About Pulmonary Embolism Drug
According to the Centers for Disease Control and Prevention estimation, there are around 900,000 people afflicted by Pulmonary Embolism (PE) or Deep Vein Thrombosis (DVT), 1 or 2 per 1,000 individuals each year are affected in the United States. PE is a sudden blockage in a lung artery which is caused by a blood clot that travels to the lung from a vein in the leg, also known as deep vein thrombosis. A clot that forms in one part of the body and travels in the bloodstream to another part of the body is called an embolus. Medication for the treatment includes anticoagulants drugs and thrombin inhibitors drugs. These drugs decrease the clotting power of blood and consequently, the chances of thrombosis events, such as pulmonary embolism, decreases. These drugs are also available in the form of injection, capsule, and tablet. Further, the Growing consumption of alcohol and tobacco with overweight and obesity adds a risk of developing high blood pressure leading to thrombosis. These factors are driving the Global Pulmonary Embolism Market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.0% |
The market is fragmented and the Key players are focusing on the development of drugs with better efficacy. Moreover, Companies are focused on developing low-cost drugs to serve the large pulmonary embolism patients pool across the globe. Such key developments are likely to fuel the Global Thrombosis Drugs market in the near future. For Instance, In June 2018, Biogen entered into an exclusive option agreement with TMS Co., Ltd. to acquire TMS-007, a plasminogen inhibitor, and backup compounds. TMS-007 is a plasminogen activator with a novel mechanism of action associated with breaking down blood clots and is believed to inhibit local inflammation at the site of thrombosis. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Pulmonary Embolism Drug market throughout the forecasted period. 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.
GlaxoSmithKline plc (United Kingdom), Johnson & Johnson (United States), Accu-Break Pharmaceuticals, Inc (United States), Dong-A Socio Holdings Co. Ltd.(South Korea), F. Hoffmann-La Roche Ltd. (Switzerland), Genentech, Inc. (United States), Aspen Pharmacare Holdings Limited (South Africa) and Pfizer Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Verseon Corporation (United States), Cyclopharm Ltd.(Australia), Jubilant Lifesciences Ltd.(India), Siemens Medical Solutions, Inc (United States) and Grifols Therapeutics Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Pulmonary Embolism Drug market by Type (DS-9231, DS-1040, TRX-1 and Others), Application (Hospital, Clinic and Others) and Region.
On the basis of geography, the market of Pulmonary Embolism Drug 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Pulmonary Embolism Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Factor Xa Inhibitor will boost the Pulmonary Embolism Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Indictaion, the sub-segment i.e. Pulmonary Embolism will boost the Pulmonary Embolism Drug market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Health Care Spending and Demand for Better Treatment in Emerging Economies
Market Growth Drivers:
Increasing Awareness about the Available Drugs & Treatment, The Upsurge in the Burden of Cardiovascular Disease & Trauma Cases and Growing Geriatric & Obese Population
Challenges:
Lack of Awareness about Thromboembolism Conditions
Restraints:
Availability of Generic Drugs and High Price of Non-Vitamin K Oral Anticoagulant Drugs
Opportunities:
Unmet Needs for the Pulmonary Embolism Market and Rapid Technological Advancements in the Treatment Therapies
Market Leaders and their expansionary development strategies
In February 2019, Grifols Therapeutics Inc., a United States based biotechnology company launched AT- lll, a new type of human recombinant thrombosis drugs for the indication of cardiac surgery cardiopulmonary bypass.
In January 2023, Alameda, Calif.-based global healthcare company Penumbra has announced U.S. Food & Drug Administration (FDA) clearance and launch of Lightning Flash, its advanced mechanical thrombectomy system which addresses venous and pulmonary thrombus.
December 2017, Aurobindo Pharma received the Food and Drug Administration approval to manufacture and market its generic version of Fondaparinux Sodium injection used to prevent Pulmonary Embolism.
Key Target Audience
Pulmonary Embolism Drug Manufacturers, Pharmaceutical Companies, Government and Regulatory Bodies, Health Care Industries, Potential Investors, Downstream Vendors, Academic and Research Institute and Research Organizations
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.