Global Anticoagulant Reversal Drugs Market Research Report 2021-2027: Focus on Prothrombin Complex Concentrates, Phytonadione, andexanet Alfa, Idarucizumab, Protamine – ResearchAndMarkets.com

Global Anticoagulant Reversal Drugs Market Research Report 2021-2027: Focus on Prothrombin Complex Concentrates, Phytonadione, andexanet Alfa, Idarucizumab, Protamine – ResearchAndMarkets.com




Global Anticoagulant Reversal Drugs Market Research Report 2021-2027: Focus on Prothrombin Complex Concentrates, Phytonadione, andexanet Alfa, Idarucizumab, Protamine – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Anticoagulant Reversal Drugs Market Size, Share & Trends Analysis Report by Product Type, Distribution Channel, and Segment Forecasts, 2020-2027” report has been added to ResearchAndMarkets.com’s offering.

The global anticoagulant reversal drugs market size is expected to reach USD 1.81 billion by 2027 and is expected to expand at a CAGR of 14.3% from 2020 to 2027

The rising number of bleeding disorders, the introduction of new drugs, and the growing number of cases requiring anticoagulant therapies are some of the factors anticipated to foster market growth during the forecast period.

In October 2015, Praxbind (idarucizumab) by Boehringer Ingelheim Pharmaceuticals was approved as an anticoagulant reversal drug indicated for patients treated with Pradaxa (dabigatran) during emergency surgery or uncontrolled or life-threatening bleeding.

Hence, the availability of these anticoagulation reversal drugs allows doctors and patients to consider such treatment options with greater confidence, therefore boosting the demand for anticoagulant reversal drugs.

Bleeding disorders like hemophilia can be acquired or inherited. However, other bleeding disorders can occur from conditions, such as HIV, anemia, leukemia, cirrhosis of the liver, and vitamin K deficiency. According to the National Heart, Lung, and Blood Institute, more than 3 million people in the U.S. are affected with anemia, which is the most common blood disorder.

The Leukemia & Lymphoma Society (LLS) stated that in the year 2020, the number of people expected to be diagnosed with leukemia is around 60,530. A rise in bleeding disorders is increasing the demand for anticoagulants, thus fueling the market growth.

However, the high cost of these reversal therapies is anticipated to restrain the market growth. As per the American College of Cardiology, 4-F PCC (Kcentra) helps in treating bleeding cases caused by rivaroxaban and apixaban and it is dosed at 50 units/kg. Its average wholesale price is USD 2.90 per unit, therefore treating a patient whose weight is 100 kg would cost around USD 14,500.

Anticoagulant Reversal Drugs Market Report Highlights

  • By product type, idarucizumab held the largest share in 2019 as it is currently approved in many countries, including the U.S., Europe, Canada, and Australia. Andexanet alfa is expected to witness lucrative growth over the forecast period owing to its approval and launch in key markets
  • Based on distribution channel, in 2019, the hospital pharmacy segment accounted for the largest share due to increased preference for hospital settings to treat the emergency cases during uncontrolled bleeding
  • North America dominated the market in 2019 due to the high affordability and easy availability of such costly drugs in the U.S.
  • The Asia Pacific market is expected to witness the fastest growth over the forecast period owing to the increasing awareness about bleeding disorders in emerging economies, such as India and China
  • The annual cost of treating 10 to 20 patients with idarucizumab ranges from USD 34,825 to USD 69,650, respectively with a single 5 g dose, thus hindering its demand in under-developed countries

Market Dynamics

Market driver analysis

  • Approval and launch of novel drugs
  • Increasing prevalence of bleeding disorders
  • Rise in incidence of indications for anticoagulant therapy

Market Restraint Analysis

  • High cost of reversal therapies
  • Industry challenges

Anticoagulant Reversal Drugs Market Analysis Tools

  • Industry analysis – Porter’s
  • PESTEL Analysis

Companies Mentioned

  • Portola Pharmaceuticals
  • Boehringer Ingelheim
  • CSL Behring
  • Bausch Health Companies Inc.
  • Octapharma AG
  • Dr. Reddy’s Laboratories
  • AMAG Pharmaceuticals, Inc.
  • Pfizer, Inc.
  • SGPharma Pvt. Ltd.
  • Alps Pharmaceutical Ind. Co., Ltd.
  • Fresenus Kabi AG

For more information about this report visit https://www.researchandmarkets.com/r/v5hd5w

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