Aprotinin Market: Introduction
- Aprotinin, or bovine pancreatic trypsin inhibitor (BPTI), is a protein-based drug. Aprotinin has the capacity to slow fibrinolysis; hence, it has been utilized to minimize bleeding during complicated surgical procedures including heart and liver surgeries. Usually, Aprotinin is administered via injection. It is utilized primarily during surgery; hence it is administered on unconscious patients.
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- Aprotinin is also employed to reduce end-organ damage, which results from hypotension owing to blood loss in surgery and to minimize the requirement for blood transfusions during surgery. Aprotinin is indicated for prophylactic usage to minimize perioperative blood loss and the requirements for blood transfusion in patients undergoing cardiopulmonary bypass during coronary artery bypass graft surgery who are at the higher risk of blood loss and blood transfusion.
- The global Aprotinin market can be segmented based on indication, form, end-user, and region. In terms of indication, the global market can be classified into heart surgery (bypass surgery), liver surgery, graft surgery, pancreatitis, and others. Based on end-user, the global Aprotinin market can be categorized into pharmaceutical companies, diagnostic laboratories, academic institutes, contract research organizations, hospitals, ambulatory surgical centers, clinics, and pharmacies. In terms of form, the global Aprotinin market can divided into Aprotinin from bovine lung and recombinant Aprotinin.
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Key Drivers, Restraints, and Opportunities of Global Aprotinin Market
- Increase in number of cases of chronic disorders is a major factor fueling the global Aprotinin market. Additionally, a rise in awareness among patients about the advantages of Aprotinin, such as lower risk of side-effects and high efficiency, further boost the global Aprotinin market. The COVID-19 crisis provides lucrative opportunities to players operating in the global Aprotinin market.
- Extensive research & development activities in the field of protein engineering and major technological advancements in healthcare infrastructure are other factors that are projected to propel the global Aprotinin market
- Increase in adoption of Aprotinin in developed countries, including China and India, present considerable opportunities for the global Aprotinin market. Rise in number of cases of road accidents and surge in surgeries are also key factors fueling the global market.
- However, high cost of research & development and complicated government approval procedures are major factors restraining the global Aprotinin market
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North America to Capture Major Share of Global Aprotinin Market
- North America is projected to account for a major share of the global Aprotinin market. Increase in bypass surgeries and a rise in the number of patients suffering from chronic disorders propel
- the Aprotinin market in the region. Presence of major players such as Sigma-Aldrich and AMRESCO augments the Aprotinin market in North America. Additionally, favorable reimbursement policies and technological advancements boost the market in the region. Furthermore, increase in cases of accidents and injuries drive the market in North America.
- The market in Asia Pacific is anticipated to expand significantly during the forecast period owing to a rise in healthcare expenditure, increase in geriatric population, surge in disposable income, higher incidence of chronic diseases, and accelerating research & development activities along with significant investment in R&D. Moreover, a rise in awareness about adoption of Aprotinin in major surgeries, especially in grafting, propels the market in the region. Increase in product launches along with product approvals further fuels the market in Asia Pacific.
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Key Players Operating in Global Aprotinin Market
The global Aprotinin market is highly fragmented, with the presence of various key players. A large number of manufacturers hold major share in their respective regions. Major players operating in the global Aprotinin market are:
- Beijing Geyuantianrun Bio-tech
- Cayman Chemical
- Taj Pharmaceuticals Limited
- Guangdong Techpool Bio-pharma
- S. Joshi & Company
- Enzymeking Biotechnology
- AdooQ BioScience
- Yaxin Biotechnology
- PanReac AppliChem
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