The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 9%
The market for prothrombin complex concentrate (PCC) has seen substantial growth due to factors such as rising demand for flavor enhancer, gluten free diet, MSG and paper industry. Also, increased knowledge across different industries offers an enormous market opportunity for key players in the prothrombin complex concentrate (PCC) market. Due to its clinical value against fresh frozen plasma (FPP)., PCC is expected to have a substantial increase. When compared to FFP, PCC requires less volume and infusion time and is more efficient. Blood matching and thawing like FFP are also not necessary for PCC. It is also anticipated that the widespread use of Vitamin K antagonists such as warfarin would drive robust PCC industry development. Adult patients undergoing vitamin K antagonist therapy may have developed coagulation factor deficiency, according to the FDA. The urgent reversal for such can be achieved with the indication of PCC, Kcentra, in case of acute bleeding. It is expected that hemophilic patients will rise in number over the coming years. Their therapy requires PCC, which will raise demand further.
Industry Definition and Major Segments
Prothrombin complex concentrate (PCC) is derived from human plasma and used as a drug containing blood clotting. It is used to avoid bleeding in the treatment of hemophilia. When acute bleeding occurs, vitamin K antagonist therapy also accompanies the use of PCC. This is listed in the list of essential medicines needed in the health system of the World Health Organisation as one of the safest and most effective medicines.
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Based on the product, the industry is divided into:
- 3-Factor PCC
- 4-Factor PCC
Based on the application, the industry is divided into:
- Acquired Coagulation Factor Deficiency
- Congenital Coagulation Factor Deficiency
Based on the end use, the industry is divided into:
- Ambulatory Surgical Centres
The regional markets for prothrombin complex concentrate (PCC) include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Geographically, due to its therapeutic benefit over fresh frozen plasma, North America and Europe will be among the leading regions for prothrombin complex concentrates (PCC). There was an increase in the market for the PCC with the advent of Covid-19. It is because of the noticeable success of plasma-based therapies in the patients. With the implementation of Kcentra, which was approved by the United States Food and Drug Administration (FDA)., the Asia Pacific region is also expected to grow rapidly. With increased spending on healthcare and improved distribution systems, the market is also expected to expand in Latin America, the Middle East and Africa. The new government initiatives have also acted in favor of the PCC with the relaxation of its approval of use. The use of the PCC for bleeding control has also been encouraged by government funding. In plasma-related therapies, COVID-19 has seen an improvement, which has increased PCC demand rapidly. Key players have set up plasma collection centers to store the demand for blood in the PCC.
Key Market Players
The major players in the market are CSL Behring GmbH, Octapharma AG, Kedrion S.p.A, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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