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Heparin Market size is expected to reach USD 9.03 billion by 2030

  The global  heparin market  size is expected to reach USD 9.03 billion by 2030, expanding at a CAGR of 2.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing geriatric population and heightened demand for transfusions are key factors propelling the market growth. Moreover, the outbreak of COVID-19 has further propelled the market growth. For instance, as per The Lancet Journal in 2022, the demand for heparin exacerbated attributable to its use in COVID-19 patients for thromboprophylaxis. Increasing demand for blood components, transfusion, and plasma derivatives in the treatment of infectious diseases is expected to drive the market. For instance, according to American Red Cross in 2022, around 16 million blood components are transfused each year in the U.S. Furthermore, the surge in the number of surgeries that were delayed due to the COVID-19 pandemic has further escalated the demand for heparin for blood-clot prevention. Th...

Heparin Market size is expected to reach USD 9.03 billion by 2030

  Heparin  Industry Overview The global heparin market size was estimated at USD 7.56 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2030. The increasing prevalence of chronic diseases is a major factor in market growth. According to a WHO article published in September 2023, Noncommunicable diseases (NCDs), also known as chronic diseases, cause about 41 million deaths annually, of which 17.9 million deaths are attributed to cardiovascular diseases (CVD). Cancer causes 9.3 million deaths, chronic respiratory diseases lead to 4.1 million deaths, and diabetes contributes to 2 million deaths, including those from diabetes-related kidney diseases. Growing demand for whole blood and blood components transfusion, increasing geriatric population and high usage of plasma in the pharmaceutical industry are factors expected to drive this market’s growth. Growing demand for whole blood and blood components transfusion ...

Heparin Market size is expected to reach USD 9.03 billion by 2030

  Heparin Industry Overview The global heparin market size was estimated at USD 7.56 billion in 2023   and is projected to grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2030. The increasing prevalence of chronic diseases is a major factor in market growth. According to a WHO article published in September 2023, Noncommunicable diseases (NCDs), also known as chronic diseases, cause about 41 million deaths annually, of which 17.9 million deaths are attributed to cardiovascular diseases (CVD). Cancer causes 9.3 million deaths, chronic respiratory diseases lead to 4.1 million deaths, and diabetes contributes to 2 million deaths, including those from diabetes-related kidney diseases. Growing demand for whole blood and blood components transfusion, increasing geriatric population and high usage of plasma in the pharmaceutical industry are factors expected to drive this market’s growth. Gather more insights about the market drivers, restrains and growth ...