CMI published a business research report on “Blood Clotting Factors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2021–2027”. Blood Clotting Factors with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
Blood Clotting Factors Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. Blood Clotting Factors Market offers complete, proficient report delivering market research data that is relevant for new market entrants or set up players. Key strategies of the companies operating in the market and their impact analysis have been included in the report.
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Proteins or enzymes that regulate bleeding are known as blood clotting factors. Blood clotting, also known as blood coagulation, is a process in which blood is transformed into solid clots when a lesion or blood artery breaks down. Clotting can help avoid mortality from bleeding by preventing germs and viruses from entering the body. Hemostasis is the clotting process, which is regulated by a group of proteins known as blood clotting factors. Blood clotting disorders including hemophilia and von Willebrand disease can be caused by the scarcity of these factors (VWD). According to the Centers for Disease Control and Prevention (CDC), about 20,000 men in the U.S. had hemophilia in 2017.
During the forecast period, the licensing of new medicines is likely to drive the global blood clotting factors market growth. CSL Behring obtained confirmation from the Korea Ministry of Food and Drug Safety in January 2020 for Afstyla, a single-chain recombinant antihemophilic factor VIII therapy for patients with Hemophilia A. In addition, the European Commission granted Novo Nordisk marketing authorization for Esperoct in Europe in June 2019. Turoctocog alfa pegol, N8-GP, is a brand name for turoctocog alfa pegol, a drug used to treat hemophilia A in adolescents and adults (congenital factor VIII deficiency).
The global blood clotting factors is projected to expand due to the high frequency of hemophilia. Hemophilia A impacted 1 in every 5,000 male births in the U.S., according to statistics released by the Centers for Disease Control and Prevention (CDC) in September 2018. Likewise, according to Cleveland Clinic data from 2016, Hemophilia impacted 1 in every 25,000 to 30,000 boys.
Increasing efforts and contributions for helping the people treated with Hemophilia is projected to boost the market expansion during the forecast period. In April 2019, Grifols Worldwide SA, a producer of plasma derived products, provided more than 100 million international units of blood clotting factor medicines under the long-term goal of giving support to the Hemophilia sufferers.
Hemophilia is a rare blood condition that affects just a tiny percentage of the world’s population. Due to the low return on investment, pharmaceutical companies invest less in the development of such medicines. The FDA, on the other hand, has acknowledged this fact and has developed a favorable policy to encourage businesses to invest in this field. The Orphan Drug Act, which applies to companies in this field, offers three special incentives: a seven-year exclusivity period, a tax credit, and the elimination of prescription drug user fees. As a result of this policy, the company has invested in rare disease research, leading to the development of products like Hemlibra (Emicizumab-kxwh), Adynovate, and others.
In advanced economies such as the U.S. and Canada, the soaring number of commercial authorizations and heightened recognition about rare diseases has resulted in a large number of patients receiving treatment. North America has dominated the market due to the factors mentioned above, and it is projected to continue to do so during the forecast period.
Due to an increase in the number of individuals diagnosed with chronic, advantageous compensation policies, and more product launches by market participants, Asia Pacific is projected to expand rapidly. Roche Products India Pvt. Ltd introduced Emicizumab, a hemophilia A medication marketed as Hemlibra, in India in April 2019. Through Factor VIII inhibitors, it is suggested as a preventive therapy for lowering the frequency of bleeding episodes in individuals with hemophilia A. Outpatient hemophilia therapy is supported by health insurance systems in more than 80 percent of Chinese cities, according to a 2012 study by the Chinese Ministry of Health, with compensation limitations and customer co-pay demands of more than 50%.
Major companies contributing in the global blood clotting factors market are Roche AG, Pfizer Inc., Grifols International SA, Baxter International Inc., Shire Plc, Kedrion S.P.A., Biogen Idec, Octapharma AG, Novo Nordisk A/S, and Bayer AG.Kedrion S.P.A.
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Main points in Blood Clotting Factors Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Blood Clotting Factors Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Blood Clotting Factors Industry Impact
Chapter 2 Blood Clotting Factors Competition by Types, Applications, and Top Regions and Countries
2.1 Blood Clotting Factors (Volume and Value) by Type
2.3 Blood Clotting Factors (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Blood Clotting Factors Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Blood Clotting Factors Market Analysis
Chapter 6 East Asia Blood Clotting Factors Market Analysis
Chapter 7 Europe Blood Clotting Factors Market Analysis
Chapter 8 South Asia Blood Clotting Factors Market Analysis
Chapter 9 Southeast Asia Blood Clotting Factors Market Analysis
Chapter 10 Middle East Blood Clotting Factors Market Analysis
Chapter 11 Africa Blood Clotting Factors Market Analysis
Chapter 12 Oceania Blood Clotting Factors Market Analysis
Chapter 13 South America Blood Clotting Factors Market Analysis
Chapter 14 Company Profiles and Key Figures in Blood Clotting Factors Business
Chapter 15 Blood Clotting Factors Market Forecast (2021-2027)
Chapter 16 Conclusions
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