Increase in the cases of atrial fibrillation and rise in the number of older population are some of the key factors that are expected to create revenue-generating opportunities in the global anticoagulant reversal drugs market.
Global Anticoagulant Reversal Drugs Market: Overview
Increase in the cases of atrial fibrillation and rise in the number of older population are some of the key factors that are expected to create revenue-generating opportunities in the global anticoagulant reversal drugs market. Thus, the market is estimated to expand at a CAGR of 15.6% during the forecast period from 2018 to 2026 and gain the valuation of US$ 2,085.1 Mn by 2026.
The study by Transparency Market Research (TMR) gives 360-degree analysis of major factors influencing the growth curve of the global anticoagulant reversal drugs market. Thus, readers are enlightened on many important factors such growth opportunities, growth drivers, restraints, challenges, historical and present trends, and competition landscape of the market for global anticoagulant reversal drugs.
The analysts of the report by TMR have performed the segmentation of the global anticoagulant reversal drugs market based on several crucial parameters such as distribution channel, product, and region. On the basis of distribution channel, the global anticoagulant reversal drugs market is divided into three segments, namely, retail pharmacies, hospital pharmacies, and others. Based on product, the segmentation of the global market is performed into many parts such as vitamin K, prothrombin complex concentrates, tranexamic acid, protamine, AndeXXa, idarucizumab, and others.
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Increasing Prevalence of Cardiac Disorders Fuels Sales Growth in Anticoagulant Reversal Drugs Market
The market is estimated to be driven by rise in the number of people suffering from cardiac disorders. Furthermore, increase in cases of gastrointestinal hemorrhage and intracranial hemorrhage is creating high demand for anticoagulant reversal drugs across the globe. Moreover, surge in the cases of warfarin therapy that need reversal of anticoagulants is fueling the expansion of the market.
In recent years, there is considerable growth in the use of vitamin K in the reversal of warfarin anticoagulation therapy. This factor is boosting the sales prospects in the anticoagulant reversal drugs industry. Furthermore, the market is being driven by several key factors such as increase in focus of players on launching precise drugs intended for reversal of the action of anticoagulants, new technology add-on status (NTAP) provided to specific drugs, and unfulfilled clinical requirements owing to absence of specific drugs for anticoagulant reversal.
Players operating in the anticoagulant reversal drugs market are increasing inclination toward providing their products to hospital pharmacies as compared to other distribution channels. As a result, the hospital pharmacies segment is expected to maintain its dominating position in the forecast period.
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North America to Maintain Leading Position in Anticoagulant Reversal Drugs Industry in Forecast Period
The global anticoagulant reversal drugs market shows presence in many geographical regions including Europe, North America, Latin America, Middle East & Africa, and Asia Pacific. Of them, Europe and North America collectively hold share of over 77% of the global anticoagulant reversal drugs market.
The anticoagulant reversal drugs market in North America is estimated to maintain its dominating position in the forecast period owing to several favorable factors such as increase in new product launches, presence of highly advanced healthcare infrastructure, approval of AndeXXa, and rising focus of regional market players on R&D projects.
Increasing Focus of Enterprises on New Product Launches to Shape Market Expansion
The global anticoagulant reversal drugs market is fragmented in nature. Presence of many small as well as established companies represents the intense competition level in the market. Thus to sustain in this competition, players are using different strategic moves such as mergers, acquisitions, partnerships, and joint ventures. These activities are helping companies to expand their businesses in emerging regions. Furthermore, industry leaders are concentrating on new product launches. These efforts are fueling the growth of the global anticoagulant reversal drugs market.
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Some important companies operating in the anticoagulant reversal drugs market include Pfizer, Inc., Bausch Health Companies, Inc., Amneal Pharmaceuticals, Inc., Fresenius Kabi AG, CSL Limited, Boehringer Ingelheim GmbH, Perosphere Pharmaceuticals, Inc., Portola Pharmaceuticals, Inc., and Octapharma AG.
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