Ticagrelor Market To Find Better Growth with US$ 3.2 Billion By 2026 | CAGR: 12.3%: Coherent Market – PharmiWeb.com

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GlobalTicagrelor Market, by Strength (60 mg and 90 mg), by Indication (Acute Coronary Syndrome and Ischemic Stroke), and by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) was valued atUS$ 1,145.0 millionin 2017, and is expected to exhibit a CAGR of12.3%over the forecast period (2018 2026)as highlighted in a new report published by .

Ticagrelor is an antiplatelet drug, which is used as an agent to reduce stent thrombosis. The major factors that are expected to drive growth of the ticagrelor market include rising number of patients suffering from heart problems, increasing launches of generic drug versions, and improvement in market scenarios, attributed to increasing funding for research and development by key players in the market.

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The increasing incidence of heart diseases is expected to drive adoption of ticagrelor, which is further expected to propel growth of the ticagrelor market over the forecast period. For instance, according to the Centers for Disease Control and Prevention 2015, around 610,000 people are reported to die due to heart disease in the U.S. every year and cardiovascular diseases is the major cause of deaths, globally.

Browse 23 Market Data Tables and 19 Figures spread through 157 Pages and in-depth TOC on Ticagrelor Market, by Strength (60 mg and 90 mg), by Indication (Acute Coronary Syndrome, and Ischemic Stroke), and by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) Global Forecast to 2026

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Additionally, manufacturers are focused on increasing research and development activities for new drug approvals. For instance, in March 2015, the U.S. Food and Drug Administration (USFDA) approved Brilinta tablet (ticagrelor) for acute coronary syndrome (ACS) patients, who are unable to swallow Brilinta 90 mg tablets as a whole. With this approval, Brilinta can be consumed by crushing the tablet and administered in water by swallowing or via nasogastric tube.

Furthermore, in September 2015, the U.S. FDA approved Brilinta (ticagrelor) tablets manufactured by AstraZeneca plc, 60mg dose to be used in patients with a history of heart attack. With this expanded indication, Brilinta was approved to reduce the rate of cardiovascular deaths and myocardial infarction.

Moreover, increasing generic drugs approvals by regulatory bodies is expected to propel growth of the ticagrelor market over the forecast period. For instance, Alembic Pharmaceuticals, received tentative approval from the U.S. FDA for ticagrelor tablets in 90 mg strength, in July 2018, in order to reduce the rate of cardiovascular deaths and strokes in patients with acute coronary syndrome or a history of myocardial infarction.

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Key Takeaways of the Ticagrelor Market:

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Ticagrelor Market To Find Better Growth with US$ 3.2 Billion By 2026 | CAGR: 12.3%: Coherent Market - PharmiWeb.com