The ‘Global Heparin Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global heparin market, assessing the market on the basis of its segments like type, application, route of administration, end use, and region.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Heparin Market Size, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 2.3%
One of the main drivers of the global heparin market expansion is the rising geriatric population due to their associated health complications. The high demand for anticoagulants and rising prevalence of chronic diseases such cardiovascular disorders, deep vein thrombosis, pulmonary embolism, and renal diseases is also predicted to grow the market as a whole. Rising health care costs and programmes sponsored by various governments are some of the main drivers projected to fuel market expansion.
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Non-communicable diseases like coronary artery disease (CAD), hypertension, and diabetes are more common due to factors like lack of exercise, excessive drinking and smoking, poor eating habits, and changing lifestyles. Those with diabetes are more likely to experience blood clotting, which can result in heart disease and renal problems. Thus, heparin’s usage to treat these conditions is anticipated to fuel market expansion.
The growth of the market for heparin is also fuelled by rising funding of various nations towards healthcare infrastructure improvements and extensive research and development efforts to develop heparin with better therapeutic potential and minimal adverse effects. Other factors anticipated to speed up the expansion of the global heparin market over the forecast period include increased health care spending and patient awareness.
Heparin Industry Definition and Major Segments
Heparin is a polysaccharide that is naturally occurring and acts as an anticoagulant blood thinner. Belonging to the glycosaminoglycans family, heparin is primarily found in mast cells and can be commercially prepared from bovine and porcine sources. As a blood thinner, heparin is commonly used to treat unstable angina, prevent heart attacks, and reduce the risk of blood clots.
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Based on type, the market is segmented into:
- Low Molecular Weight Heparin
- Ultra-Low Molecular Weight Heparin
- Unfractionated Heparin
On the basis of application, the market is divided into:
- Venous Thromboembolism
- Atrial Fibrillation
- Renal Impairment
- Coronary Artery Disease
By route of administration, the market is bifurcated into:
Based on end use, the market is segmented into:
On the basis of region, the market is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Heparin Market Trends
The key trends projected to propel the global heparin market include the rising prevalence of illnesses like venous thromboembolism, renal impairment, and coronary artery disease. The market is expected to benefit from the rising demand for anticoagulants as well as rising investments in healthcare infrastructure and initiatives of various governments.
Key competitors in the global market for heparin place a high priority on technologically advanced products, regulatory clearances, introduction of new products, cooperation agreements, and acquisitions with other market participants. These techniques will likely advance the market for heparin globally.
Governments from all over the world are working with market participants to expand and develop the global heparin market. Governments are also making significant investments in the introduction of new heparin applications, which benefits the market for heparin globally. Additionally, it is predicted that the development of synthetic and semi-synthetic heparin mimics that help cure inflammatory, coagulation, and malignant disorders will offer lucrative prospects for heparin adoption.
Key Market Players
The major players in the global heparin market report are GlaxoSmithKline plc, Pfizer Inc., LeoPharma A/S, Sanofi S.A, Dr. Reddy’s Laboratories Ltd., Aspen Pharmacare Holdings Limited, B. Braun Melsungen AG, and Fresenius Kabi AG, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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