Heparin Market Precise Analysis on Business Overview, Product Scope And Ongoing Market Development 2025
The global market for heparin is expected to expand at a sturdy CAGR of 6.20% over the period between 2017 and 2025, finds Transparency Market Research (TMR). The global market was valued at US$10.1 bn in 2017 and is expected to accumulate revenues worth US$16.3 bn by 2025-end.
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Rising Incidence of Thromboembolic Disorders Drives Demand
The pharmaceutical industry has been growing at a starry rate over the past decade, and this has given an impetus to the growth of the global market for heparin. Heparin is most commonly used to treat coagulation of blood, and the rising incidence of such disorders could give an impetus to the global market. Furthermore, thromboembolic disorders have also become more common than a few years ago. This is also an important standpoint with regards to the growth of the global market for heparin. The food and drug administration (FDA) of the United States has also stipulated several regulations that have favored the growth of the global market for heparin. It is anticipated that the market for heparin would tread along a positive growth track due to the efforts of governments and the pharmaceutical industry.
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Adverse Effects of Heparin to Hamper Growth
The global market for heparin is reaping benefits from the advancements in the pharmaceutical industry, but limited bioavailability of heparin is projected to hamper market growth. Furthermore, heparin is also believed to have side effects for humans, which is another hindrance to market growth. Protamine sulfate can be used as a substitute for heparin, thus, blocking the growth of the global market for heparin.
The review is based on TMR’s research report titled “Heparin Market (Product – Unfractionated Heparin (UFH), Low Molecular Weight Heparin (LMWH), and Ultra-low Molecular Weight Heparin (ULMWH); Source – Bovine and Porcine; Formulation – Oral and Parenteral) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017- 2025”
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.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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