The rising demand reported in therapeutics segment is prognosticated to catapult it to the fore of the global antithrombin market in terms of application, finds Fortune Business Insights in a new study. The study is titled “Antithrombin Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2026.” According to the study, the global antithrombin market will exhibit a steady CAGR of 4.1% to reach a value of US$ 725.2 Mn by 2026 from US$ 490.4 Mn in 2018.
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Asia Pacific Market to Exhibit Fastest Growth, Gaining Momentum from Rising Disposable Incomes
Geographically, the global antithrombin market is anticipated to show the fastest growth in Asia Pacific. In 2018, the antithrombin market was valued at US$ 179.7 Mn from Asia Pacific alone. A major reason behind this growth is the fact that developing nations such as India and China are adopting new treatment procedures and techniques to fight back various diseases. The rise in disposable incomes of people in developing nations and their increasing ability to spend more on advanced healthcare and medical aid will create lucrative growth opportunities for the market in Asia Pacific.
Increasing Prevalence of Hereditary Antithrombin Deficiency to Boost Market
The rising prevalence of medical conditions such as sepsis, hereditary antithrombin deficiency, disseminated intravascular coagulation (DIC), and extracorporeal membrane oxygenation (ECMO) is creating lucrative growth opportunities for the antithrombin market. Among various application types, the therapeutics segment is anticipated to lead the market with rising number of antithrombin deficiency cases. In 2018, the therapeutics segment accounted for about 95.7% of the market and is likely to continue its dominance in the future as Fortune Business Insights.
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Again, Europe is expected to showcase huge potential for growth for antithrombin market during the forecast period. This is because countries such as the UK, Germany, France, and others are adopting human antithrombin based products on a large scale.
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