Plasma Fractionation Market Size & CAGR
The Global Plasma Fractionation Market Size is expected to reach USD 29.1 billion by 2023, with a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2030. The market is driven by increasing demand for plasma-derived products, rising prevalence of autoimmune diseases, and growing applications in hematology and neurology.
COVID-19 Impact on the Plasma Fractionation Market
The COVID-19 pandemic has had a significant impact on the Plasma Fractionation Market. The disruptions in the supply chain, restrictions in blood donation drives, and lockdown measures have led to a shortage of plasma for fractionation. However, the increased awareness about the importance of plasma-derived products in treating COVID-19 patients has also boosted the market growth.
Plasma Fractionation Market Dynamics
The Plasma Fractionation Market is driven by factors such as increasing prevalence of chronic diseases, growing geriatric population, and advancements in fractionation technologies. However, challenges such as stringent regulatory requirements, high cost of plasma fractionation, and limited reimbursement policies can hinder market growth.
Segments and Related Analysis of the Plasma Fractionation Market
The Plasma Fractionation Market is segmented based on product type, application, technology, and end-user. The key segments include immunoglobulins, albumin, coagulation factor concentrates, and others. Each segment caters to specific medical needs and has a diverse range of applications in different therapeutic areas.
Plasma Fractionation Market Analysis Report by Region
The global Plasma Fractionation Market is analyzed based on regions such as Asia Pacific, South America, North America, Europe, and the Middle East and Africa. Each region has its unique market dynamics, regulatory environment, and key players contributing to the growth of the Plasma Fractionation Market.
Asia Pacific Plasma Fractionation Market Report
The Asia Pacific region holds a significant market share in the Plasma Fractionation Market due to the increasing prevalence of chronic diseases, rising healthcare infrastructure, and growing investments in research and development. Countries like China, Japan, and India are witnessing substantial growth in the plasma fractionation market.
South America Plasma Fractionation Market Report
South America is a key region in the Plasma Fractionation Market, with countries like Brazil and Argentina leading the market growth. The region is witnessing a rise in demand for plasma-derived products and increased investments in healthcare infrastructure, driving market expansion.
North America Plasma Fractionation Market Report
North America dominates the Plasma Fractionation Market with the presence of major pharmaceutical companies, advanced healthcare facilities, and high awareness about plasma-derived products. The region is expected to show steady growth in the coming years due to the increasing prevalence of autoimmune diseases.
Europe Plasma Fractionation Market Report
Europe is a prominent market for Plasma Fractionation with countries like Germany, France, and the UK leading the market growth. The region has a well-established healthcare infrastructure, stringent regulatory framework, and high adoption of plasma-derived products, contributing to market expansion.
Middle East and Africa Plasma Fractionation Market Report
The Middle East and Africa region are witnessing significant growth in the Plasma Fractionation Market due to the increasing prevalence of genetic disorders, rising healthcare investments, and improving healthcare infrastructure. Countries like Saudi Arabia, UAE, and South Africa are key contributors to market growth.
Plasma Fractionation Market Analysis Report by Technology
The Plasma Fractionation Market is segmented based on technology, including cold ethanol fractionation, chromatography, and others. Technological advancements in fractionation processes, purification techniques, and automation have revolutionized the production of plasma-derived products, driving market growth.
Plasma Fractionation Market Analysis Report by Product
The market offers a wide range of plasma-derived products such as immunoglobulins, albumin, coagulation factor concentrates, and others. Each product type serves specific medical purposes, with growing demand for immunoglobulins and albumin in various therapeutic applications.
Plasma Fractionation Market Analysis Report by Application
The Plasma Fractionation Market caters to diverse applications such as neurology, hematology, immunology, critical care, and others. Plasma-derived products play a crucial role in treating a wide range of diseases and conditions, driving market growth across different medical specialties.
Plasma Fractionation Market Analysis Report by End-User
The end-users of plasma-derived products include hospitals, clinics, research institutes, and others. The increasing prevalence of chronic diseases, rising healthcare expenditure, and growing awareness about plasma-derived therapies are driving market growth among different end-users.
Key Growth Drivers and Key Market Players of the Plasma Fractionation Market and Competitive Landscape
Key market players in the Plasma Fractionation Market include:
- Baxter International Inc.
- CSL Behring
- Grifols S.A.
- Octapharma AG
- Kedrion S.p.A.
Plasma Fractionation Market Trends and Future Forecast
The Plasma Fractionation Market is witnessing several trends such as increasing demand for recombinant products, rising investments in research and development, and growing applications in rare diseases. The market is poised for significant growth, driven by technological advancements, expanding indications, and increasing healthcare expenditure.
Recent Happenings in the Plasma Fractionation Market
- Baxter International Inc. announced the acquisition of a plasma fractionation facility to enhance its production capacity and expand its product portfolio.
- CSL Behring launched a novel immunoglobulin therapy for the treatment of autoimmune disorders, strengthening its position in the Plasma Fractionation Market.
- Grifols S.A. partnered with a leading research institute to develop new plasma-derived products for rare diseases, showcasing its commitment to innovation and advanced therapies.