Heparin Market by Product Type, Source, Application, and Geography - Global Forecast

The heparin market refers to the global market for the anticoagulant medication known as heparin. Heparin is used to prevent blood clots in patients with a variety of conditions, including deep vein thrombosis, pulmonary embolism, and heart attacks. It is also used during surgeries and dialysis procedures to prevent blood clots from forming.

the global Heparin Market was pegged at $6.53 billion in 2020, and is expected to reach $11.01 billion by 2028, growing at a CAGR of 6.6% from 2021 to 2028. The market is driven by several factors, including an aging population, increasing incidence of venous thromboembolism (VTE), and rising demand for anticoagulant therapies.

Heparin is available in different forms, including unfractionated heparin (UFH) and low molecular weight heparin (LMWH). The LMWH segment is expected to grow at a faster rate due to its better safety profile and convenience of administration.

Geographically, North America and Europe are the largest markets for heparin due to high incidence of VTE and strong healthcare infrastructure. The Asia Pacific region is expected to experience significant growth due to the rising incidence of VTE and increasing healthcare expenditure in countries like China and India.

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Covid-19 scenario:

The heparin market witnessed a modest growth during the pandemic due to rise in use of low molecular weight heparin for Covid-19 treatment.

A large number of patients are suffering from Covid-19 which is linked to respiratory disease. The demand for heparin has increased as it helps to control respiratory inflation and acts as a blood thinner.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟐𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/checkout-final/65389ecade2e828b5f0257a9400454b8

The global heparin market is segmented on the basis of product, application, distribution channel, and region. Based on product, the low molecular weight heparin segment held the lion's share in 2020, accounting for more than four-fifths of the market. Moreover, the segment is expected to register the highest CAGR of 6.9% during the forecast period.

On the basis of application, the venous thromboembolism segment dominated in 2020, contributing to more than two-fifths of the market. However, the coronary artery disease segment is expected to manifest the highest CAGR of 7.3% from 2021 to 2028.

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The global heparin market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to portray the highest CAGR of 7.8% during the forecast period. However, the market across Europe held the largest share in 2020, accounting for nearly half of the market.

The global heparin market includes an in-depth analysis of the prime market players such as B. Braun Holding GmbH & Co. KG, Baxter International Inc., Fresenius SE & Co KGaA, Dr. Reddy's Laboratories Ltd., Leo Pharma A/S, Hebei Changshan Biochemical Pharmaceutical Co., Ltd., Pfizer Inc., Sanofi S.A, Teva Pharmaceuticals, and Viatris Inc.

Key Benefits For Stakeholders

The study provides an in-depth analysis of the global heparin market along with the current trends and future estimations to explain the imminent investment pockets.

A comprehensive analysis of the factors that drive and restrict the heparin market growth is provided in the report.

Comprehensive quantitative analysis of the industry from 2020 to 2028 is provided to enable the stakeholders to capitalize on the prevailing heparin market opportunities.

Extensive analysis of the key segments of the industry helps to understand the application and products of heparin used across the globe.

Key market players and their strategies have been analyzed to understand the competitive outlook of the market.

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