Blood Plasma Derivatives Market to Incur Steady Growth $44,333 million by 2023 | CAGR 9.3%

The global blood plasma derivatives market was valued at $23,613 million in 2016, and is projected to reach $44,333 million in 2023, registering a CAGR of 9.3% from 2017 to 2023.

Blood plasma is clear liquid component of blood in which red blood cells, white blood cells, and platelets are suspended. It plays a vital role in maintaining proper pH balance in the body and transporting nutrients throughout the body. It is composed of more than 100 different proteins, including albumin, fibrinogen, immunoglobulins, protease inhibitors, and clotting factors. Plasma derivatives are products that are derived from blood plasma on fractionation, and are widely used to treat variety of diseases. These derivatives include albumin, factor VIII & IX, anti-inhibitor coagulation complex (AICC), immunoglobulins, including Rh immune globulin, alpha 1-proteinase inhibitor concentrate, and anti-thrombin III concentrate.

Download Free Report Sample @ https://www.alliedmarketresearch.com/request-sample/656

The factors that drive the growth of the blood plasma derivatives market include increase in prevalence of life-threatening diseases such as immunodeficiency diseases and hemophilia, rise in awareness towards blood & plasma donation, upsurge in geriatric population, and growth in adoption of blood plasma derivatives products. However, high cost of plasma derivative-based treatment and risk of side effects associated after using plasma derivatives impede the market growth. Conversely, the development of superior methods for preservation of plasma derivatives along with advanced processes for fractionation and presence of untapped market in emerging economies are expected to provide lucrative growth opportunities for the market.

The immunoglobulin segment accounted for the largest share in 2016, owing to high usage & applicability for treating variety of immunodeficiency diseases and improved immunoglobulin production due to the emergence of advanced technologies. However, the albumin segment is expected to grow at the high CAGR from 2017 to 2023.

The utilization rate of plasma derivatives for immunodeficiency diseases is high. However, hemophilia segment is expected to grow at a high CAGR during the forecast period. On the basis of end user, the hospitals segment occupied the largest share in 2016, whereas the clinics segment is expected to provide lucrative market opportunities during the forecast period.

Get a purchase Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/656

North America was the leading revenue contributor to the global blood plasma derivatives market in 2016, and is expected to dominate the market during the forecast period. This is attributed to the early approval of plasma derivatives products and large number of fractionation plants in this region. However, Asia-Pacific is expected to grow at the highest CAGR during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness towards plasma derivatives.

The Major key players Are:

o Grifols, S.A.
o SK Plasma Co., Ltd.
o Fusion Health Care Pvt. Ltd.
o Biotest AG
o Green Cross Corporation
o Baxter International Inc.
o LFB S.A.
o Octapharma AG
o CSL Limited
o Shire Plc.

The Other Key Players Are:

o China Biologic Products, Inc.
o Kedrion Biopharma, Inc.
o BDI Pharma, Inc.
o Bayer AG
o Hualan Biological Engineering, Inc.

Obtain Report Details @ https://www.alliedmarketresearch.com/blood-plasma-derivatives-market

Key Findings of the Blood Plasma Derivatives Market:

o The albumin segment accounted for nearly one-sixth share of the global blood plasma derivatives market in 2016.
o The immunoglobulins segment is expected to grow at highest CAGR from 2017 to 2023.
o The immunodeficiency diseases segment accounted for around one-third share of the global market in 2016.
o Europe accounted for around one-third share of the global market in 2016.
o LAMEA is expected to provide lucrative market growth opportunities from 2017 to 2023.

Similar Reports:

Cancer Vaccines Market: https://www.medgadget.com/2019/01/cancer-vaccines-market-to-grow-at-a-double-digit-cagr-of-17-7-till-2023.html

Endovascular Aneurysm Repair Market: https://www.medgadget.com/2019/03/endovascular-aneurysm-repair-evar-market-is-growing-with-3580-million-value-globally-by-2023.html

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Market Pulse: https://blog.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client's insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

This release was published on openPR.