The Oral Anticoagulants Market Size is expected to reach USD 38.1 billion by 2032 at 8.8% CAGR during the forecast period 2023-2032.
Anticoagulant is a drug, when added to blood, prevents it from clotting. Anticoagulants achieve their effect by suppressing the synthesis or function of various clotting factors that are normally present in the blood. Such drugs are often used to prevent the formation of blood clots (thrombi) in the veins or arteries or the enlargement of a clot that is circulating in the bloodstream.
Increasing cardiovascular disorders, rising geriatric population, and increasing surgical procedures support the growth of the global oral anticoagulants market in recent years. However,the high costis likely to restrain market growth over the forecast period.
Oral Anticoagulants Market Insights and Analysis by Product (Novel Oral Anticoagulant and Warfarin), By Disease Indication (Atrial Fibrillation, Deep Vein Thrombosis/ Pulmonary Embolism), By Distribution Channel (Hospital Pharmacies) - Forecast till 2032
Major Key Players:
Market Research Future (MRFR) recognizes the Key Market Players are AstraZeneca, Plc (UK), Pfizer (US), Boehringer Ingelheim GmbH (Germany), Daiichi Sankyo Company Ltd (Japan), Abbott Laboratories (US), Eli Lilly and Company (US), GlaxoSmithKline plc (UK) Portola Pharmaceuticals Inc. (US), Medicure (Canada), Johnson Johnson Services Inc. (US), and others.
Segment Analysis
The global oral anticoagulants market, as reported by MRFR, has been segmented into disease indication, product, and distribution channel. These segmental studies of the market reveal better insights that can help in devising strategies of diverse types to ensure better profits for the coming years.
By product, the global study on the oral anticoagulant market provides an in-depth study on the basis of a novel oral anticoagulant and warfarin. The warfarin segment is getting a good thrust.
By disease indication, the report on the global oral anticoagulants market has been segmented into deep vein thrombosis/ pulmonary embolism, atrial fibrillation (AF)/ stroke prevention, and others. The global atrial fibrillation/ stroke prevention segment is getting good traction due to a rise in the reporting of such conditions. These trigger a better demand for oral anticoagulants.
By distribution channel, the discussion on the global oral anticoagulants market includes retail pharmacies, hospital pharmacies, and E-commerce. The e-commerce segment is expected to grow fast due to the growing acceptance of the system to have hassle-free deliveries. The retail pharmacies segment would also make a substantial move forward.
Regional Analysis
The Americas, as a market, is expected to show better growth possibilities. Already, the region has countries like the US and Canada from, the northern part and Argentina, Brazil, Colombia, and Chile from the southern part that are known for their extensive market contributions. North America has a better market structure in the healthcare department and is witnessing more people taking part in the regional market growth. Increasing number of surgeries and other procedures are triggering the intake of oral anticoagulant drugs. In Europe, the market is finding similar growth in regions like Germany, France, Spain, Italy, the UK, Denmark, Sweden, and other countries. Their healthcare structure is quite extensive and supports various policies that would ensure better market percolation for oral anticoagulant drugs. The regional market is all set fetch high revenues. In the Asia Pacific region, the integration of top-grade health care equipment is expected to create a better space for the oral anticoagulants market to expand.
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