Global Thrombolytic Drug Market Size By Type (Reteplase, Urokinase), By End User (Hospitals and Clinics, Ambulatory Surgical Centers), By Application (Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE)), By Geographic Scope And Forecast
Report ID: 370253|No. of Pages: 202
Global Thrombolytic Drug Market Size By Type (Reteplase, Urokinase), By End User (Hospitals and Clinics, Ambulatory Surgical Centers), By Application (Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE)), By Geographic Scope And Forecast
Thrombolytic Drug Market Size And Forecast
Thrombolytic Drug Market size was valued at USD 1,091.16 Million in 2022 and is projected to reach USD 3,832.81 Million by 2030, growing at a CAGR of 17.59% from 2024 to 2030.
Thrombolytics are provided in emergency situations to break up the thrombus (blood clot) that obstructs the affected artery in order to restore blood flow to the heart. The Global Thrombolytic Drug Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=370253
Global Thrombolytic Drug Market Definition
The market expansion can be attributed to several factors, including the escalating prevalence of cardiovascular diseases, a growing understanding of thrombolytic drugs, and the ongoing technological progress in thrombolysis. The rising incidence of cardiovascular diseases: There is a global trend of increasing prevalence of cardiovascular diseases. This disturbing rise can be primarily attributed to the shifting lifestyles and dietary patterns people adopt worldwide.
Also, people are becoming increasingly informed about the benefits of thrombolytic drugs in preventing heart attacks and strokes. This heightened awareness has resulted in a surge in the demand for these medications in recent times. Drug delivery systems are constantly advancing, with the continual development of innovative technologies. This progress has led to the creation of more efficient and precisely targeted drug delivery mechanisms. These systems can now deliver thrombolytic drugs directly to the intended site of action, greatly enhancing their effectiveness.
Furthermore, some thrombolytic drugs can be expensive, which may limit access for specific patient groups or healthcare systems with budget constraints. Also, strict regulations govern the use of thrombolytic drugs, and concerns about potential legal liability may influence healthcare providers’ decisions regarding their use. Also, the increasing prevalence of cardiovascular diseases, such as heart attacks and strokes, provides a significant market opportunity for thrombolytic drugs, which are vital in managing these conditions.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=370253
Global Thrombolytic Drug Market Attractiveness Analysis
The Global Thrombolytic Drug Market is experiencing a scaled level of attractiveness in the North American region. The North American region has a prominent presence and holds a major share of the global market. North America is anticipated to account for a significant market share of 42.66% in 2022. Thrombolytic therapy is highly effective in AIS. Recombinant tissue plasminogen activator (rt-PA), the most well-studied agent used in this setting, has demonstrated efficacy in the treatment of AIS in 9 randomized trials involving more than 6,700 patients over more than 20 years. Thrombolytic therapy with rt-PA has been shown to improve the likelihood of favorable outcomes in AIS, despite a small increased risk of serious bleeding.
Therapy is time-sensitive, with the benefits of therapy decreasing successively with longer delays from onset to treatment. The benefit is greatest when rt-PA is administered within the first 3 hours after symptom onset, with a less robust risk-vs-benefit balance up to 4.5 hours. Treatment benefits of rt-PA are preserved across the spectrum of age and clinical severity of disabling deficits. The most serious risks of thrombolytic therapy are intracranial hemorrhage (ICH, affecting up to 6% with variable trial-dependent definitions), major extracranial hemorrhage, and angioedema (up to 5%).
Global Thrombolytic Drug Market Overview
Thrombolytics are provided in emergency situations to break up the thrombus (blood clot) that obstructs the affected artery in order to restore blood flow to the heart. In Canada, alteplase and tenecteplase are currently available for use. A thrombolytic is a synthetic form of tissue plasminogen activator, and it converts the plasminogen bound to fibrin clots to plasmin, which results in the degradation of the clot. Thrombolytic therapy has been a major advance in the management of acute myocardial infarction. Thrombolytic therapy works by lysing infarct artery thrombi and achieving reperfusion, thereby reducing infarct size, preserving left ventricular function, and improving survival.
Mechanical forces can be added to thrombolysis to reduce the therapy duration and improve efficacy on old thrombi. More and more endovascular thrombectomy devices are becoming commercially available, offering a wide variety of mechanical forces, including aspiration, rheolysis, rotational fragmentation, and ultrasounds. An example of a mechanical force frequently associated with thrombolysis in France is an attempt at thrombus aspiration before the start of the thrombolytic infusion. Attempting thrombus aspiration allows the bulk of the thrombus to lessen, thereby reducing treatment duration and the risk of distal embolization. An important downside of endovascular thrombectomy devices, however, is their high cost.
A disadvantage of thrombolysis that is inherent to its mechanism of action is the risk of bleeding. Therefore, a detailed examination of the patient is essential before the start of thrombolytic therapy to enable the exclusion of patients with contraindications to thrombolytic agents. This risk of bleeding depends on the dose of the thrombolytic agent that is being administered and is much less important for a single bolus injection (no significant increase in bleeding complications with a dose up to 500,000 IU urokinase administered as adjuvant to operative lower extremity revascularization16) than for a continuous infusion over several days.
The seamlessness that this process offers is almost unmatchable. The entire process is done under the purview of X-ray of imaging to get the correct site of the clot. Moreover, the technique is used for several treatments, which include thrombosis in the vascular bed, deep vein thrombosis, and thrombosis of dialysis fistuli. This is expected to increase the adoption of catheter-directed thrombolysis and make the entire process an essential form of stroke medication.
Global Thrombolytic Drug Market: Segmentation Analysis
The Global Thrombolytic Drug Market is segmented on the basis of Type, End User, Application, and Geography.
Thrombolytic Drug Market, By Type
- Alteplase (Tissue Plasminogen Activator (tPA))
- Reteplase
- Urokinase
- Streptokinase
- Others
To Get a Summarized Market Report By Type:- Download the Sample Report Now
Based on Type, the market is segmented into Alteplase (Tissue Plasminogen Activator (tPA)), Reteplase, Urokinase, Streptokinase, and Others. Alteplase (Tissue Plasminogen Activator (tPA)) accounted for the largest market share of 59.11% in 2022 and is projected to grow at the highest CAGR of 20.04% during the forecast period. Alteplase is a thrombolytic drug used in the treatment of various medical conditions characterized by the presence of blood clots. A recombinant tissue plasminogen activator (tPA) plays a crucial role in dissolving these clots and restoring normal blood flow. Alteplase converts plasminogen into plasmin, an enzyme that breaks down fibrin, a key component of blood clots. Its fibrinolytic action leads to the dissolution of the clot and the restoration of blood flow. Moreover, alteplase is typically administered intravenously by healthcare professionals. The specific dosage and administration regimen depends on the patient’s weight, the medical condition being treated, and the timing of treatment.
Thrombolytic Drug Market, By Application
- Deep Vein Thrombosis (DVT)
- Pulmonary Embolism (PE)
- Peripheral Arterial Occlusion
- Stroke Acute Myocardial Infarction (AMI)
Based on Application, the market is segmented into Deep Vein Thrombosis (DVT), Pulmonary Embolism (PE), Peripheral Arterial Occlusion, Stroke Acute Myocardial Infarction (AMI). Deep Vein Thrombosis (DVT) accounted for the largest market share of 33.97% in 2022 and is projected to grow at a CAGR of 16.28% during the forecast period. Deep vein thrombosis (DVT), or venous thrombosis, occurs when blood clots, or thrombi, form within the body’s deep veins. It typically happens due to either damage to the veins or the slowing down of blood flow within them. These clots have the potential to wholly or partially obstruct the average blood circulation in the affected vein. While DVTs most commonly manifest in the lower leg, thigh, or pelvis, they can also develop in other body regions, such as the arms, brain, intestines, liver, or kidneys.
Thrombolytic Drug Market, By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Emergency Medical Services (EMS)
- Homecare Settings
- Research Institutions
Based on End User, the market is segmented into Hospitals and Clinics, Ambulatory Surgical Centers, Emergency Medical Services (EMS), Homecare Settings, and Research Institutions. Hospitals and Clinics accounted for the largest market share of 45.23% in 2022 and is projected to grow at a CAGR of 15.01% during the forecast period. Thrombolytic drugs are used in hospitals to treat patients experiencing ST-segment-elevation myocardial infarction (STEMI), a type of heart attack caused by a blood clot in a coronary artery. Administering thrombolytics promptly can dissolve the clot, restore blood flow to the heart, and minimize heart muscle damage. This time-sensitive treatment can be lifesaving when PCI (percutaneous coronary intervention) is not immediately available or feasible. Thrombolytic drugs are used in hospitals to treat severe cases of pulmonary embolism, where a blood clot has traveled to the lungs and is causing the significant blockage. Thrombolytics can dissolve the clot and improve blood flow in the pulmonary arteries, crucial for preventing further complications and reducing the risk of death.
Thrombolytic Drug Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
To Get a Summarized Market Report By Geography:- Download the Sample Report Now
On the basis of Regional Analysis, the Global Thrombolytic Drug Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America accounted for the largest market share of 42.66% in 2022 and is projected to grow at a CAGR of 16.58% during the forecast period. Europe was the second-largest market in 2022 and it is projected to grow at a CAGR of 17.18%. The North American Thrombosis Forum (NATF) is a nonprofit organization incorporated by the Commonwealth of Massachusetts. NATF is dedicated to improving the lives of those affected by blood clots and related diseases. Through their comprehensive resources and innovative programming, they strive to educate patients and healthcare providers about thrombosis and its complications. Recombinant tissue plasminogen activator (tPA), approved for use in the United States for the treatment of acute ischemic stroke since 1996, improves overall outcomes from ischemic stroke when administered to selected patients.
In Europe, thrombolytic therapy for the dissolution of an occlusive coronary thrombus is a widely accepted approach to the management of acute myocardial infarction (AMI). Surveys conducted by the British Heart Foundation showed that 68% of consultant physicians and cardiologists in the United Kingdom routinely used thrombolysis to treat patients with AMI, and an additional 28% occasionally used such therapy. Intravenous thrombolysis is the only approved systemic reperfusion treatment for patients with acute ischaemic stroke. These European Stroke Organisation (ESO) guidelines provide evidence-based recommendations to assist physicians in their clinical decisions about intravenous thrombolysis for acute ischaemic stroke.
Key Players
The Global Thrombolytic Drug Market is highly fragmented with the presence of a large number of players in the market some of the major companies include Janssen Pharmaceuticals, Genentech, Bayer AG, AbbVie Inc., Sanofi, Boehringer-Ingelheim, CSL Behring, Biogen, Chiesi Pharmaceuticals, Lupin Limited, CIPLA, Ekr Therapeutics, Sedico Pharmaceuticals, Syner- Medica, Microbix Biosystems and others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 3 players operating Thrombolytic Drug Market. VMR takes into consideration several factors before providing a company ranking.
The top three players for the Thrombolytic Drug Market are Janssen pharmaceuticals, Genentech, and Bayer AG. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features, and price), company presence across major regions, product-related sales obtained by the company in recent years, and its share in the total revenue. VMR further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Thrombolytic Drug Markets.
Company Regional Footprint
The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Janssen pharmaceuticals has its presence globally i.e. in North America, Europe, Asia Pacific and RoW. All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall Thrombolytic Drug Market presence on a global and country level.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Thrombolytic Drug Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2019-2030 |
| Base Year | 2022 |
| Forecast Period | 2024-2030 |
| Historical Period | 2019-2021 |
| Unit | Value (USD Million) |
| Key Companies Profiled | Janssen Pharmaceuticals, Genentech, Bayer AG, AbbVie Inc., Sanofi, Boehringer-Ingelheim, CSL Behring, Biogen, Chiesi Pharmaceuticals, Lupin Limited. |
| Segments Covered | By Type, By End User, By Application, and By Geography. |
| Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
To Get Customized Report Scope:- Request For Customization Now
Top Trending Reports:
Global Dicyclopentadiene (DCPD) Market Size And Forecast
Global Thermoplastic Polyolefin Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team at Verified Market Research.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
