Application and Product Portfolio Analysis During the forecasted period of Plasma Fractionation Market

The report "Global Plasma Fractionation Market, By Product Type (Albumin, Immunoglobulins, Coagulation factor concentrates, and Others), By Application (Neurology, Hematology, Immunology, Critical Care, and Others), By End User (Hospitals and Clinics, Clinical Research Laboratories, and Academic Institutes), and Region - Global Forecast to 2029" Global plasma fractionation market is projected to grow from US$ 27.9 billion in 2020 to US$ 49.6 billion by 2029. Rising incidence of immunologic disorders and growing use of immunoglobulin and alpha-1 antitrypsin are major factors driving growth of the global plasma fractionation market. In addition, increasing awareness of diseases such as hemophilia and rising incidence of sudden spreading of viral diseases across the globe are some among the major factors to raise the stakes for plasma fractionation by diagnostic centers. This factor leads to large-scale protein purification and ultimately propelling growth of the global plasma fractionation market. Innovation and development in cost effective plasmapheresis equipment’s by manufacturers and increasing number of hemophilic patients can create lucrative opportunity for players operating in the global plasma fractionation market.

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Driver:
Hemophilia or hematology disorders form one of the major application areas of plasma fractionation products which drives the market. Hemophilia is a hereditary bleeding disorder characterized by impaired blood coagulation due to deficiencies in the production or function of coagulation factor VIII.
Immunoglobulins are used as first-line therapy for various neurologic, immunologic, and hematologic conditions. The foremost common use of immunoglobulin therapy is for the treatment of primary immune deficiencies and chronic inflammatory demyelinating polyradiculoneuropathy (CIDP). Intravenous immunoglobulin (IVIg) is additionally being considered for a variety of neurological diseases, including MS, neuropathic pain, and chronic fatigue syndrome. In the last decade, the diagnosis rate of varied immunological diseases has increased due to technological advancements. Additionally, growing genetic research for characterizing and diagnosing immunodeficiency will increase the clinical need for immunoglobulin due to the increased number of diagnosed patients.

RESTRAINT: Emergence of recombinant alternatives
In the previous years, many recombinant alternatives are developed for various plasma-derived products, like anti hemophilic factor , factor IX, Willebrand factor, fibrinogen concentrates, antithrombins, and protease inhibitors. In developed countries, recombinant factors VIII and IX are increasingly getting used as an alternate to plasma-derived factors VIII and IX in bleeding disorders. These recombinant products are used prophylactically and are less immunogenic than plasma-derived products. Additionally to those, there are a couple of more longer-acting replacement factors within the development pipeline. These products would offer significant benefits, like less-frequent administration and greater effectiveness in prophylactic use. The increasing use of recombinant factors and their increased use in prophylactic therapies is thus a serious factor limiting the adoption of plasma products.

Key Highlights:
• In December 2017, BioLife Plasma Services L. P. had files for FDA approval of a new plasma manufacturing facility in Covington, Georgia to support growing immunology franchise.

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Competitive Landscape & their strategies:
The prominent player operating in the global plasma fractionation market includes CSL Plasma, Inc., Grifols S.A., BioLife Plasma Services L. P., Octapharma Plasma, Inc., Kedrion S.p.A, Bio Product Laboratory Ltd., LFB S.A., Biotest Pharmaceuticals Corporation, Japan Blood Products Organization, and China Biologic Products Holdings, Inc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

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Global Platelet Rich Plasma Market
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About Report:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Key questions answered in the report:

• What will the market growth rate of Plasma Fractionation Market in 2026?
• What are the key factors driving the global Plasma Fractionation Market?
• Who are the key manufacturers in Plasma Fractionation Market space?
• What are the market opportunities, market risk and market overview of the Global Plasma Fractionation market?
• What are sales, revenue, and price analysis of top manufacturers of Plasma Fractionation Global market?
• What are sales, revenue, and price analysis by types and applications of Plasma Fractionation Market?
• What are sales, revenue, and price analysis by regions of Plasma Fractionation market?

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