The Antiphospholipid Syndrome Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Antiphospholipid Syndrome Treatment Global Market Report 2024, The antiphospholipid syndrome treatment market size has grown rapidly in recent years. It will grow from $42.91 billion in 2023 to $47.83 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to pharmaceutical industry growth, dye and pigment manufacturing, photographic chemicals production, polyurethane industry, hair dye and cosmetic products.
The antiphospholipid syndrome treatment market size is expected to see rapid growth in the next few years. It will grow to $73.38 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The growth in the forecast period can be attributed to continued pharmaceutical industry expansion, growing demand for sustainable dyes and pigments, rising demand for natural and organic cosmetics, increased need for agrochemical solution, rise in demand for customized solutions. Major trends in the forecast period include textile industry innovation, technological advancements in photographic industry, innovation in polyurethane applications, technological advancements in production processes, global shifts in manufacturing hubs.
The increasing prevalence of autoimmune disorders is expected to propel the growth of the antiphospholipid syndrome treatment market going forward. Autoimmune disorders refer to a category of medical conditions characterized by an abnormal immune response in which the body’s immune system mistakenly targets and attacks its tissues and cells. Antiphospholipid syndrome (APS) is an autoimmune disease that can cause digestive system involvement, including irritable bowel syndrome (IBS), a type of autoimmune disorder that affects the intestinal tract. Antiphospholipid syndrome treatment is used in patients with inflammatory bowel diseases who are receiving treatment with anti-TNF drugs. For instance, in June 2023, according to Crohn’s and Colitis Canada, a Canada-based non-profit organization, over 322,600 Canadians were estimated to be living with inflammatory bowel diseases (IBD) in 2023, accounting for approximately 0.82% of the population. It is estimated that around 470,000 Canadians will be living with IBD by 2035, or about 1.1% of the population, or 1 in every 91 people in the country. Therefore, the increasing prevalence of autoimmune disorders is driving the growth of the antiphospholipid syndrome treatment market.
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The antiphospholipid syndrome treatment market covered in this report is segmented –
1) By Treatment Type: Medications, Preventative (Prophylaxis) Therapy, Other Treatment Types
2) By Indication Type: Primary Antiphospholipid Syndrome, Secondary Antiphospholipid Syndrome, Catastrophic Antiphospholipid Syndrome
3) By Route of Administration: Oral, Parental, Other Routes of Administration
4) By End-Users: Hospitals, Homecare, Specialty Centers, Other End-Users
Major companies operating in the antiphospholipid syndrome treatment market are increasing their focus on developing novel anticoagulants to gain a competitive edge in the market. Novel anticoagulants refer to a class of medications designed to prevent the formation of blood clots. Unlike traditional anticoagulants like warfarin, novel anticoagulants work by directly inhibiting specific clotting factors in the blood, such as thrombin or factor Xa. For instance, in August 2023, Cadrenal Therapeutics Inc., a US-based pharmaceutical company, expanded its evaluation of tecarfarin as a treatment option for patients with antiphospholipid syndrome (APS). Tecarfarin is a novel oral and reversible anticoagulant that helps thin the blood. It works by blocking the production of clotting factors in the liver and is classified as a vitamin K antagonist. Tecarfarin has undergone 11 human clinical trials, including Phase 1, Phase 2, and Phase 2/3 clinical trials, involving more than a thousand individuals.
The antiphospholipid syndrome treatment market report table of contents includes:
1. Executive Summary
2. Antiphospholipid Syndrome Treatment Market Characteristics
3. Antiphospholipid Syndrome Treatment Market Trends And Strategies
4. Antiphospholipid Syndrome Treatment Market – Macro Economic Scenario
5. Global Antiphospholipid Syndrome Treatment Market Size and Growth
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26. South America Antiphospholipid Syndrome Treatment Market
27. Brazil Antiphospholipid Syndrome Treatment Market
28. Middle East Antiphospholipid Syndrome Treatment Market
29. Africa Antiphospholipid Syndrome Treatment Market
30. Antiphospholipid Syndrome Treatment Market Competitive Landscape And Company Profiles
Top Major Players:
- Pfizer Inc.
- Johnson & Johnson
- F. Hoffmann-La Roche Ltd
- AbbVie Inc
- Bayer AG
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