Ticagrelor Market | Top Key Players:C.H. Boehringer Sohn AG & Ko. KG, Pfizer Inc., Eli Lilly and Company, AstraZeneca plc, Natco Pharma Limited, Anhui Haikang Pharmaceutical Co

Ticagrelor is an antiplatelet drug, used as an agent to reduce stent thrombosis. The major factors influencing growth of the ticagrelor market include high number of patients suffering from heart problems, increasing development of generic drug versions, and improvement in market scenarios. This is attributed to increasing funding for research and development by key players in the market.

Increasing incidence of heart diseases is expected to increase the number of ticagrelor users in the global market, which in turn will propel growth of the ticagrelor market during the forecast period. For instance, according to Centers for Disease Control and Prevention in 2015, about 610,000 people die of heart disease in the U.S. every year and cardiovascular diseases is the major cause of deaths, globally.

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Manufacturers are engaged in intensifying their services by increasing research and development activities for new drug approvals. For instance, in March 2015, U.S. Food and Drug Administration (USFDA) approved Brilinta tablet (ticagrelor) for acute coronary syndrome (ACS) patients who are unable to swallow Brilinta 90 mg tablets as a whole. With this approval, Brilinta was used by crushing tablet and administered in water by swallowing or via nasogastric tube.

Furthermore, in September 2015, USFDA approved Brilinta (ticagrelor) tablets manufactured by AstraZeneca plc, 60mg dose to be used in patients with a history of heart attack. With this expanded indication, Brilinta was approved to reduce the rate of cardiovascular deaths and myocardial infarction.

Moreover, increasing generic drugs approvals is expected to propel growth of the ticagrelor market. For instance, in July 2018, Alembic Pharmaceuticals, received tentative approval from the US FDA for ticagrelor tablets in 90 mg strength, to reduce the rate of cardiovascular deaths and strokes in patients with acute coronary syndrome or a history of myocardial infarction.

Rising prevalence of cardiovascular diseases is attributed to rising geriatric population and changing lifestyles. According to World Health Organization (WHO), around 17.9 million people every year die due to cardiovascular diseases (CVDs), which is about 31% of all global deaths. This is expected to positively impact growth of the ticagrelor market over the next decade. Furthermore, in September 2016, WHO launched the Global Hearts Initiative through which WHO is supporting governments around the world to improve efforts on CVD prevention and control.

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Detailed Segmentation:

Global Ticagrelor Market, By Strength:
60 mg
90 mg
Global Ticagrelor Market, By Indication:
Acute Coronary Syndrome
Ischemic Stroke
Global Ticagrelor Market, By Distribution Channel:
Hospital pharmacies
Retail Pharmacies
Online Pharmacies

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