Press release
Key Players in tranexamic acid market include Pfizer, Wockhardt Ltd., FDC Limited, Taicang Pharmaceutical Factory, Asahi Kasei Finechem, Cipla, Taj Pharmaceutical Ltd., Wuhan Xinzekang Chemical Co., Ltd., Vega Pharma Limited, Dalian Richon Chem Co
It is expected that the global demand for tranexamic acid will grow significantly during the forecast period due to its applications in the medical sector. The drug belongs to the category of medications called antifibrinolytic agents. The product is a structural analogue of the amino acid lysine, a whitish crystalline powder soluble in glacial acetic acid and water.
It is expected that the increasing use in various surgeries, including liver, heart and vascular diseases, will open new perspectives for the tranexamic acid market in the next seven years. It is widely used to prevent bleeding after an operation. Tranexamic prevents the dissolution of blood clots and promotes the healing process.
The product has gained importance in the treatment of the skin due to its high clarifying properties. It can be injected intradermally in patients with melasma. In addition, the growing importance of the product to prevent the formation of melanin and avoid grain markings should increase demand during the forecast period.
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Tranexamic Acid Market Drivers and Restraints:
It is expected that the growing demand for the chemical in patients with haemophilia will have a positive impact on the market. In addition, it is expected that the high demand for this chemical in medical cases of excessive bleeding, such as epistaxis and prostatectomy, promotes the market growth. However, it has many side effects that include a change in vision, pain in the chest and legs, low blood pressure and swelling, which can hinder its growth. In addition, the product has limitations in several cases, such as allergies, pregnancy and lactation that might limit the demand in the market over the next few years.
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Geographic Segmentation:
North America should be a lucrative market because of its well-developed pharmaceutical sector and the growing health problems in the US. Europe is having a greater adoption of tranexamic acid to reduce the risk of diseases related to blood loss. It is expected that the increased demand for health products due to the changing habits of consumers and the improvement of living standards will increase the demand for this product in emerging economies, including India, China and Brazil. The United States faces increasing competition from emerging economies such as China, Brazil and India in the medical sector in recent decades due to the growing demand for this product in these regions.
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Key Players In Global Tranexamic Acid Market
Key players in tranexamic acid market include Pfizer, Wockhardt Ltd., FDC Limited, Taicang Pharmaceutical Factory, Asahi Kasei Finechem, Cipla, Taj Pharmaceutical Ltd., Wuhan Xinzekang Chemical Co., Ltd., Vega Pharma Limited, Dalian Richon Chem Co., Ltd., Nanjing Gemsen International Co., Ltd., Taicang Pharmaceutical Factory, Changzhou Hangyu Pharmaceutical Technology Co., Ltd., Hunan Dongting Pharmaceuticals, Yinsheng Pharmaceutical, Mascot Industries, Alembic Ltd., and Hangzhou Lianzheng Chemicals Co., Ltd..
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