Press release
Global Corifact Market Outlook 2025-2034: Drivers, Innovations, And Future Outlook
Corifact
What Is the Corifact Market Size and Projected Growth Rate?
In the recent past, the corifact market has grown at a rate of XX (HCAGR). The predictions for the market suggest an escalation from a valuation of $XX million in 2024 to $XX million in 2025, marking a compound annual growth rate (CAGR) of XX%. The expansion observed in the historical phase is believed to be due to a number of factors including the heightened usage of factor XIII concentrates, an amplified awareness, widespread automation, a growing need for extended care delivery, along with the introduction and acceptance of new plasma fractionation technologies.
Expectations are set for the corifact market size to experience a full compound annual growth rate (FCAGR) of XX% in the upcoming years. The market is anticipated to reach a value of $XX million by 2029. This forecasted growth can be linked to a variety of factors including the rising incidence of bleeding disorders, heightened awareness and earlier diagnoses, an increase in surgical procedures, growing reliability from the client base, and prolonged half-life of factor VIII. The projected trends for the period include technological advancements, enhancements in healTH*Care infrastructure, innovative methodologies in developing recombinant therapies, progress in biotechnology, and the FDA's approval of Corifact.
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What Are the Major Segments in the Corifact Market?
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 Are The Driving Corifact Market Evolution?
The growth of the corifact market is anticipated to be fueled by the escalating incidence of bleeding disorders. These disorders hinder the blood's clotting process, resulting in extended or severe bleeding. The surge in such conditions can be traced back to enhanced diagnostic techniques, heightened awareness, progress in genetic testing, lifestyle modifications, and the manifestation of certain underlying health conditions. Corifact is designed to address bleeding problems caused by a deficiency in factor XIII, substituting the absent clotting factor, promoting the formation of firm blood clots, and mitigating excessive bleeding. Citing a report released by the World Federation of Hemophilia Report, a non-profit organization based in Canada, in October 2023, it was found that in 2022, 427,685 individuals around the globe were identified to have bleeding disorders. This comprised of 257,146 instances of hemophilia (208,957 of hemophilia A, 42,203 of hemophilia B, and 5,986 of an unspecified type), 100,505 instances of von Willebrand disease, and 70,034 instances of other types of bleeding disorders. Consequently, the rising incidences of bleeding disorders are responsible for the proliferation of the corifact market.
Which Firms Dominate The Corifact Market Segments?
Major companies operating in the corifact market include CSL Behring
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Which Is The Largest 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Corifact Market?
2. What is the CAGR expected in the Corifact Market?
3. What Are the Key Innovations Transforming the Corifact Industry?
4. Which Region Is Leading the Corifact Market?
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