The globalย hypercoagulability treatment marketย is expected to garner a market value of US$ 670 million in 2023 and is expected to accumulate a market value of US$ 1,317.99 million by registering a CAGR of 7% in the forecast period 2023 to 2033. The market for Hypercoagulability Treatment registered a CAGR of 4% in the historical period 2018 to 2022.
The rising awareness about hypercoagulability and its consequences, along with the increasing incidence of conditions that increase the risk of hypercoagulability, are driving the growth of the hypercoagulability treatment market. The increasing demand for these treatments is expected to lead to the development of new and innovative treatments, which will drive the growth of the market in the coming years. The market is likely to witness significant growth due to the increasing prevalence of hypercoagulability and the increasing focus on improving treatment options for patients.
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As a result of positive growth, various startups are entering the market. For instance, Novela Neurotechnology is a US-based startup that has developed Neureka, a smart platform that uses artificial intelligence to understand and decode neurological activity in the brain. The platform combines neural interfaces and neuromodulation delivery to speed up drug discovery.
North America is anticipated to acquire a market share of about 40% in the forecast period. This growth is attributable to the rising prevalence of the condition in the region. Furthermore, government initiatives and increase in the number of research partnerships are boosting the market growth across North America. Asia Pacific is a growing market due to a shift towards point-of-care healthcare. The increasing number of hospitals in India and China presents a promising market opportunity globally.
Key Takeaways from the Market Study
- From 2018 to 2022, the Hypercoagulability Treatment market grew at a CAGR of 4%.
- The global Hypercoagulability Treatment market is expected to grow with a 7% CAGR during 2023 to 2033.
- As of 2033, the Hypercoagulability Treatment Market is expected to reach US$ 1317.99 Million
- According to the FMI analysis, hospitals account for the largest market share.
- North America is expected to possess 40% market share for the Hypercoagulability Treatment market.
- The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period.
โA series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Hypercoagulability Treatment.โ says an FMI analyst
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Market Competition
Key players in the market include pharmaceutical companies such as Bristol-Myers Squibb, Pfizer, Sanofi, Johnson & Johnson and Roche along with the healthcare providers and technology companies among other global players.
- In May 2020, the US Food and Drug Administration (FDA) approved Qinlock (ripretinib) tablets as a fourth-line treatment option for advanced gastrointestinal stromal tumors (GIST). Qinlock is a kinase inhibitor and is indicated for patients who have received three or more prior kinase inhibitor treatments, including imatinib. The approval was based on results of a randomized, double-blind, placebo-controlled clinical trial that enrolled 129 patients with advanced GIST. The trial showed that progression-free survival (PFS) was longer in the group receiving Qinlock compared to the placebo group. Qinlock was administered once a day in 28-day cycles until disease progression or intolerable side effects. After disease progression, patients in the placebo group had the option to switch to Qinlock.
More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Hypercoagulability Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of route of administration, end-users and Region.
Key Segments Profiled in the Hypercoagulability Treatment Industry Survey
Drugs:
- Heparin
- Warfarin
- Direct Thrombin Inhibitor
Route of Administration:
- Oral
- Injectable
End Users:
- Hospitals
- Speciality Centers
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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