U.S. Blood Growth Factors Markets

Frost & Sullivan
September 21, 2004
SKU: MC1052919
License type:
Countries covered: United States

U.S. Blood Growth Factors Markets

 
 

Skepticism in the Medical Community Regarding the Safety of Blood Growth Factors Limits Market Growth

Unfamiliarity of the healthcare community with blood growth factors is proving to be a major hurdle in achieving their full potential. Medical personnel usually possess a sound background in small protein therapy but are not open to the idea of using larger protein molecules for treatment. In addition, government agencies and private organizations frequently publish influential guidelines or recommendations to healthcare providers that are likely to limit the usage of blood growth factors. Ultimately, the success of blood growth factors lies in positioning and highlighting the product attributes and benefits. For instance, while blood transfusion is a time-tested procedure for treating anemia, it is expensive, painful, and increases the risk of contracting fatal diseases. Growth factor therapies, on the other hand, are several times safer and more dependable.

This Frost & Sullivan research analysis evaluates the latest developments in the blood growth factors market. In addition to analyzing the key drivers and challenges, this study also discusses the standard therapies and emerging treatments for the erythropoietin (EPO), colony stimulating factors, interferons, and interleukins market segments.

Innovations and Improvements in Drug Delivery Technologies Augment the Demand for Blood Growth Factors

Blood growth factor developers are leveraging the benefits provided by second-generation products to widen the application scope and market potential of their therapies. "Besides providing greater patent protection for the original drug, second-generation products offer a competitive advantage over current marketed products by utilizing drug delivery technologies to offer value-added treatments," explains the analyst.

A good example is Amgen’s Aranesp, which is a longer-lasting version of the company’s EPO product. Before Aranesp, the only alternative to EPO was a blood transfusion that was not only expensive and painful but also put the patient at the risk of contracting other diseases such as HIV. Aranesp scores over both blood transfusions and regular EPO treatment by changing the dosage schedule from three times to once a week and improving the quality of life for dialysis patients.

Side-Effect Profiles of Blood Growth Factor Therapies Delay FDA Approval

Gaining the approval of the Food and Drug Administration (FDA) can prove to be a daunting task. "However, blood growth factors that could potentially stimulate tumor growth face greater challenges in receiving FDA approval," notes the analyst. Some growth factors such as Epogen, Neupogen, and Cytokine have already received the green signal from the FDA but must carry a label informing patients of their potential dangers. Such labels influence the prescribing behavior of physicians and hence, limit the reach of blood growth factors.

Blood growth factor developers need to improve the side-effect profile of their formulations to accelerate FDA approval and expand market opportunity. However, they must understand that approval does not necessarily guarantee commercial success. In some instances, general usage or post-marketing studies reveal safety or other previously unknown problems that are likely to suspend or revoke regulatory approvals.



More United States Blood Banking & Tissue Typing Reports

2012 US Transfusion Diagnostic Testing Market Outlook: Growth Opportunities and Strategies by Venture Planning Group
Highlights Comprehensive 460-pages market segmentation analysis of the US transfusion testing market. Major issues pertaining to the US transfusion testing practice, as well as key economic, regulatory, ...

2012 US Blood Banking Market Outlook: Growth Opportunities and Strategies by Venture Planning Group
This report presents a comprehensive analysis of the US blood banking market, including: Major issues pertaining to the US blood banking practice, as well as key ...

The 2012 US Blood Banking Market by Venture Planning Group
This report presents a comprehensive analysis of the US blood banking market, including: Major issues pertaining to the US blood banking practice, as well as key ...

Future US Transfusion Diagnostic Testing Market Outlook by Venture Planning Group
Highlights Comprehensive 460-pages market segmentation analysis of the US transfusion testing market. Major issues pertaining to the US transfusion testing practice, as well as key economic, regulatory, ...

Blood & Organ Banks in the US - Industry Risk Rating Report by IBISWorld
This Industry Risk Ratings report from IBISWorld evaluates the inherent risks associated with the Blood & Organ Banks in the US industry. Industry Risk is ...

See all reports like this >>

More United States Reports

e-Discovery Software Publishing in the US - Industry Market Research Report by IBISWorld
e-Discovery Software Publishing in the US Finding growth : Electronic discovery (more often known as e-discovery) refers to a data search, location and securing process for use ...

D&B Country RiskLine Report: The United States of America by Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...

D&B Country Report: The United States of America by Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...

Country Report United States January 2011 by Economist Intelligence Unit
Country Reports analyse political and economic trends in featured countries. They show you exactly how national, regional and global events will affect your business in ...

Coal - US - a snapshot (2010) by Mintel - Snapshots
Coal in US by Mintel Global Market Navigator provides you with annual year-end market size data, most recently updated in 2010. This market covers consumption ...

See all reports like this >>

 

Research Assistance

 

Free Alert Me service

Receive bi-weekly email alerts on new market research

Sign Up Today!