Fondaparinux Market Size

Fondaparinux Market Analysis

The fondaparinux market is expected to register a CAGR of 6.2% over the forecast period.

Global supply chains and pharmaceutical treatment protocols were disrupted by the COVID-19 pandemic, which also impacted the fondaparinux market. However, patients with COVID-19 had a high prevalence of thrombosis, particularly in ICU patients. For instance, as per the study report published by the Thrombosis Journal in May 2021, its prevalence was 22% in patients infected with SARS-CoV-2 and increased to 43% after admission to ICU. Hence, the demand for anticoagulants like fondaparinux was significantly higher during the pandemic as it is used for the treatment of thrombosis. Furthermore, as per the report published by Lancet Infectious Diseases in August 2022, the risk of arterial thrombosis increases by three to six times after respiratory and other infections, while the risk of venous thrombosis increases by two to three times. Thus, the risk of thrombosis in COVID-19-recovered patients is expected to increase. This boosts the demand for fondaparinux and is expected to drive the market over the forecast period.

The growing share of the geriatric population, the increase in cardiovascular diseases, and the increasing research and development activities are the major factors driving the growth of the market. Fondaparinux is used in the treatment of cardiac diseases since it helps in the prevention and treatment of venous thromboembolism and the treatment of non-ST elevation acute coronary syndromes. Hence, the increase in cardiovascular diseases is expected to have a positive impact on the market. For instance, as per the report published by British Heart Foundation in 2022, in the United Kingdom, there are about 7.6 million people with heart and circulatory disorders. However, with an ageing and expanding population, as well as better survival rates from heart and circulatory events, these numbers could continue to rise. Hence, the significant rise in heart and circulatory disorders with time is expected to increase the demand for fondaparinux and drive the market over the study period.

Furthermore, the increasing research and development activities related to fondaparinux to broaden its application are expected to propel the fondaparinux market's growth. For instance, as per the study report published by BMC Surgery in June 2022, when compared to low molecular weight heparin, fondaparinux sodium is likely to have a higher rate of successful thromboprophylaxis in hospitalized patients undergoing major orthopaedic surgery or trauma. Such research studies focusing on fondaparinux increase the scope for the usage of the drug and are expected to boost the growth of the studied market over the forecast period. Therefore, the factors mentioned above, like the growing burden of cardiovascular diseases, along with increased R&D funding, are expected to have a positive impact on the market during the forecast period. However, a lack of awareness among people regarding the venous thromboembolism condition may hinder the growth of the market.