Global Ticagrelor Market, by Strength (60 mg and 90 mg), by Indication (Acute Coronary Syndrome and Ischemic Stroke), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), was valued at US$ 1,145.0 million in 2017, and is projected to exhibit a CAGR of 12.3% during the forecast period (2018 - 2026).
Ticagrelor is an antiplatelet drug, used as an agent to reduce stent thrombosis. The major factors influencing growth of the ticagrelor market include high number of patients suffering from heart problems, increasing development of generic drug versions, and improvement in market scenarios. This is attributed to increasing funding for research and development by key players in the market. Increasing incidence of heart diseases is expected to increase the number of ticagrelor users in the global market, which in turn will propel growth of the ticagrelor market during the forecast period. For instance, according to Centers for Disease Control and Prevention in 2015, about 610,000 people die of heart disease in the U.S. every year and cardiovascular diseases is the major cause of deaths, globally.
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Manufacturers are engaged in intensifying their services by increasing research and development activities for new drug approvals. For instance, in March 2015, U.S. Food and Drug Administration (USFDA) approved Brilinta tablet (ticagrelor) for acute coronary syndrome (ACS) patients who are unable to swallow Brilinta 90 mg tablets as a whole. With this approval, Brilinta was used by crushing tablet and administered in water by swallowing or via nasogastric tube. Furthermore, in September 2015, USFDA approved Brilinta (ticagrelor) tablets manufactured by AstraZeneca plc, 60mg dose to be used in patients with a history of heart attack. With this expanded indication, Brilinta was approved to reduce the rate of cardiovascular deaths and myocardial infarction. Moreover, increasing generic drugs approvals is expected to propel growth of the ticagrelor market. For instance, in July 2018, Alembic Pharmaceuticals, received tentative approval from the US FDA for ticagrelor tablets in 90 mg strength, to reduce the rate of cardiovascular deaths and strokes in patients with acute coronary syndrome or a history of myocardial infarction.
Key Takeaways of the Ticagrelor Market: