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What CAGR Will the Corifact Market Achieve During 2025–2034, and What Does It Indicate?

In recent times, the corifact market has seen a (CAGR) of XX. The market is anticipated to expand from a size of $XX million in 2024, climbing to $XX million in 2025 at a Compound Annual Growth Rate (CAGR) of XX%. This growth in past years is the result of increased usage of factor XIII concentrates, heightened awareness, greater automation, the need for enhanced care delivery, and the implementation of the latest plasma fractionation technologies.

The corifact market is projected to experience an XX (CAGR) surge in the coming years, ballooning to $XX million by 2029 with a compound annual growth rate (CAGR) of XX%. This growth in the forecast period is attributable to factors such as rising prevalence of bleeding disorders, heightened awareness and early diagnosis, an increase in surgical procedures performed, an expanding reliant client base, and increased half-life of factor VIII. Significant trends in the forecast period include technological innovations, improvements in healthcare infrastructure, inventive methods for developing recombinant therapies, progress in biotechnology, and Corifact’s FDA approval.

What Drivers Are Shaping the Growth of the Corifact Market?

The escalating frequency of bleeding disorders is projected to push the growth of the corifact market. Conditions impairing the blood’s coagulation mechanism, leading to significant or prolonged bleeding, are known as bleeding disorders. The surge in these disorders can be owed to several factors such as better diagnostic techniques, enhanced awareness, progress in genetic testing, lifestyle alterations, and the widespread presence of core conditions. Corifact offers treatment for bleeding disorders stemming from factor XIII deficiencies by supplanting the lacking clotting element. In turn, it aids in constructing stable blood clots and minimizes excessive bleeding. For example, the World Federation of Hemophilia Report published a report in October 2023 stating that in 2022, approximately 427,685 people globally were identified with bleeding disorders. These figures included 257,146 hemophilia diagnoses (208,957 hemophilia A, 42,203 hemophilia B, and 5,986 cases unspecified), 100,505 cases of von Willebrand disease, and 70,034 instances of other bleeding disorders. Consequently, the escalating frequency of bleeding disorders contributes to the expansion of the corifact market.

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Who Are the Key Firms Paving the Way for Growth in the Corifact Market?

Major companies operating in the corifact market include CSL Behring

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What Are the Major Segments of the Corifact Market and Their Role in Driving Growth?

The corifact market covered in this report is segmented –

1) By Product: Human-Derived Factor XIII, Recombinant Factor XII

2) By Therapeutic Applications: Routine Prophylactic Treatment, Peri-Operative Management

3) By Distribution Channels: Hospital Pharmacies, Specialty Pharmacies, Outpatient Clinics

Which Regions Are Essential for the Growth of the Corifact Market?

North America was the largest region in the corifact market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corifact market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Is the Scope and Reach of the Corifact Market Defined?

Corifact refers to a fibrinogen concentrate used in medical treatments to manage bleeding, particularly in patients with fibrinogen deficiency or low fibrinogen levels, which can occur in conditions such as trauma, surgery, or liver disease. Corifact helps to promote blood clotting by providing fibrinogen, a protein essential for the formation of blood clots.

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