In-Depth Exploration of the Heparin Market: Enriching Industry Understanding, Envisioning Trends, Evaluating Growth Catalysts, and Forecasting Advancements from 2023 to 2031.
Report Ocean has recently released a comprehensive research report on the global Heparin Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
What is the value of the Global Heparin Market?
Global Heparin Market is valued approximately USD 7.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 2.4% over the forecast period 2022-2028.
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What are Heparin and their primary function?
Heparin, commonly known as unfractionated heparin, is a glycosaminoglycan that occurs naturally. Heparins are anticoagulants since they rely on the activity of antithrombin. The market is expected to be driven by the rising prevalence of illnesses such as renal impairment, coronary artery disease, and venous thromboembolism. According to the CDC, in 2022, around 900,000 people in the United States may be impacted by venous thromboembolism, which may result in the death of 10% – 30% of persons within one month of diagnosis. Anticoagulant demand is expected to drive the entire industry. Furthermore, growing health-care expenditures and government-led efforts are among the important drivers expected to fuel market expansion. One of the primary reasons driving the overall market is the rising prevalence of chronic illnesses such as cardiovascular disorders and renal diseases. Diabetes prevalence over 30 years was 13.8 percent in 2020, according to the Korea Biomedical, . Diabetes patients are more likely to experience blood coagulation, which can lead to heart disease and renal issues.
Heparin’s application in the treatment of such illnesses is expected to fuel market expansion. The COVID-19 epidemic has greatly raised the market between 2020 and 2021. According to the JAMA Journal in 2021, aberrant blood clots are widespread in COVID-19 patients due to clot-promoting autoantibodies, which cause deep vein thrombosis and pulmonary embolisms, opening the door for heparin. According to a 2021 article published in the Journal of the American Heart Association (JAHA), early-stage anticoagulation treatment with low-molecular-weight heparin might better prevent COVID19-associated coagulopathy and endotheliopathy, leading to a better prognosis in a patient. All of the variables mentioned above are projected to contribute to market expansion. However, the side effects of heparin hinder market growth throughout the projection period of 2022-2028.
The key regions considered for the Global Heparin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America led the market and had the highest revenue share in 2021. This is because cardiovascular problems and injuries are on the rise. Furthermore, rising healthcare expenditure levels and increased patient awareness in this region might be related to the region’s high proportion. The market in Asia Pacific is expected to develop at the quickest rate during the forecast period. Some of the key drivers driving expansion are an ageing population, a big population with chronic disease, and expanding economies. In addition, Asia Pacific is the main source of crude heparin and its API. This benefits local businesses like Pharmax Lifesciences. Local firms are developing low-cost generic versions of patent-expired pharmaceuticals.
Major market players included in this report are:
- Pfizer Inc.
- LEO Pharma A/S
- Dr. Reddy’s Laboratories Ltd.
- GlaxoSmithKline plc
- Sanofi
- Aspen Holdings
- Fresenius SE & Co. KGaA
- B. Braun Medical, Inc.
- Sandoz (Novartis AG)
- Baxter International Inc
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Low Molecular Weight Heparin
Ultra-low Molecular Weight Heparin
Unfractionated Heparin
By Source:
Porcine
Bovine
Others
By Route of Administration:
Intravenous
Subcutaneous
By Application:
Venous Thromboembolism
Atrial Fibrillation
Renal Impairment
Coronary Artery Disease
Others
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By End-use:
Outpatient
Inpatient
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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This report covers several key questions related to the global Heparin market, including:
- What can be expected for the Heparin market in the next decade?
- What are the primary drivers of growth in the global Heparin market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Heparin market vary based on the size of the end market?
- What is the breakdown of Heparin by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Heparin market?
The Key Points Covered in the Table of Contents:
Overview: This section provides a concise summary of the report, offering a high-level understanding of the global Heparin Market. It serves as an introduction, providing insights into the nature and contents of the research study.
Market Analysis: The research study accurately and reliably forecasts the market share of key segments within the Heparin Market. This analysis enables industry participants to make strategic investments in the significant growth areas of the Food Container Market.
Analysis of Leading Players’ Strategies: Market participants can utilize this report to gain a competitive advantage over their rivals in the Heparin Market. It offers an in-depth analysis of the strategies employed by leading players, enabling others to develop effective strategies and stay ahead in the market.
Regional Growth Analysis: The report covers all major regions and countries relevant to the Heparin Market. The regional analysis facilitates market players in identifying untapped regional markets, devising unique regional strategies, and comparing the growth patterns across different regions.
Market Forecasts: Purchasers of this report gain access to precise and validated estimations of the overall market size in terms of both value and volume. The study also includes comprehensive forecasts for consumption, production, sales, and other pertinent factors related to the Heparin Market.
Our Heparin Market Report is a comprehensive analysis of the market, providing valuable insights for businesses looking to invest in this industry.
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