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Blood Clotting Accelerant Market Size Estimation, Top Key Players and Future Trends | Baxter International, PeproTech, Kedrion SpA. Kedrion S.P.A, Octapharma AG, Novo Nordisk A/S, Sekisui Chemical, CSL Limited, Greiner Bio-One AG, Grifols International SA, ACROBiosystems.

November 5th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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Blood clot accelerants are used to improve the process of blood clotting with a shorter period of time than normal required time in an individual. The use of blood clotting accelerants is increasing due to higher prevalence of conditions such as anemia, hemophilia, deep vein thrombosis, pulmonary embolism, and genetic blood deficiencies, which affect normal coagulation process. According to the Centers for Disease Control and Prevention (CDC), from 1998 to 2014, the precise number of people affected by deep vein thrombosis (DVT)/ pulmonary embolism(PE) is unknown, however, around 900,000 people could be affected (1 to 2 per 1,000) each year in the U.S. Blood clot accelerants are available in two types, crystalline blood clot accelerants and aqueous blood clot accelerants, whereas crystalline blood clot accelerants are more effective over aqueous blood clot accelerants due to its longer shelf life period.

Global Blood Clotting Accelerant Market– Drivers

The rising prevalence of hemophilia, thrombosis, pulmonary embolism, and deep vein thrombosis is resulting in increasing burden of blood clot conditions in the world. Blood clotting accelerant is an effective treatment for hemophilia and thrombosis blood clot conditions and also in surgical procedures. Thus, pharmaceutical companies across the world are focusing on research and development, to expect growth and make profit in the global blood clotting accelerant market. For instance, in July 2020, Precision Biologic Inc, a leading developer of blood clot accelerant products, announced the launch of CYROCHECK chromogenic factor VIII assay in the U.S. It will be used by clinical labs for determination of factor VIII in human plasma in case of hemophilia A.

Global Blood Clotting Accelerant Market- Impact of COVID-19

An unprecedented outbreak of the COVID-19 (coronavirus) has impacted blood clotting accelerants market negatively. As coronavirus spread in New York in late March, doctors of Mount Sinai Hospital noticed something strange happening to patient’s blood. Doctors from different specialties observed Signs of blood thickening and clotting were being detected in different organs in patient. Thus, use of blood clotting accelerants may lead to dangerous situation during this pandemic period, as thrombosis, blood cancer, and pulmonary embolism patients are at high risk of being affected by COVID-19 infection. In such cases, further administration of blood clot accelerants in patients may lead to patient fatalities. This factor is resulting in declining demand for blood clot accelerants during this pandemic situation.

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Global Blood Clotting Accelerant Market- Restraints

Special precautions are to be taken for storage of blood clot accelerant products, as it is important to store them in specific temperature. The primary drawback in blood clotting accelerant market is that, blood clotting agents are mainly composed of blood coagulant factors, which decrease the coagulation time. These coagulant factors are at a high risk of causing impurity in blood clotting accelerators. Moreover, in case of clinical practices/ hospitality practices handling of blood clotting agents is very difficult and very small mistake in handling may lead to severe condition in patients. These factors are expected to restrain the global blood clotting accelerant market growth.

Global Blood Clotting Accelerant Market- Regional Analysis

On the basis of region, the global blood clotting accelerant market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America blood clotting accelerant market is expected to hold dominant position in the market and exhibit high growth due to pharmaceutical companies accompanied with research and development. For instance, in 2019, Baxter International Inc announced that it received the U.S. Food and Drug Administration (FDA) approval for faster preparation of its leading hemostatic product, Floseal Hemostatic Matrix, which helps to stop bleeding 96% of the time within 10 minutes during surgical procedures.

Moreover, Europe blood clotting accelerant market is expected to witness significant growth in the market due to increasing prevalence of blood related diseases such as thrombosis, blood cancer, and pulmonary embolism. Moreover, various initiatives taken by pharmaceutical companies is expected to support growth of the blood clotting accelerant market. For instance, in June 2020, Kedrion Biopharma supported ‘WFH Virtual Summit 2020’ the summit had presence of international experts present to discuss on opportunity on most current and relevant topic in field of coagulation disorders, including the challenges faced by pharmaceutical companies in COVID-19 pandemic.

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Global Blood Clotting Accelerant Market- Competitive Landscape

Key players operating in global blood clotting accelerant market include Baxter International Inc, PeproTech Inc, and Kedrion SpA. Kedrion S.P.A, Octapharma AG, Novo Nordisk A/S, Sekisui Chemical CO. LTD, CSL Limited, Greiner Bio-One AG, Grifols International SA, and ACROBiosystems.

Key Developments-

  1. In 2019, Grifols, S.A., and Johnson & Johnson announced that it received approval from the U.S. Food Drug and Administration to market VISTASEAL. Vistaseal is a fibrin sealant used to manage surgical bleeding.
  2. In 2019, Octapharma AG, announced that the human fibrinogen concentrate FIBRYGA received approval for use in treatment of acquired fibrinogen deficiency (AFD) in 15 European countries
  3. In 2017, Ethicon, a subsidiary of Johnson & Johnson, announced that it received approval from the U.S. Food Drug and Administration (FDA) Surgicel powder adsorbate hemostat. Surgicel powder is used in surgical procedures to control the flow of blood.

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Global Blood Clotting Accelerant Market- Taxonomy

  • By Product Form
    • Powder
    • Solution
    • Others
  • By Route of Administration
    • Topical
    • Parental
  • By End-User
    • Specialty Clinics
    • Hospitals
    • Research Institutes
    • Diagnostic Laboratories
  • By Region
    • North America
    • Latent America
    • Europe
    • Asia Pacific
    • Middle East
    • Africa

Other Exclusive Reports:

Blood Clotting Factors Market, by Product Type (Factors VII, Factor VIII, Factor IX, Factor X, Factor XIII, Von Willebrand Factor, Anti-Inhibitor Coagulant Complex, and Others), By Application (Haemophilia, Von Willebrand Disease, Surgery, and Other Bleeding Disorders), By Technology (Plasma-derived and Recombinant), By Distribution Channel (Hospitals Pharmacies, Retail Pharmacies, and Online Pharmacies), By Geography – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Angiostomy Cannula Market, by Type (Cardiac Cannula, Vascular Cannula, Arthroscopy Cannula, Dermatology Cannula, Nasal Cannula, Floating Spinal Cannula, Vitreoretinal Cannula, and Hysterosalpingography Cannula), By Application (Cardiovascular Surgery, Oxygen Therapy, Orthopedic Surgery, Diabetes Treatment, Neurology, General Surgery, and Cosmetic/Plastic Surgery), By End User (Hospital, Ambulatory Surgical Centers, Blood Banks, and Home Healthcare Facilities), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

Respiratory Disease Testing Market, By Test Type (Imaging Test, Spirometry, Peak Flow Test, Blood Gas Test, Lung Volume Test, Others), By End User (Hospitals, Physician Offices, Clinical Laboratories), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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