Global Antifibrinolytic Drugs Market was Valued at $14,106.2 Million in 2020 with a CAGR of 4.7% from 2021 to 2027

Antifibrinolytics drugs promote blood clotting by preventing and slowing down fibrinolysis. Antifibrinolytics drugs are used as a treatment for hemophilia, in surgical procedures to prevent extreme blood loss, and for heavy menstrual bleeding.

The Rising Prevalence and Incidence of Hemophilia and the Increase in Surgical Procedures along with Raising Awareness for the Treatment of Angioedema has boosted the market growth.

The rising incidence of hemophilia and the increase in surgical procedures is boosting the market growth. For instance, according to an international meta-analysis, approximately 1.125 million people have hemophilia worldwide. According to the Centers for Disease Control and Prevention, in the United States, Hemophilia A affects 1 in 5,000 male births. Each year, around 400 babies are born with hemophilia A. In the United States, the number of males with hemophilia living is estimated to be between 30,000 and 33,000. According to the Haemophilia Foundation Australia, more than 6,300 people in Australia were diagnosed with a bleeding disorder in 2020. In Australia, there are more than 2,900 people diagnosed with varying degrees of hemophilia. More than 2,200 people have been diagnosed with Von Willebrand disease (VWD) in Australia. Further, increasing regulatory approval of antifibrinolytic drugs is a key driving factor of the market. For instance, Sunny Pharmtech, Inc., and Vitruvius Therapeutics Inc., announced that their Abbreviated New Drug Application (“ANDA”) for Aminocaproic Acid Tablets 500 mg and 1000 mg tablets had received approval from the U.S. Food and Drug Administration.

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Hereditary Angioedema, Gynecology, Fibrinolytic Response Testing, and Surgeries is the type segment of the market scope. By drug type, the market is divided into Aminocaproic Acid, Amicar, RiaSTAP, Tranexamic Acid Injection, and Others. By end-user, the market is further divided into Hospitals and Clinics, Ambulatory Surgical Centers, Others. The report covers value of the global market by type, drug type, and end-user.

Based on type, the gynecology segment accounted for the majority of the antifibrinolytic drugs market share in 2020 and is expected to exhibit a prominent growth rate in the near future, owing to the increased adoption of antifibrinolytic drugs to prevent menorrhagia, heavy menstrual flow.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global antifibrinolytic drugs value figures. While North America is further categorized into enhancing the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

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North America was dominating the antifibrinolytic drugs market in 2020 due to the rising incidence of accidents and sports injuries. For instance, Road accidents, workplace accidents and sport-related injuries present a pressing public health problem in the world. In the U.S., more than 30 million people are treated and released from hospitals and emergency departments for non-fatal injuries. Around 30% of injury includes wounds and superficial injuries. The incidence of non-fatal injury was highest among youth, at approximately 120 per 1,000 persons. Moreover, commercialization of regulatory approved antifibrinolytic drugs and collaboration between companies to develop antifibrinolytic drugs are the strategies adopted by the North American companies for the antifibrinolytic drugs market.

Major players operating in the antifibrinolytic drugs industry include Bayer AG, Akorn Inc., Mylan N.V., Sandoz, Pfizer Inc., Takeda Pharmaceutical, Aurobindo Pharma Limited, and ANI Pharmaceuticals, Inc.

The partnership between companies to develop antifibrinolytic drugs and expand their market presence, rising awareness by the companies for the treatment of blood-related disorders and angioedema, and commercialization of regulatory approved antifibrinolytic drugs are some of the strategies adopted by the major players.

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