Market Size of United States Heparin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.33 Billion |
| Market Size (2029) | USD 1.82 Billion |
| CAGR (2024 - 2029) | 6.54 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States Heparin Market Analysis
The United States Heparin Market size is estimated at USD 1.33 billion in 2024, and is expected to reach USD 1.82 billion by 2029, growing at a CAGR of 6.54% during the forecast period (2024-2029).
The COVID-19 pandemic has significantly impacted the United States heparin market. According to an article titled, 'Response of US hospitals to elective surgical cases in the COVID-19 pandemic' published in October 2020, an early rapid decrease in United States surgical case volumes beginning mid-March 2020 was observed by the researchers. It found out that during the week of April, it was observed that there was a 71% reduction compared with the same week in 2019. Thus, the COVID-19 pandemic has affected surgical procedures tremendously which might impact the demand for heparin. Additionally, in September 2020, as a part of its 'Accelerating COVID-19 Therapeutic Interventions and Vaccines (ACTIV)' initiative, the National Institutes of Health launched two of three adaptive Phase 3 clinical trials that will evaluate the safety and effectiveness of blood thinners (including heparin) to treat adults diagnosed with COVID-19. Positive results might prove advantages for COVID-19 patients who suffer from life-threatening blood clots.
The market is primarily driven by the rising geriatric population and an increase in incidences of chronic diseases like cardiovascular diseases and cancers. The United States has a huge burden of cancer cases. The high burden of cancer can be explained by the latest statistics provided by the International Agency for Research on Cancer, which states that in 2020, there was an estimated 2 281 658 new cancer cases diagnosed and 612 390 cancer deaths in the United States. Heparin can affect the angiogenesis, proliferation, migration and invasion of cancer cells via multiple mechanisms. The high cancer burden is expected to boost market growth.
The major market players are focusing on research and development activities to bring new and reliable treatments in the market, and they are also focusing on the product launches to effectively treat chronic diseases in the country. For instance, in March 2021, researchers from the Rhode Island Hospital started a study that determineshow quicklyheparin induced anticoagulation occurs when two different point of care activated clotting technologies (iSTATand Hemochron)are used in patients.This is an important study since promptness of heparin anticoagulation is essentialduring moststructural heart procedures.rdiology's 70th Annual Scientific Session (ACC.21).
However, side-effects of heparin are refraining the patients from its use that is hindering the market growth.
