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Global Antithrombin Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

03-16-2023 12:18 PM CET | Health & Medicine

Press release from: Custom Market Insights

Antithrombin Market

Antithrombin Market

The Global Antithrombin Market Size was valued at USD 502.4 million in 2021 and is expected to reach USD 508.32 million in 2022, and is estimated to reach USD 735.12 million by the end of 2030 at a CAGR of approximately 4.8% during the forecast period 2022-2030.

Antithrombin is considered a blood thinner in human blood, which prevents it from clotting. It is a natural component contained in the human blood, which behaves as a thinner to avoid the formation of clots.

It is used during surgical procedures to prevent the blood from clotting and hence maintain the normal blood flow of the individual's body. In cases where this component of antithrombin is found to be low in the body of the individual, it is externally induced during the surgical procedure to maintain the blood viscosity.

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Antithrombin Market: Overview

Lack of antithrombin in the individual's body leads to multiple complications during a surgical procedure and even during the occurrence of local injuries on the individual's body. The blood flow cannot be controlled naturally by the body's system as a result of the failure of the individual's defense mechanism.

Excessive blood flow occurs in such individuals, which emerges as a life-threatening condition for the person. Complicated procedures in the field of surgery, such as cardiopulmonary bypass, utilize the component of antithrombin to oxygenate the extracorporeal membrane of the organ.

The pandemic outbreak significantly impacted the growth of the antithrombin market due to the strict lockdown and restricted movement imposed by the government all over the world.

Antithrombin Market: Growth Drivers

A huge number of people worldwide suffer from this type of deficiency due to the increasing number of high-velocity accidents all over the world. The use of antithrombin has increased to a great extent as a result of this deficiency that is caused in people.

Certain antigen tests are carried out on the individual's body to measure the presence of antithrombin in the blood to avoid further complications during the surgical procedure.

The huge number of people suffering from coagulation disorders has helped the market to record tremendous revenue during the forecast period. Rapidly increasing modernization worldwide has pushed people towards many unnecessary habits such as alcoholism which hampers the function of the liver and shows a tremendous impact on the production of antithrombin.

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The key market players have conducted extensive research and development programs to develop advanced medicines in the market to prevent the deficiency of antithrombin in the body. The hospital sector's huge number of operative procedures has made it a major market for the demand and supply of antithrombin components.

Antithrombin Market: Key Insights

A) Per the analysis shared by our research analyst, the Antithrombin market is estimated to grow annually at a CAGR of around 4.8% over the forecast period (2022-2030).
B)In terms of revenue, the Antithrombin market size was valued at around USD 502.4 Million in 2021 and is projected to reach USD 735.12 Million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
C) The rules and regulations imposed by the government regarding the use and application of various drugs in the healthcare sector have emerged as restraining factors for the growth of the market. Lack of awareness among the people regarding the available facilities and rapid advancements that have taken place in the health care system make them averse to advanced operative procedures.
D) A huge number of people all over the world suffer from acquired antithrombin deficiencies which result from severe diseases in the body. Increasing awareness regarding the available advanced healthcare facilities and systems, which provide a better success rate for operative procedures, has encouraged people to opt for such systems.
E) The occurrence of various anaphylactic reactions in an individual's body from certain externally induced protein factors or blood components emerges as a major challenge for the market's growth. Increasing sensitivity among the people has boosted the number of casualties caused due to reactions during operative procedures.

Press Release For Antithrombin Market: https://www.custommarketinsights.com/press-releases/antithrombin-market/

Antithrombin Market: Regional Landscape

The geographical region of Asia Pacific has emerged as the largest market for the antithrombin component. The huge number of operative procedures carried out in this sector has demanded better products over time. With rapid advancements in the healthcare sector with the help of the government and private organizations, the need for advanced antithrombin components has increased in the market.

The huge number of high-velocity accidents that have taken place all over the world has also boosted the demand for antithrombin to a great extent. Rapid advancements that have taken place worldwide have boosted the number of people driving vehicles, and hence the number of injuries has increased, which require surgical intervention. Embarrassment facilities provided by insurance companies attract potential consumers to opt for such services.

The European nations emerged as the next largest market for antithrombin due to the huge number of surgical procedures carried out in this region's medical sector. Rapid advancements in the healthcare system that have been seen over time have boosted the demand for advanced technologies and antithrombin, which have better efficacy during surgical procedures.

Better reimbursement facilities that have been provided encourage people to opt for advanced technologies and systems that prevent the number of casualties that take place on the operation table. The region of North America has also emerged as a major market for the growth of antithrombin.

Antithrombin Market: Key Players

Lee Biosolutions
Scripps Laboratories
Octapharma AG
LFB USA
rEVO Biologics
Grifols
CSL Ltd
Kedrion

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The Antithrombin Market is segmented as follows:

By Application Type

Research
Therapeutics
Diagnostics

By Source

Goat milk
Human

By Dosage

Liquid
Lyophilized

On the basis of Geography

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin Americ

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CMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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