There will be a massive growth in revenue for the Anticoagulant Reversal Drugs Industry through 2027
Anticoagulant Reversal Drugs are required to reverse the effect of anticoagulation in certain situations such as unplanned surgery, overdose of anticoagulant therapy, and uncontrolled bleeding. In medical conditions such as venous thromboembolism, atrial fibrillation (AF), mechanical valve replacement, and other coagulation disorders such as antiphospholipid antibody syndrome, Factor V Leiden, anticoagulant reversal drugs are used.
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Various players operating in the anticoagulant reversal
drugs market are developing and launching new products to expand their
geographic reach and capacity to cater a large number of customers. In April
2018, Boehringer Ingelheim, a leading pharmaceutical company, received the US
Food and Drug Administration (FDA) full approval for Praxbind (idarucizumab),
the specific reversal agent for Pradaxa (dabigatran etexilate mesylate).
Additionally, in January 2019, AMAG Pharmaceuticals acquired Perosphere
Pharmaceuticals, a private biopharmaceutical company. AMAG Pharmaceuticals,
through this acquisition expanded its anticoagulant reversal ciraparantag to
its portfolio. Similarly, in May 2018, Portola Pharmaceuticals received FDA
approval for the rapid reversal of anticoagulation due to major bleeding. Such
developments and approvals of new products are likely to favor the market
growth.
Geographically, the anticoagulant reversal drugs market is
segmented into North America, Europe, Asia Pacific, the Middle East and Africa,
and South and Central America. North America held the largest market share in
2019. In North America, the US is the largest market for anticoagulant reversal
drugs. The growth of the market in the region is attributed to the presence of
key market players and their product development efforts. Additionally, the
escalating prevalence of atrial fibrillation further contributes to the growth
of the anticoagulant reversal drugs market in North America.
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