Reports and Data's latest analysis reveals that the global Fibrinogen Concentrate Market size is projected to attain a steady revenue CAGR of 6.1% and reach USD 4.81 Billion by 2030. The driving factors behind this growth include an increased use of fibrinogen concentrates in patients for treating bleeding and Congenital Fibrinogen Deficiencies (CFD), along with an increase in approvals related to fibrinogen concentrate. Congenital afibrinogenaemia and hypofibrinogenaemia are uncommon hereditary illnesses that can lead to severe bleeding episodes, which can be treated by therapeutic substitution with human fibrinogen concentrate. Octafibrin, a highly purified, albumin-free concentration of human plasma fibrinogen, is an example of this substitution that is double virus-inactivated to ensure safety.
The use of fibrinogen concentrate has evolved over the years, with individualized fibrinogen supplementation now used to prevent bleeding during surgery and treat spontaneous or traumatic bleeding events in individuals with CFD. Compared to Fresh Frozen Plasma (FFP) or cryoprecipitate, FCH offers a standardized dose of human plasma-derived fibrinogen that can be provided in a small volume, reducing the risk of volume overload and transfusion-related acute lung injury.
One recent trend in the market is the increasing use of fibrinogen concentrate to treat Acquired Fibrinogen Deficiency (AFD). Octapharma's clinical development program aims to demonstrate that their high-purity human fibrinogen concentrate is a more reliable alternative to cryoprecipitate for AFD, which is typically treated with cryoprecipitate since no other options are available. After a careful clinical trial execution by a team of Octapharma over eight years, their high-purity human fibrinogen concentrate has now received approval for the treatment of AFD in 15 EU countries.
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Notable Innovations in Fibrinogen Concentrate Market:
These innovations have helped to improve the safety, effectiveness, and convenience of fibrinogen concentrate products, and are likely to continue to drive growth in the market.
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