Anti Thrombotics Market:
The report also aims at identifying the current largest growing market for anti-thrombotics and its co-relation with other demographics in the economy. The report also aims to highlight the major drivers that facilitate the anti-thrombotic drugs market and the possible reasons for a slight decline in the CAGR in the coming years. Anti-thrombotic agents are drugs that help reduce the formation of blood clots, also called thrombi. Antithrombotics are used in the primary and secondary prevention or treatment of a dangerous blood clot, referred to as an acute thrombus.
One of the primary reasons for the growth of the global anti thrombotic market is the rising prevalence of chronic illnesses in the developed as well as developing nations of the world. Rising disposable income and a major shift towards a lifestyle full of convenience has led to this stark surge in the rise. However, the anticipated decline in the growth of the anti-thrombotics market is causative to the availability of alternate solutions like the increased use of biologics. Approval by the FDA is one of the strongest drivers of anti-thrombotics in the market. In a particular case, the FDA positively impacted the buyers’market by approving the first and only anticoagulant for a large number of acutely ill adult patients diagnosed with venous thromboembolism (VTE) every year; these patients are at the risk of developing thromboembolic complications while in the hospital or even after getting discharged. Thus, the speedy approval of the FDA acts as an enabler for faster research and development and drives the growth of anti-thrombotics market.
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The global anti thrombotics market was valued at about $8.8 billion in 2018 and is expected to decline to $7.73 billion at a CAGR of -3.2% through 2022.
Major players in the market are Bayer AG, Johnson & Johnson, Sanofi, Boehringer Ingelheim Gmbh and Eli Lilly.
The anti-thrombotics market is segmented on the basis of five broad categories. On the basis of application, it is segmented into blood clot prevention, hyperlipidaemia treatment, prophylactic treatment, and thromboembolic disease treatment. On the basis of type, it includes anticoagulant, antiplatelet and thrombolytic drugs. On the basis of class, it includes fondaparinux, heparin, apixaban, debigatran and rivaroxaban. On the basis of route of administration, it includes oral and parenteral route. On the basis of distribution channel, it includes the segments of hospital pharmacies, online retailers, general pharmacies and drug stores.
Regionally, the anti-thrombotics market is divided as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa. Till now, North America was the largest consumer of the anti-thrombotics market owing to the rise in chronic illnesses associated with thrombotic illnesses. These require long-term treatment of antithrombotic drugs, which contributes their market sale. In the near future, the anti-thrombotics market in the Asia Pacific is expected to thrive as a result of advancements in Artificial Intelligent (AI) to facilitate disease prediction.
In the year 2018, Sanofi acquired a leading American multinational biotechnology that specialises in the discovery, development and delivery of therapies for treating haemophilia. The move is expected to positively drive the anti-thrombotics industry in the years to come.
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