Blood Plasma Derivatives Market Trend, Future Demand And Leading Players CSL Limited ,Baxter International Inc.-Forecast To 2025 By 360 Research Reports

The Report Provides Complete Coverage On Industry Situations, Growth, And Demands, Industry Drivers, Restraints, Business Strategies Utilized. Additionally, Competitive Analysis By Blood Plasma Derivatives Market Players, Opportunities, Future Roadmap, And Major Vendor Profiles Has Been Presented In The Report.

Market Scenario

Market Research Future (MRFR) predicts that the global Blood Plasma Derivatives Market will attain the valuation of USD 58.2 billion by 2023, after reaching USD 30.5 billion in 2016. The market can achieve a CAGR of 7.52% during the forecast period (2017-2023), says MRFR.

Growth Boosters and Key Barriers

Blood plasma refers to blood’s liquid component that comprises the extracellular matrix. It plays a big part in maintaining electrolyte as well as osmotic balance, and also helps prevent infection and blood disorders within the body. It contains primarily water coupled with various other components including dissolved proteins, immunoglobulin, clotting factors, glucose, hormones, and electrolytes.

Plasma derivatives can be described as the concentrates of certain proteins that need pooling of plasma from a huge number of donors. It requires over hundred plasma donations to generate enough immunoglobulin to treat an immune deficient patient for at least a year. This factor presents numerous lucrative opportunities for technological advancements for elevating plasma-derived products’ production.

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Esteemed Players

The esteemed players in the worldwide blood plasma derivatives market include SK Plasma (Korea), Grifols (Germany), Fusion Healthcare (India), and others.

Players like Bain Capital (U.S), Biotest AG (Germany), Octapharma AG (Germany), are also operating in the market.

Latest News

March 2019

GCAM, Inc. has added a set of new blood plasma collection centers in Texas (U.S.) to its existing infrastructure. With these additions, the company now owns 10 plasma donation centers across the country.

Notably, rising demand for plasma derivative based therapies is the key factor driving the blood plasma derivatives market. According to a study published in the Journal of Blood Medicine in 2016, it is found that FIX replacement therapy which includes plasma-derived protein are successful in the reduction of disability, and bleeding from hemophilia B. Based on the prevalence rate, hemophilia and von willebrand disease (VWD) are the most common bleeding disorders in the Middle East and Africa. According to the 2014 Annual Global Survey of World Federation of Hemophilia (WFH),

in 2014 the total population of Egypt was 86,895,099 out of which 5,246 people were living with hemophilia, 513 were living with von willebrand disease, and 1,123 with other bleeding disorders. It is also reported that 4201 cases of hemophilia A were registered and among them 37% were under 4 years.

Boost in demand for blood plasma derivatives has been noted on account of the massive patient pool and the lack of alternative treatments. This is believed to add to the strength of the market to a large extent. To elaborate, there is no definite cure for hemophilia at present, wherein the patient requires a lifelong infusion of plasma-derived products. Other crucial factors that have a hand in the market growth include the surge in disease awareness as well as education, rising commitment to research, and organized network of donor centers. On a different note, the high cost of treatment could act as an obstacle in the market growth.

Market Segmentation

The worldwide blood plasma derivatives market has been segmented on the basis of type, application, and end-users.

The blood plasma derivatives market, depending on the type, covers albumin, anti-thrombin, intravenous immunoglobulin (IVIG), fresh frozen plasma (FFP) and others. Other types include Factor VII, Factor IX, and Alpha 1 proteinase inhibitor concentrate.

With respect to the application, the market caters to Hemophilia A, Hemophilia B, HIV, Hepatitis B, Hepatitis C, Thrombocytosis, and others. Other applications covered by the report are Von Willebrand disease.

End users, as per the report, are hospitals, clinics, diagnostic centers, blood transfusion centers, and others.

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About Market Research Future:
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