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Global Growth Factors (Blood and Tissue) Market to Reach $52.1 Billion by 2012, According to New Report by Global Industry Analysts
Date:11/10/2008

Growing population, and rising percentage of aging individuals in the population mix, coupled with increasing patient demand for therapeutic efficiency, is expected to drive the world growth factors market to over $52.1 billion by the year 2012. Growth will also be encouraged by the recent success of commercialized products in new therapeutic applications such as neutropenia prevention and treatment.

San Jose, CA (PRWEB) November 10, 2008 -- Age-related conditions such as Alzheimer's disease, malignancies, trauma and autoimmune disorders necessitate the development of less-invasive and more effective therapies. Growth factors (blood and tissue) have made an indelible mark on the market as a promising and cost-effective therapeutic solution for addressing unmet medical needs. Growth factors have a wide range of opportunities, especially in treating critical conditions such as granulocytopenia, leukemia, aplastic anaemia, bone marrow transplantation, and myelodysplastic syndrome. Additionally, Human recombinant technologies have triggered these therapeutic biological products to greater heights. The steady stream of products presently in the pipeline will additional help ensure sufficient levels of product commercialization.

As stated by the recent report published by Global Industry Analysts, Inc., the United States leads the global growth factors market, in terms of discovery and product sales. Market for growth factors in the United States is expected to rise by about US$14.1 billion during the period 2008 to 2012. Europe and Japan together account for more than 32% share estimated in the year 2008. In the upcoming years, the world growth factors market is expected to make substantial progress fueled by research c
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