Anti-Fibrinolytic Drugs - Guinea | Statista Market Forecast

The Anti-Fibrinolytic Drugs market in Guinea is expected to witness a significant increase in revenue, reaching US$940.20k in 2024.
It is projected to maintain a steady annual growth rate (CAGR 2024-2029) of 5.07%, leading to a market volume of US$1.20m by 2029.
When compared globally, United States is expected to generate the highest revenue, amounting to US$9.86bn in 2024.
Guinea has witnessed a significant increase in the demand for anti-fibrinolytic drugs due to the rising prevalence of bleeding disorders 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 Guinea has been showing an upward trend in recent years.

Customer preferences: Anti-Fibrinolytic Drugs are used to prevent excessive bleeding during surgery or after an injury. In Guinea, the demand for these drugs is driven by an increase in surgeries and trauma cases. Patients are becoming more aware of the benefits of using Anti-Fibrinolytic Drugs and are demanding them more frequently.

Trends in the market: The Anti-Fibrinolytic Drugs market in Guinea is growing due to an increase in healthcare spending and a rise in the number of surgeries and trauma cases. The market is also benefiting from the introduction of new drug formulations and improved drug delivery systems. The trend is expected to continue as the government is taking steps to improve healthcare infrastructure, increase access to healthcare services, and promote medical tourism.

Local special circumstances: Guinea is a low-income country with a high burden of disease. The healthcare system is underdeveloped, and access to healthcare services is limited, especially in rural areas. The government is taking steps to improve healthcare infrastructure, increase access to healthcare services, and promote medical tourism. These initiatives are expected to boost the demand for Anti-Fibrinolytic Drugs in the country.

Underlying macroeconomic factors: The Guinean economy is heavily dependent on the mining sector, which accounts for a significant portion of the country's GDP. The mining sector has been adversely affected by the COVID-19 pandemic, leading to a decline in economic activity. However, the government is taking steps to diversify the economy and reduce its dependence on the mining sector. This is expected to create new opportunities for the healthcare sector, including the Anti-Fibrinolytic Drugs market.In conclusion, the Anti-Fibrinolytic Drugs market in Guinea is growing due to an increase in healthcare spending, a rise in the number of surgeries and trauma cases, and the introduction of new drug formulations and improved drug delivery systems. The trend is expected to continue as the government takes steps to improve healthcare infrastructure, increase access to healthcare services, and promote medical tourism.

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.