What is Anticoagulation Therapy Market?
Anticoagulant therapy is the most widely used treatment for venous thromboembolism (VTE), a term referring to blood clots in the veins. Venous thromboembolism (VTE) is the third leading vascular diagnosis after a heart attack and stroke. VTE affecting between 300,000 to 600,000 Americans every year. In anticoagulation therapy, anticoagulants, a chemical substance that prevents or reduces coagulation of blood, are used to treat and prevent blood clots that may occur in the patient's blood vessels. The factors such as Increased Prevalence of Venous Thromboembolism, Deep Vein Thrombosis, and Heart Diseases among People as well as the Development of New Diagnostic Centres and Hospitals in Developing Countries are the key driving factors for the global Anticoagulation Therapy market. In addition, Increased Adoption of DOACs to Prevent VTE also fueling market growth. However, Uncertainty Regarding Assessment of Drug Levels and the High Risk of Malfunctions like Increased Bleeding may hamper the market growth.
Highlights from Anticoagulation Therapy Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | GlaxoSmithKline plc (United Kingdom), Pfizer, Inc. (United States), Abbott Laboratories (United States), Baxter International Inc. (United States), AstraZeneca plc (United Kingdom), Bayer AG (Germany), Merck & Co., Inc. (United States), Eli Lilly and Company (United States), Bristol-Myers Squibb Company (United States), Genentech Inc. (United States), Sanofi S.A. (France) and Novartis International AG (Switzerland) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Anticoagulation Therapy market throughout the forecasted period.
GlaxoSmithKline plc (United Kingdom), Pfizer, Inc. (United States), Abbott Laboratories (United States), Baxter International Inc. (United States), AstraZeneca plc (United Kingdom), Bayer AG (Germany), Merck & Co., Inc. (United States), Eli Lilly and Company (United States), Bristol-Myers Squibb Company (United States), Genentech Inc. (United States), Sanofi S.A. (France) and Novartis International AG (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are BioVascular Inc. (United Kingdom) and C.H. Boehringer Sohn AG & Ko. KG (Germany). Anticoagulation Therapy Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Venous Thromboembolism, Deep Vein Thrombosis, Coronary Artery Disease and Heart Attack |
Route of Administration | Oral,Parenteral |
Distribution Channel | Hospital Pharmacies,Retail Pharmacies,Online,Others |
End-user | Hospitals,Clinics,Homecare,Ambulatory Surgical Centres,Others |
Drug Class | Novel Oral Anticoagulants (NOACs),Heparin & LMWH,Vitamin K Antagonists,Others |
On the basis of geography, the market of Anticoagulation Therapy 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Adoption of DOACs to Prevent VTE
Market Growth Drivers:
Increased Prevalence of Venous Thromboembolism, Deep Vein Thrombosis and Heart Diseases among People and Development of New Diagnostic Centres and Hospitals in Developing Countries
Challenges:
High Risk of Malfunctions like Increased Bleeding
Restraints:
Uncertainty Regarding Assessment of Drug Levels
Opportunities:
Growth in the Geriatric Population, Increasing Number of People Suffering from Obesity and Growing Healthcare Industry Worldwide
Key Target Audience
Anticoagulation Therapy Drug Manufacturers, Distributors, Emerging Companies, Research Professionals and End-users
Market Leaders & Development Strategies
On 30th July 2019, Pfizer Inc. had announced the successful completion of its acquisition of Array BioPharma Inc., advancing breakthrough science for the discovery, development and commercialization of targeted small molecule medicines to treat cancer and other diseases of high unmet need.
In December 2019, The FDA has approved the first two generics of Pfizer and Bristol-Myers Squibb’s blockbuster anticoagulant drug Eliquis, from Micro Labs and Mylan.