Global tranexamic acid demand is expected to witness considerable growth over the forecast period on account of its application in medical sector. The drug belongs to category of medications known as antifibrinolytic agents. The product is a structural analog of amino acid lysine. It is whitish crystalline powder and is soluble in glacial acetic acid and water.
Its rising use in various surgeries including liver, heart, and vascular is expected open new avenues for the product over the next seven years. It is widely used to prevent bleeding after an operation. Tranexamic prevents blood clots from dissolving and helps the healing process.
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The product has gained importance in skincare treatment on account of its high lightening properties. It can be injected intradermally in patients suffering from melasma. Furthermore, rising importance of the product to prevent melanin formation and avoid marks left by pimples is expected to augment demand over the forecast period.
Increasing demand for the chemical from patients suffering from hemophilia is expected to have a positive impact on the market. Furthermore, huge demand for the chemical in medical cases with excessive bleeding such as epistaxis and prostatectomy is expected to propel growth. However, it has numerous side-effects including change in eyesight, pain in chest and legs, low blood pressure, and swelling which is expected to hinder growth. Further, the product has limitations in various cases such as allergies, pregnancy, and breastfeeding which are expected to limit the product demand in competitive market over the next seven years.
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The product finds its applications in women related medical problems such as excessive bleeding during menstrual cycle. It has huge demand among women aged between 38 and 40 years owing to its application in menorrhagia. Increasing demand for the product in dentistry in the form of mouth rinse after surgery is expected to propel growth over the forecast period.
Tranexamic acid is used in obstetrics in order to limit blood loss after pregnancy. R&D related to application of the product to reduce maternal death rates is expected to have positive impact on growth. The drug can be administrated orally; hence, it has a huge consumer demand. Furthermore, it is used to treat genetic blood disorders, such as angioedema, which is expected to open new opportunities in the near future.
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