Anti-Fibrinolytic Drugs - Bahrain

The Anti-Fibrinolytic Drugs market in Bahrain is expected to witness a significant growth in revenue, projected to reach US$2.52m by 2024.
Furthermore, it is anticipated that the market will continue to expand with an annual growth rate of 4.75% from 2024 to 2029, ultimately leading to a market volume of US$3.18m by 2029.
When compared globally, United States is expected to generate the highest revenue in the Anti-Fibrinolytic Drugs market, with a staggering US$9.86bn in 2024.
Bahrain's growing healthcare sector is witnessing an increase in the demand for anti-fibrinolytic drugs, driven by advancements in medical infrastructure and an aging population.

Definition:
The Anti-Fibrinolytics market covers drugs which help blood to clot. They are used to treat and prevent bleeding episodes of patients with hemophilia. Moreover, anti-fibrinolytics are used before or during certain surgeries. In doing so, the usage of blood products, such as fresh frozen plasma, as well as the associated risks of infections and/or anaphylactic reactions can be avoided.

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: Roche, Takeda, Novo Nordisc, Sanofi, Bayer

Inhibitors of fibrinolysis
Drugs to treat hemophilia

Anti-coagulants
Anti-hypertensives
Wound care

Anti-Fibrinolytic Drugs are used to prevent or reduce bleeding in patients with different medical conditions. In Bahrain, the Anti-Fibrinolytic Drugs market has been developing steadily in recent years.

Customer preferences: Bahrain's healthcare system is highly advanced, and the population has access to quality healthcare services. Patients with bleeding disorders or undergoing surgical procedures are the primary consumers of Anti-Fibrinolytic Drugs. The preference for these drugs is increasing due to their effectiveness in reducing bleeding and the relatively low risk of side effects.

Trends in the market: The Anti-Fibrinolytic Drugs market in Bahrain is witnessing an increase in demand due to the growing number of patients with bleeding disorders. The market is also growing due to the increasing number of surgeries being performed in the country. The trend is likely to continue as the population ages, and the prevalence of bleeding disorders increases.

Local special circumstances: Bahrain is a small island country in the Persian Gulf, with a population of around 1.5 million. The country has a well-developed healthcare system, with both public and private hospitals and clinics. The government is committed to providing quality healthcare services to its citizens and has invested heavily in the sector. The country's strategic location has also made it a hub for medical tourism, with patients from neighboring countries seeking medical treatment in Bahrain.

Underlying macroeconomic factors: Bahrain's economy is heavily dependent on oil exports, which account for around 85% of government revenue. The country has been diversifying its economy in recent years, with a focus on developing sectors such as healthcare, tourism, and finance. The government's investment in the healthcare sector has created opportunities for local and international companies to invest in the Anti-Fibrinolytic Drugs market. The country's stable political environment and business-friendly policies have also contributed 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.

Bleeding disorders affect the clotting of blood and can result in excessive bleeding inside and outside of the body. Bleeding disorders are almost always inherited and common symptoms include easy bruising, frequent nosebleeds, heavy menstrual bleeding, and excessive bleeding from small cuts. Treatments vary depending on the type of disorder, but may include factor replacement therapy, iron supplementation, topical products or sprays, or blood transfusions. The most common types of bleeding disorders are hemophilia A and B and von Willebrand disease. In 2022, there were around 257,146 people worldwide who had been diagnosed with hemophilia and 100,505 who had been diagnosed with von Willebrand disease.