The global peptide and anticoagulant drugs market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Anticoagulants are blood thinners that prevent or reduce coagulation of blood, prolonging the clotting time. These drugs are used for deep vein thrombosis, myocardial infarction, pulmonary embolism, stroke, and others. Peptides are long-chain amino acids. The major factor for the growth of the market include the increasing prevalence of chronic diseases and increasing healthcare expenditure.
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According to the Centers for Medicare & Medicaid Services (CMS), in 2020, the US health care spending grew 9.7%, reaching $4.1 trillion and a total of $12,530 per person. Additionally, healthcare spending accounted for 19.7% of the nation’s Gross Domestic Product (GDP). Furthermore, according to World Health Organization (WHO), the global healthcare expenditure was 9.8% of the world’s GDP in 2018. Further, according to the National Center for Biotechnology Information (NCBI), approximately one in three of all adults suffer from multiple chronic conditions globally in 2018. Moreover, the rising geriatric population is also driving the growth of the market.
Some major players in the market include Abbott Laboratories, Johnson & Johnson Services, Inc., Bayer AG, and Pfizer Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in December 2020, Nacto Pharma launched a Rivaroxban molecule under the brand name RPIGAT. Rivaroxban is an anticoagulant medication used to prevent blood clots.
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Market Coverage
- Segment Covered-
- By Product
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Abbott Laboratories, Johnson & Johnson Services, Inc., Bayer AG, and Pfizer Inc.,among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Peptide and Anticoagulant Drugs Market Report by Segment
By Product
- Hormonal
- Antibiotic
- ACE Inhibitor
- Antifungal
- Others
By Application
- Diabetes
- Infectious Diseases
- Cancer
- Osteoporosis
- Cardiology
- Gynecology
- Others
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