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Leading Growth Driver in the Corifact Market in 2025: Rising Prevalence Of Bleeding Disorders Driving Growth In The Corifact Market Driver's Influence
Corifact Market Size
In recent years, the corifact market has experienced a of $XX. The market is anticipated to escalate from $XX million in 2024 to $XX million in 2025, with a compound annual growth rate (CAGR) of $XX%. This growth during the historic period is the result of the escalated use of factor XIII concentrates, heightened awareness, increased automation, demand for prolonged care provision, and the introduction of novel plasma fractionation technologies.
In the forthcoming years, the Corifact market size is predicted to witness a $XX. By 2029, it is projected to expand to $XX million, with a compound annual growth rate (CAGR) of $XX%. Factors like rising incidence of bleeding disorders, better awareness and early diagnosis, increased surgical processes, growing consumers dependence, and prolonged half-life of factor VIII are contributing to this growth trend during the forecast phase. Key developments anticipated during the forecast period include technological progress, enhancements in health infrastructure, novel methods for developing recombinant therapies, advancements in biotech, and Corifact's approval by the FDA.
What Key Elements Are Boosting Growth in the Corifact Market?
The escalating incidences of bleeding disorders are anticipated to fuel the progression of the corifact market. Bleeding disorders, which hinder the blood's ability to clot properly causing excessive or prolonged bleeding, are on the rise due to better diagnostic procedures, heightened awareness, advancements in genetic testing, as well as shifts in lifestyle and the frequency of underlying conditions. Corifact addresses bleeding disorders resulting from factor XIII deficiency by compensating for the absent clotting factor, forming steadfast blood clots and minimizing excessive bleeding. As an example, in October 2023, it was reported by the World Federation of Hemophilia Report, a non-profit organization based in Canada, that in 2022, a total of 427,685 individuals across the globe were identified as having bleeding disorders. This figure included 257,146 instances of hemophilia (208,957 of hemophilia A, 42,203 of hemophilia B, and 5,986 of an unspecified variety), 100,505 instances of von Willebrand disease, and 70,034 instances of other bleeding disorders. As a result, the escalating incidence of bleeding disorders is propelling the growth of the corifact market.
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Who Are the Major Industry Players Fueling Corifact Market Expansion?
Major companies operating in the corifact market include CSL Behring
How Is the Segmentation of the Corifact Market Defined?
The corifact market covered in this report is segmented -
1) By Product: Human-Derived Factor XIII, Recombinant Factor XII
2) By Therapeutic Applications: Routine Prophylactic Treatment, Peri-Operative Management
3) By Distribution Channels: Hospital Pharmacies, Specialty Pharmacies, Outpatient Clinics
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What Is the Leading Region in the Corifact Market?
North America was the largest region in the corifact market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corifact market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Corifact Global Market Report?
- Market Size Analysis: Analyze the corifact Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the corifact market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall corifact market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the corifact market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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