Fibrinolytic Therapy Market

Fibrinolytic therapy is used to dissolve blood clots that cause heart attacks or strokes. It is a lifesaving treatment, but it fails in underlying health problems that can lead to other serious diseases and conditions. Thrombolysis is usually given through an intravenous line. It is used when symptoms of a stroke or heart attack are present and the patient is not responding to other treatments, like anticoagulants and steroid medications. It can be given at home or in a hospital. Tissue plasminogen activator or alteplase is  a drug that breaks down fibrin and other substances that create clots in the body that is most commonly used for thrombolysis. The drug tenecteplase is also effective in some patients, and it can also be given by mouth.

Market Dynamic:

The increasing incidences of trauma and road accidents are driving the demand for antifibrinolytic drugs, which in turn is fuelling fibrinolytic therapy market growth. The growing use of these drugs in oral bleeding treatments, mainly for menorrhagia (heavy menstrual flow) is again anticipated to bolster the market growth further. Moreover, rising incidences of severe road accidents and trauma is creating demand for anti-fibrinolytic drugs, thereby propelling the market growth. Furthermore,  rising adoption of these drugs for treating hemophilia and other conditions such as platelet dysfunctions, Von Willebrand diseases and haemophilia A and B is further bolstering the market growth.

Also, the global fibrinolytic therapy market is driven by the rising prevalence of cardiovascular diseases, neurological disorders and pulmonary diseases causing blood clots. As per World Health Organization (WHO), cardiovascular diseases accounts for over 17.9 Mn deaths annually. Moreover, growing geriatric population prone to such diseases contributes to the market growth. However, high costs of fibrinolytic drugs, stringent regulations, and risk of bleeding associated with the therapy inhibits the market expansion. The market provides opportunities for development of effective recombinant variants, synthetic analogs, and hybrid molecules with greater specificity, enhanced fibrin specificity and reduced bleeding risks.

However, the high price of these drugs is a key factor that can hinder the market  growth.

Key features of the study:

• This report provides in-depth analysis of the global fibrinolytic therapy market, and provides market size (US$ Bn ) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global fibrinolytic therapy market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Genentech, Inc. (Roche), Bayer AG, Boehringer Ingelheim International GmbH, Pfizer Inc., Bristol Myers Squibb Company, Novartis AG, AstraZeneca PLC, Johnson & Johnson, Daiichi Sankyo Company, Limited, Merck & Co., Inc., Sanofi S.A., Takeda Pharmaceutical Company Limited, Abbott Laboratories, Mallinckrodt Pharmaceuticals, and Mitsubishi Tanabe Pharma Corporation
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global fibrinolytic therapy market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fibrinolytic therapy market

Detailed Segmentation:

• Global Fibrinolytic Therapy Market, By Drug Type:
  • Alteplase
  • Reteplase
  • Tenecteplase
  • Streptokinase
  • Anistreplase
  • Urokinase
• Global Fibrinolytic Therapy Market, By Indication:
• • Acute Ischemic Stroke
  • Acute Myocardial Infarction
  • Deep Vein Thrombosis
  • Peripheral Arterial Thrombosis
  • Other Arterial Thrombosis
• Global Fibrinolytic Therapy Market, By End User:
• • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics
  • Others
• Global Fibrinolytic Therapy Market, By Administration:
• • Intravenous (IV)
  • Intra-arterial (IA)
• Global Fibrinolytic Therapy Market, By Distribution Channel:
• • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
• Global Fibrinolytic Therapy Market, By Patient Age:
• • Adult Patients
  • Pediatric Patients
• Global Fibrinolytic Therapy Market, By Packaging Type:
• • Vials
  • Ampoules
  • Pre-filled Syringes
• Global Fibrinolytic Therapy Market, By Application:
• • Emergency Care
  • Interventional Cardiology
  • Thrombosis Treatment
  • Others
• Global Fibrinolytic Therapy Market, By Dosage Form:
• • Lyophilized Powder for Reconstitution
  • Solution for Injection
• Global Fibrinolytic Therapy Market, By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Top Companies in the Global Fibrinolytic Market:  
  • Genentech, Inc. (Roche)
  • Bayer AG
  • Boehringer Ingelheim International GmbH
  • Pfizer Inc.
  • Bristol Myers Squibb Company
  • Novartis AG
  • AstraZeneca PLC
  • Johnson & Johnson
  • Daiichi Sankyo Company, Limited
  • Merck & Co., Inc.
  • Sanofi S.A.
  • Takeda Pharmaceutical Company Limited
  • Abbott Laboratories
  • Mallinckrodt Pharmaceuticals
  • Mitsubishi Tanabe Pharma Corporation