VTE market set to hit $2.85 million sales by 2026; report
The venous thromboembolism (VTE) space across the seven major markets of the USA, France, Germany, Italy, Spain, the UK and Japan, is set to rise from $1.95 billion in 2016 to around $2.85 billion by 2026, representing a strong compound annual growth rate (CAGR) of 3.87%.
According to research and consulting firm GlobalData, the major drivers of the rise in market value include an increase in patient uptake of novel oral anticoagulants (NOACs), the launch of Portola Pharmaceuticals’ (Nasdaq: PTLA) betrixaban for extended-duration prophylaxis in acute medically ill patients, and an increase in the global prevalence of VTE.
GlobalData believes that the most prominent wave of VTE sales increases will come from the NOAC class, which is expected to peak at $1.04 billion in global sales by 2022, reflecting a 10-year CAGR of 3.91% by 2026, despite the generic erosion of several key players.
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