The global heparin market size is expected to reach USD 11.43 billion by 2027, exhibiting a CAGR of 3.9% during the forecast period. The increasing cases of cardiovascular diseases such as deep vein thrombosis & pulmonary embolism are expected to spur demand for heparin in the forthcoming years, states Fortune Business Insights, in a report, titled “Heparin Market Size, Share & Industry Analysis, By Product Type (Unfractionated Heparin (UFH), and Low Molecular Weight Heparin (LMWH)), By Source (Bovine, and Porcine), By Application (Deep Vein Thrombosis & Pulmonary Embolism, Atrial Fibrillation, Heart Attacks, Stroke, and Others), By Route of Administration (Intravenous Infusion, and Subcutaneous Injection), By End User (Hospitals & ASCs, Clinics, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 8.39 billion in 2019.
The report on the heparin market reveals:
Prominent insights into the industry
Noteworthy data about major companies
Emerging trends and drivers
Comprehensive analysis of the segments
COVID-19 effect on the industry
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Minimal Impact on the Market During COVID-19
The limitations on non-essential medical procedures and consultations has had a drastic impact on the global market amid COVID-19. The healthcare industry has observed a decline in other medical services besides coronavirus. The increased emphasis on COVID’s vaccine has reduced the demand for other therapeutics. Furthermore, the lack of supply and production of heparin will simultaneously limit the scope of the market. However, government initiatives, including heavy investments and free medical aid will influence the healthy growth of the market in the time of the pandemic.
High Adoption of Advanced Products to Boost Market in North America
The market size in North America stood at USD 4.28 billion in 2019. The growth in the region is attributed to the prevalence of cardiovascular diseases such as pulmonary embolism. The higher adoption of advanced heparin products will have an excellent effect on the market in the region. The increasing healthcare expenditure is expected to foster the healthy growth of the market in North America.
The presence of major companies can further enhance the development of the market in the region. Europe is expected to hold the largest share owing to the acceptance of technologically advanced products in the region. The rising number of patients suffering from a range of cardiovascular diseases will further spur opportunities in the region. Asia Pacific is expected to experience a rapid growth rate owing to the growing patient population. The surging healthcare expenditure in the developing nations will have a tremendous effect on the market in Asia Pacific.
Key Development:
May 2019: Pfizer, Inc. announced that it has received the approval from the U.S. FDA for the administration of its heparin product offering, Fragmin to minimize the recurrence of symptomatic venous thromboembolism (VTE) in pediatric patients aged one month and above.
The Report Lists the Key Companies in the Heparin Market:
Opocrin S.p.A. (Formigine, Italy)
Baxter (Deerfield, U.S.)
Pfizer Inc. (New York, U.S.)
Bioiberica S.A.U. (Barcelona, Spain)
Fresenius SE & Co. KGaA (Bad Homburg, Germany)
Hebei Changshan Biochemical Pharmaceutical Co., Ltd. (Shijiazhuang, China)
B. Braun Melsungen AG (Melsungen, Germany)
Dr. Reddy’s Laboratories Ltd. (Hyderabad, India)
LEO Pharma A/S (Ballerup, Denmark)
Aspen Holdings (Durban, South Africa)
Other Players
Global Heparin Market Segmentation :
By Product Type
UFH
LMWH
By Source
Bovine
Porcine
By Application
Deep Vein Thrombosis & Pulmonary Embolism
Atrial Fibrillation
Heart Attacks
Stroke
Others
By Route of Administration
Intravenous Infusion
Subcutaneous Injection
By End-User
Hospitals & ASCs
Clinics
Others
By Geography
North America
By Product Type
By Source
By Application
By Route of Administration
By EndUser
By Country
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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
Number of procedures and average price of procedures
Replacement rate and pricing of capital equipment
Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
Market & technological trends, new product developments, product pipeline.
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