The Heparin by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Heparin , The heparin market size has grown strongly in recent years. It will grow from $9.29 billion in 2023 to $9.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increased prevalence of cardiovascular diseases, advances in surgical procedures requiring anticoagulation, growth in the aging population, rise in deep vein thrombosis cases, expansion of applications in renal dialysis.
The heparin market size is expected to see strong growth in the next few years. It will grow to $12.92 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to growing demand for low-molecular-weight heparin, expansion of heparin use in the treatment of cancer, increasing incidence of venous thromboembolism, development of biosynthetic heparin, increase in the number of emerging markets. Major trends in the forecast period include technological advancements in heparin production, emphasis on the production of safer and more bioavailable heparin, integration of digital technologies in heparin administration, adoption of biosimilars, exploration of heparin alternatives and substitutes.
The increasing prevalence of chronic diseases is significantly driving the growth of the heparin market. Chronic diseases refer to medical conditions, which last more than one year and require constant medical attention or hospitalization for specialized treatment. The changing lifestyle, eating habits, and inappropriate maintenance of body weight are the reasons for chronic conditions and a few more prolonged chronic infections lead to cancerous risk. Growing exposure to the disease has increased the demand for heparin, as they are widely used to make the blood thin during surgeries and various medical treatments. For instance, in July 2021, according to the International Diabetes Federation (IDF), a Belgium-based diabetes organization, the number of persons with diabetes worldwide is predicted to reach 537 million in 2021, 643 million in 2030, and 783 million in 2045. In addition, it was anticipated that 541 million people would have impaired glucose tolerance by 2021. Additionally, it is anticipated that in 2021, nearly 6.7 million people between the ages of 20 and 79 will pass away due to complications from diabetes. Therefore, the increasing prevalence of chronic diseases will drive the growth of the heparin market.
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The Heparin Market Covered In This Report Is Segmented –
Heparin By Product:
Unfractionated Heparin,
Low Molecular Weight Heparin (LMWH),
Ultra-Low Molecular Weight Heparin (ULMWH)
Heparin By Source:
Bovine
Porcine
Heparin By Route of Administration:
Intravenous
Subcutaneous
Heparin By Application:
Venous Thromboembolism
Atrial Fibrillation
Renal Impairment
Coronary Artery Disease
Other Applications
Heparin By Distribution Channel:
Hospital Pharmacies
Drug Stores & Retail Pharmacies
Online Pharmacies
Top Key Players:
Baxter International Inc.
B. Braun Medical Inc.
Dr. Reddy’s Laboratories Ltd.
Fresenius SE & Co. KGaA
Leo Pharma A/S
Product advancement is a key trend gaining popularity in the heparin market. Key players and their research wings are increasingly focusing on developing an advanced and improved heparin or heparin prefilled syringe with precision and convenience to increase their business reach and presence across the globe. For instance, in April 2021, Fresenius Kabi USA, a US-based healthcare company, launched Freeflex IV bags. These are low-concentration sodium heparin in ready-to-use sodium chloride injection. These bags consist of 1,000 USP units of sodium heparin in a 500 mL infusion bag with 0.9% sodium chloride and 2,000 USP units of sodium heparin in a 1,000 mL infusion bag with 0.9% sodium chloride. simple, These heparin bags help reduce medication errors and guarantee patient safety.
The heparin market report table of contents includes:
1. Executive Summary
2. Heparin Market Characteristics
3. Heparin Market Trends And Strategies
4.Heparin Market – Macro Economic Scenario
5. Global Heparin Market Size and Growth
…..
31. Global Heparin Market Competitive Benchmarking
32. Global Heparin Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Heparin Market
34. Heparin Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Heparin Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Heparin Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Heparin Market, Segmentation By Route of Administration, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……
Table 76: Baxter International Inc. Financial Performance
Table 77: B. Braun Medical Inc. Financial Performance
Table 78: Dr. Reddy’s Laboratories Ltd. Financial Performance
Table 79: Fresenius SE & Co. KGaA Financial Performance
Table 80: Leo Pharma A/S Financial Performance
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