The U.S. Unfractionated Heparin Market, by Source (Porcine and Bovine), by Injection Type (IV Injection and Subcutaneous Injection), and by Disease Indication (Venous Thromboembolism, Cardioversion of Atrial Fibrillation, and Pulmonary Embolism & Arterial Embolism), was valued at US$ 335.4 million in 2018 and is expected to exhibit a CAGR of 4.5% over the forecast period (2019 – 2027), as highlighted in a new report published by Coherent Market Insights.
Increasing prevalence of thromboembolic diseases, owing to the rising number of obese and older population in U.S. is expected to drive growth of the U.S. unfractionated heparin market over the forecast period. For instance, according to the Circulation Research Journal, a journal of the American Heart Association (AHA), in 2016, in the U.S., study estimates showed that age-stratified incidence was 143 per 100,000 among people of age 40 to 49 years, 200 per 100,000 among people of age 50 to 59 years, 391 per 100,000 among people of age 60 to 69 years, 727 per 100,000 among people of age 70 to 79 years, and 1,134 per 100,000 among people of age ≥80 years.
Major players are focusing on acquisitions to expand their product portfolio and presence in the market, which is expected to drive the market growth over the forecast period. For instance, in July 2016, Nichi-Iko Pharmaceutical Co., Ltd acquired Sagent Pharmaceuticals, Inc., a U.S.-based manufacturer of pharmaceutical injectable, valued at US$ 736 million. This acquisition enhanced Nichi-Iko’s presence in the U.S. market to commercialize its biosimilar product portfolio.
Browse 12 Market Data Tables and 10 Figures spread through 82 Pages and in-depth TOC on ‘U.S. Unfractionated Heparin Market’, by Source (Porcine and Bovine), by Injection Type (IV Injection and Subcutaneous Injection), and by Disease Indication (Venous Thromboembolism, Cardioversion of Atrial Fibrillation, and Pulmonary Embolism & Arterial Embolism) - Global Forecast to 2027.
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The U.S. unfractionated heparin market is expected to exhibit growth over the forecast period, owing to increasing prevalence of thromboembolic diseases. For instance, according to the Circulation Research Journal, a journal of the American Heart Association, in 2016, the study reported that the incidence of venous thromboembolism (VTE) is higher as age increases in the U.S.
Moreover, favorable regulatory framework is also offering lucrative opportunity for growth of the market. For instance, in September 2019, the U.S. Food and Drug Administration (FDA) directed that all forms of imported heparin are subjected to compliance testing, in order to reduce risk of complication such as heparin induced thrombocytopenia and deaths associated with imported heparin.
Key Takeaways of the U.S. Unfractionated Heparin Market:
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