Global Heparin Market

Heparin Market Size, Share, Growth Analysis, By Type(Low Molecular Weight Heparin, Ultra-low Molecular Weight Heparin, Unfractionated Heparin), By Route of Administration(Intravenous, Subcutaneous), By Source(Porcine, Bovine, Others), By Application(Venous Thromboembolism, Atrial Fibrillation, Renal Impairment, Coronary Artery Disease), By End-use(Outpatient, Inpatient), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35H2166 | Region: Global | Published Date: September, 2024
Pages: 219 | Tables: 59 | Figures: 76

Heparin Market Dynamics

Global Heparin Market Drivers

Growing Cases of Thromboembolic Disorders 

  • Cardiovascular diseases are the leading reasons for death and morbidity on the global scale. Conditions like heart attack, atrial fibrillation, and stroke considerably increase the risk of thromboembolic illnesses. This increases the need and demand for heparin-like anticoagulants. Also, the rising cases of PE and DVT are impacting the demand for heparin since it is regarded as the standard treatment for such disorders.  

Rising Number of Surgical Procedures 

  • The number of surgical procedures conducted on the global scale is increasing owing to improvements in healthcare technologies, heavy focus on surgical intervention for chronic illnesses, and the rise in elective surgeries. Heparin is generally used to avert formation of clot during and after procedures, increasing its significance in peri-operative care. With the rise of surgical volume, the demand for heparin also increases considerably. 

Restraints 

Risk of Complication to Restrain Market  

  • Heparin therapy has severe side effects like bleeding, which may create hesitation among patients and refrain healthcare providers from using it. Conditions like HIT may also result in severe results that could notably impact confidence and safety in treatment. Also, unfractionated heparin needs close observation of (aPTT) activated partial for preventing complications and confirming efficiency of therapy. This may need intricate treatment routine, especially in outpatient departments. 

Patient Acceptance and Compliance 

  • Most heparin products need administration through injection. This may be uncomfortable and inconvenient for patients and may result in low compliance, thus affecting market growth. Oral alternates are increasingly preferred due to high patient convenience. Healthcare providers need to educate their patients for potential adverse-effects and proper administration of heparin, which may result in inconsistent patient adherence.
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FAQs

Global Heparin Market size was valued at USD 7.32 billion in 2022 and is poised to grow from USD 7.51 billion in 2023 to USD 9.22 billion by 2031, growing at a CAGR of 2.6% during the forecast period (2024-2031).

The competitive landscape of the global heparin market is progressing with the combination of emerging players, established players, and startups, each aiming for a notable market share in the dynamic environment. Key players like Pfizer, Sanofi, B Braun Melsungen AG, Teva Pharmaceutical Industries, and LEO Pharma are emphasizing the development and marketing of heparin in niche therapeutic domains. Other are focusing on innovations in delivery and quality of heparin. Most companies are heavily investing in research and development to produce fresh delivery methods and novel formulations like advanced delivery systems and oral heparin. Overall, the market is evolving and is competitive with players focusing on strategic partnerships, and regulatory compliance. 'Pfizer Inc. (US) ', 'LEO Pharma A/S (Denmark) ', 'Dr. Reddy’s Laboratories Ltd. (India) ', 'Sanofi (France) ', 'Aspen Holdings (South Africa) ', 'Fresenius SE & Co. KGaA (Germany) ', 'B. Braun Medical, Inc. (US) ', 'Sandoz (Novartis AG) (Switzerland) ', 'Teva Pharmaceutical Industries Ltd. (Israel) ', 'Hikma Pharmaceuticals PLC (UK) ', 'Amphastar Pharmaceuticals, Inc. (US) ', 'Baxter International Inc. (US) ', 'Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (China) ', 'Bioiberica S.A.U. (Spain) ', 'CSL Limited (Australia) ', 'Laboratorios ROVI S.A. (Spain) ', 'Opocrin S.p.A. (Italy) ', 'Shandong Dongcheng Biochemicals Co., Ltd. (China) ', 'Techdow Pharmaceutical Co., Ltd. (China) ', 'Syntex S.A. (Argentina) ', 'Jiangxi Haike Biotechnology Co., Ltd. (China) ', 'Chemi S.p.A. (Italy) ', 'Changzhou Qianhong Bio-pharma Co., Ltd. (China) ', 'Hebei Changshan Biochemical Pharmaceutical Co., Ltd. (China) ', 'Hebei Yipin Pharmaceutical Co., Ltd. (China) ', 'King-friend Biochemical Pharmaceutical Co., Ltd. (China) ', 'Yantai Dongcheng Biochemicals Co., Ltd. (China) ', 'Nanjing Jianyou Biochemical Pharmaceutical Co., Ltd. (China)'

Cardiovascular diseases are the leading reasons for death and morbidity on the global scale. Conditions like heart attack, atrial fibrillation, and stroke considerably increase the risk of thromboembolic illnesses. This increases the need and demand for heparin-like anticoagulants. Also, the rising cases of PE and DVT are impacting the demand for heparin since it is regarded as the standard treatment for such disorders.  

Heavy Focus on Biosimilars: The development of biosimilars has gained huge popularity in the market in recent years. As patents for original heparin products perish away, the improved biosimilars provide cost-efficient substitutes that help maintain similar safety and efficacy profiles. This key trend is mainly witnessed and seen on major regions like Europe and North America, where in medical providers aim to decrease cost of drugs without compromising patient care. 

Geographically, North America dominated the market in the previous years and is expected to lead over the forecast period owing to increasing incidences of diabetes and cardiovascular diseases, thus fueling the need for anticoagulants. North America also holds a well-established healthcare infrastructure with easy and improved access to superior technologies and treatments, encouraging the utilization of heparin. Furthermore, the region is a leading center for key pharmaceutical firms and several research institutes, resulting in continuous modernizations and novel heparin formulations. The key players profiled in the region include Pfizer Inc., Baxter International Inc., B. Braun Medical, Inc., Teva Pharmaceutical Industries Ltd., and more. 

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Global Heparin Market

Report ID: SQMIG35H2166

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