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Anticoagulant Reversal Drugs Market Growth, Share, Trends and Overview 2023-2028
Anticoagulant Reversal Drugs
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According to our new market research study on "Anticoagulant Reversal Drugs Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Product, and Distribution channel," the market is expected to reach US$ 2,276.54 million in 2027 from US$ 922.55 in 2019; it is estimated to grow at a CAGR of 12.6% from 2020 to 2027. The report highlights trends prevailing in the global anticoagulant reversal drugs market, and the factors governing the market growth.
Based on distribution channel, the anticoagulant reversal drugs market is segmented into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment held the largest share of the market in 2019, and is estimated to register the highest CAGR in the market during the forecast period. Hospital pharmacies offer complex and specialized medicines, which may not be available in a retail pharmacy. It ensures the availability of right medication, in the right dose and at the right time. These factors are expected to contribute to the growth of the market during the forecast period.
The global anticoagulant reversal drugs market growth is mainly attributed to the rising prevalence of atrial fibrillation (AFib) and stroke. However, the high cost of anticoagulant reversal drugs is restricting the market growth.
The report segments global anticoagulant reversal drugs market as follows:
By Product
Prothrombin Complex Concentrates
Vitamin K
Protamine
Tranexamic Acid
Idarucizumab
AndeXXa
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By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Others
Company Profiles
Boehringer Ingelheim International GmbH
Pfizer Inc
Octapharma AG
Amag Pharmaceuticals, Inc
Fresenius Kabi AG
Alexion Pharmaceuticals, Inc. (Portola Pharmaceuticals)
CSL Limited
China Biologic Products, Inc
Grifols, S.A
Shanghai RAAS Blood Products Co., Ltd. and Others
Rise in Prevalence of Atrial Fibrillation (AFib)
Oral anticoagulants are widely used and are highly effective in preventing thromboembolism among AFib patients. However, the use of anticoagulants may lead to bleeding in AFib patients; thus, anticoagulant reversal drugs are used to prevent bleeding.
As per the Centers for Disease Control and Prevention (CDC), in 2018, in the US, AFib was mentioned on around 175,326 death certificates and was the primary cause of death in about 25,845 of those deaths. Additionally, it has also anticipated that 12.1 million people in the US will have AFib by 2030.
Moreover, according to the European Society of Cardiology (ESC), in 2016, 7.6 million people above 65 years of age in the EU had atrial fibrillation and it is expected that the number will increase by 89% to reach 14.4 million by 2060. Similarly, as per the Stroke Association: State of the Nation 2017, more than 1 million people in the UK suffer from atrial fibrillation.
Global Anticoagulant Reversal Drugs Market 2023 Research Report initially provides a basic overview of the industry that covers definition, applications and manufacturing technology, post which the report explores into the international players in the market.
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About US
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.
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