Global Fondaparinux Market: Drivers and Restraints
Fondaparinux market has influenced the demand in recent years, rising surgical procedures of knee and hip cases are majorly driving the fondaparinux market. The expanding cooperation between the key players for securing the Intellectual Property Rights (IPRs) along with manufacturing the molecule through licensed innovation, is relied upon to drive overall growth of fondaparinux market. In July 2016, Dr. Reddy’s Laboratories Ltd. gone into a concurrence with Alchemia Ltd. to buy the IPRs of fondaparinux sodium for around $US 17.5 Mn. The healthcare market is boosting 20% a year globally. These drugs are now creating an intensive market to keep patients healthier and minimize costs by neglecting unnecessary hospitalizations. The expanding predominance of thrombocytosis combined with developing an interest in quick acting and more productive therapeutics is assessed to drive overall market growth. The expanding aging population is filling the predominance of diseases such as heart infections and orthopedic conditions. Likewise, the risk of diabetes and cardiovascular infection increments with age, yielding a higher rate in grown-ups matured 60 years or more. Troublesome manufacturing procedures of this medication are in charge of its high value, which confines its utilization.
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There are risks of severe side effects with fondaparinux. Fondaparinux may bring about bleeding all the more effortlessly, particularly if the patient has a bleeding issue, hemorrhagic stroke, eye issues due to diabetes, uncontrolled hypertension, stomach or intestinal draining or ulcer, recent brain or spine surgery, late eye surgery, or adults who have kidney related problems. Uncertainty by the government regulations, also low guidance from doctors in selecting proper anticoagulant, reimbursement coverage may be weak sometimes, and accuracy or medical technology infancy is a concern to some degree during the forecast period.
Global Fondaparinux Market: Regional Outlook
Geographically, the fondaparinux market is segmented into five regions, namely North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa (MEA). Overall wellness services are rapidly growing at a healthy CAGR. North American region has a huge market owing to a large number of manufacturers, technological advancements with increasing aging population and increasing brand awareness about the upcoming drugs and treatments. North America, generic drugs account for maximum share of the market by volume followed by European countries. A few nations including France, Japan, and Spain have received good non-exclusive policies that urge medical experts to recommend generics for branded products. Generic drugs are expected to witness lucrative development over the forecast period. Asian countries (mainly China and India) and Latin American countries (mainly Brazil) are having more growth opportunities for market players in the forecast period. China is required to be a developing business sector for key pharmaceutical organizations because of the nearness of target population and high neglected clinical needs. Higher growth of fondaparinux market is mainly due to the increasing awareness among healthcare sectors/patients and penetration of top manufacturers in the untapped segment to capture more market. In Asia Pacific regions pharmaceutical industries are starting to make acquisitions, now improving the efficiency of the healthcare delivery system as well as the workforce in other sectors too.
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Global Fondaparinux Market: Key Players
The key players in the global fondaparinux market are
- Pfizer, Inc.
- Bayer Healthcare AG
- GlaxoSmithKline Plc.
- Boehringer Ingelheim
- Sanofi S.A.
- Abbott India Limited
- Aspen Holdings
- Bristol-Myers Squibb Company
- Eisai Inc.
- WisMed Pharmaceuticals
- Kaifeng Pharmaceutical
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