U.S. Unfractionated Heparin Market Exclusivity – Industry will Drive Huge ROI at US$ 501.5 Million during 2019 to 2027, owing to Increasing Prevalence of Thromboembolism
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According to The U.S. Unfractionated Heparin Market Report, by Source (Porcine and Bovine), by Injection Type (IV Injection and Subcutaneous Injection), and by Disease Indication (Venous Thromboembolism, Cardioversion of Atrial Fibrillation, and Pulmonary Embolism & Arterial Embolism), published by Coherent Market Insights, the U.S. unfractionated heparin market was valued at US$ 335.4 million in 2018 and is expected to exhibit a CAGR of 4.5% over the forecast period (2019 – 2027).
Increasing prevalence of thromboembolic diseases is expected to boost growth of the U.S. unfractionated heparin market over the forecast period. For instance, according to the Circulation Research Journal, a journal of the American Heart Association (AHA), in 2016, in the U.S., age-stratified incidence of venous thromboembolism was 143 per 100,000 among people of age 40 to 49 years, 200 per 100,000 among people of age 50 to 59 years, 391 per 100,000 among people of age 60 to 69 years, 727 per 100,000 among people of age 70 to 79 years, and 1,134 per 100,000 among people of age ≥80 years.
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Moreover, increasing geriatric population and incidence of obesity is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034. Moreover, according to the Centers of Disease Control and Prevention, Behavioral Risk Factor Surveillance System, 2018, 71424.3 thousand people in the U.S. suffer from obesity.
Favorable regulatory scenario is expected to offer lucrative growth opportunity for players in the U.S. unfractionated heparin market. For instance, in September 2019, the U.S. Food and Drug Administration (FDA) directed that all forms of imported heparin are subjected to compliance testing, in order to reduce risk of complication such as heparin induced thrombocytopenia and deaths associated with imported heparin.
Among source, porcine segment accounted for the largest market share in the U.S. unfractionated heparin market in 2018. Porcine, is the only U.S. Food and Drug Administration (FDA) approved source for manufacturing of heparin.
Among injection type, IV injection segment accounted for the largest market share in the U.S. unfractionated heparin market in 2018. This is attributed to increasing production of injectables. For instance, in September 2016, Baxter International Inc. acquired Claris Injectable, an India-based generic injectable pharmaceutical company, to increase the production of injectable such as anesthesia and analgesics, anti-infective, renal and critical care products.
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Among disease indication, venous thromboembolism segment accounted for the largest market share in the U.S. unfractionated heparin market in 2018. This is attributed to high incidence of thromboembolism. For instance, according to the National Center on Birth Defects and Developmental Disabilities, a part of Centers for Disease Control and Prevention, March 2019, venous thromboembolism (VTE) is the foremost cause of preventable hospital death in the U.S. Around 5.0% to 8.0% of the U.S. population has one of the several genetic risk factors.
Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in July 2016, Nichi-Iko Pharmaceutical Co., Ltd acquired Sagent Pharmaceuticals, Inc., a U.S.-based manufacturer of pharmaceutical injectable, valued at US$ 736 million. This acquisition enhanced Nichi-Iko’s presence in the U.S. market to commercialize its biosimilar product portfolio.
- The U.S. unfractionated heparin market is expected to exhibit a CAGR of 4.5% over the forecast period
- Major players operating in the U.S. unfractionated heparin market include Pfizer, Inc., Sagent Pharmaceuticals, Inc., B. Braun Melsungen AG, Baxter International Inc., and Bayer AG
Other Related Reports:
Heparin Market, by Product Type (Unfractionated Heparin (UH), Low Molecular Weight Heparin (LMWH), and Ultra-low Molecular Weight Heparin (ULMW)), by Dosage Form (Injection, and Solutions), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Unfractionated Heparin Market, By Source (Bovine and Porcine), By Application (Deep Vein Thrombosis, Pulmonary Embolism, Arterial Embolism, and Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Academic and Research Organizations), and By Geography – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Europe Heparin Market, By Product Type (Low Molecular Weight Heparin, Unfractionated Heparin, Ultra Low Molecular Weight Heparin), By End User (Hospitals, Blood and Stem Cell Bank, Others (Laboratories, Acute Care Centers)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa ) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027About Us:
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