Press release
Corifact Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Corifact Market
The escalating incidence of bleeding disorders is anticipated to drive the growth of the corifact market in the future. Bleeding disorders hinder the blood's effective clotting ability, causing extensive or prolonged bleeding. The upsurge in such disorders can be traced back to enhanced diagnosis, heightened awareness, progress in genetic testing, lifestyle modifications, and the incidence of chronic diseases. Corifact effectively manages bleeding disorders instigated by factor XIII deficiency as it substitutes the absent clotting factor, thereby creating stable blood clots and minimizing relentless bleeding. For example, a report issued by the World Federation of Hemophilia Report, a non-profit organization based in Canada, in October 2023 stated that, in 2022, bleeding disorders were diagnosed in 427,685 people globally. This involved 257,146 cases of hemophilia (208,957 of hemophilia A, 42,203 of Hemophilia B, and 5,986 with an unspecified type), 100,505 instances of von Willebrand disease, and 70,034 cases of other bleeding disorders. Thus, the mounting incidence of bleeding disorders is propelling the corifact market's expansion.
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What is the future CAGR of the corifact market, and how will it impact industry expansion?
In recent years, the corifact market has reached an (HCAGR) size of XX. This market is projected to grow from $XX million in 2024 to $XX million in 2025 with a compound annual growth rate (CAGR) of XX%. Factors contributing to this growth during the historical period include a rise in the usage of factor XIII concentrates, improved awareness, enhanced automation, increased demand for extended care delivery, and the implementation of new plasma fractionation technologies.
The size of the Corifact market is predicted to witness an XX (FCAGR) increase in the upcoming years, reaching $XX million by 2029 at a compound annual growth rate (CAGR) of XX%. The growth anticipated for the forecast period is due to factors such as a rise in the incidence of bleeding disorders, enhanced awareness and early diagnosis, an increase in surgical procedures, a growing client base dependence, and the extended half-life of factor VIII. Significant trends projected for the forecast period include technological advancements, improvements in healthcare infrastructure, innovative strategies for developing recombinant therapies, progress in biotechnology, and the FDA's approval of Corifact.
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Which key market segments comprise the corifact market and drive its revenue growth?
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 regions are at the forefront of corifact market expansion?
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.
Who are the leading players fueling growth in the corifact market?
Major companies operating in the corifact market include CSL Behring
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What Is Covered In The Corifact Global Market Report?
•Market Size Forecast: Examine the corifact market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the corifact market for a structured understanding.
•Key Players Overview: Analyze major players in the corifact market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the corifact market.
•Segment Contributions: Evaluate how different segments drive overall growth in the corifact market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the corifact market.
•Industry Challenges: Identify potential risks and obstacles affecting the corifact market.
•Competitive Landscape: Review strategic developments in the corifact market, including expansions, agreements, and new product launches.
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