Tissue Plasminogen Activator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Tissue Plasminogen Activator Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : March, 2020 | Biotechnology | PPT format

Report Digest


Global Tissue Plasminogen Activator Market: Overview 

Advances in recombinant technology have enabled researchers to utilize the thrombolytic activity of tissue plasminogen activator (tPA) in synthetic products. The tissue plasminogen activator market has thus witnessed a growing array of recombinant tissue plasminogen activators with useful pharmacokinetic and pharmacodynamic properties. Key products comprise alteplase, reteplase, and tenecteplase. Numerous regulatory agencies, particularly, the U.S. FDA has highlighted the therapeutic potential of these in a range of diseases, notably including ischemic stroke, myocardial infarction, and thrombolysis. Relentless focus on improving the half-life of some of these recombinant tPAs is propelling advances in the tPA market over the past few years. 

Tissue plasminogen activators are usually administered through regional intra-arterial routes or intravenously. Recent body of clinical studies have shown that tPAs can be a risk marker for cardiovascular disease. Growing in vivo studies on fibrinolytic system is also boosting the market. tPA products have in recent years grown in popularity for the treatment of acute ischemic stroke (AIS). Several studies on reversing tPA toxicity are expected to boost the tissue plasminogen activator market.

Global Tissue Plasminogen Activator Market: Growth Dynamics 

A substantial proportion of the worldwide populations suffer from stroke at some point in their lives. The numbers of people who die due to strokes are also bewildering, especially in developed countries such as the U.S. In addition, the growing prevalence of cardiovascular diseases around the world has been putting large pressure on the quality of patient care. All these factors have catalyzed the demands in the tPA market. However, several contraindications need to be taken in consideration while using tPA in therapies. Adverse reactions commonly include cardiogenic shock, hypotension, muscle pain, allergic reaction, and intracranial hemorrhage. 

Nevertheless, the vast clinical prospect of recombinant tPAs has put pressure on healthcare teams world over to circumvent these concerns. To this end, the healthcare team comprising nurses, pharmacists, and physicians along with the research fraternity, have been making concerted efforts. Meanwhile, continuous and rapid advances in discovering novel thrombolytic therapies are expected to impart momentum to the future stride in the market. The utilization of tPA in early reperfusion therapy as a life-saving therapy will likely expand the potential of the tissue plasminogen activator market.

Global Tissue Plasminogen Activator Market: Notable Developments

Over the past few years, the health care industry has witnessed rapid advances in evaluating various treatment modalities for ischemic strokes and consequently increasing the survival rates in patients. This has opened new windows of opportunities in the tissue plasminogen activator market. Several of these advances have been fueled by growing expertise and knowledge of emergency medical services (EMS) providers. Numerous comprehensive stroke centers are expected to benefit from such knowledge. A recent study by a team of researchers at the U.S. aimed to assess the preparedness of EMS in managing stroke patients in prehospital care settings. Such focus will help expand the clinical prospects of the application of tPA, opening new avenues in the tissue plasminogen activator market.

Some of the key biotech companies aiming for higher stakes in the tissue plasminogen activator market are

  • Bayer AG
  • Merck & Company
  • Cadila Healthcare Ltd.
  • Sigma-Aldrich
  • Genentech
  • Roche

Global Tissue Plasminogen Activator Market: Regional Assessment

On the regional front, North America has been showing considerable prospects in the tissue plasminogen activator market. A large degree of the growth is propelled by recent advances in health care industry toward the management of patients with strokes and numerous cardiovascular diseases. Extensive research over the recent years in improving the biological activity and efficacy of tPA has also expanded the potential of the regional market.

Meanwhile, among other key markets, Asia Pacific is worth mentioning. Their contribution to the global market is likely to grow substantially in the not-so-distant future.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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