PUBLISHER: The Business Research Company | PRODUCT CODE: 1455163
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455163
Antiphospholipid syndrome treatment involves medical interventions and therapies aimed at managing and alleviating the complications associated with antiphospholipid syndrome-a chronic autoimmune disorder characterized by the presence of antiphospholipid antibodies in the blood. These antibodies can elevate the risk of abnormal blood clot formation, leading to complications such as thrombosis, pregnancy-related issues, and organ damage.
The primary healthcare and laboratory labels materials are nylon, polyester, polyolefin, vinyl, paper, and others. Nylon, a synthetic polyamide material, is valued for its strength, toughness, and elasticity. Produced through polymerization, nylon exhibits flexibility, a high melting point, and finds applications across diverse industrial and consumer domains. Technologies such as thermal transfer, direct thermal, laser, and inkjet are employed, catering to end-users such as pharmaceuticals, nutraceuticals, medical devices, blood banks, hospital services, and laboratories.
The healthcare and laboratory labels market research report is one of a series of new reports from The Business Research Company that provides healthcare and laboratory labels market statistics, including healthcare and laboratory labels industry global market size, regional shares, competitors with a healthcare and laboratory labels market share, detailed healthcare and laboratory labels market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare and laboratory labels industry. This healthcare and laboratory labels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The antiphospholipid syndrome treatment market size has grown rapidly in recent years. It will grow from $42.91 billion in 2023 to $47.83 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth observed during the historical period can be attributed to factors such as the growth of the pharmaceutical industry, manufacturing of dyes and pigments, production of photographic chemicals, the polyurethane industry, and the production of hair dye and cosmetic products.
The antiphospholipid syndrome treatment market size is expected to see rapid growth in the next few years. It will grow to $73.38 billion in 2028 at a compound annual growth rate (CAGR) of 11.3%. The anticipated growth in the forecast period can be attributed to factors such as the continued expansion of the pharmaceutical industry, the growing demand for sustainable dyes and pigments, an increasing preference for natural and organic cosmetics, a heightened need for agrochemical solutions, and a rise in demand for customized solutions. Major trends expected in the forecast period include innovation in the textile industry, technological advancements in the photographic industry, innovation in polyurethane applications, technological advancements in production processes, and global shifts in manufacturing hubs.
The anticipated rise in autoimmune disorders is set to drive the growth of the market for antiphospholipid syndrome treatment. Autoimmune disorders involve abnormal immune responses, leading to the body mistakenly attacking its own tissues. One such autoimmune condition is Antiphospholipid Syndrome (APS), which can involve digestive system complications, including irritable bowel syndrome (IBS). As an example, Crohn's and Colitis Canada reported in June 2023 that over 322,600 Canadians were estimated to have inflammatory bowel diseases (IBD), including APS, and this number is expected to increase to around 470,000 by 2035, reflecting the rising prevalence of autoimmune disorders.
The growth of the antiphospholipid syndrome treatment market is further propelled by the increasing healthcare expenditure. Adequate healthcare spending is crucial for comprehensive treatment, covering medications, monitoring tests, and specialty care for effective management and enhanced quality of life for patients. As of December 2023, the Centers for Medicare And Medicaid Services noted a 4.1% increase in national health expenditures in the United States, reaching $4.5 trillion in 2022. This expenditure is vital for supporting various healthcare needs, including the treatment of autoimmune disorders such as APS.
A significant obstacle to the growth of the antiphospholipid syndrome (APS) treatment market is the high cost of drugs used in the treatment. While there is no cure for APS, anticoagulant drugs such as warfarin and heparin are commonly used to prevent blood clots. The expense of these drugs, especially for long-term use, poses a challenge to accessibility. A report from September 2022 highlighted that numerous anticoagulant medications experienced average price increases of 31.6% over a one-year period, significantly exceeding the inflation rate.
Major companies in the antiphospholipid syndrome treatment market are focusing on developing novel anticoagulants. These medications, such as tecarfarin, are designed to prevent blood clot formation and work differently from traditional anticoagulants such as warfarin. For example, Cadrenal Therapeutics Inc. expanded its evaluation of tecarfarin in August 2023 as a potential treatment for patients with APS. Tecarfarin, a reversible anticoagulant, has undergone multiple human clinical trials, showing promise as an alternative treatment option for APS.
In July 2021, SurModics Inc. acquired Vetex Medical Limited, aiming to broaden its offerings in thrombectomy with the addition of the ReVene Thrombectomy Catheter. This catheter is specifically designed to remove large, mixed-morphology blood clots, addressing the needs of patients with conditions such as APS. The acquisition enhances SurModics' capabilities in the medical device sector, especially in autoimmune disease diagnostics and treatment.
Major companies operating in the antiphospholipid syndrome treatment market report are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., AbbVie Inc., Bayer AG, Novartis AG, Merck & Co., Bristol Myers Squibb, Abbott Laboratories, Sanofi S.A., GlaxoSmithKline PLC, Eli Lilly and Company, Cipla Ltd., Baxter International, Teva Pharmaceutical Industries Ltd., CSL Limited, Boehringer Ingelheim International GmbH, Fresenius Kabi, Eisai Co. Ltd., Aurobindo Pharma, Dr. Reddy's Laboratories, Hikma Pharmaceutics PLC, Aspen Pharmacare, Zydus Lifesciences Limited, Sawai Pharmaceutical Co. Ltd., Leo Pharma, Daiichi Sankyo Company
North America was the largest region in the antiphospholipid syndrome treatment market in 2023. The regions covered in the antiphospholipid syndrome treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the antiphospholipid syndrome treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The antiphospholipid syndrome treatment market consists of revenues earned by entities by providing services such as surgeries, diagnosis tests, physical examinations, and support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The antiphospholipid syndrome treatment market also includes sales of pentosan polysulfate sodium, aspirin, dimethyl sulfoxide, heparin, and warfarin. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Antiphospholipid Syndrome Treatment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on antiphospholipid syndrome treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for antiphospholipid syndrome treatment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The antiphospholipid syndrome treatment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.