Global Heparin Sodium Market Overview:
The sodium salt of sulfated glycosaminoglycans is Heparin sodium and exist as a mixture of heterogeneous molecules different in molecular weights that retains a combination of activities against various factors of the blood clotting cascade. It is present in mammalian tissues & is typically obtained from the intestinal mucosa or other suitable tissues of domestic mammals used for food. It is an anticoagulant (blood thinner), prevents the formation of blood clots. It is used to treat as well as prevent blood clots in the veins, arteries, or lung, as well. Also, it is also before surgery to decrease the risk of blood clots. It comprised of polymers of alternating derivatives of α-D-glucosamido (O-sulfated, N-sulfated, or N-acetylated) & O-sulfated uronic acid (α-L-iduronic acid or β-D-glucuronic acid). Growing incidences of thrombosis is likely to impel the global Heparin sodium market growth during the forecasted period.
As per latest study released by AMA Research, the Global Heparin Sodium market is expected to see growth rate of 3.3%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Growing incidences of thrombosis, Increasing government funding to healthcare facilities improvement and Increasing awareness about the availability of such treatment options among the patient population
Challenges:
Strict government regulations
Restraints:
Many cases of Adulterated Heparin
Opportunities:
Growing medical needs in emerging economies
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market
Some of the key players profiled in the report are Pfizer Inc. (United States), Shenzhen Hepalink Pharmaceutical Group Co., Ltd. (China), Nanjing King-friend Biochemical Pharmaceutical Co., Ltd. (China), Bioiberica S.A.U. (Spain), OPOCRIN SPA (Italy), Yantai Dongcheng Pharmaceutical Group Co., Ltd. (China), Baxter International Inc. (United States), Aspen Holdings (The Netherlands), Sanofi-Aventis U.S. LLC (United States) and Sichuan Deebio Pharmaceutical Co., Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Yantai Dongcheng Pharmaceutical Group Co., Ltd. (China), Changzhou Qianhong Bio-pharma Co., Ltd. (China) and Shenzhen Techdow Pharmaceutical Co., Ltd (China). Analyst at AMA Research see Chinese and United States Vendors to retain maximum share of Global Heparin Sodium market by 2030.
Latest Market Insights:
On February 21, 2023, Fresenius Kabi announced the acquisition of APP Pharmaceuticals, a leading provider of generic injectable drugs, including Heparin Sodium.
On November 14, 2023, Samsung Biologics announced a partnership with China's CSPC Pharmaceutical Group to develop and manufacture biosimilars, including Heparin Sodium.
"The United States Food and Drug Administration (FDA) is the regulatory body for heparin in United States and has been alerting healthcare providers of a change to the United States Pharmacopeia (USP) monograph for heparin, effective October 1, 2009. The United States Pharmacopeia (USP) has newly published updated compendial test methods for heparin sodium USP to contain the two screening tests previously posted on FDA’s website. Effective immediately, in accord with section 501(b) of the FD&C Act, all heparin sodium USP must meet compendial requirements as specified by the FDA."
What Can be Explored with the Heparin Sodium Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Heparin Sodium Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Heparin Sodium
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Heparin Sodium market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Heparin Sodium market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Heparin Sodium manufacturers, Raw material suppliers, Pharmaceutical Industry, Industry associations and government organisations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.