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Impact Of Chronic Disease Prevalence On The Market: Strengthening the Growth Trajectory of the Peptide And Anticoagulant Drugs Market
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Peptide And Anticoagulant Drugs Market Through 2025?
The market for peptide and anticoagulant drugs has experienced substantial growth in the last few years. Its projected progression is from $1.41 billion in 2024 to $1.54 billion in 2025, which corresponds to a compound annual growth rate (CAGR) of 9.6%. The historic growth trend is associated with factors such as enhanced healthcare spending, increased investments in healthcare, an expanding market liberalization, a surge in the global count of infected patients, and a rise in the prevalence of genetic ailments.
What's the Projected Size of the Global Peptide And Anticoagulant Drugs Market by 2029?
Expectations suggest a robust expansion in the peptide and anticoagulant drugs market in the imminent years. The prediction is a surge to $2.25 billion in 2029, with a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this projected growth during the forecast period include the elevated incidence of chronic illnesses, an aging populace, increased cancer occurrences, growth in emerging markets, and an intensified impact of cardiovascular diseases. Anticipated trends within this period encompass progression in biotechnology, innovations in drug delivery technology, enhancements in diagnostic methods, advancements in pharmacology, along with the development of anticoagulant merchandise.
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Top Growth Drivers in the Peptide And Anticoagulant Drugs Industry: What's Accelerating the Market?
The peptide and anticoagulant drugs market is anticipated to expand due to the increasing occurrence of chronic diseases. Chronic diseases are long-lasting medical conditions that continue over a prolonged period, often for many years or sometimes even a lifetime. Factors such as aging populations, unhealthy lifestyles, and a higher incidence of risk factors like obesity, hypertension, and diabetes all contribute to the rising prevalence of chronic diseases. To manage chronic diseases like cardiovascular ailments, thrombosis, and stroke, peptide and anticoagulant drugs are used. These drugs work by preventing blood clots and focusing on particular disease pathways for enhanced patient results. For instance, a report published by the US-based government organization, Centers for Disease Control and Prevention, in May 2023, disclosed there were 695,547 heart disease and cancer deaths in 2022, a notable rise from 605,213 in 2021. Consequently, the rapidly increasing incidence of chronic diseases is fueling the growth of the peptide and anticoagulant drugs market.
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What Are the Key Trends Driving Peptide And Anticoagulant Drugs Market Growth?
Leading firms in the peptide and anticoagulant drugs market are concentrating on refined anticoagulant treatments such as oral anticoagulants. These developments aim to amplify effectiveness, boost patient adherence, and lessen bleeding complication risks. Oral anticoagulants are drugs ingested orally to hinder blood clot formation by suppressing clotting elements in the bloodstream. For example, US pharmaceutical company Cadrenal Therapeutics Inc. achieved Orphan Drug Designation (ODD) in April 2024 from the U.S. Food and Drug Administration (FDA) for their late-phase oral anticoagulant, tecarfarin. This novel, reversible anticoagulant is expected to minimize heart attack, stroke, and blood clot-related mortality risks for patients with rare cardiovascular diseases. The application of ODD is particularly appropriate for preventing thromboembolism and thrombosis in people with implemented mechanical circulatory support machinery such as left ventricular, right ventricular, ventricular, biventricular assist devices, and total synthetic hearts.
What Are the Main Segments in the Peptide And Anticoagulant Drugs Market?
The peptide and anticoagulant drugs market covered in this report is segmented -
1) By Type: Hormonal, Antibiotic, Ace Inhibitor, Antifungal, Other Types
2) By Route Of Administration: Oral, Injectable, Other Routes Of Administration
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels
4) By Application: Infectious Diseases, Gynecology, Cancer, Diabetes, Cardiology, Osteoporosis, Other Applications
5) By End-users: Hospitals, Specialty Clinics, Homecare, Other End-users
Subsegments:
1) By Hormonal: Peptide Hormones, Steroid Hormones, Thyroid Hormones, Other Hormones
2) By Antibiotic: Beta-Lactams, Macrolides, Tetracyclines, Fluoroquinolones, Other Antibiotics
3) By ACE Inhibitor: Captopril, Enalapril, Lisinopril, Ramipril, Other ACE Inhibitors
4) By Antifungal: Azoles, Echinocandins, Polyenes, Allylamines, Other Antifungals
5) By Other Types: Immunosuppressants, Antineoplastic Agents, Cardiovascular Drugs, Other Peptide And Anticoagulant Drugs
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Which Top Companies are Driving Growth in the Peptide And Anticoagulant Drugs Market?
Major companies operating in the peptide and anticoagulant drugs market are Pfizer Inc., Merck & Co. Inc., Bayer AG, F. Hoffmann-La Roche Ltd, Sanofi S.A., Abbott Laboratories, Novartis AG, Novo Nordisk A/S, Viatris Inc., Baxter International Inc., Boehringer Ingelheim International GmbH, Sun Pharmaceutical Industries Limited, Bachem Holding AG, Bharat Serums and Vaccines Limited, Wockhardt Limited, AmbioPharm Inc., MITS Healthcare Private Limited, Siddha Pharmacy, Circle Pharma Inc., Tenwel Pharmaceuticals Pvt. Ltd.
Which Regions Will Dominate the Peptide And Anticoagulant Drugs Market Through 2029?
North America was the largest region in the peptide and anticoagulant drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the peptide and anticoagulant drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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