Heparin Market 2030: North America's Leading Role in Anticoagulation Therapy
The global heparin market was valued at approximately USD 7.56 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2030. A significant driver behind this market expansion is the rising prevalence of chronic diseases. According to a WHO article published in September 2023, noncommunicable diseases (NCDs), which include chronic diseases, are responsible for approximately 41 million deaths each year. Of these, cardiovascular diseases (CVDs) account for 17.9 million deaths, cancer causes 9.3 million deaths, chronic respiratory diseases contribute to 4.1 million deaths, and diabetes, including complications from diabetes-related kidney diseases, leads to an additional 2 million deaths. This growing burden of chronic conditions is expected to boost the demand for heparin, a critical anticoagulant used in treating various health conditions. In addition to this, factors such as the increasing demand for whole blood and blood component transfusi...