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North America Plasma Protein Therapeutics Market Growth and Trends |Market Data Forecast
North America Plasma Protein Therapeutics Market
Recent years have witnessed the increased usage of plasma proteins in medical applications. The advancements in technology has made the process for fractionating the protein from plasma more efficient and cost saving and is a huge boost to the market. Reports from suggest that half of the global blood donors are from high income countries which constitutes only 18% of the global population. Rising awareness among individuals regarding the significance of blood donations and government initiatives helped the market to propel the market at a significant rate.
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Plasma, which is a protein rich fluid plays a critical role in clotting and providing immunity to diseases. Isolating these proteins from plasma can be helpful for various medical therapies which includes immune deficiencies, autoimmune, bleeding and neurological disorders. By replacing the missing or deficient proteins in plasma, plasma protein therapies can be able to treat life-threatening genetic and chronic diseases.
Rising number of new plasma-derived therapies has increased the demand for the market in the recent years. Rising prevalence of life threatening diseases that involves neurological or immune system and others infectious diseases like Tetanus, Rabies, varicella and Hepatitis A&B are some of the factors enabling the growth of the market. However, there are a few restraints that may prove to be a bottleneck for the growth of the market including stringent regulatory policies, reimbursement issues and manufacturing complexity.
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The North America Plasma Protein Therapeutics Market are categorised by product type as Albumin, Coagulation Factors, Immunoglobulins, alpha-1 proteinase inhibitor and others. The market is also analysed by segmenting it based on application as Primary Immunodeficiency Disorder, Secondary Immunodeficiency, Hemophilia, Idiopathic Thrombocytopenic Purpura and others. On the basis of geography, North American market is segmented into US and Canada.
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Investment in research & development of the plasma proteins are boosting the prospect of the North America market. The major players in the plasma protein therapeutic market are Baxter, Biotest, CSL Behring, Grifols, China Biologics, Shire Plc., Kedrion, Octapharma and Chengdu Inst.
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