

  • Potential impacts of new medical guidelines or breakthroughs in cardiovascular treatments.
  • Influence of public health initiatives focused on heart health and lifestyle changes.
  • Demographic shifts, particularly as the population ages, which may drive higher demand for cardiovascular medications.

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