Eptacog Alfa (rFVIIa) Market Size, Share, Growth, and Industry Analysis, By Type (Freeze-Dried Preparation, Freeze-Dried Powder), By Application (Hemophilia, Acquired Hemophilia, Factor VII Deficiency, Glanzmann Thrombasthenia (GT)), and Regional Forecast To 2031

Updated On: 22 April 2024

Eptacog Alfa (rFVIIa) Market Report Overview

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The global eptacog alfa (rFVIIa) market size was USD 1190 million in 2021 & the market is expected to generate USD 1893 million by 2031 with a CAGR of 4.6% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with the eptacog alfa (rFVIIa) market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Recombinant activation factor VII (rFVIIa) known as eptacog alfa (active) is used to treat and prevent bleeding episodes in people with congenital hemophilia including inhibitors. The application of an automatic bolus infusion pump is a viable substitute for human administration when frequent dose requirements exist.

COVID-19 Impact: National Lockdown to Deplete Market Growth

The introduction of COVID-19 caused several healthcare disruptions to the eptacog alfa (rFVIIa) market. Curfews, transportation restrictions, and stay-at-home mandates prohibited some patients from making appointments, while less critical services were delayed or cancelled. Others avoided medical facilities out of concern that they would catch an infection as the main focus was on the respiratory disease.

Latest Trends

"Hemophiliacs Disorder to Intensify Market Magnification "

Most experts agree that the drug is safe and helpful for hemophiliacs who also take inhibitors. A growing body of evidence suggests that the agent is also useful in treating a number of bleeding disorders in nonhemophilic patients, according to anecdotal reports and finished or continuing clinical investigations. Due to this, some people now refer to hemostatic agents as "universal" or "generic." The drug, however, has been demonstrated to be life-saving in some individuals who are experiencing hemorrhages that are life-threatening. 

Due to the key players' considerable research and technological advancements, the healthcare agent is now more widely used across a number of healthcare institutions, which has contributed to the eptacog alfa (rFVIIa) market global expansion.

Eptacog Alfa (rFVIIa) Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into freeze-dried preparation, freeze-dried powder

Freeze-dried preparation is the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into hemophilia, acquired hemophilia, factor VII deficiency, glanzmann thrombasthenia (GT)

Hemophilia is the leading part of the application segment

Driving Factors

"Utilization in Abdomen Injuries to Boost Market Share "

Eptacog alfa (rFVIIa) can be utilized if a patient whose abdomen has been injured and is suffering from excessive bleeding.  In order to stop the bleeding, the patient must go through a major abdominal surgery and needs several red blood cell, plasma, fresh frozen plasma, and platelet transfusions.   The patient must receive the drug to control the bleeding, which leads to a dramatic reduction in the bleeding. Therefore, to control excessive blood loss in a person the doctors more often utilize the drug to prevent excessive blood loss and to save the life of the patient. Hence, the eptacog alfa (rFVIIa) market share is boosting on a daily basis.

"Implementation in Heart Surgeries to Expand Market Forwarding  "

Furthermore, the eptacog alfa (rFVIIa) is useful in reducing excessive bleeding in patients after heart surgery. The drug is utilized for children or individuals with a massive amount of bloodloss. With the use of eptacog alfa (rFVIIa) the patient’s body stops bleeding, making it much easier for the surgeons or doctors to perform their further procedures. Blood loss is decreased in the patient’s body and the surgical area of the body is comparatively bloodless. Eptacog alfa (rFVIIa) is often employed by the surgeons or doctors while doing operations as a preventative measure.  The material employment by the surgeons often raises its demand and this proves to be beneficial for the eptacog alfa (rFVIIa) market growth.

Restraining Factors

"Adverse Medication Effect to Deplete Market Advancement "

While the drug has proven to be beneficial and is more often used by surgeons while performing a surgery or an operation but the drug still has some associated disadvantage. One of the primary factors to deplete the growth of the market is the reduced therapeutic response. Sometimes there are cases in which the drug does not respond in the expected manner which might lead to mishappening. Moreover, pyrexia, rash, thromboembolic events, pruritus, and urticaria are the most consistently cited adverse medication responses of the drug which can further limit its usage.

Eptacog Alfa (rFVIIa) Market Regional Insights

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"Growing Awareness of Rare Bleeding Disorder to Uplift Market Growth in North America "

In terms of revenue North America now dominates the world eptacog alfa (rFVIIa) market and is predicted to expand between 2022 and 2030. Due to the rapid uptake of innovative therapies and growing awareness of rare bleeding disorders, the market is expected to grow in North America over the next years. Hemophiliacs are estimated to affect 1 in 300,000 people in North America, and by the conclusion of 2026, it is expected that growing awareness will drive up demand for treatments. The market expansion is predicted to be driven by the area, changing healthcare infrastructure, rising disposable incomes, and rising awareness of bleeding disorders. 

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Novo Nordisk (Denmark)
• LFB SA (France)
• GENERIUM (Russia)
• Northland-bio (China)
• CSL (Australia)
• Shire (Takeda) (Ireland)
• Bayer (Germany)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.