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The demand for anti-coagulant drugs is on the rise across the U.S. on account of the dependence of most of the vital surgeries on heparin for appropriate and desired outcomes. For instance, procedures such as open-heart surgery, hemodialysis, and interventional procedures are mainly dependent on heparin. Similarly, according to the American Heart Association (AHA) report, coronary heart disease causes around 1 in 7 deaths in U.S aged 25 years and above. The report also stated that, about 3% of the total American suffer from myocardial infarction. This has led to increase in demand for heparin treatment. Such rising cases of chronic illness in both middle aged as well as geriatric people will augment the industry growth.
Driven by a rising patient pool suffering from chronic illness coupled with increasing demand for anticoagulant products, the U.S. industry size of heparin surpassed USD 623 million in 2019 and is set to expand at more than 7.2% CAGR through 2026.
The venous thromboembolism segment accounted for USD 328 million in 2019 and is likely to grow at a 6.8% rate through 2026 favoured by the rising number of patients requiring heparin for treatment of venous thromboembolism.
The low molecular weight heparin segment revenue in the U.S. was over USD 535.4 million in 2019 and is poised to grow substantially owing to its distinct biochemical and pharmacological properties.
The hospital pharmacy segment held a market share of 54.3% in 2019, and the rising preference of patients towards hospitals due to ease of availability of medicines will boost the market growth.