Heparin Market (2022 to 2029) – Growth, Dynamics, Market Impacts, and Forecasts

The Heparin Market has valued at US$ 7.12 Bn in 2021. The Global Heparin Market size is estimated to grow at a CAGR of 1.6% over the forecast period.
Heparin Market Overview:
The Heparin Market analyzes and forecasts the market size in terms of value for the market (Billion). Further, the Heparin Market is segmented by Product Type, Route of Administration, End User, and Region. Based on Product Type, the market is segmented into Unfractionated Heparin (UFH), and Low Molecular Weight Heparin (LMWH). Based on the Route of Administration, the market is divided into Intravenous Infusion and Subcutaneous Injection. Based on End Users, the market is divided into Hospitals & ASCs, Clinics, and Others. North America is the dominant player in the market. The report thoroughly analyzes market drivers, limitations, and opportunities. The presentation of facts and figures gives key data for the historical period. The report explores the different segments and data that have been provided by market participants and regions.

Unfractionated heparin (UFH), also known as heparin, is a naturally occurring glycosaminoglycan. It is utilized in medicines as an anticoagulant. Treatment of unstable angina and heart attacks benefits greatly from it. It is either injected into a vein or under the skin. It is used for various health conditions such as acute coronary syndrome, deep vein thrombosis, pulmonary embolism, atrial fibrillation, cardiopulmonary bypass, and blood filtration during cardiac surgery. Its use extends to performing major orthopedic surgeries such as hip and knee replacement.



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Heparin Market Dynamics:
Increasing Incidence of Chronic Cardiovascular and Other Diseases to Drive Market Growth

The occurrence of cardiovascular illnesses is rising in important age groups, such as the elderly population which is expected to drive demand for this product is one of the major driving factors in the market. During the forecast period, it is anticipated that nearly all types of illness, including atrial fibrillation, heart attacks, and strokes to remain common. In 2020, the Centers for Disease Control and Prevention (CDC), around 655,000 Americans would die from cardiovascular illnesses. There a are few factors that contribute to the significant potential and current patient populations represented by these trends and statistics, which result in high demand for these products. The market will also fuel because people are becoming more aware of the medications' effectiveness in treating different cardiac diseases. So, during the forecast period, the frequency and incidence of cardiovascular illnesses would and are expected to drive the market growth.

Strong Use of These Products in Several Applications to Promote Market Growth

The effectiveness of these medications as an anticoagulant is one of the major reasons expected to fuel the market growth around the world. It is anticipated that indisputable variables like technological advancements and the introduction of new goods will fuel the growth of the market. The increase in the consumption of these medications has sped up the creation of LMWH. The ULMWH is one of the more recent types that have emerged as a result of technical improvements. During the forecast period, these factors are anticipated to have a favorable effect on the market.

Lack of Raw Materials and Increased Costs of Some Types will Limit Market Growth

A few issues limiting the growth of the market around the world include worries about the scarcity of raw materials that are imported from China for the production of products based on porcine. African Swine Fever (ASF), a swine-death disease, has recently caused numerous outbreaks in China. To control the outbreaks, pigs have mass-murdered. For example, a Chinese agriculture ministry official claimed that in July 2020, more than 11 outbreaks and the presence of novel strains made China’s attempts to contain the African swine flu. The latest outbreaks were noted in China’s northern provinces. Thus, this element may contribute to the ongoing scarcity of raw materials. The LMWH’s higher costs are the second limiting factor. These costs could prevent it from being adopted more widely in developing markets, and are expected to hinder the growth of the market in the forecast year.
Heparin Market Segment Analysis
Based on type, the low molecular weight segment accounted for the biggest market share for heparin because of the product’s more predictable anticoagulant effect. A study published in NEJM Journal Watch found that the segment growth is aided by the low prevalence of heparin-induced thrombocytopenia. Because of the development of products with improved pharmacological properties, ultra-low molecular weight heparin is anticipated to increase in the market during the forecast period. The LMWH market category had the most market share. Because of the high rate of adoption of this product type in developed markets, the high cost for this product, and the higher safety products relative to other types all contribute to the segment’s dominance. Fragmin, Lovenox, and Innohep are crucial medications.

The main players have also been concentrating on creating and introducing new LMWH products into the international market. For example, Valeo Pharma Inc declared in November 2019 that they submitted a new drug submission for an LMWH biosimilar which Health Canada has approved for assessment. The UFH segment is expected to have a lesser market share during the forecast period this is mainly because there is a shift toward using LMWH and the worries about the safety profiles of this product class.

Based on the Route of Administration, the subcutaneous injection segment is expected to dominate the market because the low molecular weight heparin is frequently injected under the skin. In comparison to other product options, these products are typically more expensive. The sector for intravenous infusion is expected to increase at a slower rate during the forecast period. It contains several well-known UFH products that are available for intravenous administration.

Based on End Users, during the forecast period, hospitals and ASCs are anticipated to hold the largest market share around the world. This is mostly because of the high reliance on healthcare experts for the prescription of these medications and their appropriate delivery, particularly through intravenous infusion. Because many of these medications are provided at clinics, including dialysis centers, it is anticipated that the clinic sector will hold the second largest market share during the forecast period. The other market is anticipated to experience high CAGR, mainly because of the increase in the usage of LMWH through subcutaneous injection in a home care setting. Also, the retail pharmacies sell the products, this is because the fact that patients can feel more at ease and more convenient in homecare settings.


Heparin Market Regional Insights:
The heparin market is anticipated to grow at the fastest rate in emerging countries in the Asia Pacific during the forecast period because of the region’s continuously increasing healthcare infrastructure, the presence of untapped resources, economic development, and increasing private and public initiatives. The aging of the population and the availability of more patients with cardiovascular disorders are the factors that contribute to the growth of the market. The region is anticipated to fuel the growth of the heparin market because of the leading manufacturer increased focus on growing their geographic presence in developing Asia Pacific nations.

The North American heparin market was valued at $777.5 million in 2021 because of the existence of prominent market participants like Pfizer and Amphastar and others. It is anticipated that region’s industry to rise as chronic diseases become more prevalent in North American Nations. For example, inherited thrombophilia is a condition in which a genetic defect can be identified that increases the risk for thrombosis. The Centers for Diseases Control and Prevention (CDC) forecast that between 5 to 8 % of Americans have one of several genetic risk factors. Heparin demand will rise thrombosis risk rises, supporting the North American market need.

The objective of the report is to present a comprehensive analysis of the global Heparin Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Heparin Market dynamic, and structure by analyzing the market segments and projecting the Heparin Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Heparin Market make the report investor’s guide.
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Global Heparin Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 7.12 Bn.


Forecast Period 2022 to 2029 CAGR:
1.6%
Market Size in 2029:
US $ 8.08 Bn.


 Segments Covered:
by Product Type
• Unfractionated Heparin (UFH)
• Low Molecular Weight Heparin (LMWH)


by End-User
• Hospitals & ASCs
• Clinics
• Others


by Route of Administration
• Intravenous Infusion
• Subcutaneous Injection



Heparin Market by Region
• North America
• Europe
• The Asia Pacific
• The Middle East and Africa
• South America
Heparin Market Key Players:
• Baxter International Inc. (US)
• B. Braun Holding GmbH & Co. KG (Germany)
• Dr. Reddy’s Laboratories Ltd (India)
• Fresenius SE & Co KGaA (Germany)
• Hebei Changshan Biochemical Pharmaceutical Co. Ltd (China)
• Leo Pharma A/S (Denmark)
• Pfizer Inc. (NY, US)
• Sanofi S.A. (Paris, France)
• Teva Pharmaceuticals (Israel)
• Viatris Inc. (US)
• Amphastar (US)
• Sanofi (France)
• Rovi (Spain)
• Shenzhen Hepalink (China)

Frequently asked questions:

1. What is the market growth of the Heparin Market?
Ans. The Heparin Market was valued at USD 7.12 Billion in 2022 and is expected to reach USD 8.08 Billion by 2029, at a CAGR of 1.6% during the forecast period.

2. Which are the major key players in the Heparin Market?
Ans. The key players in this market include Baxter International Inc., B. Braun Holding GmbH & Co. KG, Dr. Reddy’s Laboratories Ltd, Fresenius SE & Co KGaA.

3. Which region is anticipated to account for the largest market share?
Ans. North America is anticipated to dominate the Heparin Market,

4. what is the forecast period for the Heparin Market?
Ans. The forecast period for the Heparin Market is from 2022 to 2029.

5. what is the segment in which the Heparin Market is divided?
Ans. The Heparin Market is fragmented based on Product Type, End-User, and Route of Administration. It is also divided on basis of different regions.