The Europe prothrombin complex concentrate market size is projected to reach USD 398.9 million by 2027, exhibiting a CAGR of 10.9% during the forecast period. The substantial advantages offered by prothrombin complex concentrate (PCC) will be the primary driving force behind this market’s growth, forecasts Fortune Business Insights™ in its report, titled “Europe Prothrombin Complex Concentrate Market Size, Share & Covid-19 Impact Analysis, By Product (4-factor PCC and 3-factor PCC), By Application (Acquired Coagulation Deficiency and Congenital Coagulation Deficiency and By End User (Hospitals & Ambulatory Surgical Centers, Specialty Clinics, and Others), 2020-2027”.
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PCC (factor IX complex) is a medication comprising blood clotting factors II, IX, and X, indicated for treating bleeding in patients with hemophilia B. This line of treatment offers a host of benefits, especially when compared to Fresh Frozen Plasma (FFP), a leading anticoagulation-reversal therapy.
Increasing Geriatric Populations across Europe to Create Market Opportunities
An emerging factor driving the Europe prothrombin complex concentrate market growth is the rapidly aging populations across the continent. According to the latest data released by the UN’s Population Division, nearly 25% of Europe’s people are aged 60 years and above. Moreover, the European Commission (EC) predicts that the proportion of people above the age of 80 in the EU-27 will increase from 5.8% to 14.6% between 2019 and 2100. Older persons are at a heightened risk of acute liver injury and also face increased susceptibility to the fibrotic response. Prothrombin complex concentrate has proven to be highly effective in treating patients with liver disease as they frequently develop coagulopathy.
A study conducted in 2019 by researchers from the Royal Free Hospital, London and University College London found that PCC therapy was effective in improving coagulation test results in patients with liver disease, without any excess thrombotic events. Such research studies proving the efficacy of PCC treatments, complemented by a rising number of older persons, will bolster the prospects of this market in Europe.
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Germany to Spearhead the Europe PCC Market; the UK to Display Promising Growth
Germany is anticipated to headline the Europe prothrombin complex concentrate market share during the forecast period owing to a large pool of patients suffering from congenital factor IX deficiency. In 2019, the country’s market size stood at USD 46.0 million. In the UK, on the other hand, the rising incidence of hemophilia B will be the principal growth driver for the country’s market. Further, the market in Scandinavia will be propelled by the strong presence and operations of CSL Behring in the region and the wide popularity of its prothrombin complex concentrate brand, Confidex.
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List of Key Companies Profiled in the Europe Prothrombin Complex Concentrate Market Report:
Takeda Pharmaceutical Company Limited (Tokyo, Japan)
Kedrion S.p.A (Lucca, Italy)
Grifols, S.A. (Barcelona, Spain)
Sanquin (Amsterdam, The Netherlands)
Octapharma AG (Lachen, Switzerland)
CSL Limited (Melbourne, Australia)
New Product Introductions to Charge up Market Competition
The competitive dynamics of the Europe prothrombin complex concentrate market are dictated by the presence of a limited number of key players, mainly pharmaceutical giants in Europe. These companies are concentrating on releasing new PCC products to capture the growing regional demand for efficient solutions to manage bleeding disorders.
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Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Epidemiology of Coagulation Factor Deficiency – For Key Countries
Recent Industry Developments – Partnerships, Mergers & Acquisitions
Regulatory Scenario – For Key Countries
Analysis in Relation to Alternatives to PCC
PCC Market: Reimbursement Scenario & Key Industry Trends
Impact of COVID-19 on Europe PCC Market
Europe Prothrombin Complex Concentrate Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product - By Value (US$, Mn)
3-factor PCC
4-factor PCC
Market Analysis, Insights and Forecast – By Application-By Value (US$, Mn)
Acquired Coagulation Factor Deficiency
Congenital Coagulation Factor Deficiency
Market Analysis, Insights and Forecast – By End User - By Value (US$, Mn)
Hospitals
Ambulatory Surgical Centers
Others
Market Analysis, Insights and Forecast – By Country/Sub-region
U.K.
Germany
France
Italy
Spain
Scandinavia
Rest of Europe
U.K. Prothrombin Complex Concentrate Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast – By Product - By Value (US$, Mn)
3-factor PCC
4-factor PCC
Market Analysis, Insights and Forecast – By Application-By Value (US$, Mn)
Acquired Coagulation Factor Deficiency
Congenital Coagulation Factor Deficiency
Market Analysis, Insights and Forecast – By End User - By Value (US$, Mn)
Hospitals
Ambulatory Surgical Centers
Others
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