Press release
Worldwide Acceptance of Immunoglobulin-based Therapies Augments the Global Blood Plasma Market Growth
According to a new market research report published by Inkwood Research, the Global Blood Plasma Market is estimated to register a CAGR of 6.24% in terms of revenue, during the forecasting years of 2020-2028.''Browse 69 Market Data Tables and 61 Figures spread over 262 Pages, along with an in-depth TOC on the Global Blood Plasma Market Forecast 2020-2028.''
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Plasma is a major component of blood that is significant for the regulation of body functions. It is made up of varied components like coagulation factors, immunoglobulin, albumin, and protease inhibitors. It has around 55% of blood volume, and the composition entails more than 700 proteins and other substances. It is an essential part of treatment for serious health problems like autoimmune disorders and hemophilia. Among the several components of plasma, the most widely used in the treatment of various diseases is the immunoglobulin. The growing demand for immunoglobulin is one of the important drivers of market growth.
Vast Acceptance of Immunoglobulin-based Therapies Fuels Market Growth
There is a rising demand for subcutaneous immunoglobulin and wide acceptance of immunoglobulin-based therapies across the world, which drives the blood plasma market. It is an essential part of blood plasma that aid in protecting the body. Immunoglobulins are produced by plasma cells and are commonly known as antibodies. Some of the most widely used include intravenous immunoglobulins (IVIg). Polyvalent immunoglobulins are employed in replacement therapies for diseases related to autoimmune pathologies, immunodeficiency, and systemic inflammatory processes. There has been an increase in the preference for polyvalent immunoglobulins administered through the subcutaneous route. This is because the patients are increasingly opting for self-infusion, thereby fueling the demand for immunoglobulin-based therapies.
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Immunoglobulin - The Dominant Category in the Blood Derivatives Segment
Immunoglobulins are glycoprotein molecules produced by plasma cells. They are an integral part of immune response and entail a specific mode of action. They assist in the lysis of cells, enhance the release of biologically active molecules, and ensure effective binding to antibodies. They bind to different types of cells through the receptors present in each of the cells that allow the cells to carry out specific functions by activation.
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Asia Pacific is expected to be the Fastest-growing Region
The Asia Pacific blood plasma market growth is projected to be consistently high throughout the forecast period. The major countries that contribute to the growth of the market are Japan, China, India, Australia & New Zealand, and Indonesia. The Asia Pacific region is dominated by China, due to the rising number of organizations that ensure blood plasma supply. In terms of considerable benefaction to the blood plasma market, Japan comes second, due to the restriction in the availability of domestic plasma.
Some of the prominent companies, having their operations in the market, are Fusion Health Care, Takeda Pharmaceutical Company, Arthrex, Biotest AG, Baxter International, etc. The market houses major players that focus on technological advancements and innovations for sustaining their position in terms of share. The competition is expected to be high as a result of the limited number of players.
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