Chicago, IL -- (SBWIRE) -- 09/26/2016 -- According to the report, "Heparin Market (2014-2022)", the market is set to grow at a healthy Compound Annual Growth Rate (CAGR) to reach USD 10.2 billion by 2022.

The global heparin market report highlights the key trends, major drivers and restraints, and geographic segmentation of the market to provide details about the industry forecasts.

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According to the heparin market report, this market is set to witness impressive growth during the forecast period. The researchers suggest that rising instances of venous thromboembolism (VTE) and obesity amongst the global population are expected to drive the demand for the market products around the world. Apart from that, growth in the adoption of anticoagulants and declining imports from China are also expected to drive the overall demand in the global market. The report also suggests that possibilities of the rise in demand for bovine heparin and synthetic heparin are expected to drive the market, especially across North America.

The heparin market report suggests the possibility of acceptance of synthetic heparin, while bovine heparin is also expected to make a comeback. If these products are introduced to the current market scenario, then the global market is expected to witness ample business opportunities. The major restraining factors highlighted in the report include harmful side effects and risks involved in the usage of heparin. Apart from that, stringent government regulations across different geographic regions are also expected to restrain the growth of this market to a certain extent. However, technological advancements and rising demand are expected to create business opportunities for the market players.

The report segments the global market by the types of products, their applications, route of administration, and major geographic regions. The major product segments include Ultra Low molecular weight heparin (ULMWH), Low molecular weight heparin (LMWH), and Unfractionated Heparin. Based on the route of administration, the report segments this market into subcutaneous injection and intravenous injections. The application segments of the market include Venous Thromboembolism, medical devices, and clinical trials. The major geographic regions in the market include Latin America, North America, Asia-Pacific, Europe, and Middle East and Africa.

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The report provides heparin market share analysis for the key players which include Baxter Healthcare, Dr.Reddys Laboratories, Fresenius Kabi AG, GlaxosmitheKline (GSK), Leo Pharma, Mylan N.V. Pfizer, Sanofi, Teva Pharmaceuticals, and such others.

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