Fondaparinux Market To Grow At 7.8% CAGR Based On Increasing Prevalence Of Thrombocytosis Till 2024: Grand View Research, Inc.

The global fondaparinux market is expected to reach USD 686.3 million by 2024, according to a new report by Grand View Research, Inc. Fondaparinux is majorly used during knee and hip replacement surgeries. Arixtra, manufactured by GSK group of companies is the branded drug of Fondaparinux. The drug witnessed patent expiry in 2002. As the active molecule is highly complex to manufacture, it faced low generic competition until 2011. Generic manufacturer companies, such as Alchemia Ltd. and Apotex, Inc., received the Abbreviated New Drug Application approval in 2011 and instantly started the production of generic drugs.

Fondaparinux is used as an anticoagulant and shows improved survival compared with low-molecular-weight heparin. It is used for the prevention of Deep Vein Thrombosis (DVT) and Pulmonary Embolism (PE) and is administered subcutaneously. Moreover, Fondaparinux lowers the risk of ischemic events

The increasing collaboration between the key players for acquiring the Intellectual Property Rights (IPRs) in order to manufacture the molecule through patented technology is expected to drive growth. For instance, in July 2016 Dr. Reddy’s Laboratories Ltd. entered into an agreement with Alchemia Ltd. to purchase the IPRs of fondaparinux sodium for USD 17.5 million. In September 2014, Mylan N.V. purchased branded and generic versions of fondaparinux sodium from Aspen Global, Inc. for USD 225 million. The deal gave Mylan N.V. access to one of the two generics indicated for the treatment of PE.

Browse full research report on Global Fondaparinux Market: http://www.grandviewresearch.com/industry-analysis/fondaparinux-market

Further key Findings From the Study Suggest:

Read detailed report or request for sample of this research report:                 
http://www.grandviewresearch.com/industry-analysis/fondaparinux-market/request

Grand View Research has segmented the Fondaparinux market on the basis of product and region:

Fondaparinux market, product outlook by revenue (USD Million, 2011 - 2024)

Fondaparinux market, product outlook by volume (thousand units, 2011 - 2024)

Fondaparinux market, regional outlook by revenue (USD Million, 2011 - 2024)

Fondaparinux market, regional outlook by volume (thousand units, 2011 - 2024)

Browse more reports of this category by Grand View  Research: http://www.grandviewresearch.com/industry/healthcare

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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Grand View Research, Inc

Web: www.grandviewresearch.com

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