Fibrinogen Concentrate Market to witness Massive Growth by 2025-CSL Behring, Hualan Biological Engineering Inc., LFB, Molecular Innovations Inc., Octapharma AG, Shanghai RAAS

Fibrinogen Concentrate Market by Component, Application, Services, and Region- Forecast to 2025

The Global Fibrinogen Concentrate Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Fibrinogen Concentrate business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Fibrinogen Concentrate worth chain and its wholesaler examination. Fibrinogen Concentrate Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The fibrinogen concentrate market is expected to register a healthy CAGR during the forecast period.

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Top Leading Companies of Fibrinogen Concentrate Market are CSL Behring, Hualan Biological Engineering Inc., LFB, Molecular Innovations Inc., Octapharma AG, Shanghai RAAS and others.

-Industry News And Updates on Fibrinogen Concentrate Market-

North America is Expected to Hold a Significant Share in the Market and this is Expected Remain the Same in the Forecast Period

North America expected to hold a major market share in the global fibrinogen concentrate market due to the increasing burden of bleeding disorders and rising geriatric population. According to the U.S. Census Bureau, in 2018, people aged 65 and above were accounted to be approximately 52 million. Acquired hemophilia, a rare autoimmune disorder, is quite predominant in the geriatric population. According to the National Organization of Rare Disorders, at least 1-2 people per 1,000,000 are affected by the acquired hemophilia in the United States. Around 50% of the affected population the underlying disorders are difficult to identify.

-Key Market Trends Fibrinogen Concentrate Market-

Congenital Fibrinogen Deficiency Segment is Expected to Register Significant Growth in the Fibrinogen Concentrate Market

- Congenital Fibrinogen Deficiency is expected to register a higher growth in the fibrinogen concentrate market owing to the higher prevalence of hemophilia and development in products related to fibrinogen. According to the National Hemophilia Foundation, currently, worldwide the prevalence of hemophilia is more than 400,000. Furthermore, approximately 75% of the affected population still do not receive proper treatment.

- According to the study published in the year 2019 by the Journal of Thrombosis and Haemostasis, Fibclot and Clottafact, a human fibrinogen concentrate was found to provide effective therapy for the patients with fibrinogen deficiency. Hence, the rising prevalence of bleeding disorders and the safety and efficacy of human fibrinogen concentrate is expected to propel the fibrinogen concentrate market growth in this segment.

-Competitive Landscape On Fibrinogen Concentrate Market-

Various companies are taking initiatives to improve their presence in the market. In 2019, Octapharma AG received approval for Fibryga, a fibrinogen concentrate, to be marketed in 15 European countries. Few of the companies that are currently dominating the market are LFB, Molecular Innovations Inc., Octapharma AG, CSL Behring, Shanghai RAAS, and Hualan Biological Engineering Inc.

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