Anti-Coagulants - South Africa

South Africa

The Anti-Coagulants market in South Africa is anticipated to achieve a revenue of ZAR €90.85m by 2024.
This projection suggests a steady annual growth rate (CAGR 2024-2029) of 7.16%, leading to a market volume of ZAR €128.40m by 2029.
In terms of global comparison, United States is expected to generate the highest revenue, amounting to €15,520.00m in 2024.
The increasing prevalence of cardiovascular diseases in South Africa is driving the demand for anti-coagulants in the country.

Key regions: Australia, Japan, United States, Germany, Europe

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Analyst Opinion

The Anti-Coagulants market in South Africa has been experiencing significant growth in recent years.

Customer preferences: One of the main reasons for this growth is the increasing demand for anti-coagulants in the country. As the population ages, there has been a rise in the number of patients suffering from cardiovascular diseases, which has led to an increase in the number of people requiring anti-coagulant medication.

Trends in the market: Another trend in the market is the shift towards newer oral anti-coagulants, which are perceived to be safer and more effective than traditional anti-coagulants. This trend is driven by the growing awareness among patients and healthcare providers about the benefits of these drugs, as well as the increasing availability of these drugs in the market.

Local special circumstances: In South Africa, there are also some unique factors that are driving the growth of the anti-coagulants market. One of these factors is the high prevalence of HIV/AIDS in the country, which has led to an increased risk of cardiovascular diseases among HIV-positive patients. This has created a significant market for anti-coagulants in the country.

Underlying macroeconomic factors: The growth of the anti-coagulants market in South Africa is also being supported by the country's strong economy and growing healthcare industry. The government has been investing heavily in the healthcare sector, which has led to the development of world-class medical facilities and an increase in the availability of high-quality healthcare services. This has created a favorable environment for the growth of the anti-coagulants market in the country.In conclusion, the Anti-Coagulants market in South Africa is growing rapidly due to a combination of factors, including the increasing demand for anti-coagulants, the shift towards newer oral anti-coagulants, the high prevalence of HIV/AIDS in the country, and the favorable macroeconomic environment. As the population continues to age and the prevalence of cardiovascular diseases continues to rise, the demand for anti-coagulants is expected to continue to grow in the coming years.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.