Heparin Market 2016 to Outstanding Growth by 2024 With Top Industry Segments Like Type, Applications

The Europe heparin market depicts the presence of a highly consolidated vendor landscape, with leading players such as Aspen, Leo Pharma, Pfizer, and Sanofi accounting for about 65% of the total market shares in 2015, says Transparency Market Research on the basis of recently published report. Of these players, Sanofi was clearly observed to lead the pack by holding a 47.5% share in this market in the same year.
Most players operating in the global Europe heparin market impart notable focus on expanding research and developmental activities, enhancing portfolio management, and participating in acquisitions. A long-term implementation of these key strategies in the market is expected to intensify the competition during the forthcoming years. Most companies working in the Europe heparin market are keen on developing market-specific innovations, thereby highlighting the need for resource allocation.

Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4815

Statistically speaking, the market was valued at US$2.2 bn in 2015, and is further projected to gain revenue worth US$3.5 bn by 2024. Such a slow yet steady growth has been foretold to occur with an expanding CAGR of 5.2% recorded during the forecast period from 2016 to 2024. From an end-user's perspective, hospitals account for maximum utilization of heparin owing to its high requirement during surgeries and associated treatments.

Extensive Demand of Heparin Exists Owing to Rise in Venous Thromboembolism
The heparin market in Europe is mainly driven due to a rising number of coagulation disorders in the form of venous thromboembolism (VTE). These diseases cause nearly half a million deaths worldwide in various regions every year, a number which is even greater than highway accidents, cancer, AIDS, and other deadly diseases. The increasing production of heparin in leading European countries has also driven the market substantially. This is mainly because of several tainted heparin products imported from China and other countries, which has forced for European countries to manufacture their own heparin products.

Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=4815

Heparin supplies contaminated with allergic substances were also found in several European nations, leading to the implementation of strict regulations regarding the use of active pharmaceutical ingredients (APIs). In this way, the heparin market in Europe has witnessed widespread development of crude and API heparin, consequently pushing the market.
Use of Alternatives Hinders Heparin Market's Growth
However, extensive availability of alternative anticoagulants such as warfarin, coumarins, and oral anticoagulants is negatively impacting growth in the global Europe heparin market. Several other alternatives are used such as dabigatran, apixaban, and rivaroxaban, which are also expected to reduce the sales of heparin-based products, thereby negatively affecting the market's growth. Utilization of such anticoagulant alternatives is due to rising concerns existing among consumers, wherein they might get their hands onto contaminated heparin derived from animals.

Request Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4815

Expiry dates of most heparin products are quite short, which also has caused consumers to deviate towards utilizing alternatives having longer shelf lives. Nevertheless, extensive efforts are being taken by major players in the market to produce contaminant-free heparin products having that remain fresh for a considerably long duration. Doing this is expected to greatly offset the restraints.
The above data is collated from a research report released by TMR, titled, "Heparin Market (Product - Low Molecular Weight Heparin, Unfractionated Heparin, and Ultra-low Molecular Weight Heparin; End Applications - Hospitals and Blood and Stem Cell Bank ) - Europe Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016-2024."

Request for covid19 Impact Analysis: https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4815

Key Takeaways:
•The heparin market in Europe is mainly driven due to a rising number of coagulation disorders in the form of venous thromboembolism (VTE).
•Most players operating in the global Europe heparin market impart focus on expanding research and developmental activities, enhancing portfolio management, and participating in acquisitions.

More Trending Reports by Transparency Market Research:

https://www.prnewswire.com/news-releases/pharmacovigilance-market-to-expand-at-cagr-of-8-8-during-forecast-period-observes-tmr-study-301480650.html

https://www.prnewswire.com/news-releases/regenerative-medicine-market-to-gain-valuation-of-us-12-9-bn-by-2028--states-tmr-study-301483969.html

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/

About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

This release was published on openPR.