Hypercoagulability Treatment Market is expected to grow with a 7% CAGR during 2023 to 2033

The global Hypercoagulability Treatment Market Size is expected to be worth US$ 670 million in 2023 and US$ 1,317.99 million by 2033, with a CAGR of 7% from 2023 to 2033. From 2018 to 2022, the market for Hypercoagulability Treatment increased at a CAGR of 4%.

The growing awareness of hypercoagulability and its repercussions, as well as the increasing prevalence of illnesses that raise the risk of hypercoagulability, are propelling the hypercoagulability therapy market forward. The rising demand for these therapies is projected to spur the development of new and innovative treatments, propelling the industry forward in the coming years. Because of the increasing prevalence of hypercoagulability and the increased focus on developing treatment choices for patients, the market is expected to rise significantly.

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Various startups are joining the market as a result of positive growth. Novela Neurotechnology, for example, is a startup based in the United States that has created Neureka, a smart platform that employs artificial intelligence to analyse and decode neurological activity in the brain. To accelerate drug discovery, the platform integrates neural interfaces and neuromodulation delivery.

North America is expected to gain a market share of around 40% throughout the projection period. This increase is due to the increasing incidence of the illness in the region. Furthermore, government efforts and an increase in the number of research collaborations are encouraging market expansion in North America.  Because of a shift towards point-of-care healthcare, Asia Pacific is a booming market. The growing number of hospitals in India and China creates a global business opportunity.

Key Takeaways from the Market Study 

• From 2018 to 2022, the Hypercoagulability Treatment market grew at a CAGR of 4%.
• The global Hypercoagulability Treatment market is expected to grow with a 7% CAGR during 2023 to 2033.
• As of 2033, the Hypercoagulability Treatment Market is expected to reach US$ 1317.99 Million
• According to the FMI analysis, hospitals account for the largest market share.
• North America is expected to possess 40% market share for the Hypercoagulability Treatment market. 
• The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period. 

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Hypercoagulability Treatment.” says an FMI analyst

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Market Competition

Key players in the market include pharmaceutical companies such as Bristol-Myers Squibb, Pfizer, Sanofi, Johnson & Johnson and Roche along with the healthcare providers and technology companies among other global players.

• In May 2020, the US Food and Drug Administration (FDA) approved Qinlock (ripretinib) tablets as a fourth-line treatment option for advanced gastrointestinal stromal tumors (GIST). Qinlock is a kinase inhibitor and is indicated for patients who have received three or more prior kinase inhibitor treatments, including imatinib. The approval was based on results of a randomized, double-blind, placebo-controlled clinical trial that enrolled 129 patients with advanced GIST. The trial showed that progression-free survival (PFS) was longer in the group receiving Qinlock compared to the placebo group. Qinlock was administered once a day in 28-day cycles until disease progression or intolerable side effects. After disease progression, patients in the placebo group had the option to switch to Qinlock. 

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Hypercoagulability Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033. 

The study reveals essential insights on the basis of route of administration, end-users and Region.

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Key Segments Profiled in the Hypercoagulability Treatment Industry Survey

Drugs:

• Heparin
• Warfarin
• Direct Thrombin Inhibitor

Route of Administration:

• Oral
• Injectable

End Users:

• Hospitals
• Speciality Centers