Pulmonary Embolism Drugs Market Size & Share, by Drug Class (Thrombolytics, Thrombosis, Heparins, Thrombin Inhibitors); Distribution Channel (Hospital Pharmacy, Drug Store, Online Pharmacy) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3400
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

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

Pulmonary Embolism Drugs Market size is anticipated to reach USD 4 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of pulmonary embolism drugs was over USD 1 billion. The growth of the market can be attributed to the increasing prevalence of cardiovascular diseases owing to the malfunction of arteries. Cardiovascular diseases are associated with blood vessels or the heart. It is a medical condition in which the circulation of blood to the brain, heart, and body is reduced owing to blood clots. Based on the data provided by the World Health Organization (WHO), in 2019, around 17.9 million people were observed to be suffering from cardiovascular disease.

In addition to these, global market trends such as, rising awareness of healthy lifestyles promoting the importance of early diagnosis and a surge in the cases of cancer are estimated to expand the market size over the forecast period. Pulmonary embolism is observed to cause a significant number of cancers in the global population. For instance, around 5% of cancer-related deaths are accounted by pulmonary emboli which is a type of blood clot in the lungs. Furthermore, people suffering from cancer associated with the brain, lungs, stomach, and people who are noticed to be undergoing chemotherapy are at higher risk of getting pulmonary embolism. For instance, it was projected that there is estimated to be around 22 million cancer survivors owing to chemotherapy by the year 2032. Hence, all these factors are anticipated to influence the market growth positively over the forecast period.


Pulmonary Embolism Drugs Market
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Pulmonary Embolism Drugs Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Prevalence of Bone Fractures - Bone fracture is one of the major reasons to cause of pulmonary embolism since during bone injury, fat around the muscle turns into broken blood vessels. When these symptoms are developed owing to a lack of medical attention, they turn into embolism syndrome. For instance, it was anticipated that nearly 1 million individuals suffer from bone fractures annually.

  • Rising Awareness of Pulmonary Embolism Across the Globe - In modern times, owing to the developing medical technology and the launch of new innovative diagnostic devices has spurred awareness of the early diagnosis of pulmonary embolism which is anticipated to hike the market growth over the forecast period. It was estimated that around 35% of people lose their lives before getting any sort of diagnosis and treatment.

  • Increasing Prevalence of Pulmonary Embolism (PE) - The prevalence of pulmonary embolism is so high that it is third behind heart attack and stroke. For instance, approximately 300,000 people lose their lives every year in the United States.

  • Growing Incidences of Heart Failure to Boost Market Growth - Heart failure is also considered to be one of the major causes of pulmonary embolism. For instance, it was estimated that approximately 6 million Americans aged above 20 have heart failure while 900,000 new cases of heart failure are diagnosed every year in the American region.  

Challenges

  • Side Effects of Pulmonary Embolism Drugs - The possibility of side effects can be quite higher owing to the consumption of pulmonary embolism drugs such as chest pain, shortness of breath, anxiety, dizziness, fainting, and others. Hence, such a higher number of side effects owing to the consumption of these drugs was projected to hamper the growth of the market over the forecast period.
  • Higher Possibility of Blood Clotting
  • Lack of Awareness regarding Pulmonary Embolism Drugs

Pulmonary Embolism Drugs Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 1 Billion

Forecast Year Market Size (2035)

~ USD 4 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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Pulmonary Embolism Drugs Segmentation

Drug Class (Thrombolytics, Thrombosis, Heparins, Thrombin Inhibitors)

The global pulmonary embolism drugs market is segmented and analyzed for demand and supply by drug class into thrombolytics, thrombosis, heparins, thrombin inhibitors, and others. Out of these types of drug classes, the thrombosis segment is estimated to gain the largest market share in the year 2035. Thrombosis is a medical condition that is mainly caused by a lump of thick blood clots that forms in a blood vessel in the heart. Venous thrombosis is observed to be quite prevalent across the globe which is estimated to hike the market growth over the forecast period. For instance, it was expected that every year, in every 1000, 1 of them suffer from venous thrombosis. The occurrence rate of thrombosis rises after the age of 45 and is quite higher in men than women. The risk factors of thrombosis include immobility, hospitalization, trauma, pregnancy, and others.

Distribution Channel (Hospital Pharmacy, Drug Store, Online Pharmacy)

The global pulmonary embolism drugs market is also segmented and analyzed for demand and supply by distribution channel into hospital pharmacy, drug store, online pharmacy, and others. Amongst these segments, the hospital pharmacies segment is expected to garner a significant share in the year 2035. Hospitals are noticed to have luxury medical services in a single place. A huge staff of medical professionals is available to provide healthcare services 24/7. Furthermore, every nation is observed to spend a significant amount of money to develop hospital infrastructures to provide better medical services. The growth in the number of hospitals across the globe is anticipated to be backed by increasing income, population demographics, growing health awareness, and others. For instance, in India, the number of private hospitals was estimated to be around 40,000 while the number of public hospitals was anticipated to be nearly 25,000 in 2019.

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

           By Drug Class

  • Thrombolytics
  • Thrombosis
  • Heparins
  • Thrombin Inhibitors
  • Others

 

          By Distribution Channel

  • Hospital Pharmacy
  • Drug Store
  • Online Pharmacy
  • Others

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Pulmonary Embolism Drugs Industry - Regional Synopsis

North American Market Forecast

The North American pulmonary embolism drugs market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rising healthcare expenditure backed by the escalating government spending to develop healthcare services. According to a report by the World Health Organization (WHO), as of 2018, the per capita healthcare expenditure of North America is valued at USD 10,050.279. Moreover, the presence of major pharmaceutical companies in the region is estimated to boost market growth during the forecast period.

APAC Market Statistics

The Asia Pacific pulmonary embolism drugs market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The growth of the market can be attributed majorly to the high prevalence of cancer in the region backed by the growing government initiatives to launch and support programs to provide medical services for people living with cancer. For instance, in 2020, approximately 150 thousand people were estimated to be living with cancer in the Asia Pacific along with the high geriatric population, both of which are major causes of pulmonary embolism.

Europe Market Forecast

The Europe pulmonary embolism drugs market, amongst the market in all the other regions, is projected to hold a notable share during the forecast period. Factors such as, a higher prevalence of cancer in the region and higher demand for healthcare solution backed by the increasing geriatric population is estimated to propel the growth of the market over the forecast period. Moreover, the surge in research & development of pulmonary embolism drugs in the region is also anticipated to drive market growth over the forecast period.

Research Nester
Pulmonary Embolism Drugs Market Size
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Companies Dominating the Pulmonary Embolism Drugs Landscape

top-features-companies
    • Janssen Global Services, LLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Novartis AG
    • Pfizer Inc.
    • Sanofi S.A.
    • Abbott Laboratories
    • Merck & Co., Inc.
    • Boehringer Ingelheim International GmbH
    • Daiichi Sankyo Company, Limited
    • Siemens Healthcare GmbH
    • Baxter International Inc.

In-the-news

In The News

  • Janssen Pharmaceuticals, Inc. revealed the results from Phase 3 A DUE study. This Phase 3 study is to represent investigational single-tablet combination therapy.

  • Novartis AG got approval for Tafinlar (dabrafenib) + Mekinist (trametinib) from U.S. Food and Drug Administration (FDA). These medications are used to treat pediatric patients or people with brain cancer.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 3400
  • Published Date: Mar 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing incidences of heart failure and increasing prevalence of pulmonary embolism (PE) are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035.

The higher possibility of blood clotting and lack of awareness regarding pulmonary embolism drugs are estimated to be the growth-hindering factors for the market expansion.

The market in the North American region 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 Novartis AG, Pfizer Inc., Sanofi S.A., Abbott Laboratories, Merck & Co., Inc., Boehringer Ingelheim International GmbH, Daiichi Sankyo Company, Limited, Siemens Healthcare GmbH, Baxter International Inc, and others.

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 drug class, distribution channel, and by region.

The thrombosis segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Pulmonary Embolism Drugs Market Report Scope
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