Rivaroxaban Market Size, Share, Growth, and Industry Analysis by Type (2.5 mg, 10 mg, 15 mg, 20 mg), by Application (Venous thromboembolism (VTE), Acute coronary syndrome (ACS), and Regional Insights and Forecast to 2031

Updated On: 22 April 2024

rivaroxaban market Report Overview

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The global rivaroxaban market size was 7837.7 million in 2021 and is expected to reach USD 14032.83 million in 2027, exhibiting a CAGR of 10.19% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with rivaroxaban market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Rivaroxaban is an anticoagulant used to treat and prevent blood clots. It is used to treat deep vein thrombosis and pulmonary embolism and to prevent atrial fibrillation and thrombosis after hip or knee surgery. The inhabitants is undergoing a substantial demographic shift with a rising elderly population. Ageing personalities are more prone to various cardiovascular diseases, including thromboembolic disorders.  This development is anticipated to motivate the demand for anticoagulant therapy, including drugs such as rivaroxaban. The elderly population requires effective and safe anticoagulant medications to manage cardiovascular health and reduce the risk of thromboembolic events. It is also used to prevent stroke and systemic embolism in patients with nonvalvular atrial fibrillation, a condition in which the heart beats irregularly and can rise the risk of blood clots.

Thromboembolic disorders, such as deep vein thrombosis, pulmonary embolism, and atrial fibrillation, are becoming more dominant worldwide. The rising incidence of these ailments efforts the demand for effective anticoagulant medications such as rivaroxaban. It helps prevent the formation of blood clots and reduces the risk of thromboembolic events, making it a valued treatment option for patients with these conditions. Increased demand for high-quality industrial valves in the pharmaceuticals and healthcare and other industries. Also to mitigate the risk of contamination is driving the demand for rivaroxaban at present. The growing concern about the market and industry is expected to boost the rivaroxaban market size in pharmaceuticals and healthcare. Participating are fixing their efforts on encouraging R&D. Manufacturers need to stay updated with changing market trends and develop products that meet growing consumer needs. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact: Pandemic hampered the market due to unexpected disruption in the sector

COVID- 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand in the market.

rivaroxaban market Segmentation

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• By Type Analysis

According to type, the market can be segmented into 2.5 mg, 10 mg, 15 mg, 20 mg.

2.5 mg  will capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into venous thromboembolism (VTE), acute coronary syndrome (ACS).

rivaroxaban market players cover segment as venous thromboembolism (VTE) will dominate the market share during forecast period.

Driving Factors

"Upsurge in knee and hip replacement surgeries to boost the market growth"

Increase in the number of hip and knee replacement surgeries, the growing use of the drug for different indications, and advancement in healthcare expenditure are the factors that will expand the global rivaroxaban market. The demand is motivated by the growth of these industry which is anticipated to enhance market growth.

"Technological advancement and development to upsurge the market."

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the rivaroxaban market growth. Growing investment in research and development activities and growing awareness about benefits of rivaroxaban are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices.

Restraining Factors

"High cost and side effects to hamper the market growth"

High cost and side effects is hampering development of rivaroxaban market. Side effects of rivaroxaban, such as muscle pain, headache, dizziness, itching, brown urine, and blurred vision, are the factors that will restrain the market growth and will further challenge the market in the forecast period. Also, vast difference in cost of the drug lead the patients towards accepting cheaper substitute, thus adversely upsetting the market growth.

rivaroxaban market Regional Insights

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"North America to dominate the region due to increasing prevalence of cardiovascular diseases and the treatment "

North America is further expected to witness growth in the rivaroxaban market share. The region is dominating the market due to rising demand for increasing prevalence of cardiovascular diseases and the treatment. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Interquim SA (Spain)
• Johnson & Johnson (U.S.)
• Janssen Pharmaceuticals, Inc. (U.S.)
• Natco Pharma (India)
• Bayer (Germany)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.