Press release
Advancing Blood Clot Prevention: Low Molecular Weight Heparin Market 2024
As per the report, the low molecular weight heparin market size has grown strongly in recent years. It will grow from $4.42 billion in 2023 to $4.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The low molecular weight heparin market size is expected to see strong growth in the next few years. It will grow to $7.09 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
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Impact Of Increased Blood Disorders On The Low Molecular Weight Heparin Market
The increased prevalence of blood disorders is expected to propel the growth of the low molecular weight heparin market going forward. Blood disorders refer to a range of conditions affecting the components of blood, such as red blood cells, white blood cells, platelets, and plasma proteins. These disorders, including anemia, hemophilia, and thrombosis, can impact individuals of all ages and demographics. The rise in blood disorders can be attributed to factors such as aging populations, improved diagnostic techniques, and increased exposure to environmental risk factors. Low molecular weight heparin is used in blood disorders to prevent and treat thromboembolism by inhibiting clot formation. For instance, in May 2024, according to the Leukemia Foundation, an Australia-based non-governmental organization, it is expected that 19,403 Australians will be newly diagnosed with blood cancer, such as leukemia, lymphoma, and myeloma, in 2022. This is equivalent to 53 people per day, or one person every 27 minutes. Currently, around 135,000 people in Australia are living with a blood cancer or blood disorder. By 2035, this number is projected to exceed 275,000. Therefore, the increased prevalence of blood disorders is driving the growth of the low molecular weight heparin market.
Novel Developments In Heparin With Low Molecular Weight Preservative-Free Prefilled Syringes
Major companies operating in the low molecular weight heparin market are focusing on innovative solutions, such as preservative-free prefilled syringes, to enhance safety and convenience for patients. Preservative-free prefilled syringes refer to those pre-filled with the anticoagulant medication enoxaparin, devoid of preservatives, ensuring safety and efficacy. It minimizes the potential for allergic reactions, providing a safer option for patients requiring anticoagulant therapy. For instance, in June 2023, Techdow USA Inc., a US-based generic injectable company, introduced 30 milligrams (mg), 40 mg, 60 mg, 80 mg, 100 mg, 120 mg, and 150 mg strengths of generic enoxaparin sodium (preservative-free) prefilled syringes for the prevention of thrombosis. Its generic version of Lovenox, a low-molecular-weight heparin used to prevent and treat blood clots, is expected to be more affordable, improve efficacy, increase accessibility, and enhance patient care.
The low molecular weight heparin market covered in this report is segmented -
1) By Product Type: Enoxaparin, Dalteparin, Tinzaparin, Fraxiparine, Nadroparin, Other Product Types
2) By Packaging: Multi-Vials, Prefilled Syringes
3) By Application: Deep Vein Thrombosis, Acute Coronary Syndrome, Pulmonary Embolism, Other Applications
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Major companies operating in the low molecular weight heparin market are Pfizer Inc., Sanofi SA, Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Cipla Inc., Apotex Inc., Intas Pharmaceuticals Ltd, Hikma Pharmaceuticals PLC, Dr. Reddy's Laboratories Ltd., Lupin Limited, Alkem Laboratories Limited, Torrent Pharmaceuticals Ltd., Emcure Pharmaceuticals Limited, Biocon Limited, Aspen Pharmacare Holdings Limited, Ajanta Pharma Ltd., Zydus Pharmaceuticals, Gland Pharma Limited, Beximco Pharmaceuticals Ltd
Contents of the report:
1. Executive Summary
2. Low Molecular Weight Heparin Market Report Structure
3. Low Molecular Weight Heparin Market Trends And Strategies
4. Low Molecular Weight Heparin Market - Macro Economic Scenario
5. Low Molecular Weight Heparin Market Size And Growth
…..
27. Low Molecular Weight Heparin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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