Anti-Fibrinolytic Drugs - Estonia

The projected revenue for the Anti-Fibrinolytic Drugs market in Estonia is estimated to reach US$4.24m by 2024.
It is expected to exhibit an annual growth rate of 4.91% from 2024 to 2029, leading to a market volume of US$5.39m by 2029.
When compared globally, United States is anticipated to generate the highest revenue in this market, amounting to US$9.86bn in 2024.
Estonia's growing elderly population and increasing prevalence of cardiovascular diseases have led to a rising demand for anti-fibrinolytic drugs in the country.

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

The Anti-Fibrinolytic Drugs market in Estonia has been experiencing a steady growth in recent years.

Customer preferences: Estonia has a high prevalence rate of bleeding disorders such as hemophilia, which has been driving the demand for Anti-Fibrinolytic Drugs. Additionally, the aging population in the country has contributed to the increasing demand for these drugs as older individuals are more prone to bleeding disorders.

Trends in the market: Estonia has been witnessing an increasing trend towards the use of generic Anti-Fibrinolytic Drugs due to their cost-effectiveness. This trend has been further fueled by the government's efforts to reduce healthcare costs by promoting the use of generic drugs. Moreover, the market has been witnessing an increasing trend towards the use of combination therapy, where Anti-Fibrinolytic Drugs are used in combination with other drugs for better efficacy.

Local special circumstances: The healthcare system in Estonia is primarily funded by the government, which has been investing in the development of healthcare infrastructure in the country. Additionally, the country has a well-established healthcare system that provides universal access to healthcare services. This has been a significant factor in driving the demand for Anti-Fibrinolytic Drugs in the country.

Underlying macroeconomic factors: Estonia has been experiencing steady economic growth in recent years, which has led to an increase in disposable income among the population. This has resulted in an increase in healthcare spending, including the purchase of Anti-Fibrinolytic Drugs. Additionally, the country has been witnessing an increasing trend towards medical tourism, which has been contributing to the growth of the Anti-Fibrinolytic Drugs 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.