Heparin-induced Thrombocytopenia Market Trends

  • Report ID: 5848
  • Published Date: May 06, 2024
  • Report Format: PDF, PPT

Heparin-induced Thrombocytopenia Market Trends

Growth Drivers

  • Growing research activities and investments - The expanding inquiries about exercises and subsidizing are predicted to boost the worldwide heparin-induced thrombocytopenia market. development amid the figure period.
    For example, in June 2023, Veralox Therapeutics, a clinical-stage biotechnology organization outlined a special sort of treatment focusing on the 12-lipoxygenase pathway to oversee a few of the treatment's impressively consistent and extreme immune-mediated clutters. Moreover, Veralox got USD 24 million in financing to advance VLX-1005 using a Stage 2a proof-of-concept examination evaluating its impact on heparin-induced thrombocytopenia, a life-threatening occasional condition initiated by a distorted safe reaction to heparin introduction. 
  • Presence of advanced diagnostic tools - Among the newer diagnostics tools that have transformed the diagnosis of HIT are enzyme-linked immunosorbent assays and particle gel immunoassays.
    These tests are highly sensitive and specific, making it easier for healthcare professionals to detect the presence of HIT antibodies in patients' blood. This enhanced accuracy ensures that individuals at risk of HIT are diagnosed promptly, enabling timely intervention and appropriate treatment.

Challenges

  • High cost of treatment - Given the long duration of treatment with frequent doses over time, high costs for HIT therapy are assessed to hamper global heparin-induced thrombocytopenia market growth during the forecast period.
    For example, little data are available on the public comparison of the cost-effectiveness of these treatments despite the availability of significant non-heparin anticoagulants for the treatment of heparin-induced thrombocytopenia.
  • Side effects associated with the treatment.
  • A growing number of complications associated with treatment are set to hinder the industry expansion in the future years.  

Heparin-induced Thrombocytopenia Market: Key Insights

Base Year

2023

Forecast Year

2024 – 2036

CAGR

~5%

Base Year Market Size

~USD 10 billion

Forecast Year Market Size

~USD 63 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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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 5848
  • Published Date: May 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of heparin-induced thrombocytopenia was over USD 10 billion.

The market size for heparin-induced thrombocytopenia is projected to cross USD 63 billion by the end of 2036 expanding at a CAGR of 5% during the forecast period i.e., between 2024-2036.

The major players in the market are Pfizer Inc, Caplin Steriles Ltd, Hikma Pharmaceuticals PLC, Teva Pharmaceuticals Industries Limited, NOVARTIS AG, Eagle Pharmaceutical Inc., WEST WARD INC, and others.

In terms of end users, the hospital segment is anticipated to account for the largest market share of 40% during 2024-2036.

The North American heparin-induced thrombocytopenia is poised to hold the highest share of 35% by 2036.
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