Coumarin Market Size

Coumarin Market size is poised to reach USD 556 Million by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of coumarin was USD 182 Million. The reason behind the growth is due to the rising cases of cardiovascular diseases across the globe. Coumarins have been shown to have benefits on the cardiovascular system, especially in patients with arterial fibrillation, one of the most prevalent cardiac conditions. The primary clinical application of Coumarin-based anticoagulants is to prevent stroke or systemic embolism. Over the last 30 years, fatalities from cardiovascular disease increased by more than 55% worldwide. 

The growing usage of anti-cancer agents is believed to fuel the market growth. Coumarin derivatives have been used to treat several malignant conditions owing to their strong anti-tumor properties and a range of anti-tumor mechanisms and they may also slow the growth of tumor mass.