Plasma Fractionation Market Overview
The global plasma fractionation market 2020 is projected to grow at a CAGR of 6.5% over the forecast period.
Plasma Fractionation Market Scenario
The stakes for plasma fractionation have been increased by increasing awareness of diseases due to media saturation and by an increasing number of diagnostic centres, which is the first step towards large-scale protein purification. The key growth factor for the global plasma fractionation market has been a steady increase in indications and rising plasma-derived proteins for different therapeutics. The increase in investment in the design of rare disease therapeutics is also expected to bode well for the global demand for plasma fractionation in the coming years.
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The attempts to allow economical methods for the fractionation of plasma proteins are also likely to succeed for the industry during the forecast years. In addition, the rising prevalence of respiratory and autoimmune disorders is also projected to fuel market growth. The increased penetration of the global market for plasma fractionation is primarily due to the increased use in medicine of immunoglobulins and alpha-1-antitrypsin and the consistent investment in medicine and research and development, resulting in cost-effective procedures. The major factor driving the growth of the plasma fractionation market is the rise in the geriatric population worldwide, which is predisposed to numerous rare diseases involving the use of plasma derivatives.
For the plasma fractionation market, the COVID-19 pandemic is expected to deliver major growth opportunities. To discover alternative cures and diagnostic methodologies for the novel coronavirus, many countries are working with plasma fractionation techniques.
The advent of recombinant substitutes, high prices for innovative drugs and unfavourable reimbursement policies can however, impede demand growth over the forecast period.
Plasma Fractionation Market Segmental Analysis
Based on commodity, use, end consumer, and area, the global plasma fractionation market is segmented.
The global market for product-based plasma fractionation is segmented into immunoglobulin, focus coagulation factor, albumin, protease inhibitors, and others.
The market is segmented into immunology, neurology, haematology, critical care, pulmonology, rheumatology, hemato-oncology, and others, depending on use.
The industry is segmented into hospitals & clinics, scientific research centres, technical institutes, and others, depending on end users.
Plasma Fractionation Market Regional Overview
The geographical study covers four global regions, namely the Americas, Europe, Asia-Pacific and the Middle East & African regions, within the current scope of the study.
Because of the presence of major market players and the increasing prevalence of immunodeficiency disorders within the region, the Americas dominated the global plasma fractionation market. As the regional market is open to technological advances, the North American plasma fractionation market is expected to dominate. A robust healthcare sector along with continuous technological innovation will accelerate the demand for plasma fractionation in North America. In addition, the prevalence of neurological and autoimmune disorders, as well as haemophilia, would raise the prospects for demand for plasma fractionation. The improvement of the infrastructure for outpatient services, private nursing services and the increase in chronic degenerative diseases are therefore expected to boost the regional market in the coming years.
In the global market, Europe is regarded as the second largest market. This can be attributed to growing advances in technology and increasing investments in R&D.
Asia Pacific has been projected to be the fastest growing region due to rising healthcare spending driving the Asia Pacific region’s regional markets. For the Asia-Pacific market, the therapeutic applicability of plasma fractionation proteins is an important growth lever. In addition, technological improvements in emerging economies’ healthcare sectors are expected to pave the way during the forecast period for exciting market prospects.
On the other hand, due to insufficient economic development, the Middle East and Africa had the least share in the global plasma fractionation market particularly within the African region.
Plasma Fractionation Market Competitive Dashboard
Some of the key players in the global plasma fractionation market are Bio Products Laboratory (BPL), Biotest AG, CSL Limited, China Biologic Products Holdings, Inc., Green Cross Corporation, Japan Blood Products Organization, Grifols, S.A., Kedrion S.p.A, Octapharma AG, Sanquin, Shanghai RAAS, Shire, LFB group, and others.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.4 Macroeconomic Indicators
4.5 Trends & Assessment
Chapter 5. Market Factor Analysis
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