About Ticagrelor
Ticagrelor is called an antiplatelet medicine. Ticagrelor is used for the prevention of blood clots and certain cardiovascular conditions. It is a PY212 receptor. It is an antiplatelet agent; the ticagrelors include cyclopentyl-triazolo-pyrimidine antiplatelet agents. The ticagrelor is allowing a quick return to normal function; it is an anticipated agent; it reduces the risk of major cardiovascular events, and it improves overall survival rates in patients. Ongoing research and development activities in the pharmaceutical industry contribute to the introduction of new and improved medications. If there are further advancements or new developments in ticagrelor, it may be driving market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The companies are implementing strategic activities such as acquisition and mergers along with collaboration with companies in other industries to help them in improving sustenance and maintaining their competitive advantages. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AstraZeneca (United Kingdom), Pfizer Inc. (United States), Sun Pharmaceutical Industries Ltd. (India), Boehringer Ingelheim International GmbH. (Germany), Maithili Life Sciences Pvt. Ltd (India), Teva Pharmaceutical Industries (Israel), Dr. Reddy’s Laboratories Ltd. (India), Hisun Pharm Hangzhou (China), Aarti Pharmalabs Limited (India), Bristol-Myers Squibb Company (United States), Novartis International AG (Switzerland), Takeda Pharmaceutical Company Limited (Japan), Cipla Limited (India) and Janssen Pharmaceuticals, Inc (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ticagrelor market by , Application (Acute Coronary Syndromes, Percutaneous Coronary Intervention and Others) and Region.
On the basis of geography, the market of Ticagrelor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Retail Pharmacies will boost the Ticagrelor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Ticagrelor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
The increasing prevalence of cardiovascular diseases, such as coronary artery disease and acute coronary syndrome and The growing awareness of the benefits of ticagrelor in preventing heart attack and stroke
Challenges:
Ticagrelor is a relatively expensive medication and Ticagrelor faces competition from other antiplatelet medications.
Restraints:
Stringent regulatory processes and approvals can slow down the entry of ticagrelor into new markets and Limited Indications of ticagrelor medicines
Opportunities:
Focus on ongoing research and discovers new therapeutic indications for ticagrelor. and Incorporating digital health solutions for better patient management and adherence
Market Leaders and their expansionary development strategies
In May 2023, SERB Pharmaceuticals, a global specialty pharmaceutical company, and SFJ Pharmaceuticals, a global drug development company, announce that SERB has acquired exclusive US rights to the ticagrelor reversal agent bentracimab from SFJ. The acquisition of bentracimab marks a significant step in strategy to grow through investment in innovative, biologic products for critical care conditions and leverages existing commercial and technical capabilities.
In January 2020, CytoSorbents Corporation, a critical care immunotherapy leader specializing in blood purification, announces that CytoSorb® is now approved and immediately available for the removal of the anti-platelet agent, ticagrelor, during surgery requiring cardiopulmonary bypass (CPB), with the achievement of European Union regulatory approval and CE Mark label expansion for this indication.
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.