Anti-Coagulants - Dominican Republic

The Anti-Coagulants market in the Dominican Republic is expected to witness significant growth in the coming years.
By 2024, it is projected to reach a revenue of US$16.18m.
Furthermore, the market is anticipated to exhibit a steady annual growth rate of 8.40% from 2024 to 2029, resulting in a market volume of US$24.23m by 2029.
In terms of global comparison, United States is expected to generate the highest revenue in the Anti-Coagulants market, reaching a staggering US$16.74bn in 2024.
The demand for anti-coagulants in the Dominican Republic is steadily rising due to an aging population and an increase in cardiovascular diseases.

Definition:
The Anti-Coagulants market covers drugs that prevent blood from clotting, i.e., that prolong the clotting time. Anti-coagulants are certain types of antithrombotics, which are often also called blood thinners. Neither thrombolytic drugs, which dissolve clots after they have formed, nor other anti-thrombotics, such as antiplatetelet drugs, are covered in this market.

Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).

Company examples: Bristol Myers Squibb, Bayer, Sanofi, Johnson & Johnson

Blood clotting inhibitors

Anti-fibrinolytics
Anti-hypertensives
Other hematology drugs
Other anti-thrombotic agents, such as platelet aggregation inhibitors
Thrombolytic drugs

The Anti-Coagulants market in Dominican Republic has been developing rapidly in recent years.

Customer preferences: The Dominican Republic has a high prevalence of cardiovascular diseases, which has led to an increased demand for Anti-Coagulants. Additionally, the aging population in the country has also contributed to the rising demand for these drugs.

Trends in the market: The Anti-Coagulants market in Dominican Republic has seen a shift towards the use of newer oral Anti-Coagulants, which are more convenient for patients and have fewer side effects compared to traditional Anti-Coagulants. This trend is expected to continue in the future, as more patients become aware of the benefits of these drugs.

Local special circumstances: The healthcare system in the Dominican Republic is characterized by a high level of fragmentation, with a large number of private healthcare providers. This has led to a lack of standardization in the treatment of cardiovascular diseases, including the use of Anti-Coagulants. Additionally, the high cost of these drugs has also limited their use among certain segments of the population.

Underlying macroeconomic factors: The Dominican Republic has experienced steady economic growth in recent years, which has led to an increase in healthcare spending. This trend is expected to continue in the future, which will provide further opportunities for the growth of the Anti-Coagulants market in the country. Additionally, the government has implemented various policies aimed at improving access to healthcare, which will also contribute to the growth of the market.

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.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

The global pharmaceutical industry has experienced significant growth during the past two decades, with revenues totaling around 1.6 trillion U.S. dollars in 2023. With growth like that, the industry's size is now comparable to the gross domestic products (GDPs) of countries like Spain, Mexico, or Australia.