Press release
Driving Heparin Market Growth in 2025: The Role of Rising Prevalence Of Chronic Diseases Fueling The Heparin Market
Heparin Market Size
Heparin Market Size Growth Forecast: What to Expect by 2025?
In the recent past, the heparin market has witnessed robust expansion. The size of the market is projected to surge from $9.75 billion in 2024 to $10.33 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%. This significant growth during the historic period is a result of several factors, including the rising occurrence of cardiovascular conditions, developments in surgical processes which necessitate anticoagulation, an increase in the elderly population, a growing number of deep vein thrombosis cases, as well as broader applications in renal dialysis.
How Will the Heparin Market Size Evolve and Grow by 2029?
The heparin market is anticipated to witness robust growth in the ensuing years, expanding to $13.91 billion by 2029 at a compound annual growth rate of 7.7%. This growth during the forecasting period is attributable to factors such as increasing demand for low-molecular-weight heparin, wider utilization of heparin in cancer treatment, rise in the occurrences of venous thromboembolism, progress in biosynthetic heparin, and the growth of emerging markets. Key trends during this period include advancements in heparin manufacture technology, increased focus on producing safer and more bioavailable heparin, the incorporation of digital technologies in administering heparin, acceptance of biosimilars, and the investigation of heparin alternatives and substitutes.
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What Drivers Are Propelling the Growth of Heparin Market Forward?
The surge in chronic illnesses plays a significant role in powering the heparin market's expansion. Long-term medical conditions necessitating continuous healare service or specialist hospitalization are what entail chronic diseases. Chronic diseases result from factors including shifting lifestyles, patterns, and poor body weight management, and some of these conditions can lead to an elevated risk of cancer over time. The rising battle against these diseases has elevated the need for heparin, a common component in blood-thinning preparations used during surgeries and other medical procedures. The World Health Organization (WHO) and a US diabetes group confirmed in April 2023, for example, that an estimated 537 million adult individuals between the ages of 20-79 are currently living with diabetes worldwide. It's forecasted that these numbers could escalate to 643 million by 2030 and move further up to 783 million by 2045. In view of this, the escalating incidence of chronic illnesses is indeed propelling the heparin market's growth.
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Which Emerging Trends Are Transforming the Heparin Market in 2025?
Leading corporations in the heparin market are intent on developing innovative solutions to boost drug effectiveness, enhance safety measures, and lessen side effects. Part of their strategy also includes investigating advanced drug delivery techniques and biosimilar development to cater to the increasing global needs. The Heparin Sodium Chloride Injection is a sterile blend of heparin, a type of anticoagulant or blood thinner, and sodium chloride, which is typically used for osmotic balance and stability of the solution. As an illustration, B. Braun Medical Inc., a medical company based in the U.S., in February 2024, unveiled its Heparin Sodium 2,000 Units in 0.9% Sodium Chloride Injection. This product, which comes in a 1,000 mL EXCEL IV container with a concentration of 2 units/mL, is the latest addition to B. Braun's Heparin portfolio. It was developed with the aim of fulfilling the varying needs of healare institutions for this vital anticoagulant medication.
What Are the Key Segments in the Heparin Market?
The heparin market covered in this report is segmented -
1) By Product: Unfractionated Heparin, Low Molecular Weight Heparin (LMWH), Ultra-Low Molecular Weight Heparin (ULMWH)
2) By Source: Bovine, Porcine
3) By Route of Administration: Intravenous, Subcutaneous
4) By Application: Venous Thromboembolism, Atrial Fibrillation, Renal Impairment, Coronary Artery Disease, Other Applications
5) By Distribution Channel: Hospital Pharmacies, Drug Stores And Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Unfractionated Heparin: Injectable Formulations, Intravenous (IV) Solutions
2) By Low Molecular Weight Heparin (LMWH): Enoxaparin, Dalteparin, Tinzaparin
3) By Ultra-Low Molecular Weight Heparin (ULMWH): Specific Formulations For Specialized Therapies
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Who Are the Key Players Shaping the Heparin Market's Competitive Landscape?
Major companies operating in the heparin market include Baxter International Inc., B. Braun Medical Inc., Dr. Reddy's Laboratories Ltd., Fresenius SE & Co. KGaA, Leo Pharma A/S, Aspen Pharmacare plc, Bioiberica SA, Biomedical Foa Group, Biovet SA, Changzhou Qianhong Bio-pharma Co. Ltd., CSPC NBP Pharmaceutical Co. Ltd., Intas Pharmaceuticals Ltd., Nanjing King-friend Biochemical Pharmaceutical Co. Ltd., Opocrin Pharmaceuticals Ltd., Pfizer Inc., Pharma Action Ltd., Rovi Pharma Industrial Services Ltd., Sagent Pharmaceuticals Inc., Sanofi S. A., Shenzhen Hepalink Pharmaceutical Co. Ltd., Sichuan Deebio Pharmaceutical Co. Ltd., Teva Pharmaceuticals Industries Ltd., VAV Life Sciences Inc., Viatris Inc., Wanbang Biopharmaceuticals Co. Ltd., Wockhardt Ltd., Xinbai Pharmaceuticals Co. Ltd., Yino Pharma Co. Ltd.
What Geographic Markets Are Powering Growth in the Heparin Market?
North America was the largest region in the heparin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heparin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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