The anticoagulant reversal drug market in Europe is expected to grow from US$ 270.0 million in 2019 to US$ 655.4 million by 2027; it is estimated to grow at a CAGR of 12.4% from 2019 to 2027. Oral anticoagulants are widely used and are highly effective in preventing thromboembolism among AFib patients. However, the use of anticoagulants may lead to bleeding in these patients; thus, anticoagulant reversal drugs are used to prevent bleeding. According to the European Society of Cardiology (ESC), in European Union (EU), 7.6 million people with age more than 65 had atrial fibrillation in 2016, and the number is expected to increase by 89% to reach 14.4 million by 2060. Similarly, as per the Stroke Association: State of the Nation 2017 report, more than 1 million people in the UK suffer from atrial fibrillation. Thus, such high prevalence of atrial fibrillation favor the growth of the anticoagulant reversal drug market in Europe.
Based on product, the Europe anticoagulant reversal drugs market is segmented into prothrombin complex concentrates, vitamin K, AndeXXa, protamine, idarucizumab, and tranexamic acid. In 2019, the vitamin K segment accounted for the largest market share. It is a reliable and fast alternative to fresh frozen plasma to control excessive bleeding as it has properties to reverse the effects of oral anticoagulant treatments, which contributes to the wide acceptance for this product. On the other hand, the market for AndeXXa is expected to grow at the fastest CAGR during the forecast period.
Countries in the European regions are witnessing severe impact of the COVID-19 pandemic. Italy, Spain, and France, among others, have reported the highest number of positive cases and deaths. As per a study published by Europe PMC in July 2020, COVID-19 patient have high susceptibility to develop thrombotic complications. It may also lead to an increased risk of upper gastrointestinal bleeding. Anticoagulant reversal drugs can help prevent excess blood loss in COVID-19 patients. The line of treatment for COVID-19 has remarkably developed as compared to the initial phases of the pandemic. A few European countries such as the UK and Germany have imposed strict lockdown in late 2020 due to the rising infection of the new strain of COVID-19. Due to this, the surgical procedures are expected to be delayed. Thus, it is expected to have minimal impact on the anticoagulant reversal drug market in Europe.
The Europe anticoagulant reversal drug market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe anticoagulant reversal drug market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the Europe anticoagulant reversal drug market. Boehringer Ingelheim International GmbH, Pfizer Inc, Octapharma AG, AMAG PHARMACEUTICALS, INC., Fresenius Kabi AG, Alexion Pharmaceuticals, Inc. (Portola Pharmaceuticals), CSL Limited, and Grifols, S.A. are among the players operating in the market in this region.
Reasons to Buy
Based on product, the Europe anticoagulant reversal drugs market is segmented into prothrombin complex concentrates, vitamin K, AndeXXa, protamine, idarucizumab, and tranexamic acid. In 2019, the vitamin K segment accounted for the largest market share. It is a reliable and fast alternative to fresh frozen plasma to control excessive bleeding as it has properties to reverse the effects of oral anticoagulant treatments, which contributes to the wide acceptance for this product. On the other hand, the market for AndeXXa is expected to grow at the fastest CAGR during the forecast period.
Countries in the European regions are witnessing severe impact of the COVID-19 pandemic. Italy, Spain, and France, among others, have reported the highest number of positive cases and deaths. As per a study published by Europe PMC in July 2020, COVID-19 patient have high susceptibility to develop thrombotic complications. It may also lead to an increased risk of upper gastrointestinal bleeding. Anticoagulant reversal drugs can help prevent excess blood loss in COVID-19 patients. The line of treatment for COVID-19 has remarkably developed as compared to the initial phases of the pandemic. A few European countries such as the UK and Germany have imposed strict lockdown in late 2020 due to the rising infection of the new strain of COVID-19. Due to this, the surgical procedures are expected to be delayed. Thus, it is expected to have minimal impact on the anticoagulant reversal drug market in Europe.
The Europe anticoagulant reversal drug market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the Europe anticoagulant reversal drug market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the Europe anticoagulant reversal drug market. Boehringer Ingelheim International GmbH, Pfizer Inc, Octapharma AG, AMAG PHARMACEUTICALS, INC., Fresenius Kabi AG, Alexion Pharmaceuticals, Inc. (Portola Pharmaceuticals), CSL Limited, and Grifols, S.A. are among the players operating in the market in this region.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe anticoagulant reversal drug market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe anticoagulant reversal drug market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the anticoagulant reversal drug market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Anticoagulant Reversal Drug Market - Market Landscape
5. Europe Anticoagulant Reversal Drug Market - Key Market Dynamics
6. Anticoagulant Reversal Drug Market - Europe Analysis
7. Europe Anticoagulant Reversal Drug Market Analysis and Forecasts To 2027 - By Product
8. Europe Anticoagulant Reversal Drug Market Analysis and Forecasts to 2027- By Distribution Channel
9. Anticoagulant Reversal Drug Market Revenue and Forecasts to 2027 - Geographical Analysis
10. Impact Of COVID-19 Pandemic on Europe Anticoagulant Reversal Drug Market
11. Industry Landscape
12. COMPANY PROFILES
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Boehringer Ingelheim International GmbH
- Pfizer Inc
- Octapharma AG
- AMAG PHARMACEUTICALS, INC.
- Fresenius Kabi AG
- Alexion Pharmaceuticals, Inc. (Portola Pharmaceuticals)
- CSL Limited
- Grifols, S.A.
Table Information
Report Attribute | Details |
---|---|
Published | May 2021 |
Forecast Period | 2019 - 2027 |
Estimated Market Value ( USD | $ 270 Million |
Forecasted Market Value ( USD | $ 655.4 Million |
Compound Annual Growth Rate | 12.4% |
Regions Covered | Europe |