Anti-Fibrinolytic Drugs - Jamaica

In Jamaica, the revenue in the Anti-Fibrinolytic Drugs market is projected to reach US$1.46m in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 4.30%, resulting in a market volume of US$1.80m by 2029.
When compared globally, United States will generate the most revenue, with US$9.86bn in 2024.
Jamaica's increasing demand for anti-fibrinolytic drugs reflects the country's commitment to improving healthcare access and addressing cardiovascular health issues.

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 gaining popularity in Jamaica due to the increasing incidence of bleeding disorders.

Customer preferences: Patients suffering from bleeding disorders prefer Anti-Fibrinolytic Drugs as they help prevent excessive bleeding by promoting clotting. These drugs are also preferred by surgeons during surgeries to reduce blood loss.

Trends in the market: The Anti-Fibrinolytic Drugs market in Jamaica is witnessing a steady growth due to the increasing prevalence of bleeding disorders. The market is expected to grow further in the coming years due to the rising awareness about these drugs and their benefits. Moreover, the market is also expected to benefit from the increasing number of surgeries being performed in the country.

Local special circumstances: Jamaica has a high incidence of bleeding disorders such as hemophilia, which is a genetic disorder that affects the blood's ability to clot. Due to this, there is a high demand for Anti-Fibrinolytic Drugs in the country. Additionally, the country has a growing elderly population, which is also driving the demand for these drugs as the elderly are more prone to bleeding disorders.

Underlying macroeconomic factors: The Jamaican government has been investing in the healthcare sector, which is expected to drive the growth of the Anti-Fibrinolytic Drugs market. Moreover, the country's growing economy is also expected to contribute to the growth of the market as people are becoming more aware of the importance of healthcare and are willing to spend more on it.

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.