Global Beraprost Market Overview:
Beraprost is a prostacyclin analog with following properties vasodilatory, antiplatelet, antiproliferative effects on vascular smooth muscle cells, and cytoprotective. It is stable, orally active and appears to be an effective agent in the treatment of patients with Buerger's disease and arteriosclerosis obliterans. For Treatment of pulmonary arterial hypertension, beraprost sodium has sent to FDA approval in the orphan designation. It has been studied for the treatment of pulmonary hypertension and for use in avoiding reperfusion injury. Beraprost is basically known as an pharmaceutical drug consumed in several Asian countries, including Japan and South Korea, as a vasodilator and antiplatelet agent. Some of the key players profiled in the study are Toray Industries (Japan), Kaken Pharmaceuticals (Japan), Sanofi (France), Asahi Kasei Pharma (Japan), Shin Poong (Korea), Shiono Kemikaru (Japan), Ohara Pharmaceutical Co (Japan), Pfizer (United States), Sawai Seiyaku (Japan) and Teva (Israel).
On the basis of geography, the market of Beraprost 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 End User, the sub-segment i.e. Hospitals will boost the Beraprost market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Suggested In Many Intractable Diseases
- Demanded In Pulmonary Arterial Pressure Diorders
- Highly Consumption Due To Oral Activity With Standard Therapy
Market Trend
- Growing Used In Peripheral Chronic Arterial Occlusive Disease
Restraints
- Problems Like Headache, Flushing, Jaw Pain, Diarrhea, Leg Pain, And Nausea Are Seen
- Overdose Or Excess Use Result In Severe Bleeding, Hypotension, And Shock
Opportunities
- Clinical Trials And Different Studies Are Going On For More Applications
- Demand is More For Avoiding Reperfusion Injury
Challenges
- Approval Of The FDA is Still Pending For Orphan Beraprost Sodium
Major Market Developments:
On November 25, 2019, Asahi Kasei Pharma Acquired Veloxis Pharmaceuticals Inc. to Accelerate Transformation into a Global Health Care Company. Asahi Kasei Corp decided that Asahi Kasei’s Danish subsidiary will indirectly acquire U.S. pharmaceutical company Veloxis Pharmaceuticals Inc, through a voluntary tender offer for Veloxis Pharmaceuticals, Denmark.
On January 29, 2020, Toray Industries, Inc, announced that it has created PICASUS VT, the world’s first film incorporating an optical function to allow light to pass through the front like glass and reflect obliquely incident light like a mirror. This revolutionary material opens new doors to applications in such areas as augmented and mixed reality for Head-Mounted Display (HMD) and Head-Up Display (HUD), and privacy filter and display films.
FDA has not granted approval to Beraprost sodium in orphan drug designation while orphan drugs are a category of synthetic pharmaceutical which remains commercially undeveloped. Beraprost sodium was the first chemically stable and orally active. As a result, beraprost did not get FDA approval.
Different Diseases are rising day by day, the beraprost has wide applications while clinical trials are going on to explore more uses of the beraprost drug. Japan has the main manufacturing companies of beraprost while other companies also trying to launch their products to take the market. There is a rivalry between leading companies as they are merging and acquiring with different firms.
Target Audience:
Manufacturers, Hospital and diagnostic centers, Distributors/Suppliers/Wholesalers, Government sector, Research firms, Industry Associate and Downstream Vendors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Beraprost market on the basis of product [20mcg, 40mcg, 60 mcg, 80 mcg and 120 mcg] , application [Long Term therapy, Buerger's disease, Arteriosclerosis and Obliterans], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Beraprost market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Beraprost industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Towa Yakuhin (Japan), Yoshindo (Japan), Astellas (Japan) and Kaken Seiyaku (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Beraprost market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.