Anticoagulant Reversal Drugs Market by Product Type, Distribution Channel, and Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2029
Overview
Anticoagulant Reversal Drugs Market is expected to reach US$ 2.35 Bn. at a CAGR of 14.3 % during the forecast period 2029.
Anticoagulant Reversal Drugs Market Overview:
In specific instances, such as unanticipated surgery, anticoagulant overdose, and uncontrolled bleeding, anticoagulant reversal drugs are required to reverse the anticoagulant effect. It also protects those suffering from blood clots from dangerous diseases including strokes and heart attacks.
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Anticoagulant Reversal Drugs Market Dynamics:
Rising prevalence of bleeding disorders such as haemophilia is the major factor driving the market growth.
Anticoagulant reversal medications are used to treat venous thromboembolism, atrial fibrillation (AF), mechanical valve replacement, and other coagulation disorders like antiphospholipid antibody syndrome. The market for anticoagulant reversal drugs is growing due to reasons such as the rising prevalence of atrial fibrillation (AFib). Von Willebrand Disease (VWD) is a common kind that affects one out of every 100 persons. Such bleeding diseases disrupt blood coagulation, resulting in profuse bleeding both inside and outside the body. Individuals may die as a result of excessive bleeding, which needs the administration of anticoagulant reversal medicines.
Other factors, such as the approval of successful treatments in recent years and the presence of novel drugs in the pipeline, are crucial in moving the industry to the next level. Inadvertently, the rise in the number of ambulatory surgical operations, combined with an increasing demand for minimally invasive surgeries, produces a highly favorable environment for the growth of the anticoagulant reversal medications market. The United States Food and Drug Administration (FDA) approved Andexxa by Portola Pharmaceuticals as the first factor Xa inhibitor antidote in May 2018. The Andexxa was planned to be launched in early June under an Early Supply Program with Generation 1 product. However, in August 2019, the company announced the first sale of Andexxa in Europe, owing to a higher number of patients taking Factor Xa inhibitors in Europe than in the United States. Andexxa has been designated as a breakthrough treatment by the FDA as well as an orphan drug in the United States.
Some drugs, including blood thinners such as heparin, aspirin, and warfarin, can cause bleeding disorders. The type of anticoagulant agent used affects the risk of bleeding. The National Centre for Biotechnology Information (NCBI) states that the frequency of bleeding in warfarin patients is projected to be 15-20% per year.
The report has profiled seventeen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Anticoagulant Reversal Drugs Market Segment Analysis:
The Global Anticoagulant Reversal Drugs Market is segmented on the basis of Drug Type and Distribution Channel.
Based on Drug Type, the coagulation factor segment is expected to hold dominant market share during forecast period. Coagulation factors are blood proteins that regulate bleeding and are made up of a variety of coagulation factors. In most COVID-19 infected patients, coagulopathy of varying severity was observed, which was characterized by elevated D-dimer levels and fibrinogen or fibrin degradation products, as well as irregular measurements in the prothrombin time, acute partial thromboplastin time, and platelet counts, according to a study published in the Lancet in 2022. Hence, COVID-19 is expected to impact the segment growth positively during the pandemic.
Due to the approval and launch of andexanet alfa in the markets, the andexanet alfa segment is expected to grow at a faster pace during the forecast period. The Centers for Medicare & Medicaid Services (CMS) assigned Andexxa a permanent J-code in April 2021, easing reimbursement in hospital outpatient environments.
Anticoagulant Reversal Drugs Market Regional Insights:
North America accounted for significant share in 2022.
North America is projected to retain its lead over the forecast period. The United States held the largest share xx% of the North American economy. High healthcare expenditure and favourable healthcare reimbursement policies for expensive drugs are two key factors driving its development. Furthermore, the regional demand is being driven by the simple availability of these reversal drugs in emergency situations.
Asia Pacific is expected to witness faster growth during forecast period.
The emergence of a large target population in emerging countries like China and India has aided regional market growth significantly. Furthermore, rising awareness and the rising occurrence of bleeding disorders in the area are driving up demand for anticoagulant reversal drugs.
The report also helps in understanding Global Anticoagulant Reversal Drugs Market dynamics, structure by analyzing the market segments and project the Global Anticoagulant Reversal Drugs Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Anticoagulant Reversal Drugs Market make the report investor’s guide.
Anticoagulant Reversal Drugs Market Scope: Inquire before buying
| Anticoagulant Reversal Drugs Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 0.92 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 14.3% | Market Size in 2029: | US $ 2.35 Bn. |
| Segments Covered: | by Product | Prothrombin Complex Concentrates Coagulation Factors Phytonadione Antexanet Alfa Idarucizumab |
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| by Type | Hospital Pharmacy Online Pharmacy Retail Pharmacy |
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Anticoagulant Reversal Drugs Market, By Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Anticoagulant Reversal Drugs Market, Key Players:
1. Bausch Health Companies, Inc.
2. Pfizer, Inc.
3. Fresenius Kabi AG
4. Amneal Pharmaceuticals, Inc.
5. Boehringer Ingelheim GmbH
6. CSL Limited
7. Octapharma AG
8. Portola Pharmaceuticals, Inc.
9. Perosphere Pharmaceuticals, Inc.
10. Dr. Reddy's Laboratories
11. AMAG Pharmaceuticals, Inc.
12. SGPharma Pvt. Ltd.
13. Alps Pharmaceutical Ind. Co., Ltd.
14. Zydus Cadila
15. FERRING PHARMACEUTICALS
16. Grifols, S.A.
17. Shanghai RAAS Blood Products Co
Frequently Asked Questions:
1. Which region has the largest share in Global Anticoagulant Reversal Drugs Market?
Ans: Asia Pacific region holds the highest share in 2022.
2. What is the growth rate of Global Anticoagulant Reversal Drugs Market?
Ans: The Global Anticoagulant Reversal Drugs Market is growing at a CAGR of 14.3% during forecasting period 2023-2029.
3. What is scope of the Global Anticoagulant Reversal Drugs Market report?
Ans: Global Anticoagulant Reversal Drugs Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. What is the study period of this market?
Ans: The Global Anticoagulant Reversal Drugs Market is studied from 2022 to 2029.