Plasma Derived Therapies Market Key Players Analysis - CSL Behring, Takeda Pharmaceutical Company Limited, BPL, ADMA Biologics, Biotest AG.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Plasma Derived Therapies Market Size, Share & Trends Analysis Report By Product Type (Immunoglobulin, Coagulation Factors, Albumin), Application Type (Haemophilia, Primary Immunodeficiency Disease, Idiopathic Thrombocytopenic Purpura), Region, Market Outlook And Industry Analysis 2031"

The global Plasma Derived Therapies market is estimated to exhibit a CAGR of 6.87% during the forecast period.

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Plasma-derived therapies are essential in the treatment of a range of conditions, including immune deficiencies, bleeding disorders, and genetic diseases. These therapies are produced through plasma fractionation, a process that involves separating and purifying plasma to isolate specific proteins or antibodies. The market for plasma-derived therapeutics is expected to grow significantly due to the high prevalence of chronic blood disorders, advancements in plasma collection and fractionation technologies, and an increasing demand for safe, efficient, and minimally invasive treatment options.

Key drivers of this market include the global aging population and the rising incidence of chronic diseases. Plasma-derived therapies, such as immunoglobulins, clotting factors, and albumin, are crucial in treating a variety of conditions, including immune deficiencies, hemophilia, and liver diseases. The rapid growth of this market is also fueled by the large number of patients with rare diseases. Conditions like primary immunodeficiency disease, von Willebrand disease, and idiopathic thrombocytopenic purpura have significantly contributed to the advancement of plasma-derived treatments. There is a pressing global need for effective plasma-derived therapies to address rare diseases for which no other treatment options currently exist.

List of Prominent Players in the Plasma Derived Therapies Market:
• CSL Behring
• Takeda Pharmaceutical Company Limited
• Biotest AG
• Octapharma
• BPL
• ADMA Biologics
• Grifols
• Kedrion
• Kamada Pharmaceuticals
• SK Plasma
• Pfizer

Market Dynamics:
Drivers-
The rising prevalence of chronic and rare diseases has positioned the industry as a significant growth driver. Governments and industry organizations have implemented various initiatives aimed at improving healthcare infrastructure, which have proven highly beneficial to society. Through participation in these advanced treatment options, individuals have gained access to the most effective care available, supported by numerous government programs. These initiatives also facilitate reimbursement opportunities through insurance providers. Key market participants have introduced a range of products, leveraging rapid research and development efforts, thereby attracting potential customers from across the globe.

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Challenges:
One of the primary challenges faced by the healthcare industry is the disruption of workflows caused by the COVID-19 pandemic, which affected global operations. Numerous businesses, including key sectors of healthcare, were forced to temporarily close their doors. However, the pandemic also had a beneficial impact on the plasma therapy industry. On August 23, 2020, the FDA granted emergency use authorization (EUA) for COVID-19 convalescent plasma to treat hospitalized patients. Additionally, in March 2020, Houston Methodist Hospital in the United States became the first hospital to use plasma fractionation for COVID-19 treatment. This breakthrough allowed plasma from recovered patients to be used in treating those affected by the virus.

Regional Trends:
The North American market for plasma-derived therapies is expected to dominate in terms of revenue and is projected to experience strong growth in the coming years. The demand for plasma-derived therapeutics in this region is driven by the high prevalence of chronic diseases and the well-established healthcare infrastructure. North America's robust research and development activities, technological advancements, and supportive regulatory environment facilitate the development and commercialization of innovative plasma-derived medicines. Additionally, the presence of major market players, strategic partnerships, and intense market competition further reinforce North America's leading position. Favorable reimbursement policies and increasing healthcare expenditures are additional factors propelling market growth in this region, securing its dominance in the plasma-derived therapeutics industry.

Recent Developments:
• In January 2022, The European Union (EU) announced an expansion of the indication for the subcutaneously administered human immunoglobulin cutaquig, according to Octapharma AG. Patients with acquired immune weaknesses would have more diverse treatment options thanks to the extension.
• In January 2022, The existing shareholders of Kedrion S.p.A., the Marucci family and FSI, and Permira formed a partnership to acquire and combine Kedrion with Bio Products Laboratory (BPL). The collaboration of the two businesses would become a dominant global force for drugs made from human plasma that are used to treat serious and uncommon illnesses.

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Segmentation of Plasma Derived Therapies Market-
By Product Type-
• Immunoglobulin
• Coagulation factors
• Albumin
• Others
By Application Type-
• Haemophilia
• Primary Immunodeficiency Disease
• Idiopathic Thrombocytopenic Purpura
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.