Press release
Antithrombin Is Anticipated to Attract a Revenue of US$704.5 Mn by the End of 2025
The global antithrombin market features a consolidated vendor landscape with the presence of a handful of established players that are scattered in regional and global markets. The market is also characterized by stiff competition with the dominance of a few players that occupy leading revenue base. With the entry of new players in this market, which has ample growth prospects, the competition is likely to heat up.
The global antithrombin market is primarily driven by the widespread use of antithrombin for the treatment of several medical conditions such as hereditary antithrombin deficiency, extracorporeal membrane oxygenation (ECMO), disseminated intravascular coagulation (DIC), and sepsis. The increasing use of antithrombin as a combination therapy with heparin is likely to open immense growth opportunities for this market.
As per a report by Transparency Market Research, the global antithrombin market is likely to clock a CAGR of 5.2% for the forecast period between 2017 and 2025. At this pace, the worldwide market for antithrombin is anticipated to attract a revenue of US$704.5 mn by the end of 2025 from its worth of US$448.2 mn in 2016.
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Therapeutics Most Attractive Application Segment
The report on the global antithrombin market has been assessed on the basis of four categories: application, source, dosage form, and geography. The key application segments of this market are therapeutics, research, and diagnostics. The therapeutics segment stood as the leading contributor holding almost 94.4% of the market in 2016. This is attributed to the therapeutic efficacy of antithrombin for several diseases, and thus have led to the availability of therapeutic antithrombin preparations with approved indication. On the other hand, research based application is gaining traction with rising initiatives of in vitro study and to discover new disease indications.
Based on source, human, goat milk, and others are the segments into which the global antithrombin market is divided in this report. The human segment served the demand to attract a revenue that constituted 88.6% of the overall market in 2016. While the goat milk segment held 7.0% of the market in 2016, the segment is expected to gain market share to account for 9.8% of the overall market by 2025. Goat milk derived antithrombin are currently available in North America and Europe. However, the availability of these products in Asia Pacific and Rest of the World is expected to boost the share of goat milk source segment during the forecast period.
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Depending upon dosage form, the global antithrombin market is bifurcated into lyophilized and liquid. Of them, the lyophilized dosage led the market in 2016. The segment attracted a revenue that constituted almost 95.8% of the market in 2016. This is mainly because majority of therapeutic antithrombin products are available in lyophilized dosage form. On the other hand, the liquid dosage form segment held over 4.2% market share in 2016. Limited use of liquid antithrombin preparations in research and development activities accounts for the low market share of liquid dosage form segment.
Asia Pacific Likely to Hold Handsome Revenue by 2025
Geographically, the report has been segmented into five regions: North America, Asia Pacific, Europe, Latin America, and the Rest of the World. Powered by the U.K. and Germany, Europe held the commanding position in 2016 holding more than 38% of the overall market. The growth of this region is attributed to significant adoption of antithrombin therapies on the back of high awareness, early availability of advanced technologies, significant increment in national healthcare budgets, and extensive research initiatives.
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North America stood as the second-leading market for antithrombin in 2016 accounting for almost 21.2% market share.
However, Asia Pacific is expected to display the leading growth rate of 6.3% for the forecast period of 2017 to 2025.
Leading players in the global antithrombin market include rEVO Biologics Inc., Grifols, Shire plc., CSL Limited, Kedrion S.p.A., Lee Biosolutions, and Scripps Laboratories Inc.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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