Antithrombotic is a drug that helps prevent the formation of thrombus or clot. Antithrombotic and anticoagulant agents are drugs used to reduce the formation of blood clots by reducing the body’s capability to form a blood clot. These drugs act by preventing the production of vitamin K in the liver. Antiplatelet, anticoagulant, and thrombolytic agents are different types of antithrombotic agents that act through different clotting processes. Arterial and venous thrombosis, the two types of thrombosis, can be treated with antithrombotic drugs.
The three key causes of thrombosis are hypercoagulability, abnormal flow of blood, and injury caused to endothelial cells of the blood vessel wall. These causes result from genetic conditions, inactivity, smoking, blood vessel damage, pregnancy, and obesity. Currently, thrombosis and associated disorders including myocardial infarction, stroke, and pulmonary embolism are primarily treated with off-patent anticoagulant drugs viz. warfarin and heparin. The other form of antithrombotic drugs i.e. aspirin is also off-patent. With a few patented effective cures available in the market, pharmaceutical companies have ample opportunities to innovate new products. The new drugs could be profitable for them, as the burgeoning world population would ensure steady increase in the demand for such life-saving drugs. The global antithrombotic/anticoagulant drugs market is expected to witness high growth during the forecast period, owing to factors such as high availability of these drugs and chronic conditions associated with thrombosis that require long-term drug administration.
The antithrombotic/anticoagulant drugs market has been segmented by drug class, application, route of administration, and end-user. Based on drug class, the global antithrombotic/anticoagulant drugs market has been segmented into coumarins & indandiones, factor Xa inhibitors, heparins, and thrombin inhibitors. Based on application, the market can be segmented into atrial fibrillation, deep vein thrombosis, artificial heart valve, pulmonary embolism, prevention of blood clots (for example, genetic clotting disorders, stroke, and trauma), and heart attack. All over the world, more than 10 million deaths are caused by arterial thrombotic events every year. Rising prevalence of cardiovascular diseases and accidental injuries is a key factor expected to boost the antithrombotic/anticoagulant market during the forecast period.
Based on route of administration, the global antithrombotic/anticoagulant drugs market has been segmented into oral route and parenteral route. The parenteral route segment is expected to witness high growth during the forecast period, owing to rapid onset of action shown by parenteral drugs. By end-user, the market has been segmented into hospitals, specialty clinics, and ambulatory surgical centers. Among these, the hospitals segment accounted for a major market share in 2016, while the specialty clinics segment is expected to witness high growth during the forecast period. The global market for antithrombotic/anticoagulant drugs is also driven by some other factors such as lack of specific substitutes for antithrombotic and anticoagulant drugs, rising geriatric population, rising prevalence of thrombosis, and recent developments in the pharmaceutical industry.
Geographically, the global antithrombotic/anticoagulant drugs market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to hold a high share of the global antithrombotic/anticoagulant drugs market during the forecast period, owing to development of new drugs and increasing prevalence of cardiovascular and blood-related diseases in the region. The market in Asia Pacific is expected to register high CAGR during the forecast period owing to presence of high population based countries such as India and China in the region. Both producers and sellers of antithrombotic and anticoagulant drugs will see growth in the region. Most of the times, these drugs are readily available in the market. However, not a single drug is sufficiently effective in tackling the disease and is without any side-effects. As a result, search for newer and better versions of antithrombotic and anticoagulant drugs without side-effects is being carried out by different players.
Key players operating in the global antithrombotic/anticoagulant drugs market are Bayer AG, Novartis AG, GlaxoSmithKline plc, Bristol Myers Squibb Company, Sanofi, Boehringer Ingelheim GmbH, Genentech, Inc., AstraZeneca plc, Eli Lilly & Company, and Pfizer, Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.