Press release
Steady Expansion Forecast for Prothrombin Complex Concentrate Market, Projected to Reach $1.83 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Prothrombin Complex Concentrate Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market encompassing prothrombin complex concentrate has experienced robust expansion lately.Projections indicate this market will expand from a valuation of $1.29 billion in 2024 to reach $1.38 billion the following year, reflecting a steady compound annual growth rate (CAGR) of 6.7%.This upward trajectory throughout the historical timeframe is linked to several factors, including the escalating incidence of hemorrhagic conditions, a greater reliance on these concentrates for reversing warfarin effects, heightened understanding regarding clotting treatments, a broadening scope of surgical operations, and a rise in the number of trauma incidents.
Prothrombin Complex Concentrate Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation suggests the prothrombin complex concentrate market will experience robust expansion in the coming years, reaching a valuation of $1.83 billion by 2029, driven by a compound annual growth rate (CAGR) amounting to 7.3%. This forecasted upswing is fueled by several factors, notably the escalating need for swift coagulation treatments, the rising incidence of both hemophilia and various liver ailments, greater utilization within emergency medical settings, broader implementation during cardiac operations, and an overall increase in spending on healare services. Key developments shaping this market moving forward encompass the incorporation of artificial intelligence in diagnostic procedures, progress in developing recombinant coagulation factors, the arrival of newer generation recombinant PCCs, the implementation of tailored dosage calculations, and continuous improvements in blood plasma-derived products.
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What Are the Drivers Transforming the Prothrombin Complex Concentrate Market?
The expanding incidence of blood clotting impairments is anticipated to boost the expansion of the prothrombin complex concentrate market in the future. These disorders represent health issues where proper blood clotting is hindered, resulting in profuse bleeding because of either absent or dysfunctional coagulation elements or platelets. The primary reasons for the surge in bleeding disorders include the growing frequency of inherited ailments like hemophilia, an uptick in liver ailments, the wider application of medication to prevent blood clots, and a greater occurrence of insufficient Vitamin K levels. Prothrombin complex concentrate serves a vital role in managing these bleeding issues by swiftly restoring coagulation factors, which are indispensable for effective blood stopping and hemostasis. To illustrate this, back in November 2023, the National Library of Medicine, situated in the United States, noted that a study focusing on 10,276 people afflicted with hemophilia was carried out in 2022 across 87 medical facilities spanning 40 nations. Almost half, 49 percent, of those studied suffered from severe hemophilia, an overwhelming 99 percent were male, and 85 percent had been diagnosed specifically with hemophilia A. Furthermore, a substantial proportion, 67 percent of the patient cohort, originated from nations categorized as low- or middle-income. Consequently, the rising numbers observed in bleeding disorders are fueling the progression of the prothrombin complex concentrate market.
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What Long-Term Trends Will Define the Future of the Prothrombin Complex Concentrate Market?
Key players within the prothrombin complex concentrate arena are concentrating efforts on pioneering novel product designs, particularly lyophilized powders, aiming to boost product dependability, optimize storage parameters, and streamline the delivery process. This freeze-dried formulation eliminates moisture content, thereby extending the product's usable lifespan and preserving its full therapeutic strength, which subsequently facilitates less demanding storage requirements and swift preparation when immediate medical intervention is necessary. Illustrating this market trend, in July of 2023, Octapharma USA Inc., a biotechnology firm situated in the United States, secured authorization from the FDA for Balfaxar, a concentrate comprising four coagulation factors designated as 4F-PCC, intended for the rapid counteraction of warfarin effects during surgical operations and procedures that involve tissue penetration. This regulatory success stemmed from the outcomes of the LEX-209 study, which demonstrated a hemostatic effectiveness rate of 94.6%, establishing its performance as equivalent to that of Kcentra, thereby highlighting the sector's commitment to advancing blood clotting treatments for superior results in intensive medical situations.
Which Segments in the Prothrombin Complex Concentrate Market Offer the Most Profit Potential?
The prothrombin complex concentratemarket covered in this report is segmented -
1) By Product: 3-Factor Prothrombin Complex Concentrates; 4-Factor Prothrombin Complex Concentrates; Other Products
2) By Indication: Haemorrhagic Episodes In Factor IX Deficiency (Haemophilia B); Trauma; Life-Threatening Coagulopathy With Acute Bleeding; Warfarin-Associated Acute, Life-Threatening Bleeding; Non-Warfarin Anticoagulant Reversal With Acute Bleeding
3) By Route Of Administration: Intravenous; Subcutaneous; Intramuscular
4) By End-Use: Hospital And Ambulatory Surgical Centers; Specialty Clinics; Other End Users
Subsegments:
1) By Type: Low-Dose 3-Factor Prothrombin Complex Concentrates (PCC); High-Dose 3-Factor Prothrombin Complex Concentrates (PCC); Lyophilized 3-Factor Prothrombin Complex Concentrates (PCC)
2) By Type: Low-Dose 4-Factor Prothrombin Complex Concentrates (PCC); High-Dose 4-Factor Prothrombin Complex Concentrates (PCC); Activated 4-Factor Prothrombin Complex Concentrates (PCC)
3) By Type: Recombinant Coagulation Factor Complexes; Plasma-Derived Coagulation Factor Complexes; Combination Therapy Products
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Which Firms Dominate the Prothrombin Complex Concentrate Market by Market Share and Revenue in 2025?
Major companies operating in the prothrombin complex concentrate market are Pfizer Inc., Bristol-Myers Squibb Company, Takeda Pharmaceutical Company Limited, Novo Nordisk A/S, CSL Behring GmbH, Intas Pharmaceuticals Ltd, Baxter International Inc, Grifols S.A., Octapharma AG, Kedrion S.p.A, Haemonetics Corporation, Green Cross Corporation, Shanghai RAAS Blood Products Co. Ltd, Emergent BioSolutions, LFB Group, Hualan Biological Engineering Chongqing Co. Ltd., Sanquin Blood Supply Foundation, Bio Products Laboratory Ltd (BPL), Prothya Biosolutions B.V., China Biologic Products Holdings Inc.
Which Regions Offer the Highest Growth Potential in the Prothrombin Complex Concentrate Market?
North America was the largest region in the prothrombin complex concentrate market in 2024. The regions covered in the prothrombin complex concentrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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