Clopidogrel Market Growth Drivers, Opportunities, Share Report And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Clopidogrel Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The clopidogrel market size has grown rapidly in recent years. It will grow from $10.76 billion in 2023 to $11.87 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to increased use of generic products, government initiatives for healthcare, increased use of clopidogrel in hospitals, increased use of clopidogrel in retail pharmacies, increased use of clopidogrel in emerging markets.

The clopidogrel market size is expected to see rapid growth in the next few years. It will grow to $17.78 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to rise in geriatric population, increasing awareness of cardiovascular health, growing healthcare expenditure, increasing focus on cardiovascular health, growing demand for effective cardiovascular treatments. Major trends in the forecast period include advancements in new technology, demand for cardiovascular medications, advancements in medical research, demand for antiplatelet medications, use of clopidogrel in combination with aspirin.

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Market Drivers and Trends:

The rising cardiovascular disease is expected to propel the growth of the clopidogrel market going forward. Cardiovascular diseases refer to a range of conditions that affect the heart's structure or function, leading to impaired blood flow, abnormal heart rhythms, or other cardiovascular complications. The rising cardiovascular diseases are due to population growth and aging, lifestyle factors, stress and inactivity, healthcare system challenges, and genetic and environmental factors. Clopidogrel helps prevent cardiovascular diseases by inhibiting platelet aggregation, reducing the risk of clot formation. It is particularly beneficial in managing acute coronary syndromes, post-PCI care, stroke prevention, and peripheral arterial disease. For instance, in May 2022, according to the Centers for Disease Control and Prevention, a US-based governmental organization, the prevalence of coronary heart disease among adults aged 18 and over stood at 4.6% in 2020, experiencing a slight uptick to 4.9% in 2021. Therefore, increasing heart disease is driving the growth of the clopidogrel market.

Driving Growth The Rising Prevalence Of Peripheral Artery Diseases Fuels The Clopidogrel Market

The increasing prevalence of peripheral artery diseases is expected to propel the growth of the clopidogrel market going forward. Peripheral artery disease (PAD) is a circulatory condition characterized by the narrowing or blockage of arteries outside the heart and brain. The increasing prevalence of peripheral artery diseases is due to smoking, the aging population, hypertension, and diabetes. Clopidogrel is crucial in managing peripheral artery disease by inhibiting platelet aggregation and reducing the risk of blood clot formation. It leads to improved circulation, reduced symptoms of PAD, and a lower risk of severe complications such as acute limb ischemia and cardiovascular events. For instance, in July 2023, according to the Society For Cardiovascular Angiography And Interventions, a US-based organization, PAD affects 8-10 million Americans each year, and it is estimated that 19 million Americans will have PAD by 2050. Therefore, the increasing prevalence of peripheral artery diseases drives the clopidogrel market.

Major companies operating in the clopidogrel market are focused on developing innovative drugs such as Plavix (clopidogrel) to improve efficacy, reduce adverse effects, enhance patient compliance, and address the issue of clopidogrel resistance. Plavix (clopidogrel) is a vital medication in preventing and managing thrombotic cardiovascular events that inhibits platelet aggregation. It reduces the risk of heart attacks, strokes, and other clot-related complications in high-risk patients. For instance, in February 2021, Sanofi S.A., a France-based pharmaceutical company, launched Plavix (clopidogrel), which the European Commission approved. This new indication allows for the use of Plavix in combination with aspirin for 21 days, followed by long-term single antiplatelet therapy, in patients who have experienced a moderate to high-risk TIA (ABCD2 score =4) or minor Ischemic Stroke (NIHSS =3) within 24 hours of the event. Plavix is an antiplatelet medication that prevents platelets in the blood from clumping together and forming clots.

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Major Key Players of the Market:

Johnson & Johnson, F. Hoffmann-La Roche AG, Merck & Co. Inc., Bayer AG, Sanofi SA, Novartis AG, AstraZeneca Plc, Bristol-Myers Squibb, GlaxoSmithKline Plc, Takeda Pharmaceutical Company Limited, Eli Lilly & Company, Daiichi Sankyo Company Ltd., Sun Pharmaceutical Industries Ltd., Boehringer Ingelheim International GmbH, Aurobindo Pharma, Dr. Reddy's Laboratories Ltd., Torrent Pharmaceuticals GmbH, Cipla Inc., Apotex Inc., Intas Pharmaceuticals Ltd., Amneal Pharmaceuticals Inc., Lupin Limited, Glenmark Pharmaceuticals, Zydus Cadila Healthcare Ltd., Alkem Laboratories Ltd.

Clopidogrel Market 2024 Key Insights:

• The clopidogrel market size is expected to see rapid growth in the next few years. It will grow to $17.78 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• Rising Cardiovascular Disease Cases Fueling Growth In Clopidogrel Market
• Companies Revolutionize Clopidogrel Market With Enhanced Therapies And Personalized Medicine
• North America was the largest region in the clopidogrel market in 2023

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