Tenecteplase Drug Market: Future Rising Demand and Scope till 2027

Market Research Future (MRFR) announces the publication of its research report – The American Tenecteplase Drug Market Companies.

Market Scenario:

Tenecteplase drug refers to a recombinant enzyme that acts as a blood thinning agent. Also known as a clot buster, tenecteplase drug helps dissolve blood clots or clumps, allowing the blood to flow normally. These drugs are generally used for treating patients facing heart-related issues.

Market Research Future (MRFR) announces the publication of its research report – The American Tenecteplase Drug Market Companies.

Some of the leading factors influencing the market growth include the increasing number of hypertension patients, rising number of deep vein thrombosis cases, early aging, and sedentary lifestyles that lead to blood clotting. The American Heart Association reported in 2017 that every 40 seconds, an individual in the United States (U.S) gets a heart attack.

Key players

Some of the key players in the global tenecteplase drug market are Boehringer Ingelheim International GmbH, Genentec Inc., Gennova pharmaceutical, Rewine pharmaceuticals, Hisun USA, Emcure Pharmaceutical, Merck Ltd. and Crunchbase Inc., and others.

Market Segmentation:

The worldwide tenecteplase drug market has been segmented on the basis of application, dosage, and end users.

The tenecteplase drug market, with respect to application, is considered for myocardial infarction, stroke, DVT.

As per dosage, tenecteplase drug market can be broken down into intravenous dosage and intracatheter instillation dosage.

The end-users in the market are hospitals and clinics, surgical centers, research centers.

Regional Insights:

The key markets for tenecteplase drug include Europe, Asia Pacific, the Middle East, and Africa and North America.

North America has been estimated as the biggest market for tenecteplase drug, on account of the rising innovations in clinical practice and surge in myocardial infection. The region also benefits from increasing access to stroke treatment, supported by the sophistication of healthcare infrastructure in the region. An article by CDC in 2015 suggested that in the United States (U.S.), close to 350,000 to 900,000 cases of Venous thromboembolism (VTE) are estimated annually. These statistics point towards the high potential of the tenecteplase drug market in North America.

Europe is the second most profitable market for tenecteplase drug, with the chief reason being the increase in incidents of stroke. The United Kingdom (UK) Organization has identified stroke as the 10th primary cause of death globally, with 34,883 mortality cases found in the UK alone in the year 2015. As a result of a surge in hypertension as well as high blood pressure, the stroke cases are on the rise in the region, elevating the market position of tenecteplase drug.

Established as the fastest-expanding region in 2017, Asia Pacific is one of the strong contenders in the worldwide Tenecteplase drug market. The market growth in the area is the result of the surging prevalence of hypertension, evolving lifestyle, and rising cases of cardiac diseases. The Australian Bureau of Statistics said in 2015 that roughly 4.1 million people in the country suffered from high blood pressure. These rising cases of high blood pressure, along with other mentioned factors, works in favor of the regional market.

The Middle East and Africa market’s performance has been mediocre compared to other regions. The region accounts for the lease share of the global tenecteplase drug market due to the presence of low health expenditure as well as economically backward countries. But the market can expect some growth in the future with the increasing cancer care programs within the Middle East region.

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apeksha agarwal

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