Global Thrombin Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Bovine Thrombin, Human Thrombin and Recombinant Thrombin.

By Dosage Form;

Powder Forms, Solution Forms and Others.

By End User;

Hospital, Diagnostics Centers & Clinics and Academics & Research Institutes.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn123236247 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Thrombin Market (USD Million), 2021 - 2031

In the year 2024, the Global Thrombin Market was valued at USD 662.22 million. The size of this market is expected to increase to USD 886.94 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global thrombin market is experiencing robust growth due to several key factors. A significant driver is the increasing prevalence of surgical procedures worldwide. As surgeries become more common, the demand for thrombin, a crucial enzyme for blood clotting, has surged. Thrombin's extensive applications in surgeries, wound healing, and hemostasis management make it indispensable in modern healthcare. Additionally, the rising incidence of trauma cases and the growing aging population, who often require surgical interventions, further propel the market.

Favorable reimbursement policies also play a crucial role in market expansion, making thrombin products more accessible to a broader range of patients. Moreover, emerging economies are becoming significant markets for thrombin products, driven by improvements in healthcare infrastructure and increasing healthcare expenditure. Enhanced product portfolios offered by key players, featuring advanced and diverse thrombin-based products, are also contributing to market growth.

However, the market faces challenges such as stringent regulatory approvals that can delay product launches and increase costs. High production costs and competition from alternative hemostatic products further constrain market growth. Despite these challenges, significant opportunities exist. Advancements in biotechnology are leading to the development of more effective and safer thrombin products. Increasing investments in research and development (R&D) and strategic collaborations among industry players are fostering innovation and expanding the market's potential.

Additionally, the focus on product innovation and the adoption of personalized medicine are set to transform the market. Personalized medicine, which tailors treatment to individual patient needs, is gaining traction and is expected to drive demand for specialized thrombin products. Overall, the global thrombin market is poised for substantial growth, driven by technological advancements, strategic collaborations, and the continuous evolution of healthcare practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Dosage Form
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Global Thrombin Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Surgical Procedures
        2. Rising Demand Worldwide
        3. Technological Advancements
        4. Increasing Healthcare Expenditure
        5. Surge in Trauma Cases
      2. Restraints
        1. Stringent Regulatory Approvals
        2. High Cost of Production
        3. Risk of Blood-Borne Infections
        4. Limited Awareness
        5. Competition from Alternatives
      3. Opportunities
        1. Advancements in Biotechnology
        2. Strategic Collaborations and Partnerships
        3. Increasing R&D Investments
        4. Market Expansion in Developing Regions
        5. Focus on Emerging Applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Thrombin Market, By Product, 2021 - 2031 (USD Million)
      1. Bovine Thrombin
      2. Human Thrombin
      3. Recombinant Thrombin
    2. Global Thrombin Market, By Dosage Form, 2021 - 2031 (USD Million)
      1. Powder Forms
      2. Solution Forms
      3. Others
    3. Global Thrombin Market, By End User, 2021 - 2031 (USD Million)
      1. Hospital
      2. Diagnostics Centers & Clinics
      3. Academics & Research Institutes
    4. Global Thrombin Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Takeda
      2. Bayer
      3. CSL
      4. Grifols
      5. GE Healthcare
      6. Hualan Biological
      7. Haematologic Technologies Inc.
      8. Pfizer
      9. Octapharma
      10. Omrix Biopharmaceuticals Ltd.
  7. Analyst Views
  8. Future Outlook of the Market