Title: U.S. Heparin Market Report 2020-2026 by Regional Revenue, Growth & Trends Analysis
1U.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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2- 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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4- 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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