Anticoagulation Market
The anticoagulation market is expected to cross USD 20.54 Billion by 2030 at a CAGR of 7.50% during the forecast period.
Anticoagulation Market: Overview Information by Drug Class , Disease Indication,Route of Administration, Distribution Channel
Research development start with conceptualizing, followed by design, then development, and lastly, testing. The RD segment comprises 25-30% of the value chain. After the product designs are final, the manufacturing of the product starts. Manufacturing consists of 45-50% of the value chain. Then comes distribution and sales, which is essential for any industry
The Anticoagulation Market Size is projected to reach is projected to reach moderate CAGR during the forecast period during the forecast period. The global Anticoagulation Market is growing steadily due to the rising demand for anticoagulants, which creates lucrative growth opportunities for the number of players coming forward with new and better products. The value chain analysis of the market comprises four major components: research development and designing, manufacturing the products, distribution sales, and post-sales services.
Market Segmentation
The global anticoagulation market Research report is segmented into drug class, route of administration, disease indication, distribution channel, and region. The drug class segment has been further segmented into direct oral anticoagulants (DOACs), warfarin,vitamin K,and heparinsLow Molecular Weight Heparin (LMWH). The disease indication segment is further segmented into heart attacks,stroke, Deep Vein Thrombosis (DVT)/Pulmonary Embolism (PE), Mechanical Heart Valves (MHV), and others. The route of administration segment has been further segmented into oral, injectable, andothers.The distribution channel segment is segmented into retail pharmacies,hospital pharmacies, andonline pharmacies.
Regional Analysis
The global anticoagulation market Insights, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market accounted for the largest share in 2019 and is expected to increase at a CAGR of 8.20% during the forecast period. This is due to the rising prevalence of venous thromboembolism (VTE) and cardiovascular disorders, increased risk of a blood clot in various medical conditions, and the adoption of NOACs globally. According to a published article in PubMed in 2019, NOACs have emerged as promising alternatives to Vitamin K Antagonists (VKAs). However, there are some considerations and challenges to their introduction in developing countries.
Europe accounted for a market size of USD 5,205.37million in 2019 and is expected to grow at a CAGR of 7.26% during the forecast period. It has evolved as a prominent market with increased cardiovascular diseases and rising investments in RD in the pharmaceutical sector. The region has considerable growth potentials that would help expand the global market in the coming years. However, stringent regulations set by various governments are hampering the market growth in the European region.
The anticoagulation market Report in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific. Asia-Pacific is expected to showthe highest growth rate during the forecast period from 2020 to 2027. Factors such as an increasing patient population suffering from various chronic and acute diseases, rising prevalence of cardiovascular disease and VTE, developing economies, improving diagnosis rate, and growing demand for ideal therapeutics are anticipated to boost the market growth. Furthermore, continuous economic development with evolving healthcare infrastructure and improving healthcare awareness have further supported the market's growth. However, increasing treatment expenditure for anticoagulant drugs is anticipated to hamper the market growth in the Asia-Pacific region.
The Rest of the World is segmented into the Middle East, Africa, and Latin America. The Middle East Africa region market is expected to witness significant growth due to the increasing number of research companies and subsidiaries involved in RD activities for anticoagulants. The rising prevalence of cardiovascular disorders in the region is also influencing the growth of the anticoagulation market.
Key Players
Anticoagulation Market Players are Pfizer Inc (US), Sanofi (France), Novartis AG (Switzerland), GlaxoSmithKline plc (UK), Daiichi Sankyo Company, Limited, Inc. (Japan), Johnson Johnson Services Inc (US), Boehringer Ingelheim International GmbH (Germany), Bristol-Myers Squibb Company (US), F. Hoffmann-La Roche Ltd (Switzerland), and Portola Pharmaceuticals, Inc (US).
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