Increase in severe road accidents and the remarkable surge in surgical procedures are expected to propel the growth of the global antifibrinolytics drugs market. The market across the Asia-Pacific region is anticipated to portray the highest CAGR of 6.1% through 2026. On the other hand, the surgeries segment is anticipated to portray the fastest CAGR of 5.9% from 2019 to 2026.
According to the report published by Allied Market Research, the global Antifibrinolytic drugs market was pegged at $13.59 billion in 2018 and is anticipated to garner $19.33 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026.
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Increase in severe road accidents and remarkable surge in surgical procedures drive the growth of the global antifibrinolytics drugs market. On the contrary, high cost of these drugs hinders the market growth. However, unexplored potential in emerging economies creates lucrative opportunities in the near future.
The global antifibrinolytic drugs market is divided on the basis of indication, end user, and geography. Based on indication, the market is segmented into gynecology, hereditary angioedema, fibrinolytic response testing, surgeries, and others. The surgeries segment is anticipated to portray the fastest CAGR of 5.9% from 2019 to 2026. However, the gynecology segment held the largest share in 2018, accounting for one-third of the market.
On the basis of end user, the market is segmented into hospitals & clinics, ambulatory surgical centers, and healthcare specialty processes. The hospitals and clinics segment dominated the market in 2018, contributing to nearly half of the market. However, the trauma center segment is expected to manifest the fastest CAGR of 5.1% during the forecast period, owing to rise in usage of these drugs in hospitals as the majority of the surgeries are performed in hospitals.
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The global antifibrinolytics drugs market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-Pacific region is anticipated to portray the highest CAGR of 6.1% through 2026, due to rise in road accidents in the region. However, the market across North America held the lion’s share in 2018, accounting for more than two-fifths of the market.
Scope of the Report:
|Market size available for years||2019 – 2026|
|Base year considered||2020|
|Forecast period||2019 – 2026|
|Forecast units||Value (USD)|
|Segments covered||By Indication, By End User, By Region|
|Geographies covered||North America, Europe, Asia-Pacific, LAMEA|
The global antifibrinolytics drugs market report includes an in-depth analysis of the major market players such as Xanodyne Pharmaceuticals, Aurobindo Pharma Ltd., Akorn, Mylan, Zydus Cadila, ACIC Fine Chems, Amerigen Pharms Ltd., Pfizer (GenMed), Sanofi, and Takeda.
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