Global Anticoagulant Market Size, Trends, & Growth Opportunity, By Drug Class, By Route of Administration, By Application, By Region & forecast till 2027.
Global Anticoagulant Market
Global Anticoagulants market was valued at US$ 34.0 billion in 2021 and is anticipated to reach at USD 60.8 billion by 2027 at a CAGR 10.2% from 2022-2027.
Anticoagulant drugs (also called as blood thinner) are chemical substances prevent or reduce blood and increase the blood clotting time. These drugs are chiefly used for high risk of blood clots in various medical conditions such as atrial fibrillation, deep vein thrombosis, myocardial infraction, pulmonary embolism, stroke and others.
Market Drivers
The Global anticoagulant industry is expected to show remarkable growth in the upcoming period due to increasing incidence of venous thromboembolism (VTE) and cardiovascular disorders, increasing adoption of novel oral anticoagulants, and rise in knowledge of NOACs in developing countries. Additionally, rise in number of obese and elderly people, higher unmet needs flow in demand of novel therapeutics promote the market growth. Oral anticoagulants market has observed the steady growth and there is fast expansion in product productions. Over the past decade, more patient-friendly, better compliant dosage form improved demand for oral coagulants market.
Market Restraints
Higher price of NOACs and lack of antidots for NOACs hamper the anticoagulant market. The novel oral anticoagulants are new class of anticoagulant drugs. NOCs have major pharmacologic benefit over warfarin, such as fast onset and offset of action, minimum drug interactions, and predictable pharmacokinetics. Although, these novel drugs have higher price and lead to rise in healthcare costs that may limit their adoption and in turn impede the anticoagulant market growth.
Market segmentation
The Global Anticoagulants market is segmented into Drug Class, route of administration, Application.
By Drug Class such as NOACs (Eliquis, Bevyxxa, Xarelto, Savaysa & lixiana, Pradaxa), Heparin & LMWH, Vitamin K Antagonist, Others. By Route of Administration such as Oral anticoagulant, Injectable anticoagulant. By Application such as Atrial fibrillation & heart attack, Stroke, Deep vein thrombosis (DVT), Pulmonary embolism (PE), Others.
Regional Analysis
The Global Anticoagulants market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America brings about a revenue of USD 10.10 billion in 2018 and is expected to turn up superior in the global market during the forecast period. Asia Pacific is anticipated to witness the highest growth in the market value. Europe is anticipated to witness noteworthy growth in the market due to cardiovascular disease causes more than half of all deaths across the region, that is resulting in the higher adoption of blood thinning medications.
Key Players
Various Key Players are listed in this report such as Boehringer Ingelheim, BMS, Johnson & Johnson, Sanofi, Pfizer Inc., AstraZeneca, Bayer, Cellceutix, Cosmo Pharmaceuticals, CSL Behring.
Market Taxonomy
By Drug Class
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