The latest report by IMARC Group, titled “Plasma Fractionation Market Report by Product (Immunoglobulins, Albumin, Coagulation factor VIII, Coagulation factor IX), Sector (Private Sector, Public Sector), Application (Neurology, Immunology, Hematology, and Others), End User (Hospitals and Clinics, Clinical Research Laboratories, Academic Institutes), and Region 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the plasma fractionation market forecast.
What is the outlook for global plasma fractionation market?
The global plasma fractionation market size reached US$ 25.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 39.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
Leading Companies in the Plasma Fractionation Industry:
- ADMA Biologics
- Bio Products Laboratory Ltd.
- Boccard
- Grifols
- A.
- Hemarus Therapeutics Limited
- Intas Pharmaceuticals Limited
- LFB S.A.
- Merck Group
- Octapharma AG
- PlasmaGen BioSciences Pvt. Ltd.
- SK Plasma Co. Ltd.
- Virchow Biotech Private Limited
Factors Affecting the Growth of the Plasma Fractionation Industry:
- Increasing Prevalence of Immunodeficiency Disorders: The global plasma fractionation market is primarily driven by the rising incidence of immunodeficiency disorders and other chronic conditions that necessitate plasma-derived therapies. Plasma fractionation, the process of separating various components of blood plasma, is crucial for producing essential proteins like immunoglobulins, which are vital for immune system function. With the growing awareness and diagnosis rates of immunodeficiency diseases, the demand for plasma products has increased. Additionally, the aging global population, which is more susceptible to such chronic diseases, further amplifies the need for plasma-derived therapeutics.
- Technological Advancements in Fractionation Processes: Technological advancements in fractionation processes significantly contribute to the expansion of the global plasma fractionation market. Innovations in separation techniques and purification processes have enhanced the efficiency and yield of plasma products, making treatments more accessible and affordable. Modernization in the infrastructure of plasma collection and processing also plays a crucial role, enabling faster and safer production of plasma derivatives. These advancements ensure a higher quality of therapeutics as well as address the growing demand by optimizing production capacities.
- Expanding Applications of Plasma-derived Products: The expanding applications of plasma-derived products in various medical treatments further drive the global plasma fractionation market. Beyond their traditional uses in treating immunodeficiencies and hemophilia, plasma products are now increasingly utilized in critical care and emergency medicine, including treatments for trauma, burns, and shock. The broadening scope of clinical applications, coupled with ongoing research and development activities, opens new avenues for plasma-derived therapies. This diversification in applications highlights the versatility of plasma products, fostering market growth by widening the consumer base and usage scenarios.
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Plasma Fractionation Market Report Segmentation:
Breakup by Product:
- Immunoglobulins
- Albumin
- Coagulation factor VIII
- Coagulation factor IX
On the basis of the product, the market has been divided into immunoglobulins, albumin, coagulation factor VIII, and coagulation factor IX.
Breakup by Sector:
- Private Sector
- Public Sector
Based on the sector, the market is bifurcated into the private and public sectors.
Breakup by Application:
- Neurology
- Immunology
- Hematology
- Other Applications
On the basis of the application, the market is divided into neurology, immunology, hematology, and other applications.
Breakup by End User:
- Hospitals and Clinics
- Clinical Research Laboratories
- Academic Institutes
Based on the end user, the market is categorized into hospitals and clinics, clinical research laboratories, and academic institutes.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Based on the region, the market includes North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
Global Plasma Fractionation Market Trends:
In recent years, the global plasma fractionation market has witnessed an increasing investment in research and development aimed at discovering novel plasma-derived therapies and improving existing ones. This focus on innovation is driven by the need to enhance efficacy, reduce side effects, and expand the range of treatable conditions.
Furthermore, there is a growing emphasis on personalized medicine, where treatments are tailored to individual patient needs, potentially leading to more effective and targeted therapy options using plasma-derived products. Another significant opportunity lies in the expansion of plasma collection networks, especially in emerging economies.
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