Anticoagulant Reversal Drugs Market is expected to reach US$ 2,276.54 Mn by 2027


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Uploaded on Jul 21, 2021

Anticoagulant Reversal Drugs Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Prothrombin Complex Concentrates, Vitamin K, Protamine, Tranexamic Acid, Idarucizumab, and AndeXXa), and Distribution channel (Hospital Pharmacies, Retail Pharmacies, and Others) and Geography.

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Anticoagulant Reversal Drugs Market is expected to reach US$ 2,276.54 Mn by 2027

Anticoagulant Reversal Drugs Market The anticoagulant reversal drugs market is expected to reach US$ 2,276.54 million by 2027 from US$ 922.55 million in 2019; the market is estimated to grow at a CAGR of 12.6% from 2020 to 2027. Current and future Market Scenario  Anticoagulant reversal drugs are required to reverse the effect of anticoagulation in certain situations such as unplanned surgery, overdose of anticoagulant therapy, and uncontrolled bleeding. Anticoagulant reversal drugs are used in medical conditions such as venous thromboembolism, atrial fibrillation (AF), mechanical valve replacement, and other coagulation disorders such as antiphospholipid antibody syndrome and Factor V Leiden. The growth of the anticoagulant reversal drug market growth is mainly attributed to the factors such as rising prevalence of atrial fibrillation (AFib) and stroke. However, the high cost of anticoagulant reversal drugs is restricting the market growth.  According to our new market research study on “Anticoagulant Reversal Drugs Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product, and Distribution channel,” the market is expected to reach US$ 2,276.54 million in 2027 from US$ 922.55 in 2019; it is estimated to grow at a CAGR of 12.6% from 2020 to 2027. The report highlights trends prevailing in the global anticoagulant reversal drugs market, and the factors governing the market growth. Current and future Market Scenario  Based on distribution channel, the anticoagulant reversal drugs market is segmented into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment held the largest share of the market in 2019, and is estimated to register the highest CAGR in the market during the forecast period. Hospital pharmacies offer complex and specialized medicines, which may not be available in a retail pharmacy. It ensures the availability of right medication, in the right dose and at the right time. These factors are expected to contribute to the growth of the market during the forecast period.  The global anticoagulant reversal drugs market growth is mainly attributed to the rising prevalence of atrial fibrillation (AFib) and stroke. However, the high cost of anticoagulant reversal drugs is restricting the market growth.  Boehringer Ingelheim International GmbH; Pfizer Inc; Octapharma AG; Amag Pharmaceuticals, Inc; Fresenius Kabi AG; Alexion Pharmaceuticals, Inc. (Portola Pharmaceuticals); CSL Limited; China Biologic Products, Inc; Grifols, S.A; and Shanghai RAAS Blood Products Co., Ltd are among the key companies in the anticoagulant reversal drugs market. Key Findings Market Insights Rise in Prevalence of Atrial Fibrillation (AFib)  Oral anticoagulants are widely used and are highly effective in preventing thromboembolism among AFib patients. However, the use of anticoagulants may lead to bleeding in AFib patients; thus, anticoagulant reversal drugs are used to prevent bleeding.  As per the Centers for Disease Control and Prevention (CDC), in 2018, in the US, AFib was mentioned on around 175,326 death certificates and was the primary cause of death in about 25,845 of those deaths. Additionally, it has also anticipated that 12.1 million people in the US will have AFib by 2030.  Moreover, according to the European Society of Cardiology (ESC), in 2016, 7.6 million people above 65 years of age in the EU had atrial fibrillation and it is expected that the number will increase by 89% to reach 14.4 million by 2060. Similarly, as per the Stroke Association: State of the Nation 2017, more than 1 million people in the UK suffer from atrial fibrillation. Thus such high prevalence of atrial fibrillation across the world is likely to favor the growth of the market. Key Findings Product-Based Insights  Based on product, the anticoagulant reversal drugs market is segmented into prothrombin complex concentrates, vitamin k, protamine, tranexamic acid, idarucizumab, and AndeXXa. The prothrombin complex concentrates segment held the largest share of the market in 2019; whereas, the AndeXXa segment is estimated to register the highest CAGR in the market during the forecast period. Prothrombin complex concentrates are widely used as a reliable and fast alternative to fresh frozen plasma and controls excessive bleeding. Distribution channel-Based Insights  Based on distribution channel, the anticoagulant reversal drugs market is segmented into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment held the largest share of the market in 2019, and is estimated to register the highest CAGR in the market during the forecast period. Key Findings Strategic Insights  Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios. Collaboration is one of the major strategies adopted by the anticoagulant reversal drug market players to enlarge customer base worldwide, which also permits them to maintain their brand name globally.  Download PDF Brochure @ https://www.theinsightpartners.com/sample/TIPRE00004954/ Key Findings Market Segments By Product By Product by Distribution Channel • Prothrombin Complex • Tranexamic Acid • Hospital Pharmacies Concentrates • Idarucizumab • Retail Pharmacies • Vitamin K • AndeXXa • Others • Protamine By Geography North America Asia Pacific South America • US • China • Brazil • Canada • India • Argentina • Mexico • South Korea • Rest of South America • Japan Europe • Australia • Rest of Asia Pacific • France • Germany Middle East & Africa • Italy • UK • South Africa • Spain • Saudi Arabia • Rest of Europe • UAE • Rest of Middle East and Africa Leading Players Company Profiles • Boehringer Ingelheim International GmbH • Pfizer Inc • Octapharma AG • Amag Pharmaceuticals, Inc • Fresenius Kabi AG • Alexion Pharmaceuticals, Inc. (Portola Pharmaceuticals) • CSL Limited • China Biologic Products, Inc • Grifols, S.A • Shanghai RAAS Blood Products Co., Ltd. REASONS TO BUY • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the anticoagulant reversal drugs market. • Highlights key business priorities in order to assist companies to realign their business strategies. • The key findings and recommendations highlight crucial progressive industry trends in the global anticoagulant reversal drugs market, thereby allowing players across the value chain to develop effective long-term strategies. • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it. • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution. Anticoagulant Reversal Drugs Market Access Full Research Report at: https://www.theinsightpartners.com/reports/anticoagulant-reversal-dru gs-market/ Thank You! Thank You!