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Prominent Plasma Protein Therapeutics Market Trend for 2025: Innovative Products Drive Competition In The Plasma Protein Therapeutics Market
"What market dynamics are playing a key role in accelerating the growth of the plasma protein therapeutics market?As the occurrence of autoimmune disorders increases, so too is the growth of the plasma protein therapeutics market expected to accelerate. Autoimmune disorders arise when the body's immune mechanisms mistakenly attack and obliterate healthy body cells. Therapeutic plasma exchange is a treatment option for autoimmune illnesses, which occur when the body incorrectly identifies part of itself as alien and generates proteins, referred to as autoantibodies, that strike the misidentified body component. For example, a study conducted by the University of Glasgow, a public university based in the UK, encompassing 22 million individuals in May 2023, determined that around 10% of the UK population is affected by autoimmune disorders, surpassing previous predictions. Therefore, the escalating occurrence of autoimmune disorders is propelling the upward trajectory of the plasma protein therapeutics market.
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How will the growth rate of the plasma protein therapeutics market shape industry trends by 2034?
The market size for plasma protein therapeutics has seen significant expansion in the past few years. It's predicted to increase from $31.86 billion in 2024 to $34.55 billion in 2025, showcasing a compound annual growth rate (CAGR) of 8.5%. The historic period's growth can be credited to factors such as the rising incidence of rare diseases, an increase in the aging population, the global availability of blood plasma, a surge in cases of hemophilia, advancements in diagnosis, and a favorable regulatory environment.
In the forthcoming years, a significant increase in the size of the plasma protein therapeutics market is anticipated. It is projected to reach a worth of $46.35 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 7.6%. Factors that are largely contributing to this growth during the forecast period include advancements in gene therapy, rise in healthcare spending, adoption of precision medicine tactics, broadened indicators, and patient access programs. The forecast period will also see trends such as the uptake of telemedicine, innovative technological breakthroughs, improvements in plasma fractionation technology, the emergence of next-generation therapies, acceptance of recombinant therapies, and approaches focusing on personalized medicine.
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What trends are poised to drive the future success of the plasma protein therapeutics market?
The plasma protein therapeutic market is seeing a trend towards product innovation. Major players in this market are focusing on creating innovative solutions to gain a competitive advantage. In October 2023, Octapharma AG, a company based out of Switzerland, received approval from European medical regulators for the lyophilized version of their well-known product, octaplasLG. This new formulation is meant for usage in pre-hospital transfusion, providing a convenient and effective alternative for healthcare experts to handle patients in critical conditions. This approval demonstrates Octapharma's dedication to improving patient care by offering innovative solutions in the blood product sector.
Which primary segments of the plasma protein therapeutics market are driving growth and industry transformations?
The plasma protein therapeutics market covered in this report is segmented -
1) By Product: Immunoglobulin, Albumin, Coagulation Factor, C1-esterase Inhibitors, Other Products
2) By Route Of Administration: Intravenous, Subcutaneous
3) By Applications: Primary Immunodeficiency Disorder (PID), Idiopathic Thrombocytopenic Purpura, Secondary Immunodeficiency, Hereditary Angioedema, Other Applications
Subsegments:
1) By Immunoglobulin: Intravenous Immunoglobulin (IVIG), Subcutaneous Immunoglobulin (SCIG)
2) By Albumin: Human Serum Albumin, Recombinant Albumin
3) By Coagulation Factor: Factor VIII, Factor IX, Prothrombin Complex Concentrates
4) By C1-Esterase Inhibitors: Human C1-Esterase Inhibitors, Recombinant C1-Esterase Inhibitors
5) By Other Products: Fibrinogen, Alpha-1 Antitrypsin, Clotting Factor Concentrates
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Which geographical regions are pioneering growth in the plasma protein therapeutics market?
North America was the largest region in the plasma protein therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plasma protein therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the plasma protein therapeutics market landscape?
Major companies operating in the plasma protein therapeutics market include CSL Behring LLC, Grifols SA, China Biologic Products Holdings Inc., Takeda Pharmaceutical Company Limited, Baxter International Inc., Kedrion SpA, LFB SA, Emergent BioSolutions Inc., Reliance Life Sciences Private Limited, ADMA Biologics Inc., Prothya Biosolutions BV, Bio Products Laboratory Ltd., Biotest AG, Taibang Biological Group Co Ltd, Octapharma Plasma Inc., New York Blood Center, Green Cross Corporation, China National Biotec Group Company Limited, Kamada Ltd., Australian Red Cross Lifeblood
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What Is Covered In The Plasma Protein Therapeutics Global Market Report?
• Market Size Forecast: Examine the plasma protein therapeutics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the plasma protein therapeutics market for a structured understanding.
• Key Players Overview: Analyze major players in the plasma protein therapeutics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the plasma protein therapeutics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the plasma protein therapeutics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the plasma protein therapeutics market.
• Industry Challenges: Identify potential risks and obstacles affecting the plasma protein therapeutics market.
• Competitive Landscape: Review strategic developments in the plasma protein therapeutics market, including expansions, agreements, and new product launches.
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