Plasma Expander Market to See Booming Growth 2024-2031 | Baxter International Inc., Hikma Pharmaceuticals PLC, Octapharma AG, Terumo Corporation

Market Overview:

Plasma expanders are solutions administered intravenously to increase intravascular volume in cases of hypovolemia or decreased circulating volume of blood plasma. They help maintain blood pressure and prevent organ damage.

Market Dynamics:

The plasma expander market is driven by the rising incidence of trauma injuries such as road accidents, falls and burns which often lead to substantial blood loss. According to the World Health Organization (WHO), road accidents account for nearly 1.35 million deaths each year globally. The second driver is the increasing number of surgical procedures performed worldwide. Various types of surgeries including organ transplantation, cardiovascular procedures and cancer surgeries involve substantial blood loss which needs to be replaced intravenously using plasma expanders.

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Increase in road accidents and traumatic injuries is driving the plasma expander market

The rising number of road accidents worldwide have increased the chances of traumatic injuries which require emergency intervention. As plasma expanders help in maintaining blood volume and increasing blood circulation in trauma cases, their demand has risen significantly. According to the World Health Organization, around 1.35 million people die each year as a result of road traffic crashes. Such incidents often result in blood loss which needs to be addressed urgently through plasma volume expansion. Plasma expanders play a vital role in stabilizing patients by restoring intravascular volume and preventing hypovolemic shock. With limited shelf life of stored blood, plasma expanders serve as an easily available and effective alternative in trauma and surgery cases.

Stringent regulatory frameworks pose a challenge for new product launches

Regulatory bodies around the world have implemented stringent rules for approving new plasma expander products given the complex nature of biologicals. Extensive clinical trials are mandated to ensure patient safety. This increases costs and development timelines for companies. Moreover, regulations differ across regions which makes the approval process longer and complex if a company wants to market a product globally. While regulations aim to ensure efficacy and quality, the lengthy and expensive approval pathways discourage many small players and restrict frequent product innovations. Existing products also face strict compliance protocols which add an overhead cost for manufacturers. All these factors pose problems for timely introduction of novel plasma expanders.

Emerging economies present major revenue opportunities

Low- and middle-income countries across Asia Pacific and Latin America are expected to significantly drive future demand for plasma expanders. With improving healthcare access and rising per capita income, more people can afford surgical and medical interventions in these regions. Since these economies have a younger population and higher road accidents, the needs for volume replacement solutions are considerable. Positive government support through funding and infrastructure development programs are encouraging private investments and products availability. International players view these markets as lucrative avenues for sales growth. On the other hand, local manufacturers too have a solid chance to build market share by offering cost-effective products. emerging economies present major revenue opportunities.

Shift towards synthetic products is a key trend in the market

Natural plasma expanders were conventionally preferred but synthetic colloids and crystalloids are swiftly gaining prominence. Modern products are more effective, safe, economical and compatible for a longer shelf life. They pose lower risks of disease transmission and allergic reactions. With advancements in polymer engineering and nanotechnology, companies are developing next-gen volume replacement solutions. Some noteworthy innovations include intracellular microvesicle-based plasma volume expanders, albumin-mimicking synthetic colloids and pH-responsive hydrogels. Such tailored formulations address specific clinical needs and expand treatment applications. The shift towards novel synthetic platforms reflects an ongoing industry-wide transformation. It will support product differentiation and sustainable growth in the long run.

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Top Companies Covered In This Report:

◘ Baxter International Inc.
◘ Fresenius SE & Co. KGaA
◘ CSL Limited
◘ Grifols
◘ S.A.
◘ B. Braun Melsungen AG
◘ Hikma Pharmaceuticals PLC
◘ Octapharma AG
◘ Terumo Corporation
◘ JW Life Science
◘ Haemonetics Corporation
◘ Macopharma
◘ ADMA Biologics
◘ Biotest AG
◘ Takeda Pharmaceutical Company Limited

Market Segmentation:

By Type: Albumin, Dextran, Hydroxyethyl Starch, Gelatin, and Others

By Product Type: Colloids and Synthetic Expanders

By Application: Trauma and Surgical Procedures, Burn Management, Hypovolemia, Sports Medicine, and Others

By End User: Hospitals and Clinics, Ambulatory Surgical Centers, and Others

Geographic Covered in the Report:

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

Reason to Buy this Report:

■ Study of the impact of technological developments on the market and the emerging trends shaping the industry in the coming years.
■ Analysis of the regulatory and policy changes affecting the market and the effects of these changes for market participants.
■ Summary of the competitive landscape in the Plasma Expander market, including profiles of the key players, their market share, and strategies for growth.
■Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
■Assessment of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.

Questions Answered by the Report:

(1) Which are the dominant players of the Plasma Expander Market?
(2) What will be the size of the Plasma Expander Market in the coming years?
(3) Which segment will lead the Plasma Expander Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Plasma Expander Market?
(6) What are the go-to strategies adopted in the Plasma Expander Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Plasma Expander Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Plasma Expander Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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