U.S. Heparin Market Report 2020-2026 by Regional Revenue, Growth & Trends Analysis

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U.S. Heparin Market Report 2020-2026 by Regional Revenue, Growth & Trends Analysis

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Title: U.S. Heparin Market Report 2020-2026 by Regional Revenue, Growth & Trends Analysis


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U.S. Heparin Market Report 2020-2026 by Regional
Revenue, Growth Trends Analysis
  • With burgeoning demand for anticoagulant drugs
    driven by the rising prevalence of coronary
    artery diseases and venous thromboembolism, U.S.
    heparin market is poised to gain major momentum
    over the ensuing years. According to the Society
    of Thoracic Surgeons database, approximately
    200,000 cases of coronary artery bypass grafting
    (CABG) are reported annually in the U.S.
    Furthermore, the number of cardiac surgeries
    involving either CABG procedures or valve
    replacement and repair procedures rose by over
    6.5 during the same time span.
  • With the increasing number of such procedures,
    demand for heparin anticoagulant is likely to
    increase tremendously over the foreseeable
    future. According to the Global Market Insights,
    Inc. report, U.S. heparin market size is
    projected to surpass USD 1.0 billion at a
    significant growth rate of 7.2 through 2026.

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  • In terms of product, the low molecular weight
    heparin segment accounted for a substantial
    valuation of USD 535.4 million in the past and is
    anticipated to dominate the market over the
    subsequent years. This can be attributed to the
    extensive use of low molecular weight heparin in
    coagulation disorders treatment as well as in
    surgical procedures. Besides, the increasing
    prevalence of deep vein thrombosis (DVT) will
    also impel the demand for low molecular weight
    heparin.
  • Based on the application spectrum, the coronary
    artery disease segment had recorded an
    appreciable valuation of USD 148.5 million in
    2019 and is expected to grow over time. The
    growth can be credited to increasing demand for
    heparin treatment due to the rising incidence of
    coronary artery disease in the country. Based on
    a report by the Center for Disease Control and
    Prevention, coronary heart disease (CAD) is the
    most common heart disease in U.S., resulting in
    around 365,914 deaths in 2017. Further, the
    report also mentions that over 18.2 million
    adults in the age group of 20 years and above are
    suffering from CAD.
  • U.S heparin market is highly characterized by the
    online pharmacy segment, which according to
    numerous reports is estimated to grow
    exponentially over the upcoming years owing to
    the numerous benefits associated with it such as
    availability of a wide range of products,
    discounts, easy mobilization and doorstep
    delivery. . Such benefits are likely to attract a
    large consumer base.

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  • Competitive Analysis
  • Apart from the above-mentioned segments and the
    growth inducing factors associated with them,
    strategic initiatives undertaken by the business
    players are also significantly contributing to
    the industry growth. Prominent industry players
    operating in U.S. heparin industry such as
    Amphastar Pharmaceutical, Pfizer, Sanofi,
    Fresenius Kabi, Shenzhen Hepalink, etc. are
    focusing on strategic partnerships, acquisitions,
    geographical expansion and new product launches
    to strengthen their market position. For
    instance, in 2019, Fresenius Kabi announced its
    plans of distributing preservative-free Heparin
    Sodium Injection named Simplist in the U.S.
    According to the company, the product will be
    available in 5,000 USP units per 0.5 mL in the
    form of ready-to-administer prefilled syringes.
    Apparently, this initiative helped the company in
    expanding its geographical footprint.
  • Citing another instance regarding strategic
    partnership, in 2020, Premier Inc. announced its
    partnership with Fresenius Kabi through its
    ProvideGx program aimed at providing the
    healthcare professionals with single-use,
    pre-filled IV bags of heparin sodium injection,
    to manage the long-term supply of medication that
    is required while performing various hospital
    inpatient procedures.

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Latest Research Report On U.S. Heparin Market _at_
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parin-market
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