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Plasma Fractionation Market Overview
The plasma fractionation market is projected to grow at a 6.70% CAGR during the forecast period, reveals the new Market Research Future (MRFR) report. Plasma is a component in the blood that has thousands of proteins, of which just a handful of 20 is used for producing therapeutic plasma products. The process to separate, extract, and purify these proteins from the plasma is known as fractionation process. They fit into three classes- albumin that is used for treating fluid loss or supplementing low albumin levels, clotting factors that are used for treating hemophilia & other bleeding disorders, and immunoglobulins that are used for enhancing the immune response to disease as well as treat auto-immunity. It has wide applications in hemato-oncology, rheumatology, pulmonology, critical care, hematology, neurology, immunology, and others.
Numerous factors are adding to the global plasma fractionation market. Such factors, according to the recent MRFR report, include rising incidence of autoimmune and respiratory disorders, rising plasma collection, technological advancements, increasing geriatric population, and increasing participation of top market players. Additional factors adding to the global Plasma Fractionation Market growth include the rising usage of plasma proteins to diagnose and treat various complex disorders, rising research and development to create plasma-based products, rising usage of immunoglobulins in different therapeutic applications, growing geriatric population, and increase in plasma collection centers.
On the contrary, unfavorable reimbursement policies, the high price of advanced products, and the availability of recombinant alternatives are factors that may limit the global plasma fractionation market growth over the forecast period.
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Plasma Fractionation Market egmentation
· The segment assessment of the global plasma fractionation market is done by product, end user, and application.
· The product based segment of the plasma fractionation market are albumin, immunoglobulin, coagulation factor concentrates, and protease inhibitors and among others. The immunoglobulin segment are subcutaneous immunoglobulin (SCIG) and intravenous immunoglobulin (IVIG) among others. The coagulation factor segments are Factor IX, Factor VIII, Prothrombin Complex Concentrate, Von Willebrand Factor, Factor XIII, and Fibrinogen Concentrates.
· The application based segments of the plasma fractionation market are neurology, immunology, pulmonology, hematology, critical care, hemato-oncology, and rheumatology among others.
· The end user based segments of the plasma fractionation market are clinical research laboratories, hospitals & clinics, and academic institutes among others.
Plasma Fractionation Market Regional Analysis
By region, the global plasma fractionation market covers the growth opportunities and recent trends across Europe, the Americas, the Middle East & Africa (MEA), and the Asia Pacific (APAC). Of these, the Americas will lead the market over the forecast period. Factors adding to the growth of the plasma fractionation market in the region include the rising incidence of immunodeficiency disorders and the presence of leading market players.
The plasma fractionation market in Europe is predicted to hold the second-largest share over the forecast period for the increasing research and development investments and rising technological advancements.
The plasma fractionation market in the APAC region is predicted to grow at the fastest pace over the forecast period for the increasing healthcare expenditure.
The plasma fractionation market in the MEA is predicted to have a small share over the forecast period for the inadequate economic development in the African region.
Plasma Fractionation Market Players
· Bio Products Laboratory (BPL)
· Biotest AG
· China Biologic Products Holdings Inc.
· CSL Limited
· Green Cross Corporation
· Grifols S.A.
· Japan Blood Products Organization
· Kedrion S.p.A
· LFB group
· Octapharma AG
· Others
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