The global prothrombin complex concentrate (PCC) size is poised to reach USD 1,076.5 million by 2025, registering a CAGR of 9.1% during the forecast period. Rising prevalence of hemophilia across the globe is expected to be a major growth driver for this market. Hemophilia is a rare blood disorder wherein normal blood clotting does not occur due to absence or insufficient amount of clotting proteins in the individual’s blood. Though rare, the disorder has been found to have increased in prevalence. According to a study led by Canada’s McMaster University, more than 1,125,000 men worldwide suffer from this inherited affliction. PCC treatments have been found to be highly effective in managing hemophilia, a study published in JAMA Pediatrics, a peer-reviewed medical journal, found. This bodes well for the prothrombin complex concentrate market growth as adoption rate of PCC therapeutics picks up pace.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/prothrombin-complex-concentrate-pcc-market-100102
Fortune Business Insights identifies the following players in the PCC market:
- China Biologic Products Holdings, Inc.
- Grifols SA
- Octapharma AG
- Kedrion S.p.A
- CSL Behring
According to the Fortune Business Insights report, titled “Prothrombin Complex Concentrate (PCC) Market Size, Share and Industry Analysis By Product Type (3-factor PCC, 4-factor PCC), By Application (Congenital and Acquired Coagulation Factor deficiency), By End User (Hospitals, Ambulatory Surgical Centers), and Regional Forecast 2018-2025”, the market value stood at USD 536.3 million in 2017. The report also contains a bird’s eye-view analysis of the overall industry outlook and a worm’s eye-view assessment of the various factors, future prospects, upcoming trends, regional dynamics, and competitive landscape that will shape the market in the forecast period.
Request a Sample Copy of Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/prothrombin-complex-concentrate-pcc-market-100102
Asia-Pacific to Boast a High CAGR; North America to Dominate
With a revenue generation of USD 210.2 million in 2017, North America is set to lead the global prothrombin complex concentrates market share in the forecast period. This is mainly owing to the presence of major players in the region. Evolving health insurance policies for rare blood disorders and increase in the number of plasma collection centres in India and China will enable Asia-Pacific to grow at an impressive CAGR till 2025. In Europe, the market will be driven by the rising prevalence of congenital coagulation factors deficiency.
Operational Diversification by Players to Intensify Competition
According to the prothrombin complex concentrate market trends, key players are adopting strategies to expand, disperse, and diversify their operational reach with a view to strengthen their position in the PCC market. This is being accomplished through partnerships with other companies and acquisition activities.
Key industry developments:
- June 2017: The Chinese plasma fractionator, Wuhan Zhong Yuan Rui De Biological, was acquired by CSL Behring to establish CSL’s presence in the plasma fractionation market in China. This move was further vindicated when CSL’s PCC brand, Kcentra, got cleared for commercial release in Japan.
- August 2018: Grifols S.A. took over 24 plasma donation centres in the US, thereby strengthening its supply of plasma proteins for blood disorder treatments.
More Trending Topics from Fortune Business Insights: