Global Anticoagulants Market Growth Future Demand, Challenges, Top Companies and Forecast 2030

According to Inkwood Research, the Global Anticoagulants Market is predicted to register a CAGR of 8.42% in terms of revenue during the forecasting years of 2021-2028.
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Anticoagulants, also termed as blood thinners, are characterized as chemical substances responsible for reducing or preventing the coagulation of blood, thereby prolonging the clotting duration. Since anticoagulants help prevent blood clots, they are prescribed to patients with a high risk of developing clots, while declining the chances of severe conditions like strokes and heart attacks.

Technological Advancements Drive Market Growth
Since anticoagulants are prescribed to patients to prevent deep vein thrombosis and pulmonary embolism, anticoagulant therapy directed at developing an effective and ideal anticoagulant has garnered extensive traction. As a result, numerous attempts have been made in order to develop novel anticoagulant delivery systems, over recent years. Recent advancements have also played an essential role in enhancing the clinical safety and efficacy of anticoagulants, while being beneficial across the field of anticoagulant delivery. Moreover, advanced formulations with anticoagulants have also displayed remarkable potential for extended prophylaxis. These newer anticoagulants provide superior therapeutic control over coagulations, with marginal bleeding complications. Hence, technological advancements are crucial in driving anticoagulants market growth.
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Oral Anticoagulants Segment to Lead the Route of Administration Category
Oral anticoagulants are available in the form of a pill or tablet, and are administered orally. This type of anticoagulant involves newer oral anticoagulants (NOACs) and warfarin. Among these drugs, warfarin is the most generally prescribed oral anticoagulant. Besides, they are projected to depict considerable growth over the forecast years, owing to the growing awareness of NOACs and their increased adoption in emerging countries, as well as the rising prevalence of atrial fibrillation. However, the patent expiry of several NOACs, like Xarelto, and the risk factors linked with warfarin, are expected to negatively impact the segment's growth.

North America Harbored the Largest Revenue Share in 2020
The increased levels of awareness regarding novel therapeutics among healthcare professionals and patients, the easy availability of therapeutics, early disease diagnosis, and the extensive presence of hospitals and diagnostic centers, are attributed to the North America anticoagulants market growth. Additionally, favorable reimbursement regulations across healthcare systems, in addition to the increasing prevalence of heart attacks, atrial fibrillation, pulmonary embolism, and deep vein thrombosis, play an important role in driving the region's market growth.
The industrial rivalry is expected to be intense among major players, particularly in the process of developing innovative drugs. The market's pipeline products are also observing a significant increase among key biopharmaceutical firms in multiple countries. Leading companies operating in the global market include, Pfizer Inc, Daiichi Sankyo, Abbott Laboratories, Bayer AG, etc.

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GLOBAL ANTITHROMBOTIC DRUGS MARKET

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