Anti-Fibrinolytic Drugs - Singapore

In Singapore, the projected revenue for the Anti-Fibrinolytic Drugs market is expected to reach US$27.71m in 2024.
Looking ahead, it is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 5.80%, leading to a market volume of US$36.73m by 2029.
When comparing globally, United States is expected to generate the highest revenue of US$9.86bn in 2024.
In Singapore, the demand for anti-fibrinolytic drugs is steadily increasing due to the rising prevalence of chronic and age-related conditions such as cardiovascular diseases and cancer.

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 Singapore has been experiencing steady growth in recent years.

Customer preferences: Patients in Singapore have been increasingly seeking out Anti-Fibrinolytic Drugs due to their effectiveness in treating bleeding disorders, such as hemophilia and von Willebrand disease. Additionally, these drugs have been shown to reduce blood loss during surgery, making them a popular choice among surgeons and patients alike.

Trends in the market: One major trend in the Anti-Fibrinolytic Drugs market in Singapore is the increasing availability of generic versions of these drugs. This has led to lower prices and greater accessibility for patients, which in turn has driven demand for these drugs. Another trend is the growing use of these drugs in a wider range of medical procedures, beyond just those related to bleeding disorders. As more research is conducted on the benefits of Anti-Fibrinolytic Drugs, their use is likely to continue to expand.

Local special circumstances: Singapore's healthcare system is known for its high quality and accessibility, with a strong emphasis on preventative care. This has helped to drive demand for Anti-Fibrinolytic Drugs, as patients are more likely to seek out treatment for bleeding disorders and other conditions. Additionally, Singapore's aging population has contributed to the growing demand for these drugs, as older individuals are more likely to experience bleeding disorders and other related conditions.

Underlying macroeconomic factors: Singapore's strong economy and stable political climate have helped to support the growth of the Anti-Fibrinolytic Drugs market. Additionally, the country's focus on innovation and technology has led to the development of new and more effective Anti-Fibrinolytic Drugs, which has further driven demand for these products. As Singapore continues to invest in healthcare and research, the Anti-Fibrinolytic Drugs market is likely to continue to grow and evolve.

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.