Prothrombin Complex Concentrates Market Boosted at 9.1% CAGR by 2025 due to Increasing Government Funding | Fortune Business Insights

The Global Prothrombin Complex Concentrates Market is likely to gain traction due to the significant drop in demand for its counterpart fresh frozen plasma (FFP). PCC is available easily due to its lack of blood group specificity.

Pune, India - May 15, 2019 /MarketersMedia/ —

The Global Prothrombin Complex Concentrates Market is likely to gain traction due to the significant drop in demand for its counterpart fresh frozen plasma (FFP). Fortune Business Insights has published a report, titled ‘Prothrombin Complex Concentrate Market Size, Share and Global Trend by Product Type (3-factor PCC, 4-factor PCC), Application (Congenital and Acquired Coagulation Factor deficiency), End User (Hospitals, Ambulatory Surgical Centers) and Geography Forecast till 2025. In this report, Fortune Business Insights has predicted that this market, which was valued at US$536.3 Mn in 2017, reach US$ 1,076.5 Mn and in doing so, it will exhibit a CAGR of exhibiting a CAGR of 9.1%.

Clinical studies have proven that fresh frozen plasma needed much longer infusion time, as compared to prothrombin complex concentrate (PCC). Besides infusion time, PCC possess some other advantages over FFP. Some notable properties that have led to PCC’s increasing adoption are its ability to reconstitute in a short span. Furthermore, PCC is available easily due to its lack of blood group specificity. In addition to the aforementioned factors, a better safety profile of PCC has influenced users to prefer them over fresh frozen plasma.

Request Sample Copy at https://www.fortunebusinessinsights.com/enquiry/sample/prothrombin-complex-concentrate-market-100102

Leading Companies Are Focusing On Setting Up Plasma Collection Centres

As companies are realizing the clinical advantages of PCC over fresh frozen plasma, they are now focusing on research and development of PCC. It is seen that there is an emphasis on stocking up plasma from blood that is required in PCC. To ensure that these needs are sufficed, leading companies such as Grifols SA and Octapharma are putting in increased efforts towards setting up plasma collection centres across several countries around the world.

Kcentra Has Changed the Face of PCC, Globally

Ever since Kcentra was approved by the FDA, it has been adopted by many healthcare professionals worldwide. Kcentra has proven efficient in restoring blood coagulation, as it is packed with certain factors that help replenish various clotting factors. Kcentra played a major role in treatments for patients who are undergoing warfarin therapy. Warfarin may lead to sever and acute blood loss and to minimize such losses and restoring coagulation factors, Kcentra has been proved beneficial. Therefore, the use of PCC in warfarin induced bleeding is leading to increased adoption which in turn has boosted the global market.

Browse Complete Report Details at https://www.fortunebusinessinsights.com/industry-reports/prothrombin-complex-concentrate-market-100102

Increasing Government Initiatives and Funding to Boost the Global Market

Recent updates in policies regarding usage approval have bode well for prothrombin complex concentrates. There has been a relaxation in usage of PCC in treating bleeding disorders, globally. This has encouraged research analysts and related personnel to conduct more clinical trials and propose newer usage concepts to the regulatory authorities. Moreover, increasing government funding promoting the use of PCC in surgical procedures is boosting the global market. Proven clinical efficiency of PCC has encouraged governments across the world to promote the use of PCC for treating unwanted bleeding in surgical procedures. Furthermore, few alternatives are available to treat bleeding and the existing alternatives do not come close to the standards set by PCC. This in turn has led to an increase in demand for PCC and subsequently boosted the global PCC market.

1.Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions

2.Executive Summary Market Dynamics

3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities

4.Key Insights
4.1. Prevalence of Coagulation Factor Deficiency – For Key Countries
4.2. Recent Industry Developments – Partnerships, Mergers & Acquisitions
4.3. Regulatory Scenario – For Key Countries
4.4. Analysis in Relation to Alternatives to PCC
4.5. Global PCC Market: Reimbursement Scenario & Key Industry Trends

TOC Continued…!
Get Discount at https://www.fortunebusinessinsights.com/enquiry/check-discount/prothrombin-complex-concentrate-market-100102

About Us:
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Info:
Name: Fortune Business Insights
Organization: Fortune Business Insights
Address: Fortune Business Insights Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India.
Phone: +1 424 253 0390
Website: https://www.fortunebusinessinsights.com

Source URL: https://marketersmedia.com/prothrombin-complex-concentrates-market-boosted-at-91-cagr-by-2025-due-to-increasing-government-funding-fortune-business-insights/513014

Source: MarketersMedia

Release ID: 513014

Latest News

Shard reveals how Cyprus' ancient kingdoms managed economy

Aug 23, 2019

NICOSIA, Cyprus — The discovery of a small clay shard inscribed with a partial inventory of goods at a 2,500-year-old citadel suggests that Cyprus' ancient city states "more than likely" managed their economies using a homegrown system, not an imported one, an archaeologist said Wednesday. University of Cyprus Professor Maria Iacovou told The Associated that the recent discovery at the ancient kingdom of Paphos on Cyprus' southwestern coast refutes the notion that Cypriot city states managed their economies based on systems brought over from foreign kingdoms, like those of neighboring Phoenician city states. The inscription on the shard was in...

Scientists say monster penguin once swam New Zealand oceans

Aug 23, 2019

WELLINGTON, New Zealand — Scientists in New Zealand said Wednesday they've found fossilized bones from an extinct monster penguin that was about the size of an adult human and swam the oceans some 60 million years ago. They said the previously undiscovered species is believed to have stood about 1.6 meters (5 feet 2 inches) tall and weighed up to 80 kilograms (176 pounds). It's believed to have been one of several species of giant penguins that thrived soon after dinosaurs died out. The findings were published this week in "Alcheringa: An Australasian Journal of Palaeontology." Paul Scofield, a co-author...

Gazans struggle to protect antiquities from neglect, looting

Aug 23, 2019

KHAN YOUNIS, Gaza Strip — Walid al-Aqqad's Gaza home would be the envy of many an antiquities collector. Pieces of Corinthian columns greet visitors in the backyard. Inside, hundreds of ancient pots and other artifacts hang on the walls or are arranged helter-skelter on shelves. They are remnants of five millennia of Gaza's history, from the Bronze Age to the Islamic caliphates and on down to the years of Ottoman and British rule in the 20th century. A sliver of land on the Mediterranean, Gaza was a major trade route between Egypt and the Levant going back to ancient times....

T-Mobile's $26.5B Sprint deal OKed despite competition fears

Aug 23, 2019

WASHINGTON — U.S. regulators have approved T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts, in a deal that would leave just three major cellphone companies in the country. Friday's approval from the Justice Department and five state attorneys general comes after Sprint and T-Mobile agreed to conditions that would set up satellite-TV provider Dish as a smaller rival to Verizon, AT&T and the combined T-Mobile-Sprint company. The Justice Department's antitrust chief, Makan Delrahim, said the conditions set up Dish "as a disruptive force in wireless." But attorneys general from other states and public-interest...

US attorney general says encryption creates security risk

Aug 23, 2019

NEW YORK — U.S. Attorney General Bill Barr said Tuesday that increased encryption of data on phones and computers and encrypted messaging apps are putting American security at risk. Barr's comments at a cybersecurity conference mark a continuing effort by the Justice Department to push tech companies to provide law enforcement with access to encrypted devices and applications during investigations. "There have been enough dogmatic pronouncements that lawful access simply cannot be done," Barr said. "It can be, and it must be." The attorney general said law enforcement is increasingly unable to access information on devices, and between devices in...

About Us

Science Thread delivers quality and fascinating science and technology content that matters on a daily basis and makes it go viral.

Contact us: sales@sciencethread.com