Market Dynamics and Financial Trajectory for ATRYN
Introduction to ATRYN
ATryn, developed by rEVO Biologics, is a recombinant antithrombin III (ATIII) used for the treatment of hereditary antithrombin deficiency. This condition can lead to an increased risk of thrombosis and bleeding, particularly during surgical procedures or in cases of severe burns, nephrotic syndrome, and liver failure[1][4].
Market Size and Growth
The global antithrombin market was valued at USD 490.4 million in 2018 and is projected to reach USD 1,028.7 million by the end of 2032, exhibiting a CAGR of 5.5% during the forecast period (2018-2032)[1]. This growth is driven by the increasing prevalence of antithrombin deficiency and the rising incidence of bleeding during surgical procedures.
Regional Analysis
Asia Pacific is expected to emerge as the fastest-growing region in the antithrombin market, accounting for USD 179.7 million in 2018. The region's growth is attributed to the growing prevalence of congenital antithrombin III deficiency and increasing demand for reducing surgical mortality rates[1].
Competitive Landscape
The antithrombin market is dominated by key players such as Shire, CSL Behring, and Grifols. These companies have significant market shares due to their robust product portfolios and strong market presence[1].
Product Segmentation
The market is segmented based on the source of antithrombin:
- Human Antithrombin: This segment is expected to dominate the market due to its proven clinical efficacy.
- Goat Milk Antithrombin: This segment is likely to be the fastest-growing segment during the forecast period, driven by its clinical efficacy[1].
Therapeutic Applications
The therapeutics application segment accounted for a market share of 95.7% in 2018. Antithrombin is extensively used in surgical procedures to prevent blood clotting, making it a crucial component in anticoagulation therapy[1].
Regulatory Environment
The introduction of new antithrombin products with different indications is expected to fuel market growth. However, increasing regulations on animal testing have impeded the development of new drugs, thereby restraining market growth[4].
Financial Performance of rEVO Biologics
While specific financial data for rEVO Biologics is not provided in the sources, the overall market dynamics indicate a positive trajectory for antithrombin products. The introduction of new therapies like Fitusiran (ALN-AT3) and ATryn Antithrombin (Recombinant) suggests a strong pipeline of biologic drugs, which is expected to drive market expansion[4].
Key Takeaways
- Market Size: The global antithrombin market is projected to reach USD 1,028.7 million by 2032.
- Growth Drivers: Increasing prevalence of antithrombin deficiency and rising incidence of bleeding during surgical procedures.
- Regional Growth: Asia Pacific is expected to be the fastest-growing region.
- Competitive Landscape: Shire, CSL Behring, and Grifols dominate the market.
- Product Segmentation: Human antithrombin is expected to dominate, while goat milk antithrombin is the fastest-growing segment.
FAQs
-
What is the current market size of the antithrombin market?
- The global antithrombin market was valued at USD 490.4 million in 2018[1].
-
What is driving the growth of the antithrombin market?
- The growth is driven by the increasing prevalence of antithrombin deficiency and the rising incidence of bleeding during surgical procedures[1].
-
Which region is expected to be the fastest-growing in the antithrombin market?
- Asia Pacific is expected to emerge as the fastest-growing region[1].
-
Who are the key players in the antithrombin market?
- Shire, CSL Behring, and Grifols are among the key players in the antithrombin market[1].
-
What are the different types of antithrombin products available in the market?
- The market is segmented based on the source of antithrombin: human antithrombin and goat milk antithrombin[1].
References
- Fortune Business Insights - Antithrombin Market Size, Share, Trends & Growth | Global Report.
- Stock Titan - Atrion Reports Fourth Quarter And Full Year 2023 Results.
- Biospace - Biologics Market Size to Reach USD 699.5 Billion by 2032, Impelled by Emergence of Advanced Drug Delivery Systems.
- Coherent Market Insights - Antithrombin Market - Share, Size and Industry Analysis.