Anti-Fibrinolytic Drugs - Fiji | Statista Market Forecast

The market of Anti-Fibrinolytic Drugs market in Fiji is projected to achieve a revenue of US$281.50k by the year 2024.
This forecast indicates that the revenue will experience a compound annual growth rate (CAGR) of 4.72% from 2024 to 2029, resulting in a market volume of US$354.50k by 2029.
When compared to other countries worldwide, United States is expected to generate the highest revenue in this market, reaching US$9.86bn in 2024.
Fiji's market for anti-fibrinolytic drugs is experiencing steady growth due to the country's increasing prevalence of cardiovascular diseases.

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 Fiji is showing interesting developments in recent years.

Customer preferences: Fiji has a high incidence of bleeding disorders, such as hemophilia, and other conditions that require the use of Anti-Fibrinolytic Drugs. As a result, there is a high demand for these drugs in the country. Patients in Fiji prefer to use locally manufactured drugs, as they are more affordable and easily accessible. However, there is also a growing trend of patients opting for imported drugs due to perceived higher quality and efficacy.

Trends in the market: The Anti-Fibrinolytic Drugs market in Fiji has been growing steadily in recent years, driven by an increase in the prevalence of bleeding disorders and other conditions that require these drugs. The market has also benefited from the introduction of new drugs and improved treatment options, which have increased the efficacy of these drugs and reduced their side effects. There is also a trend towards the development of combination therapies, which combine Anti-Fibrinolytic Drugs with other drugs to improve treatment outcomes.

Local special circumstances: Fiji has a relatively small population and a limited healthcare budget, which has resulted in challenges in accessing and affording Anti-Fibrinolytic Drugs. The government has taken steps to address this issue by subsidizing the cost of these drugs and promoting the local manufacturing of generic drugs. However, there are still challenges in ensuring that patients have access to the drugs they need, particularly in rural and remote areas.

Underlying macroeconomic factors: Fiji's economy has been growing steadily in recent years, driven by strong performance in the tourism and construction sectors. This has resulted in increased spending on healthcare and improved access to healthcare services. However, the country still faces challenges in terms of healthcare infrastructure and resources, which can impact the availability and affordability of Anti-Fibrinolytic Drugs. Additionally, Fiji is vulnerable to natural disasters, which can disrupt supply chains and impact the availability of drugs.

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.