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As per the latest report by IMARC Group, titled “Heparin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global heparin market size reached US$ 10.9 Billion in 2019. Heparin (C12H19NO20S3) is an anticoagulant (blood thinner) that assists in preventing thromboembolic complications. In this complication, clots travel from their site of origin to clog up another vessel through the bloodstream. Heparin is generally injected into the muscle or the veins to break up clots and maintain the smooth fluidity of the blood. Therefore, it is utilized in the treatment of heart conditions and unstable angina. Besides this, it is also used in post-surgeries, and during dialysis and blood transfusion.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Heparin Market Trends:
The growing cases of vascular diseases, such as deep vein thrombosis (DVT) and pulmonary embolism (PE), represent one of the significant factors that are positively influencing the demand for heparin across the globe. Heparin has been proven to be an effective drug for venous thromboembolism and cardiovascular disorders (CVDs), which is also fueling the market growth. Furthermore, some of the leading biopharmaceutical companies are increasing their budget for research and development (R&D) to improve the therapeutic potential of heparin and reduce its side-effects. The market is also driven by numerous advancements in the field of carbohydrate synthesis, which include building block preparation, coupling reactions and the development of convergent strategies. Apart from this, the availability of synthetic and semi-synthetic heparin mimetics, which assist in treating various types of cancer, coagulation and inflammatory diseases, is anticipated to bolster the market growth in the upcoming years. Looking forward, the market value is projected to reach US$ 14.8 Billion by 2025, expanding at a CAGR of 5.2% during the forecast period (2020-2025).
Market Summary:
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