The global heparin market size was valued at USD 6.9 billion in 2020 and is anticipated to expand at a CAGR of 1.5% during the forecast period, 2021-2028. The growth of the market is attributed to the rising number of accidents along with their related surgeries and the increase in number of cardiovascular disorders & venous thromboembolism.
Heparin is a blood thinner medication used as an anticoagulant specifically used in the diagnosis of unstable angina and heart attacks. Heparin is normally injected into the patient’s vein or through the skin. They can be used for the treatment of blood clotting disorders. They can also be used in the prevention of blood clots during surgery, during blood transfusions, during dialysis, when collecting blood samples and when a person is paralyzed for long periods of time. Other applications include kidney dialysis machines and test tubes for their storage. According to the World Health Organization or the WHO along with the Centers for Disease Control and Prevention or the CDC, more than 900,000 people living in the United States of America have been affected by pulmonary embolism and deep vein thrombosis in 2018 and this will increase exponentially after the COVID-19 pandemic. The preliminary examination to treat these diseases is done with the help of heparin.
The COVID-19 pandemic has reduced the growth of the global heparin market initially. Researchers and scientists were not able to recognize the co-relation between the coronavirus and heparin. However, upon further research, they were able to identify that heparin can used for vaccination purposes against the coronavirus. This steered to hospitals, clinics, and healthcare laboratories to focus more on the development of heparin for the prevention and treatment of diseases and this led to its market growth in the later stages of the COVID-19 pandemic.
The report on the global heparin market size includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Heparin Market Size - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Low Molecular Weight Heparin, Ultra-Low Molecular Weight Heparin, and Unfractionated Heparin), Administrations (Intravenous and Subcutaneous), Applications (Venous Thromboembolism, Atrial Fibrillation, Renal Impairment, Coronary Artery Disease, and Others), End-Users (Outpatient and Inpatient) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast |
Key Players Covered in the Report |
GlaxoSmithKline plc; Pfizer Inc; Baxter; Leo Pharma A/S; Sanofi; Dr. Reddy’s Laboratories Ltd; Aspen Holdings; B. Braun Medical Inc; Fresenius SE & Co KGaA; and Teva Pharmaceuticals Industries Ltd |
Based on types, the global heparin market is segmented into low molecular weight heparin, ultra-low molecular weight heparin, and unfractionated heparin. The low molecular weight heparin segment is expected to constitute the major share of the market in 2019 due to the more predictable and reliable anticoagulant effect with respect to the product. There has also been low incidence towards heparin induced thrombocytopenia which in turns increases the usage of low molecular weight heparin.
Meanwhile the ultra-low molecular weight heparin segment is anticipated to grow with a significant CAGR during the forecast period, 2021-2028. The major reason attributing to this market growth is the commercialization of these products along with improved pharmaceutical effects.
Based on administrations, the global heparin market is bifurcated into intravenous and subcutaneous. The subcutaneous segment is expected to constitute the major share of the market in 2019 and is anticipated to grow with a significant CAGR during the forecast period, 2021-2028 due to the lower costs associated to the patient’s hospitalization. This is also advantageous from the patient’s perspective owing to the increase preference in home care, reduced duration of diagnosis, and the ease in administration.
On the basis of applications, the global heparin market is divided into venous thromboembolism, atrial fibrillation, renal impairment, coronary artery disease, and others. The coronary artery disease segment is expected to constitute the major share of the market in 2019. The major reason attributing to this market growth is the rising incidences of multiple heart-related diseases and disorders. One in every three American dies due to cardiovascular diseases and the coronary artery disease falls in this category.
Meanwhile the venous thromboembolism segment is anticipated to grow with a significant CAGR during the forecast period, 2021-2028. There has been a significant increase in the awareness of thrombosis and the treatment using heparin. There has also been websites and blogs specifically dedicated to these disorders and the preventive measures to take as well.
Based on end-users, the global heparin market is bifurcated into outpatient and inpatient. The outpatient segment is expected to constitute the major share of the market in 2019 and is anticipated to grow with a significant CAGR of 2.3% during the forecast period, 2021-2028 due to the lower cost of outpatients compared to that of inpatients. The efficacy for outpatients is also high and with research and development activities, this can only go higher from here.
On the basis of regions, the global heparin market is categorized as Asia Pacific, North America, Latin America, Europe and Middle East & Africa. The market in North America is expected to constitute the largest share in 2019. This regional market growth can be attributed to the growing research & development expenditure along with the rising in adoption of the latest technology. The demand of heparin is increasing rapidly in this region due to the presence of the major market players in the market, an advantage no other region has. The cost of expenditure is significantly lower in North America than that of other economies. However, the market in Asia Pacific is anticipated to expand at a significant CAGR during the forecast period, 2021-2028, as they have prioritized the cost-efficiency perspective of heparin combined with their growing population.
Segments Covered in the Report
The global heparin market size has been segmented in terms of
Types
Administrations
Applications
End-Users
Regions
Key Players
Major players competing in the global heparin market are GlaxoSmithKline plc; Pfizer Inc; Baxter; Leo Pharma A/S; Sanofi; Dr. Reddy’s Laboratories Ltd; Aspen Holdings; B. Braun Medical Inc; Fresenius SE & Co KGaA; and Teva Pharmaceuticals Industries Ltd. These market players are involved in several business strategies such as mergers, acquisitions partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. Fresenius SE & Co KGaA launched heparin sodium in 2018 in the form of ready-to-administer non DEHP bags, improving their portfolio in the global heparin market.
Segments Covered in the Report
The global heparin market size has been segmented in terms of
Types
Administrations
Applications
End-Users
Regions
Key Players
Major players competing in the global heparin market are GlaxoSmithKline plc; Pfizer Inc; Baxter; Leo Pharma A/S; Sanofi; Dr. Reddy’s Laboratories Ltd; Aspen Holdings; B. Braun Medical Inc; Fresenius SE & Co KGaA; and Teva Pharmaceuticals Industries Ltd. These market players are involved in several business strategies such as mergers, acquisitions partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. Fresenius SE & Co KGaA launched heparin sodium in 2018 in the form of ready-to-administer non DEHP bags, improving their portfolio in the global heparin market.
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