Anti-Coagulants - Kyrgyzstan

  • Kyrgyzstan
  • In Kyrgyzstan, the revenue in the Anti-Coagulants market is forecasted to reach US$1.57m in 2024.
  • Looking ahead, it is anticipated that the revenue will display a CAGR of 6.88% between 2024 and 2029, leading to a market volume of US$2.19m by 2029.
  • When comparing globally, United States is expected to generate the highest revenue in this market, amounting to US$16,740.00m in 2024.
  • Kyrgyzstan is witnessing a growing demand for anti-coagulants due to an aging population and an increasing prevalence of cardiovascular diseases.

Key regions: Australia, Japan, United States, Germany, Europe

 
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Analyst Opinion

Kyrgyzstan, a country located in Central Asia, has seen a growing demand for anti-coagulants in recent years.

Customer preferences:
The population of Kyrgyzstan has been increasingly aware of the importance of preventing and treating cardiovascular diseases, which has led to a higher demand for anti-coagulants. Additionally, the aging population in the country has also contributed to the growing demand for these medications.

Trends in the market:
The anti-coagulants market in Kyrgyzstan has been growing steadily in recent years. One of the major trends in the market is the increasing use of direct oral anti-coagulants (DOACs) over traditional anti-coagulants like warfarin. DOACs have been shown to be more effective and safer than warfarin, which has led to a shift in customer preferences towards these newer medications. Another trend in the market is the growing use of anti-coagulants for indications beyond cardiovascular diseases, such as stroke prevention in patients with atrial fibrillation and prevention of blood clots in cancer patients.

Local special circumstances:
One of the unique challenges in the anti-coagulants market in Kyrgyzstan is the limited availability of healthcare services in remote areas of the country. This has led to disparities in healthcare access and utilization, which can impact the demand for anti-coagulants in these areas. Additionally, the cost of anti-coagulants can be a barrier to access for some patients, particularly those living in poverty.

Underlying macroeconomic factors:
Kyrgyzstan has a growing economy with a relatively stable political environment, which has contributed to the growth of the healthcare sector in the country. However, the country still faces challenges related to healthcare infrastructure, human resources, and financing. The government has implemented policies to address these challenges, such as the National Health Reform Program, which aims to improve healthcare access and quality in the country. These policies are expected to support the growth of the anti-coagulants market in Kyrgyzstan in the coming years.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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