Press release
Plasma Technology: Transforming Healthcare with Innovation and Growth
Plasma Medicine Market
Innovative Collaborations and Research In March 2022, Sanofi partnered with IGM Biosciences, Inc. to create, develop, manufacture, and commercialize immunoglobulin antibody agonists targeting oncology and immunology/inflammation. This collaboration highlights the increasing research and development focus on immunoglobulins, driving growth in this segment.
Expanding Scope of Plasma Medicine Plasma technology has evolved beyond traditional applications, showing promise in treating multi-resistant infections and potential applications in cancer therapy. Continuous innovation positions plasma technology as a game-changer in modern medicine, addressing some of the most pressing challenges in healthcare.
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Cold Atmospheric Plasma: A Breakthrough Cold atmospheric plasma (CAP), an ionized gas containing charged particles, ions, and neutral species, has become noteworthy for its ability to interact with biological tissues without causing thermal injury. CAP works at near-room temperatures, making it safe for sensitive tissues.
Market Drivers: Rising Demand for Non-Invasive Treatments The growing demand for non-invasive and minimally invasive medical treatments is reshaping patient preferences and driving the adoption of plasma medicine. Plasma treatments offer therapeutic effects without the need for incisions or extensive tissue manipulation, reducing recovery times and increasing patient comfort.
Applications in Dermatology, Wound Care, and Cancer Therapy Plasma medicine has applications in dermatology, wound care, and cancer therapy. CAP treatments in dermatology offer minimal pain and no need for anesthesia in treating acne, psoriasis, and scars. In wound care, plasma treatments have shown effective disinfection of chronic wounds, tissue regeneration, and improved healing outcomes, making it a preferred choice for patients with diabetic ulcers.
Market Restraints: High Costs of Equipment and Procedures The high costs of plasma medical equipment and procedures are significant barriers to widespread adoption. Considerable investments are needed for R&D, manufacturing, and delivery systems, resulting in high device and treatment costs. Additionally, workforce training, equipment maintenance, and integrating plasma devices into daily clinical practice contribute to these expenses.
Segment Insights: Biological Decontamination Biological decontamination is expected to be the fastest-growing category in the plasma medicine market. CAP is effective in eliminating or inactivating microorganisms, such as bacteria, viruses, fungi, and spores. Its non-thermal nature makes it suitable for sensitive surfaces and biological tissues, making it an innovative solution beyond traditional high-temperature sterilization methods.
Looking Ahead Plasma technology is transforming various medical treatments by offering new solutions that address critical healthcare challenges. Continuous innovation underscores the role of plasma technology as a cornerstone in future therapeutic development.
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Plasma Medicine Top Companies and Competitive Landscape
The competitive landscape is strong in the Plasma Medicine Market, characterized by both well-established and emerging players in the game. Plasma medicine refers to the derivation of various medicinal products to be used for treatments dealing with immune disorders, complications in bleeding, and critical care therapies. Major companies participating in the space do so with varying strengths and innovations that encourage growth and development in the field. The Key players operating in the Plasma Medicine Market includes CSL Behring, Takeda Pharmaceutical Company, Grifols, Octapharma, Kedrion, Biotest AG, LFB Biotechnologies, Hualan Biological Engineering, Shanghai RAAS Blood Products, China Biologic Products, and others.
In December 2023, Octapharma AG gained extended approval from the US FDA for its plasma-derived wilate (von Willebrand Factor/Coagulation Factor VIII Complex). Approval has been further updated to include indications in routine prophylaxis, to reduce the frequency of bleeding episodes in both adults and children aged six years and above.
Some of the key companies in the global Plasma Medicine market include:
CSL Behring
Takeda Pharmaceutical Company
Grifols
Octapharma
Kedrion
Biotest AG
LFB Biotechnologies
Hualan Biological Engineering
Shanghai RAAS Blood Products
China Biologic Products
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Plasma Medicine Latest Industry Updates
In November 2023, Grifols, S.A. was granted U.S. FDA approval for a new immunoglobulin (Ig) purification and filling facility located in North Carolina. This facility will enable the Company to produce an additional 16 million grams of plasma therapy on an annual basis.
In March 2023, Grifols opened its new manufacturing facility in Marburg, Germany, thus further increasing production capacity of human plasma therapies.
Plasma Medicine Market Segmentation Analysis
By Application Outlook (Revenue, USD Billion; 2020-2033)
Therapeutic Applications
Biological Decontamination
By Regional Outlook (Revenue, USD Billion; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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View Additional Related Reports:
Plasma Medicine Market Size @ https://www.emergenresearch.com/industry-report/plasma-medicine-market/market-size
Plasma Medicine Market Share @ https://www.emergenresearch.com/industry-report/plasma-medicine-market/market-share
Plasma Medicine Market Trends @ https://www.emergenresearch.com/industry-report/plasma-medicine-market/market-trends
Plasma Medicine Regional Market Demand @ https://www.emergenresearch.com/industry-report/plasma-medicine-market/regional-market-demand
Plasma Medicine Market Analysis @ https://www.emergenresearch.com/industry-report/plasma-medicine-market/market-analysis
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