Critical Care Therapeutics Market by Drug Class and Geography - Forecast and Analysis 2021-2025

The critical care therapeutics market share is expected to increase by USD 888.68 million from 2020 to 2025, at a CAGR of 5%.

This critical care therapeutics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers critical care therapeutics market segmentation by drug class (albumin, antithrombin, prothrombin complex, factor xIII, and fibrinogen) and geography (North America, Europe, Asia, and ROW). The critical care therapeutics market report also offers information on several market vendors, including Baxter International Inc., Bristol-Myers Squibb Co., CSL Ltd., Grifols SA, Kedrion Spa, LFB SA, Novartis AG, Octapharma AG, Pfizer Inc., and Takeda Pharmaceutical Co. Ltd. among others.

What will the Critical Care Therapeutics Market Size be During the Forecast Period?

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Critical Care Therapeutics Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The high demand for albumin in China is notably driving the critical care therapeutics market growth, although factors such as existence of plasma fractionation supply and demand gap may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the critical care therapeutics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Critical Care Therapeutics Market Driver

The high demand for albumin in China will fuel the growth of the critical care therapeutics market size. China is the largest market for albumin products, followed by the US market. Albumin is being used as a volume replacement therapy apart from being used for kidney diseases, cirrhosis, and cancer. The demand for plasma products, especially albumin and immunoglobulins, is outstripping the supply. This is because of the stringent regulations imposed on the supply of raw materials and a ban on the import of plasma products. The vast difference in demand and supply is enabling the top players to enhance the prices of the products, and thus increase the revenues and contribute to the growth of the market. 

Key Critical Care Therapeutics Market Trend

The increasing surgical procedures will also contribute to the critical care therapeutics market growth. The increasing surgical procedures such as hip and knee replacements will increase the risk of DVT, driving the market growth. Surgeries often result in long periods of immobility, increasing the chances of developing DVT due to reduced blood flow. Individuals undergoing knee replacement and hip replacement surgeries have an increased likelihood of developing DVT. It is also observed that cases of joint replacements and cardiovascular procedures are more commonly observed among the elderly population. The increasing number of surgical procedures will drive the chances of developing thromboembolic events post surgeries, requiring treatment using anticoagulants. 

This critical care therapeutics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Critical Care Therapeutics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Baxter International Inc.
• Bristol-Myers Squibb Co.
• CSL Ltd.
• Grifols SA
• Kedrion Spa
• LFB SA
• Novartis AG
• Octapharma AG
• Pfizer Inc.
• Takeda Pharmaceutical Co. Ltd.

This statistical study of the critical care therapeutics market encompasses successful business strategies deployed by the key vendors. The critical care therapeutics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The critical care therapeutics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Critical Care Therapeutics Market?