Key regions: India, Japan, France, Brazil, South Korea
Anti-Fibrinolytic Drugs are used to prevent excessive bleeding in patients, especially during surgeries. The market for these drugs has been growing steadily in recent years due to increasing awareness about the benefits of these drugs.
Customer preferences: Customers prefer Anti-Fibrinolytic Drugs due to the benefits they offer in preventing excessive bleeding during surgery. Patients who are at risk of excessive bleeding due to medical conditions or medications also use these drugs. The preference for these drugs is expected to increase in the future due to the growing awareness about their benefits.
Trends in the market: The Anti-Fibrinolytic Drugs market is expected to grow in the Asia-Pacific region due to the increasing number of surgeries being performed in countries like India and China. The market is also expected to grow in North America and Europe due to the increasing geriatric population. These regions have a higher incidence of medical conditions that require surgeries, which in turn increases the demand for Anti-Fibrinolytic Drugs.
Local special circumstances: In India, the Anti-Fibrinolytic Drugs market is expected to grow due to the increasing number of surgeries being performed and the growing medical tourism industry. In China, the market is expected to grow due to the increasing investment in healthcare infrastructure and the growing number of hospitals. In the United States, the market is expected to grow due to the increasing geriatric population and the rising prevalence of medical conditions that require surgeries.
Underlying macroeconomic factors: The Anti-Fibrinolytic Drugs market is expected to grow due to the increasing investment in healthcare infrastructure in developing countries. The growing geriatric population in developed countries is also expected to drive the growth of the market. The increasing demand for minimally invasive surgeries is also expected to drive the growth of the market as these surgeries require the use of Anti-Fibrinolytic Drugs. Additionally, the increasing awareness about the benefits of these drugs is expected to drive the growth of the market in the future.
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.
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