Plasma Proteins Market 2024- Segmentation and Scope, Drivers, Challenges, Trends and Porter's Five Forces Analysis

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Plasma Proteins Market- By Application (Hemophilia, Idiopathic Thrombocytopenic Purpura, Secondary Immunodeficiency, Hereditary Angioedema and Primary Immunodeficiency Disorder), by Product Type (Coagulation factors, Immunoglobulin, Alpha-1 proteinase inhibitor and Albumin), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

According to the latest research by InsightAce Analytic, The Plasma Proteins Market was valued at $27.82 billion in 2022 and is expected to reach $56.11 billion by 2031, reflecting a Compound Annual Growth Rate (CAGR) of 8.2% from 2023 to 2031.

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A component of blood known as plasma is a transparent, straw-colored fluid that remains after the destruction of red platelets, white blood cells, blood cells, and other biological components. Various proteins can be found in human blood. Plasma proteins are a collection of simple proteins, glycoproteins, and conjugated proteins, including lipoproteins. Plasma protein treatments are employed to treat the well-specified medical problem by substituting the deficient or missing proteins in plasma. Biological drugs infused or injected into the body to treat life-threatening, chronic and hereditary disorders are classified as plasma protein therapies. This plasma protein aids in the blood coagulation process and also offers immunity from sickness.

The primary drivers driving the global plasma protein market are the rising use of plasma protein-derived pharmaceuticals and the introduction of innovative plasma-derived therapeutics. Numerous other variables, such as the increased incidence of neurological or immunological disorders that might be fatal, as well as infectious diseases like varicella, rabies, tetanus, and hepatitis A&B, also influence the market. On the other hand, there are a few market barriers, including strict government regulations, problems with reimbursement, and the difficulty of manufacturing biologics, which may restrict the market's expansion.

The technique of fractionating the protein from plasma has grown more functional and cost-effective thanks to technical improvements, which are also expected to increase the demand for plasma protein globally. The market for plasma proteins is anticipated to expand significantly over the next several years due to rising public knowledge of blood donations and government initiatives.

North America is anticipated to contribute to the Plasma Proteins market. Some of the leading regional drivers include the presence of a sizable patient base, an increasing geriatric population, and the availability of a well-developed infrastructure for storing and keeping high-quality source plasma. In addition, the Asia Pacific Plasma Proteins market is expected to register significant growth. The market's main growth drivers are the established healthcare infrastructure-focused market participants on R&D for plasma protein therapies, recent product releases, and the rising prevalence of autoimmune illnesses.

Major market players operating in the Plasma Proteins market include
• Baxter
• BPL Group
• CSL Behring
• Grifols
• Japan Red Cross
• Kedrion
• LFB Group
• Octapharma
• Sanquin
• Shanghai Blood Institute
• Other Prominent Players

Recent collaborations and agreements in the market:
• In March 2022, Rika Plasma Donation System (Rika), a new plasma collection system created by medical technology company Terumo Blood and Cell Technologies (Terumo BCT), received FDA approval. Rika is a cutting-edge automated system focusing on the experience of donors and staff in plasma centers.

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Market Segments

Global Plasma Proteins Market, by Product Type
• Coagulation factors
• Alpha-1 proteinase inhibitor
• Albumin
• Immunoglobulin

Global Plasma Proteins Market, by Application
• Secondary Immunodeficiency
• Hemophilia
• Idiopathic Thrombocytopenic Purpura
• Hereditary Angioedema
• Primary Immunodeficiency Disorder

Global Plasma Proteins Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Plasma Proteins Market, by Country
• U.S.
• Canada

Europe Plasma Proteins Market, by Country
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Plasma Proteins Market, by Country
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Plasma Proteins Market, by Country
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Plasma Proteins Market, by Country
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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This release was published on openPR.