April 29, 2021
According to the recent research report titled ‘GLOBAL Blood Plasma Market 2019-2027’, available with Market Study Report LLC, global blood plasma market is anticipated to record a CAGR of 6.13% during 2019-2027.
Increasing adoption of immunoglobulin-centered therapies, booming aging population, and surge in hemophilia treatment are the key factors driving global blood plasma market growth. Expansion in indication for new therapeutic areas is also adding significant traction to the industry progression.
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For those unversed, plasma comprises several beneficial elements like coagulation factors, immunoglobulins, albumin, along with protease inhibitors, which play an important role in regulating body function. Targeted and basic research & development in this field can deal with deficiencies in components that can lead to various disorders.
Blood plasma is an integral part of clinical treatment strategy as it can combat many ailments, such as leukemia, hemophilia, immunodeficiency, and other chronic and life-threatening bleeding diseases. Blood plasma drugs have proved to be a blessing for patients suffering from such disorders, demanding a more thorough understanding of their applications, thereby enhancing global blood plasma market outlook.
Speaking of the negatives, easy availability of recombinant plasma and hefty cost of blood plasma treatments may restrain business expansion in the upcoming years. Besides, spread of pathogenic contaminants and strict regulations in the vertical also pose a challenge to the industry development.
Based on mode of delivery, global blood plasma market is divided into biomedical sealants, sprays, gels, and infusion solutions. As per blood type, the industry is bifurcated into coagulation factor concentrates, hyperimmunes, albumin, and immunoglobulin.
Moving on to application spectrum, the market is segmented into transplantation, rheumatology, neurology, pulmonology, immunology, and other applications. With respect to end-user scope, the industry is split into hospitals & clinics, research laboratories, and academic institutions.
Regionally, Asia Pacific blood plasma industry is poised to attain notable gains over the forecast timespan, owing to efforts undertaken by a non-profit organization, Asia-Pacific Blood Network (APBN), established in 2006, which offers cost-effective, steady, and safe supply of blood and its components.
Further, Japan is significantly adding to the regional industry growth, creditable to rising number of firms that guarantee blood plasma supply. Meanwhile, China followed to capture the second position in the overall market.
Leading organizations influencing global blood plasma market trends are General Electric Co., ADMA Biologics Inc., Biotest AG, Baxter International Inc., Arthrex Inc., Shire plc, Octapharma AG, Grifols International S.A., CSL Ltd., Cerus Corp., and China Biologic Products Holdings, Inc.