Pulmonary Embolism Drugs Market Trends

  • Report ID: 3400
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Pulmonary Embolism Drugs Market Trends

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)

Base Year

2024

Forecast Year

2025-2037

CAGR

6.1%

Base Year Market Size (2024)

USD 1.76 billion

Forecast Year Market Size (2037)

USD 3.85 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: 3400
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of pulmonary embolism drugs is estimated at USD 1.84 billion.

The pulmonary embolism drugs market size was valued at USD 1.76 billion in 2024 and is set to cross USD 3.85 billion by the end of 2037, expanding at more than 6.1% CAGR during the forecast period i.e., between 2025-2037. Growing incidences of heart failure and increasing prevalence of pulmonary embolism (PE) will boost the market growth.

North American region will hold largest industry share by 2037, driven by rising healthcare expenditure backed by escalating government spending to develop healthcare services.

The major players in the market include Janssen Global Services, LLC, 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.
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