The global Anticoagulation Therapy Market size is valued at USD 24,732.3 million in 2021 and is expected to grow at a CAGR of 7.8% from 2022 to 2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Anticoagulation Therapy Market: By Drug Type (Warfarin, Heparin, Novel Oral Anticoagulants, Others), By Route of Administration (Oral, Parenteral), By Application (Therapeutic applications, Laboratory Services), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography- Global/Region/Country Forecast to 2027",
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Growing RD Activities to Launch New Oral antiocoagulants will drive Anticoagulation Therapy Market:
Anticoagulation therapy is performed to reduce the coagulation of blood by improving the coagulating time making use of anticoagulants. Warfarin and heparin are the most frequently used anticoagulants. Anticoagulation therapy is an important procedure suggested for different thrombotic as well as cardiac disorders like atrial fibrillation, deep vein thrombosis, myocardial infarction, restenosis, pulmonary embolism and coronary artery disease. It becomes possible to prevent the clots formation by using such effective anticoagulation therapy in all these conditions. This therapy is also useful to slow down the clots growth too. Furthermore, anticoagulants are even utilized in the lab testing services such as blood transfusion, blood sample analysis, and dialysis and serum separation.
There are several factors that are projected to drive the anticoagulation therapy market over the forecast period such as several applications of anticoagulants, growing research and development for the launching of new oral anticoagulants and growing inclination towards the anticoagulants use as a substitute to antiplatelet drugs. Furthermore, increasing awareness amid physicians about anti-coagulations and increase in blood transfusions are projected to drive the market growth. On the other hand, unfavorable effects involved with anticoagulants, strict regulatory policies for the approval of the product and high price of the treatment are anticipated to hamper the anticoagulation therapy market growth. Furthermore, new product launchings into the market by key players is one of the crucial strategies to increase the revenue in anticoagulation therapy market.
Impact of COVID-19 on Anticoagulation Therapy Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.
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Geographical Analysis - Anticoagulation Therapy Market
Anticoagulation therapy market is classified into different leading regions such as North America, Asia Pacific, Middle East, Latin America and Africa. Anticoagulation therapy market in North America is expected to witness profitable growth due to the occurrence of venous thromboembolism and innovation of novel drugs to be used in anticoagulation therapy. Changing lifestyle and increasing cases of cardiovascular illnesses are the factors to boost the market in Europe region. Asia Pacific market witnessed for prominent share due to the growing aged population, upsurge in medical tourism and increase in per capita profits in the region.
Competition Assessment:
A few of the major players of the global anticoagulation therapy market are Bristol-Myers Squibb (U.S.), Pfizer, Inc. (U.S.), Alere, Inc. (U.S.), Abbott, Inc. (U.S.), F. Hoffmann La. Roche Ltd. (Switzerland), Baxter International, Inc. (U.S.), Portola Pharmaceuticals, Inc. (U.S.), Daiichi Sankyo Company Ltd. (Japan), Siemens AG (Germany) and CoaguSense, Inc. (US).
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