About Human Fibrinogen
Fibrinogen is a glycoprotein complex in the blood involved in the blood clotting process. During a tissue or vascular injury, the fibrinogen is converted into fibrin with the help of enzymes such as thrombin which leads to blood clotting in order to prevent blood loss. The fibrin stops bleeding by closing up the blood vessels. Fibrinogen is a plasma glycoprotein with a molecular weight of 340 kDa; it is synthesized by the liver. The conversion of fibrinogen to fibrin is catalyzed by thrombin and plays a key role in clot formation and stabilization. In addition, fibrinogen induces platelet activation and aggregation by binding to the platelet fibrinogen receptor glycoprotein Check more insightful analysis on "
Fibrinogen Concentrates Market Share & Industry Growth Analysis".
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.5% |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Human Fibrinogen 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.
CSL Behring(United States), Green Cross Corp. (South Korea), Octapharma AG (Switzerland), LFB S.A (France), Shanghai Xinxing Medicine Co Ltd(China), Harbin Pacific Biopharmaceutical Co. Ltd. (China), ProFibrix B.V.( Netherlands), Shanghai Raas Blood Products Co. Ltd(China) and Baxter International Inc.( United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Human Fibrinogen market by and Region.
On the basis of geography, the market of Human Fibrinogen has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fibrinogen Test Results, the sub-segment i.e. Normal Results will boost the Human Fibrinogen 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. Congenital Fibrinogen Deficiency will boost the Human Fibrinogen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fibrinogen Deficiency, the sub-segment i.e. Afibrinogenemia will boost the Human Fibrinogen market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Several launches and approvals of new fibrinogen concentrates are expected to boost growth
Market Growth Drivers:
The factors such as an increase in the use of human fibrinogen in bleeding patients and for the treatment of congenital deficiencies drive, the growth of the global market. Moreover and The rise in awareness and concerns pertaining to health boots the growth of the market
Challenges:
High product development costs
Restraints:
Intellectual property rights regulatory requirement
Opportunities:
The rise in the number of market players are targeting developing fibrinogen concentrates to treat the bleeding incidences in patients with congenital fibrinogenemia
Market Leaders and their expansionary development strategies
In June 2023, Cardinal Health (NYSE: CAH) today announced it has signed a definitive agreement to contribute its Outcomes™ business to Transaction Data Systems (TDS), a portfolio company of BlackRock Long Term Private Capital and GTCR, in exchange for a minority stake in the combined entity. Under the terms of the agreement, Cardinal Health's pharmaceutical segment CEO, Debbie Weitzman, will be appointed to the TDS board of directors.
On Feb. 14, 2024, Grifols one of the world’s leading producers of plasma-derived medicines, today announced that Biotest’s positive topline results from AdFIrst, its phase 3 clinical trial of its fibrinogen concentrate (FC), BT524, advance this potential treatment for acquired fibrinogen deficiency (AFD), an underserved growth market.
“BLA for Fibrinogen (Human) effective this date. You are hereby authorized to introduce or deliver for introduction into interstate commerce, Fibrinogen (Human) under your existing Department of Health and Human Services U.S. License No. 1646. Fibrinogen (Human) is indicated for the treatment of acute bleeding episodes in adults and adolescents ≥ 12 years of age with congenital fibrinogen deficiency, including afibrinogenemia and hypofibrinogenemia.”
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Human Fibrinogen Manufacturer, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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.