Press release
Plasma Fractionation Market to Reach $45.11 Billion by 2030, Growing at 6.8% CAGR - Key Players Include CSL & Grifols, S.A.
The global plasma fractionation market was valued at USD 25.55 billion in 2021 and is expected to grow to USD 45.11 billion by 2030, exhibiting a CAGR of 6.8% between 2022 and 2030.
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Market Overview
Plasma fractionation refers to the process of separating proteins from the plasma content of blood. This fractionation is done by first separating blood and plasma by employing centrifugation. This results in the separation of red blood cells and plasma. Plasma contains proteins such as fibrinogen and immunoglobins which are helpful in treating autoimmune diseases and quick healing of wounds during bleeding or surgery. Originally, Cohn's process was used, which took advantage of the different solubilities of plasma proteins in differing concentrations of ethanol. However, now chromatography techniques are used, specifically ion exchange chromatography for the separation and purification of various plasma proteins.
Growth Drivers
• Governments and industries are increasingly collaborating in order to boost research in the extraction of plasma proteins due to its various benefits. Governments are also rolling out initiatives and drives in order to bring awareness regarding blood donation and fractionation therapy based products.
• Infectious diseases, especially among the geriatric population, have resulted in a surge in Research and Development departments worldwide. Increasing atmospheric pollution has also caused a widespread prevalence of respiratory infections. With advancements in the field of fractionation, better output of plasma proteins will be seen in the coming years.
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Major Participants
The healthcare industry is heavily investing in the plasma fractionation market due to the numerous advantages plasma proteins, ranging from treating autoimmune deficiencies to hereditary disorders such as hemophilia. This has resulted in many companies entering into the market.
Grifols, S.A.
Shire
Octapharma AG
Kedrion S.P.A
LFB
Biotest AG
Sanquin
China Biologic Products Holdings Inc.
GC Pharma
Bio Products Ltd
Segmental Analysis
• The plasma fractionation market is segmented based on product, application, method, end-use, and region.
• Based on product, the market is further categorized into albumin, immunoglobins, coagulation factors, protease inhibitors, and others. Immunoglobins have received major importance due to their ability to treat primary and secondary deficiencies.
• In terms of application, the neurology category accounted for the largest market share in the application segment.
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Regional Overview
Asia Pacific is expected to grow at a significant rate during the forecast period owing to the increasing geriatric population as well as rising investment in R&D.
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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