Indian Anticoagulants Market Trends, Research Report, Growth, Opportunities, Forecast 2021-2027
Indian anticoagulants market is
estimated to grow at a CAGR of 8.8% during the forecast period. A significant
rise in the demand for novel oral anticoagulants has been witnessed owing to
its demonstrated safety and efficacy in trials and Indian government
initiatives to reduce the prices of NOSCs. NOACs may be safer for patients as
there is a low risk of bleeding, and these anticoagulants may also be highly effective
for the prevention of blood clots compared to warfarin. NOACs are the ideal
suggested drug class compared to warfarin, except for patients suffering from
moderate to severe mitral stenosis or an artificial heart valve.
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NOACs comprises edoxaban, dabigatran,
apixaban, and rivaroxaban. In July 2018, the Indian government has decreased
the cost of one of the three drugs that are being prescribed in India by
one-third. The Indian government has decreased the Dabigatran cost from nearly
$1 per tablet to nearly $0.3. Over the 10 years, some evidence has suggested
that NOACs could reduce the risk of stroke. Therefore, in 2018, the government
has lowered the price of NOSCs in India, which is supporting to drive market
growth.
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Scope
of the Indian Anticoagulants Market
Market
Coverage
·
Market number available for 2019-2026
·
Base year- 2019
·
Forecast period- 2020-2026
·
Segment Covered- By Type and Application
·
Competitive Landscape- Cipla Ltd., Bristol Myers
Squibb Co., Pfizer Inc., Daiichi Sankyo Co. Ltd., and Boehringer Ingelheim GmbH
Recent
Strategic Initiatives in the Indian Anticoagulants Market
·
In June 2020, Gland Pharma Ltd. along with its
partners Athenex Pharmaceutical Division and MAIA Pharmaceuticals Inc declared
the introduction of a ready-to-use Bivalirudin injection in the US. This
injection is intended for use as an anticoagulant among patients who are
experiencing percutaneous coronary intervention (PCI), which includes patients
suffering from heparin-induced thrombocytopenia and thrombosis syndrome, and
heparin-induced thrombocytopenia.
·
In October 2019, Morepen Labs has added three
new drugs, including UDCA (for liver ailments), Rivaroxaban (cardiac segment),
and Vildagliptin (diabetes segment) to its active pharmaceutical ingredients
(API) portfolio. Rivaroxaban is an anticoagulant which is a blood thinner.
Key
questions addressed by the report
·
What is the market growth rate?
·
Which segment dominates the market in the base
year?
·
Which segment will project the fastest growth in
the market?
·
How COVID-19 impacted the market?
o Recovery
Timeline
o Deviation
from the pre-COVID forecast
o Most
affected segment
·
Who is the leader in the market?
·
How players are addressing challenges to sustain
growth?
·
Where is the investment opportunity?
Indian
Anticoagulants Market-Segmentation
By
Type
·
Novel Oral Anticoagulants (NOACs)
·
Vitamin K Antagonist
·
Heparin and Low Molecular Weight Heparin (LMWH)
By
Application
·
Pulmonary Embolism
·
Atrial Fibrillation/Myocardial Infarction (Heart
Attack)
·
Deep Vein Thrombosis (DVT)
·
Others
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Company Profiles
·
Bristol Myers
Squibb Co.
·
Cipla, Ltd.
·
Daiichi Sankyo
Company, Ltd.
·
Dr. Reddy's
Laboratories
·
Gland Pharma, Ltd.
·
Glenmark
Pharmaceuticals, Ltd.
·
Lupin, Ltd.
·
Morepen
Laboratories, Ltd.
·
Pfizer, Inc.
·
Sun Pharmaceutical
Industries, Ltd.
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