Global Thrombin Market Study Display Significant Growth Due to Its Demand in Surgical Cases 2017 – 2025

Market Research Hub (MRH) has publicized a study titled "Thrombin Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2017 – 2025" to its comprehensive collection of research studies. This 162-page report offers a holistic perspective on the market's growth in terms of revenue in US$ Mn, across different geographical regions namely North America, Europe, Asia Pacific, and Rest of the World. The study includes drivers and restraints of the global thrombin market. It also covers the impact of these drivers and restraints on demand for thrombin during the mentioned forecast period. Further, it highlights opportunities in the thrombin market in above-mentioned regions.

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Forecast Assumptions & Key Dynamics
As per the study key findings, the global thrombin market is likely to reach US$690.1 mn by the end of 2025, as compared to US$496.1 mn in 2016. Between 2017 and 2025, the global thrombin market is likely to expand at a steady 3.8% CAGR.

Thrombin is a coagulation protein that is present in the blood of humans and other animals. It is widely used in various diagnostic procedures such as coagulation assays, defibrination of blood plasma, and clotting factor test. It has been analyzed that hemorrhage or excessive bleeding is responsible for over one third of pre-hospital deaths globally and about 40% of deaths occurred within the first 24 hours of trauma. Due to this reason, the global thrombin market has been driving. Also, analysts found that rise in number of surgical cases globally is expected to drive thrombin market in the coming years.
The study also examines that rising use of thrombin in diagnostic tools is anticipated to support growth of global thrombin market and in addition will create new opportunities in the near future.

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Segmental Analysis
Furthermore, the global thrombin market can be primarily segmented into three categories: by product type, dosage form, end-user and geography. Each of the market segments have been extensively analyzed based on the market related factors such as increasing demand of thrombin products worldwide, and technological advancement. The findings based on market segmentation include-
- Major product type include Bovine Thrombin, Recombinant Thrombin and Human Thrombin. Among the key product types, the bovine thrombin segment noted for surging demand and emerged as a key revenue contributor to the global thrombin market in 2016.
- Among end users, the hospitals segment is likely to contribute the highest revenue to the global market.

- In terms of geography, Asia Pacific is anticipated to grow more rapidly during the forecast period due to major contribution from countries like Japan, India and China.
The final section of the study presents an exhaustive analysis focusing on the prime players operating in the thrombin market which are Japan Blood Products Organization, Mallinckrodt Pharmaceuticals, Johnson & Johnson, Pfizer, Inc., Shanghai RAAS blood products co., Ltd., and Mochida Pharmaceutical Co., Ltd.

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