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Last Updated: December 22, 2024

TRANEXAMIC ACID - Generic Drug Details


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What are the generic drug sources for tranexamic acid and what is the scope of freedom to operate?

Tranexamic acid is the generic ingredient in three branded drugs marketed by Pfizer, Am Regent, Amneal Pharms Co, Apotex, Avet Lifesciences, Caplin, Chartwell Rx, Epic Pharma Llc, Eugia Pharma, Fresenius Kabi Usa, Gland, Heritage, Micro Labs, Mylan Institutional, Provepharm Sas, Rising, Xgen Pharms, Zydus Pharms, Amneal, Exela Pharma, Gland Pharma Ltd, Nexus, Pharmacia And Upjohn, Amring Pharms, Actavis Labs Fl Inc, Ani Pharms, Aurobindo Pharma Usa, and Rubicon, and is included in thirty-one NDAs. There are eight patents protecting this compound and one Paragraph IV challenge. Additional information is available in the individual branded drug profile pages.

Tranexamic acid has eight patent family members in two countries.

There are eight drug master file entries for tranexamic acid. Thirty-nine suppliers are listed for this compound.

Drug Prices for TRANEXAMIC ACID

See drug prices for TRANEXAMIC ACID

Recent Clinical Trials for TRANEXAMIC ACID

Identify potential brand extensions & 505(b)(2) entrants

SponsorPhase
Philip SpinellaPhase 3
Biomedical Advanced Research and Development AuthorityPhase 3
Vanderbilt University Medical CenterPhase 2

See all TRANEXAMIC ACID clinical trials

Pharmacology for TRANEXAMIC ACID
Drug ClassAntifibrinolytic Agent
Physiological EffectDecreased Fibrinolysis
Medical Subject Heading (MeSH) Categories for TRANEXAMIC ACID
Anatomical Therapeutic Chemical (ATC) Classes for TRANEXAMIC ACID
Paragraph IV (Patent) Challenges for TRANEXAMIC ACID
Tradename Dosage Ingredient Strength NDA ANDAs Submitted Submissiondate
LYSTEDA Tablets tranexamic acid 650 mg 022430 2 2011-05-24

US Patents and Regulatory Information for TRANEXAMIC ACID

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Mylan Institutional TRANEXAMIC ACID tranexamic acid INJECTABLE;INJECTION 091657-001 Nov 3, 2011 AP RX No No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
Micro Labs TRANEXAMIC ACID tranexamic acid INJECTABLE;INJECTION 206713-001 Jun 27, 2017 AP RX No No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
Apotex TRANEXAMIC ACID tranexamic acid INJECTABLE;INJECTION 209860-001 Jan 14, 2020 AP RX No No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
Exela Pharma TRANEXAMIC ACID tranexamic acid SOLUTION;INTRAVENOUS 212020-001 Apr 15, 2019 AP RX Yes Yes ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
>Applicant >Tradename >Generic Name >Dosage >NDA >Approval Date >TE >Type >RLD >RS >Patent No. >Patent Expiration >Product >Substance >Delist Req. >Exclusivity Expiration

TRANEXAMIC ACID Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory of Tranexamic Acid

Overview of Tranexamic Acid

Tranexamic acid is a synthetic antifibrinolytic agent widely used to prevent excessive bleeding in various medical conditions, including surgeries, menorrhagia, and trauma. Its market is influenced by several factors, including surgical procedures, bleeding disorders, and cosmetic applications.

Global Market Size and Growth

The global tranexamic acid market is projected to exhibit significant growth. As of 2024, the market size is estimated at USD 86.6 million, with a compound annual growth rate (CAGR) of 6.20% expected from 2024 to 2031. This growth is driven by increasing surgical procedures, the rising prevalence of bleeding disorders, and expanding cosmetic applications[4].

Regional Market Breakdown

The market is segmented geographically, with North America holding the largest share, accounting for over 40% of the global revenue with a market size of USD 34.64 million in 2024. This region is expected to grow at a CAGR of 4.4% from 2024 to 2031. Europe follows closely, with a market share of more than 30% and a CAGR of 4.7%. The Asia Pacific region, with a market size of USD 19.92 million in 2024, is expected to grow at a higher CAGR of 8.2% during the same period. Latin America and the Middle East and Africa also contribute to the global market, albeit with smaller shares[4].

Drivers of Market Growth

Several factors are driving the growth of the tranexamic acid market:

Increasing Surgical Procedures

Advancements in surgical techniques and the growing need for effective blood management solutions are key drivers. Tranexamic acid is widely used to reduce bleeding during surgeries, which is becoming more common due to an aging population and increased healthcare access[4].

Rising Prevalence of Bleeding Disorders

Conditions such as menorrhagia and other bleeding disorders are on the rise, increasing the demand for tranexamic acid as a treatment option[4].

Expanding Cosmetic Applications

The use of tranexamic acid in skin care products, particularly for treating hyperpigmentation, is gaining traction. This expanding application is contributing to the market's growth[4].

Improving Healthcare Infrastructure

Emerging economies are witnessing improvements in healthcare infrastructure, making tranexamic acid treatments more accessible to a broader population[4].

Challenges and Opportunities

Economic and Supply Chain Challenges

The market faces challenges such as sluggish economic growth, shifting consumer preferences, and significant fluctuations in raw material costs due to geopolitical tensions. Effective collaboration within the chemical industry and across the value chain is crucial to address these challenges[1].

Regulatory Framework

Establishing a robust regulatory framework is essential for the sustainable growth of the tranexamic acid market. Government policies and incentives, particularly those promoting the energy transition and the use of bio-chemicals, are supportive of this growth[1].

Technological Advancements

Investments in new technologies, efficient procurement and inventory management, and the enhancement of product portfolios are key strategies for market players to sustain growth. The development of novel formulations and delivery methods is also a significant trend shaping the market landscape[1].

Clinical Efficacy and Research

Intracerebral Hemorrhage (ICH)

Research, such as the TICH-2 trial, has shown that tranexamic acid may reduce mortality at one year without increasing the number of severely dependent survivors in patients with ICH. However, it did not improve functional outcomes at one year. These findings highlight the need for better treatments for ICH and ongoing research into the efficacy of early hemostatic therapy[2].

Comparative Administration Methods

Studies have found that intravenous administration of tranexamic acid is superior to topical administration, particularly in reducing bleeding events during heart surgery. Topical administration did not meet its primary endpoint and was associated with an increased risk of bleeding events[5].

Financial Trajectory

The financial trajectory of the tranexamic acid market is positive, with significant growth projected over the next several years. Here are some key financial metrics:

  • Global Market Size 2024: USD 86.6 million
  • Projected Market Size 2031: USD 131.94 million
  • CAGR 2024-2031: 6.20%
  • North America Market Size 2024: USD 34.64 million
  • North America CAGR 2024-2031: 4.4%
  • Europe Market Size 2024: USD 25.98 million
  • Europe CAGR 2024-2031: 4.7%
  • Asia Pacific Market Size 2024: USD 19.92 million
  • Asia Pacific CAGR 2024-2031: 8.2%[4].

Key Takeaways

  • The global tranexamic acid market is expected to grow significantly, driven by increasing surgical procedures, rising prevalence of bleeding disorders, and expanding cosmetic applications.
  • Regional markets, particularly North America, Europe, and the Asia Pacific, are key contributors to the global market.
  • Economic and supply chain challenges need to be addressed through effective industry collaboration and regulatory frameworks.
  • Ongoing research into the clinical efficacy of tranexamic acid, especially in conditions like ICH, is crucial for its continued use and development.
  • The financial trajectory indicates a strong growth potential, with the market expected to reach USD 131.94 million by 2031.

FAQs

What are the primary drivers of the tranexamic acid market?

The primary drivers include increasing surgical procedures, the rising prevalence of bleeding disorders, and expanding cosmetic applications.

What is the projected global market size of tranexamic acid by 2031?

The global market size is projected to reach USD 131.94 million by 2031, growing at a CAGR of 6.20% from 2024 to 2031.

Which region holds the largest market share for tranexamic acid?

North America holds the largest market share, accounting for over 40% of the global revenue.

What are the challenges faced by the tranexamic acid market?

Challenges include sluggish economic growth, shifting consumer preferences, fluctuations in raw material costs, and the need for a robust regulatory framework.

How does tranexamic acid perform in treating intracerebral hemorrhage (ICH)?

Tranexamic acid may reduce mortality at one year without increasing severely dependent survivors in ICH patients but does not improve functional outcomes at one year.

Sources

  1. 2024 Tranexamic Acid Market Outlook Report - ResearchAndMarkets
  2. Outcome 1 year after ICH: Data from the Tranexamic acid for intracerebral haemorrhage 2 (TICH-2) trial - University of Edinburgh
  3. Tranexamic Acid Market Report | Global Forecast From 2023 To 2032 - DataIntelo
  4. Tranexamic Acid Market Report 2024 (Global Edition) - Cognitive Market Research
  5. Topical Tranexamic Acid Found Inferior to Intravenous Administration - American College of Cardiology

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