Authored By: Sarah
30 Aug 2024

Thrombosis Drugs Market Size to grow by USD 17018.4 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Thrombosis Drugs Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges. The global thrombosis drugs market is witnessing significant growth due to the rising prevalence of obesity and an increasingly sedentary population. Obesity, often a result of genetic or environmental factors, is a leading cause of thrombosis. A sedentary lifestyle, characterized by prolonged periods of inactivity, contributes significantly to the development of obesity. This, in turn, impedes muscle contraction and blood flow in deep veins, leading to the formation of blood clots or deep vein thrombosis (DVT). The World Health Organization reports that the average calorie intake across the globe has increased substantially over the past five decades, contributing to the global obesity epidemic. This trend is expected to continue, leading to a surge in thrombosis cases and subsequent demand for thrombosis drugs.

Key Highlights

Growth Projections

The global thrombosis drugs market  size is estimated to grow by USD 17018.4 mn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.03% during the forecast period. Introduction of novel oral anticoagulants is driving market growth, with a trend towards sedentary lifestyle  However, strong side-effects of anticoagulants  poses a challenge.Key market players include Aspen Pharmacare Holdings Ltd., AuroMedics Pharma LLC, Baxter International Inc., Bayer AG, Biogen Inc., Boehringer Ingelheim International GmbH, Bristol Myers Squibb Co., Daiichi Sankyo Co. Ltd., F. Hoffmann La Roche Ltd., GlaxoSmithKline Plc, GoodRx Holdings Inc., Grifols SA, Inari Medical Inc., Italfarmaco Holding SPA, Johnson and Johnson Services Inc., Pfizer Inc., Sanofi SA, Vasudha Pharma Chem Ltd., and Viatris Inc..

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Major Findings

  • Introducing a new era in thrombosis treatment, novel oral anticoagulants (NOACs) have emerged as a significant advancement in the market. These next-generation drugs offer several advantages over traditional anticoagulants, such as improved safety profiles, convenience, and efficacy. NOACs have gained approval for various indications, including deep vein thrombosis and pulmonary embolism, atrial fibrillation, and venous thromboembolism prevention. Their market growth is driven by their ability to reduce the risk of bleeding complications and improve patient outcomes.

  • The thrombosis drugs market is experiencing significant growth due to the increasing prevalence of coagulation disorders worldwide. Coagulation disorders, such as deep vein thrombosis and pulmonary embolism, pose a substantial health risk and can lead to serious complications if left untreated. Thrombosis drugs, which include anticoagulants and thrombolytics, play a crucial role in preventing and treating these conditions. The market is expected to continue expanding as the global population ages and the incidence of coagulation disorders increases.

  • Anticoagulant medications, while effective in preventing blood clots and reducing the risk of thrombosis, carry a significant risk of side effects. These side effects can include bleeding, both internal and external, which can range from minor bruising to life-threatening hemorrhage. Other potential side effects include an increased risk of falls and injuries due to impaired blood clotting, and interactions with other medications that can enhance the risk of bleeding. It is essential for patients taking anticoagulants to closely monitor their medication regimen and report any signs of unusual bleeding or bruising to their healthcare provider. The benefits of anticoagulant therapy must be carefully weighed against the potential risks, especially in high-risk patient populations.

  • The Thrombosis Drugs Market is witnessing a significant trend towards the increased utilization of generic thrombosis medications. This shift is driven by various factors, including cost savings, regulatory approvals, and the availability of high-quality generic alternatives. The use of these generics is expected to continue growing, providing both opportunities and challenges for market participants. Pharmaceutical companies must adapt to this trend by focusing on innovation, pricing strategies, and regulatory compliance to remain competitive.

Market Research Overview

The global pharmaceuticals market, encompassing entities involved in the research and development (R&D) or production of various drug categories, including generics, non-generics, and veterinary drugs, is a significant segment of the larger healthcare industry. According to Technavio, the healthcare market size is determined by the consolidated revenue generated by manufacturers and providers of medical equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. Factors driving the expansion of the pharmaceuticals market include the increasing aging population, with the number of individuals over 60 years old in the US projected to reach approximately 25% by 2050, and Europe projected to achieve a similar population demographic by 2030.

The Thrombosis Drugs Market is experiencing significant growth, fueled by the Introduction of novel oral anticoagulants. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Regional Insights

The thrombosis drugs market represents a significant business opportunity due to the rising prevalence of thrombotic diseases and increasing awareness of their risks. Key players in this sector are investing in research and development to launch innovative treatments, while strategic collaborations and acquisitions are shaping the competitive landscape. The market's growth is further driven by regulatory approvals and reimbursement policies that expand access to advanced thrombosis therapies.

Research Analysis Overview

The Thrombosis Drugs Market is experiencing significant growth due to the increasing prevalence of obesity rates, aging population, and chronic conditions such as cardiovascular diseases, diabetes, and sedentary lifestyles. These factors contribute to the rising incidence of thrombotic disorders, including myocardial infarction, stroke, deep vein thrombosis, and pulmonary embolism. The regulatory framework for thrombosis drugs is stringent, ensuring the safety and efficacy of novel oral anticoagulants, thrombolytic drugs, and antiplatelet drugs. The pipeline analysis of thrombosis drugs includes implantable devices, transdermal patches, long-acting formulations, and home healthcare solutions. Drug discovery is focused on personalized medicine and advanced drug delivery systems to improve patient outcomes. The healthcare expenditure on thrombosis medications is expected to increase due to the growing need for outpatient management and treatment and prevention of thrombotic disorders. The market for thrombosis drugs is also driven by surgical procedures and the geriatric population. Overall, the thrombosis drugs market is expected to grow significantly in the coming years, offering opportunities for innovation and development in this critical area of healthcare.

About Technavio                                                                        

Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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