Hemorrhage Treatment Market to Witness Growth due to Rising Hypertensive Conditions Worldwide25 Feb 2016
Transparency Market Research (TMR) presents a new market study, titled “Hemorrhage Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020, which delves into the development of the global hemorrhage treatment market in the 2014-2020 period. The report is a useful instrument that features crucial indicators and guideline measures for a comprehensive examination of the said market across North America, Europe, Asia Pacific, and the rest of the world. Using validated research methodologies and prescribed analytical tools, market drivers, market restraints, trends, and competitive hierarchy of the global hemorrhage market is presented herein.
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According to the report, the global hemorrhage treatment market will witness steadfast growth in future years due to a variety of reasons, Firstly, rising incidence of several types of hemorrhages, which may be due to a primary health condition such as blood pressure or a traumatic injury, will present opportunities for hemorrhage therapies in forthcoming years.
Presently, North America is the largest market for hemorrhage treatment due to the high incidence of postpartum and cerebral hemorrhages and traumatic injuries as well. As per the American College of Obstetricians and Gynecologists (ACOG), on an average, 7-10 women in every 100,000 live births fall prey to pregnancy-related maternal mortality associated with postpartum hemorrhage.
Europe closely trails North America in terms of the size of the regional hemorrhage treatment market. However, postpartum hemorrhages are slightly lower in this region, wherein only one in every 100,000 women suffers the condition, according to the British Medical Journal.
Presently, hemorrhage treatment is a profitable business proposition due to consistent R&D on novel drug molecules, the benefits of which the hemorrhage treatment market will reap in the coming years. In this regard, Southeast Asia, the Middle East, and Latin America are expected to emerge as significant markets for hemorrhage treatment. High adoption of novel therapies and increasing awareness about safe and effective pharmacological therapies will boost the growth prospects of the hemorrhage treatment market.
In addition, technological advances such as point-of-care drug administering practices are also contributing to the growth of this market.
However, factors such as rising healthcare expenditure and high product development cost are deterrent to the growth of the global hemorrhage treatment market. Drugs and diagnostic and invasive equipment used for the treatment of several types of hemorrhages are strictly controlled by the foremost healthcare regulatory agency of a nation and are scrutinized throughout the lifecycle. This close scrutiny slows down the market’s growth.
The report states that the hemorrhage treatment market is highly fragmented and matured due to extensive participation of both established and newer players. These include AstraZeneca plc, Hoffmann-La Roche Ltd., Janssen Pharmaceuticals Inc., Novartis International AG, Sun Pharmaceutical Industries Limited, Bristol-Myers Squibb, GlaxoSmithKline Inc., Merck & Co., and The Medicines Company.
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