About Blood Coagulants
Blood Coagulants helps in converting blood into a gel or a clot formation. The utmost importance of these coagulants is driven by factors namely increased bleeding disorders, in research activities, and an increase in the healthcare project grants provided by public and private organizations, among others. In addition to that the cumulating awareness that is created by various organizations, as well as government so that it can help to increase the growth of the market. According to the World Federation of Hemophilia (WFH), they launched a Development Grant Program (DGP) in 2018 so that they can encourage innovative ideas and projects in order to support the inherited bleeding disorders community globally. Hence enhancing the market for blood coagulants, due to its importance for survivors of humankind.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global blood coagulant market is dominated by many market players. The key players in the market are very much concentrated with new product launches and strategic collaborations so that they can strengthen their market position. For instance, in May 2016, CSL Behring announced the United States FDA approval of AFSTYLA, a recombinant factor VIII single-chain therapy for Hemophilia A. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Blood Coagulants market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Sanofi (France), Abbott Laboratories (United States), Bayer AG (Germany), Pfizer Inc. (United States), Novo Nordisk AS (Denmark), Octapharma (Switzerland), SOBI (Sweden), Shire (Republic of Ireland) and CSL Limited (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BPL (United Kingdom) and Kedrion (Italy).
Segmentation Overview
AMA Research has segmented the market of Global Blood Coagulants market by Type (Aprotinin, Tranexamic Acid (TXA), Epsilon-Aminocaproic acid, Aminomethylbenzoic acid and Other), Application (Hemophilia, Surgery (Post-Operative Care), Menstruation (Bleeding Disorders) and Others) and Region.
On the basis of geography, the market of Blood Coagulants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, New Zealand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Sweden, Finland, Ireland, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Coagulation Factor, the sub-segment i.e. Recombinant Coagulation Factor will boost the Blood Coagulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Hospitals will boost the Blood Coagulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Clot Pathway Factors, the sub-segment i.e. X Factor will boost the Blood Coagulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Coagulation Tests, the sub-segment i.e. Complete blood count (CBC) will boost the Blood Coagulants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in Technology at Plasma Collection Centers to Collect Plasma and Record Patient History
Market Growth Drivers:
Increasing Prevalence of Cardiovascular Diseases, Blood-Related Diseases and The Rising number of Accidental Injuries
Challenges:
Stringent Regulatory Policies and Shortage in Plasma Supply
Restraints:
The lack of awareness regarding blood clotting and its importance coupled with the high cost of diagnostic tests in some developing economies. In addition to that, the rising counterfeit drugs are restraining the market. According to the National Hemophilia Foundation, it is seen that 75% of hemophilic people worldwide receive inadequate treatment or have no access to this treatment, hence making a challenge in this market.
Opportunities:
Increasing Demand for Life Saving Drugs Due To Increasing Population, Rising Geriatric Population Worldwide and Growing Healthcare Infrastructure in Developing Countries
Market Leaders and their expansionary development strategies
In December 2023, Stago, a leading French diagnostics company, acquired Hemosphere, a U.S. provider of point-of-care hemostasis testing solutions. This move strengthens Stago's position in the global hemostasis testing market and expands its product offerings.
On October 26, 2023, Roche and Sangamo Therapeutics entered into a strategic partnership to develop gene editing therapies for various diseases, including hemophilia B. This collaboration combines Roche's commercialization expertise with Sangamo's innovative gene editing technology.
According to Food and Drugs, The Center for Biologics Evaluation and Research (CBER) regulates the collection of blood and blood components used for transfusion or for the manufacture of pharmaceuticals derived from blood and blood components, such as clotting factors, and establishes standards for the products themselves. CBER also regulates related products such as cell separation devices, blood collection containers and HIV screening tests that are used to prepare blood products or to ensure the safety of the blood supply. CBER develops and enforces quality standards, inspects blood establishments and monitors reports of errors, accidents and adverse clinical events.
Key Target Audience
Potential Investors, Government Bodies and Associations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.