Heparin Market 2023 to 2031 Industry Size, Growth Factors, and Future Outlook

U.S (New York) – Report Ocean has recently published a comprehensive research report titled Heparin Market ” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.

The global heparin market was valued at $6,535 million in 2020, and is projected to reach $11,015 million by 2028, registering a CAGR of 6.6% from 2021 to 2028. Rise in occurrence of venous thrombosis due to various underlying factors, such as cardiovascular diseases, drive the growth of the global heparin market. In addition, application of heparin in various surgeries, such as orthopedic and heart surgeries, and increase in number of patients undergoing such surgeries further boost the growth of the market.

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Heparin is an anticoagulant medication and a naturally occurring glycosaminoglycan produced by basophils and mast cells in all mammals. It is used to prevent formation of blood clots caused by certain medical conditions or medical procedures. It is used in the treatment of various health conditions, such as acute coronary syndrome, deep-vein thrombosis, pulmonary embolism, atrial fibrillation, and is also used during heart surgery for carrying out cardiopulmonary bypass as well as hemofiltration. It is also administered for major orthopedic surgeries such as hip replacement and knee replacement. Recent development in heparin research to develop heparin with ultra-low molecular weight for utilization in chemotherapy opened new avenues for the heparin market.

However, many adverse side-effects associated with heparin, such as heparin-induced thrombocytopenia, restrain the growth of the market. In addition, as heparin is derived from animal sources, it poses a significant safety and supply issue, which further limits the growth of the market. In contrast, availability of synthetic and semi-synthetic heparin mimetics that assist in treating various cancers, coagulation, and inflammatory diseases is anticipated to provide lucrative opportunities for the adoption of heparin products. Moreover, increase in government funding toward improving healthcare facilities and extensive R&D activities to develop heparin with improved therapeutic potential and minimal side-effects are anticipated to further provide lucrative opportunities to the market.


The global heparin market is segmented into product, application, distribution channel, and region. On the basis of product, the market is categorized into unfractionated heparin, low molecular weight heparin (LMWH), and ultra-low molecular weight heparin (ULMWH). By application, it is classified into venous thromboembolism, atrial fibrillation, coronary artery disease, and others. By distribution channel, it is divided into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

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KEY BENEFITS FOR STAKEHOLDERS
– The study provides an in-depth analysis of the global heparin market along with the current trends and future estimations to explain the imminent investment pockets.
– A comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
– Comprehensive quantitative analysis of the industry from 2020 to 2028 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
– Extensive analysis of the key segments of the industry helps to understand the application and products of heparin used across the globe.
– Key market players and their strategies have been analyzed to understand the competitive outlook of the market.

LIST OF KEY PLAYERS PROFILED IN THE REPORT
– Baxter International Inc.
– B. Braun Holding GmbH & Co. KG
– Dr. Reddy’s Laboratories Ltd.
– Fresenius SE & Co KGaA
– Hebei Changshan Biochemical Pharmaceutical Co., Ltd.
– Leo Pharma A/S
– Pfizer Inc.
– Sanofi S.A
– Teva Pharmaceuticals
– Viatris Inc.

KEY MARKET SEGMENTS

By Product
– Unfractionated Heparin
– Low Molecular Weight Heparin (LMWH)
– Ultra-low Molecular Weight Heparin (ULMWH)

By Application
– Venous Thromboembolism
– Coronary Artery Disease
– Atrial Fibrillation
– Others

By Distribution Channel
– Hospital Pharmacies
– Drug Stores & Retail Pharmacies
– Online Pharmacies

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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA

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Key Highlights:

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Demand & Supply and Effectiveness: Our reports provide insights into distribution channels, production, consumption, and, if applicable, import and export activities.

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