Heparin Market Size & Share, by Product Type (Low Molecular Weight, Unfractionated); Route of Administration (Intravenous Infusion, Subcutaneous Injection); Application (Deep Vein Thrombosis, Heart Attacks, Stroke, Atrial Fibrillation); End-user (Hospitals, Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3402
  • Published Date: Mar 15, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Heparin Market size is expected to reach USD 15 billion by the end of 2035, growing at a CAGR of 4% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of heparin was USD 10 billion. The market growth is primarily driven by higher instances of cancer among the population. For instance, in 2040, the new cancer case count is anticipated to be nearly 28 million and the death toll is likely to reach around 16 million. Furthermore, the rising prevalence of coronary artery disease and venous thromboembolism is also fueling the growth of the heparin market over the forecast period.

Rising cases of accidents owing to vehicle crashes are expected to propel the market growth. As per the data of the World Health Organization, road accident is the most common cause of death of children and adults aged 5 to 29 and about 1.3 million people every year die in road accident globally. Furthermore, blood clotting during surgeries owing to several conditions also boosts the growth of the global heparin market.

 

 


Heparin-Market-scope
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Heparin Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Pressure of Chronic Diseases on the World - Chronic diseases/Non-communicable diseases are currently the major cause of death among adults in almost all countries. This growing burden of chronic diseases is anticipated to boost the heparin market. As per the National Library of Medicine, every 3 in 5 deaths are attributed to a chronic disease such as cardiovascular disease, lung problem, diabetes, and others.

  • Rising Cases of Thromboembolism - In the United States, around 900,000 people are affected by pulmonary embolism or deep vein thrombosis. Moreover, up to 100,000 deaths are caused by venous thromboembolism globally.

  • Increase in Number of Cancer Patients - According to the World Health Organization, in 2020, around 2 million new cases of lung cancer and nearly 2.26 million of breast cancer were reported. Moreover, 10 million people died because of cancer.

  • Increased Cases of Injury and Deaths by Road Accidents - Fatal and non-fatal road accidents impose a burden of approximately 8 trillion dollars on the world’s economy and globally every day, around 3700 people die in a road accident.

  • Higher Instances of Renal Failure- For instance, globally, around 850 million people have acquired some kind of kidney problem.

Challenges

  • Side Effects of Heparin in Some Patients - Side effects associated with heparin such as, chest pain, irregular heartbeats, skin discoloration, irregular bleeding, shortness of breath, and others are likely to hamper the growth of the heparin market.
  • The dearth of Raw Material Required for the Heparin Formulation
  • Higher Cost of Certain Types of Heparin

Heparin Market: Key Insights

Base Year

   2022

Forecast Year

   2023-2035

CAGR

   ~4%

Base Year Market Size (2022)

   ~USD 10 billion

Forecast Year Market Size (2035)

   ~USD 15 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Heparin Segmentation

Application (Deep Vein Thrombosis, Heart Attacks, Stroke, Atrial Fibrillation)

The heparin market is segmented and analyzed for demand and supply by application into deep vein thrombosis, heart attacks stroke, atrial fibrillation, and others. Out of all, the heart attacks segment is to garner the highest revenue by the end of 2035. This can be attributed to the rising prevalence of heart-related disorders across the globe. According to the World Health Organization, in 2019, around 18 million people die due to cardiovascular diseases and the global share of the CVD death is nearly 32%. Out of these deaths, about 85% were attributed to heart strokes and attacks. Therefore, the rise in cardiovascular problems is driving the growth of the segment. After heart strokes, the atrial fibrillation segment is anticipated to hold the position of second largest segment in the forecast period. This can be attributed to seeing a sizable amount of the global population suffering from this disease.

Route of Administration (Intravenous Infusion, Subcutaneous Injection)

The heparin market is segmented and analyzed for demand and supply by route of administration into subcutaneous injection and intravenous injection. The subcutaneous injection segment had the largest market share owing to the growing demand for home healthcare services, low hospitalized associated costs, and a few more properties like convenience in administration are factors driving the growth of this segment. The higher tolerance rate of patients for subcutaneous heparin performs as a benefit for the segment. The intravenous segment is anticipated to grow at a lucrative rate in the forecast year. The heparin especially unfractionated heparin is conducted through the intravenous route. It acts softly to prevent blood clots and also offers rapid entry into the bloodstream.

Our in-depth analysis of the global market includes the following segments:

         By Product Type

  • Low Molecular Weight Heparin
  • Unfractionated Heparin

         By Route of Administration

  • Intravenous Infusion
  • Subcutaneous Injection

        By Application

  • Deep Vein thrombosis
  • Heart Attack
  • Stroke
  • Atrial Fibrillation
  • Others

          By End-User

  • Hospitals
  • Clinics
  • Others

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Heparin Industry - Regional Synopsis

North American Market Forecast   

The North American heparin market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The market growth in the region is attributed to a higher number of people developing chronic kidney diseases, followed by surging healthcare expenditure. According to the Centers for Disease Control and Prevention, in 2021, 15% of adults in the United States have chronic kidney disease which is nearly 37 million people in the country. Moreover, rising instances of road accidents are expected to propel the market growth. As of January 2022, about 1 million road accidents took place in the United States.

APAC Market Statistics

The market in Asia Pacific is estimated to account for significant growth in the forecast period. The expansion in venous thromboembolism and cardiovascular diseases, increasing geriatric population, rising chronic disease in a large population, growing healthcare expenditure, and initiatives undertaken by the government of the region are the primary factors driving the growth of the heparin market. The major countries that cover the heparin market in the Asia Pacific region are China, Japan, India, South Korea, Malaysia, Australia, Indonesia, and the Rest of Asia Pacific.

Research Nester
Heparin-Market-Regional
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Companies Dominating the Heparin Landscape

top-features-companies
    • Aspen Holdings
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Opocrin S.p.A.
    • LEO Pharma Inc.
    • Baxter
    • Dr. Reddy’s Laboratories Ltd.
    • Pfizer Inc.
    • B. Braun Medical Inc.
    • Bioiberica S.A.U.
    • Hebei Changshan Biochemical Pharmaceutical Co., Ltd.
    • Fresenius Kabi Canada

In the News

  • Amcor Group GmbH has launched its latest OmniPack PET bottles to meet the requirements for e-commerce-ready packaging. Amcor has designed a family of stock PET bottles that help co-packers to meet demanding requirements for e-commerce-ready packaging.

  • ALPLA Group along with Voslaur has entered into a partnership to develop a new PET bottle for the Austrian market that will reduce the carbon footprint by 30% and reduces bottle weight by almost 90% in comparison to reusable substitute made up of glass.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 3402
  • Published Date: Mar 15, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The higher number of patients with cancer, increased prevalence of chronic disease, rising cases of thromboembolism, and road accidents are a few factors likely to propel the market growth.

The market is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2023-2035.

Lack of raw materials, higher prices of certain products, and side effects of heparin are the few factors likely to hamper market growth.

The market in North America is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Aspen Holdings and Opocrin S.p.A ., Leo Pharma Inc, Baxter, Dr.Reddy’s Laboratories Ltd., Pfizer Inc., B.Braun Medical Inc., Bioberica S.A.U., Hebei Changshan Biochemical Pharmaceutical Co., Ltd., Fresenius Kabi Canada, and so on.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by product type, route of administration, application, end user, and region.

The heart stroke segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Heparin Market Report Scope
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