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The heparin market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 4%, as per The Business Research Company’s market report!

Read More On The Heparin Market Report 2022 – https://www.thebusinessresearchcompany.com/report/heparin-global-market-report

The Heparin Market Size In 2022 And Forecast

The global heparin market is expected to grow from $8.10 billion in 2021 to $8.64 billion in 2022 at a compound annual growth rate (CAGR) of 6.62%. The global heparin market size is expected to grow to $10.44 billion in 2026 at a compound annual growth rate (CAGR) of 4.86%

The heparin market consists of sales of heparin by entities (organizations, partnerships, and sole proprietors) that refer to an anticoagulant (blood thinner) medication that prevents the formation of blood clots.

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Increase In Prevalence Of Chronic Diseases Is Driving The Growth Of The Heparin Market

For instance, according to a research report published in September 2020 by the American Action Forum, the prevalence and cost of chronic diseases in the US are growing and will continue to grow because of an increase in disease prevalence among children and young adults, in addition to the aging of the Baby Boomer (people born between 1946 and 1964) generation. Furthermore, according to the national public health agency of the US, the Centers for Disease Control and Prevention, 6 in 10 adults in the US have a chronic disease and 4 in 10 adults have two or more chronic diseases. Therefore, the increasing prevalence of chronic diseases will drive the growth of the heparin market.

Competitive Landscape And The Regional Analysis Of The Heparin Market

Major players in the heparin market are Baxter, B. Braun Medical Inc, Dr. Reddy’s Laboratories Ltd, Fresenius SE & Co. KGaA, Leo Pharma A/S, Pfizer Inc, Sanofi, Opocrin S.p.A., Aspen Holdings, GlaxoSmithKline plc, Hebei Changshan Biochemical Pharmaceutical Co, Bioiberica SAU, Shenzhen Hepalink, Rovi, Sandoz, Tiandong Pharma, and Viatris Inc.

Additionally, as per TBRC’s research – North America was the largest region in the heparin market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Heparin Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the heparin market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the heparin market.

Product Advancement – A Key Trend In The Heparin Market

Key players and their research wings are increasingly focusing on developing the most advanced and improved heparin or heparin prefilled syringe with precision and convenience to increase their business reach and presence across the globe.

Heparin Market Segmentation By The Business Research Company

1) By Product: Unfractionated Heparin, Low Molecular Weight Heparin (LMWH), Ultra-Low Molecular Weight Heparin (ULMWH)

2) By Source: Bovine, Porcine

3) By Route of Administration: Intravenous, Subcutaneous

4) By Application: Venous Thromboembolism, Atrial Fibrillation, Renal Impairment, Coronary Artery Disease, Others

5) By Distribution Channel: Hospital Pharmacies, Drug Stores and Retail Pharmacies, Online Pharmacies

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