The plasma fractionation market expansion can surge at due to the increases in cases of congenital, life threatening cases that are reported in the last couple of years. Moreover, rise in the count of plasma donation centres for the immediate supply of required plasma proteins as therapeutic demand surges can considerably impact the market. Expansion of geriatric population and technological developments are other forces that are likely to support the plasma fraction market in the analysis period. Other causes that can support the plasma fractionation market are increase in plasma collection solutions and surge in cases of autoimmune and respiratory disorders in the near future.
Market Research Future (MRFR) shed light on forces that can influence the global plasma fractionation market size 2020 through the study period 2018–2023. By 2023, the plasma fractionalization market can rise at about 6.5% CAGR. The valuation of plasma fractionation market can exceed USD 18073 Mn, on the conclusion of the review period.
Key Players
Green Cross Corporation, Shire, io Products Laboratory (BPL), China Biologic Products Holdings, Inc., Biotest AG, CSL Limited, Grifols, S.A., Kedrion S.p.A, Japan Blood Products Organization, Sanquin, Shanghai RAAS, LFB group, and Octapharma AG are some well-established plasma fractionation suppliers operating in the market as listed by MRFR.
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Market Segmentation
The segment assessment of the global plasma fractionation market is done by product, end user, and application.
By Product
- Albumin
- Immunoglobulin
- Coagulation Factor Concentrates
- Protease Inhibitors
- Others
By Application
- Neurology
- Immunology
- Pulmonology
- Hematology
- Critical Care
- Hemato-Oncology
- Rheumatology
- Others
By End user
- Clinical Research Laboratories
- Hospitals & Clinics
- Academic Institutes
- Others
Regional Analysis
The high number of renowned plasma fractionation marketers and increase in new entrants are observed to experience tough competition. The fight for brand penetration can support the expansion of the plasma fractionation market in North America. The surge in cases of immunodeficiency disorders, creating the need for plasma fractionalization can support the regional market expansion. The increase in demand for immunoglobulin A (IgA) treatment by a large number of IgA deficient patients in the US can bolster the market rise in the analysis period. In Europe, the plasma fractionation market can thrive due to increase in technological advancements, along with rise in R&D investments.
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In Asia Pacific, the adoption of plasma fractionation by some top-notch medical institutes for the on-going research and development projects can favor the market. Moreover, COVID 19 have compelled researchers to rethink medicine. Hence, increase in focus on designing effective drug molecule and redefine existing drugs generate a wide range of application of plasma fractionation.
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