Global Anticoagulants Industry Overview
Anticoagulants prevent the formation of blood clots by inhibiting some factors that cause blood clotting. The group of medicines is known as "blood thinners," and it plays a crucial role in controlling and managing cases related to abnormal blood clotting. It reduces the threat of having blood clots, which may result in serious health disorders like heart attacks, strokes, or DVT.There are anticoagulants such as warfarin, heparin, and new oral medications like rivaroxaban and apixaban. These have been widely applied in patients with atrial fibrillation, a clinical condition that predisposes a patient to stroke. Other commonly applied areas include hip or knee replacements. They are very useful also in the management of patients with pulmonary embolism, DVT, and other thrombotic disorders. Even though effective, anticoagulants tend to bleed if the management is inadequate. Regular blood tests along with the dosages may need to be adjusted to ensure their safe usage.
Growth Drivers of the Anticoagulants Market
Increasing Prevalence of Cardiovascular Diseases
Cardiovascular diseases are the leading cause of death across the globe. Every year, approximately 17.9 million people die from this disease. The key driver for the anticoagulant market is the growing trend of cardiovascular diseases, which include heart attacks, strokes, and atrial fibrillation. These diseases are usually characterized by inappropriate blood clotting; therefore, anticoagulants are crucial in maintaining and preventing further complications. The rising population age and unhealthful lifestyle habits, such as a poor diet and lack of physical activity, also contribute to these issues. The number of patients under anticoagulation therapy is on the rise, and thereby, the demand for anticoagulants also increases. In 2022, 702,880 people died from heart disease, and such deaths accounted for 1 in every 5 deaths.Innovation in Anticoagulant Drugs
Newer drugs have been developed due to technology, which proved more potent than the drugs previously discovered. Unlike traditional anticoagulants like warfarin, newer oral formulations like rivaroxaban and apixaban have the benefits of fewer dietary restrictions, lower monitoring, and fewer complications caused by bleeding. These innovations facilitate improved patient compliance and outcomes, increasing the adoption of anticoagulants in hospital and outpatient settings. The ongoing development of newer, more targeted, and user-friendly forms of anticoagulant treatments supports the overall growth of the market by offering more variety in the management of thrombotic disorders. Three new coagulation tests for Factor Xa inhibitors launched by Roche in February 2024 are part of its contribution to enhancing clinical decisions in prescribing direct oral anticoagulants to avert stroke.Better Health Care Facilities and Enlightenment
Improved health facilities worldwide open up treatment for those suffering from chronic conditions, such as people requiring anticoagulation. Increasing awareness regarding thrombotic diseases, and better diagnostics and treatment options, are encouraging more patients to undergo preventive and therapeutic anticoagulant care. Further, efforts by the healthcare department to educate patients pertaining to the risk of blood clots and the early intervention for the same also contribute towards rising demand for the anticoagulants. Improved access to healthcare in developing markets is also expanding the anticoagulants market worldwide.Canadian Anticoagulants Market
The Canada anticoagulants market is constantly growing due to the high incidence and prevalence of cardiovascular diseases and thrombotic disorders. An aging population increases demand for anticoagulant medication because of incidence of atrial fibrillation, among other conditions. Advanced therapies, including NOACs, have gained popularity because of the advantage of convenience and minimal side effects associated with such drugs in contrast to traditional treatments such as warfarin. Improved healthcare infrastructure and increased awareness about blood clot prevention support the growth of the market. The Canadian market is supported by robust healthcare policies and rapid growth in anticoagulant treatments within hospitals and outpatient settings. In August 2022, Merck, known as MSD outside the US and Canada, announced that the FDA had granted Fast Track designation for its investigational anticoagulant MK-2060 to decrease the risk of major thrombotic cardiovascular events in patients with end-stage renal disease (ESRD).Germany Anticoagulants Market
German anticoagulants market is growing rapidly due to the increasing incidence of cardiovascular diseases, such as atrial fibrillation and deep vein thrombosis. The population is aging, and these incidences trigger a high level of health awareness, which would mainly raise the demand for anticoagulants. Germany provides access to cutting-edge treatments for patients. NOACs are always in demand and preferred by patients for their greater convenience and lower risk of complications as compared with the conventional drugs, such as warfarin. A strong regulatory environment and focus on treatment outcomes further propel this market in the region.China Anticoagulants Market
The China anticoagulants market is growing strongly due to increasing prevalence of cardiovascular diseases, particularly atrial fibrillation and ischemic stroke, which increasingly require anticoagulation therapy. With an aging population and changing lifestyles, the demand for anticoagulant medications tends to increase. The market benefits from drug development, with novel oral anticoagulants gaining in popularity compared with traditional options like warfarin. This growing healthcare infrastructure, improved access to quality treatment, and rising awareness about thrombotic diseases and prevention are further fueling market growth.UAE Anticoagulants Market
The UAE anticoagulants market is growing steadily based on the ever-increasing incidence of cardiovascular diseases such as atrial fibrillation, stroke, deep vein thrombosis, which require anticoagulant therapy. With population aging and lifestyle-related health problems, demand for these medications rises. The increasing availability of NOACs is also emerging as a support for the market. NOACs are more convenient and easier to use as compared to traditional therapies. Advanced healthcare infrastructure and growing awareness of thrombotic diseases in the UAE are promoting the adoption of anticoagulant treatments in the region. AstraZeneca announced the launch of its pioneering cancer medication, IMJUDO® (tremelimumab), in the UAE in June 2023.Drug Class- Industry is divided into 4 viewpoints:
1. Novel Oral Anticoagulants (NOACs)2. Heparin and Low Molecular Weight Heparin (LMWH)
3. Vitamin K Antagonist
4. Others
Route of Administration- Industry is divided into 2 viewpoints:
1. Oral Anticoagulant2. Injectable Anticoagulant
Distribution Channel- Industry is divided into 4 viewpoints:
1. Hospital Pharmacies2. Retail Pharmacies
3. Online Stores
4. Others
Application- Industry is divided into 5 viewpoints:
1. Atrial Fibrillation and Heart Attack2. Stroke
3. Deep Vein Thrombosis (DVT)
4. Pulmonary Embolism (PE)
5. Others
Countries- Industry is divided into 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All companies have been covered with 5 Viewpoints
1. Overviews2. Key Person
3. Recent Developments & Strategies
4. Product Portfolio
5. Financial Insights
Company Analysis
1. Alexion Pharmaceuticals Inc2. Aspen Holdings
3. Bayer AG
4. Bristol-Myers Squibb Company
5. Daiichi Sankyo Company Limited
6. Dr. Reddy’s Laboratories Ltd
7. GlaxoSmithKline plc
8. Johnson & Johnson Private Limited
9. Pfizer Inc.
10. Sanofi
Table of Contents
Companies Mentioned
- Alexion Pharmaceuticals Inc
- Aspen Holdings
- Bayer AG
- Bristol-Myers Squibb Company
- Daiichi Sankyo Company Limited
- Dr. Reddy’s Laboratories Ltd
- GlaxoSmithKline plc
- Johnson & Johnson Private Limited
- Pfizer Inc.
- Sanofi
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | January 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 41.31 Billion |
Forecasted Market Value ( USD | $ 89.5 Billion |
Compound Annual Growth Rate | 8.9% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |