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Global Plasma Fractionation Market Size, Growth, Industry Trends | Emergen Research
Market Overview
Market Size and Growth: In 2023, the market was valued at approximately USD 32.83 billion and is projected to grow to USD 62.83 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period.
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Key Market Drivers
Rising Prevalence of Chronic Diseases: An increase in immunological and neurological disorders has led to higher demand for plasma-derived therapies.
Growing Geriatric Population: The aging global population is more susceptible to rare conditions requiring blood derivatives, further fueling market growth.
Advancements in Plasma Collection and Processing: Technological improvements have enhanced the efficiency and safety of plasma fractionation processes, contributing to market expansion.
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Market Challenges
High Cost of Plasma-Derived Products: The expensive nature of these therapies can limit accessibility, particularly in developing regions.
Stringent Regulatory Frameworks: Compliance with complex regulations can pose challenges for market players.
Segment Insights
By Product:
Immunoglobulins: Account for a significant share due to their widespread use in treating various immune deficiencies.
Albumin: Used extensively in treating liver diseases and surgical procedures.
Coagulation Factors: Essential for patients with hemophilia and other bleeding disorders.
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By Application:
Neurology: Growing application in treating neurological disorders.
Immunology: High demand for immunoglobulins in immune-related conditions.
Hematology: Use of coagulation factors in blood-related disorders.
Regional Insights
North America: Dominated the market with a share of 55.86% in 2023, attributed to advanced healthcare infrastructure and high adoption of plasma therapies.
Europe: Holds a substantial market share due to the presence of key players and increasing healthcare expenditure.
Asia-Pacific: Expected to witness the highest growth rate, driven by a large patient pool and improving healthcare facilities.
Key Market Players
CSL Behring (Australia)
Takeda Pharmaceutical Company Limited (Japan)
Grifols, S.A. (Spain)
Octapharma AG (Switzerland)
Kedrion S.P.A (Italy)
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These companies are at the forefront of developing and supplying plasma-derived products globally.
Recent Developments
September 2024: SkyQuest projected that the global plasma fractionation market will reach a value of USD 63.27 billion by 2031, with a CAGR of 8.3% during the forecast period.
Market Segmentation
By Product:
Immunoglobulins
Albumin
Coagulation Factors
Others
By Application:
Neurology
Immunology
Hematology
Critical Care
Others
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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