The global thrombin market is favoured by rising incidence of thrombosis among people, globally. The fatal nature of thrombosis and use of thrombin to trump thrombosis is emphasized in Fortune Business Insights’ latest report, titled “Thrombin Market: Global Analysis, Insights and Forecasts, 2019-2026.”
In the report, Fortune Business Insights has briefed that an increasing emphasis on clinical trials of thrombin has boosted the global market and it is estimated to expand at a CAGR of 4.1%. As of 2018, the thrombin market was valued at US$ 535.0 Mn and the forecasted CAGR means that this market will be valued at around US$ 738.7 Mn by the end of 2025.
“Widespread Applications of Thrombin to Boost Global Market”
Thrombin has come a long way from its conventional use to stop bleeding in small cuts on body parts. Now, thrombin plays a major role in most of the surgeries, worldwide. The clinical efficiency of thrombin has led to its widespread use in healthcare industry, a key factor enabling growth in the thrombin market. Thrombin is vastly effective in facilitating surgical hemostasis.
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Over the years, human thrombin was replaced with bovine thrombin, due to its increased efficiency in surgical procedures. Bovine-derived thrombin was successfully used in patients with hemodialysis. Bovine thrombin is massively helpful in treating hemorrhages in hemodialysis, where-in an excessive amount of blood is lost. The extent of blood losses in hemodialysis can lead to various disorders and may also prove fatal in some cases.
Thus, bovine-derived thrombin is given huge emphasis and healthcare professionals have prioritized thrombin for treating hemorrhages. The thrombin market is therefore forecast to witness a high demand for bovine-derive thrombin in the com9ing years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Pfizer Inc.
• Johnson & Johnson Services Inc.
• Baxter
• Shanghai RAAS blood products co. Ltd.
• Japan Blood Products Organization
• Mochida Pharmaceutical Co.
“Recothrom to Emerge as The Most Widely Used Product Type”
As surgical blood loss has been prioritized by surgeons and healthcare professionals worldwide, there is an increasing need for an efficient solution to minimize such severe losses. Recothrom was initially manufactured by a US based company, ZymoGenetics. After involvement from Bayer Healthcare, Recothrom was later acquired by Baxter International. The 2018 acquisition of Recothrom by Baxter has proved fruitful to the overall Thrombin Market.
As of now, Recothrom is the only drug that has been clinically approved for commercial use as a recombinant thrombin brand. Furthermore, Recothrom finds applications in cases where standard surgical procedures such as suture or cautery is ineffective.
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Market Segmentation:
By End user
• Hospitals
• Diagnostics Centers & Clinics
• Academics and Research Institutes
By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
• Asia Pacific (Japan, China, Australia, and Rest of Asia Pacific)
• Rest of the World
