According to ABC analysis, the global plasma therapy market is expected to register a CAGR of ~13.8% from 2021 to 2030 and hold a value of USD ~ 895.45 million by 2030.
The global plasma therapy market share is driven by several factors, such as the growing prevalence of immune deficiency disorders, autoimmune disorders, bleeding disorders and rising acceptance of plasma therapy in neurology and other therapeutic indications. The surge in the adoption of therapeutic protein drugs in the cure of a broad range of clinical symptoms. This is expected to rise as a potential for the market during the forecast period. Approvals around the globe for new plasma-derived therapies will increase the demand. Thus, the above-mentioned factors are anticipated to surge the growth of the global plasma therapy market in the near future. Technological advancements in the field and rising awareness among the population regarding the disease and availability of the treatment are pushing the market to new heights.
Plasma therapy has a wide application such as in the treatment of expanding list of life-threatening, debilitating, and chronic disorders. The therapies are used in the treatment of various diseases. The treatment includes immunoglobulin’s used to treat various diseases in individuals with autoimmune diseases and immune deficiencies. Clotting-factor therapies are used for people with hemophilia B and A along with other blood-related disorders, and albumin is used in acute settings for the treatment of burns, trauma, shock, and others. plasma protein therapeutics association are highly used in replacement therapies to cure conditions, such as lack of a coagulation factor in hemostasis. The deficiency can be due to autoimmune disorders or genetic, and it might occur as a complication of cancer. The clotting factor fibrinogen is used as replacement therapy for hemorrhagic diathesis in diseases like afibrinogenemia, dysfibrinogenemia, and hypofibrinogenemia.
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The global plasma therapy market has been segmented into
- Type
- Source
- Application
Regional Analysis
North America holds the largest plasma therapy market share in 2021, owing to the availability of leading platelet rich plasma therapy product manufacturers, active participation of research and academic institutes to conduct advanced research and development activities, rising awareness toward benefits of platelet rich plasma (PRP) therapies, and assistance from regulatory authorities and government to encourage the use of PRP for medical applications. The well-developed healthcare infrastructure in the region, along with the availability of highly skilled professionals is influencing the market growth. The high awareness in the population in turn provides a large number of plasma donorsfurther fueling market growth..
Asia-Pacific is anticipated to be the fastest-growing market during the forecast period due to large population in the region as well as the constant emergence of chronic diseases. These factors are expected to boost the market growth in the region. The developing healthcare facilities and active government participation for the improvement of public health are providing huge opportunities for the market. The outbreak of COVID-19 has enhanced the awareness regarding plasma therapy as it was used as a potential treatment, and India was one of the forerunning countries to adapt the therapy. The high number of disease patients in the region is a key contributor to the regional market growth. An increase in investment by the major market players in the region is also boosting the market in Asia-Pacific.
Furthermore, the growth of the market in the Rest of the World is attributed to the technological advancements in plasma therapy coupled with the prevalence of diseases throughout the region.
Plasma Therapy Market Players
- Novasep (France),
- LEWA GmbH (Germany),
- GALAK Chromatography Technology Co.,
- Ltd (China),
- Biolinx Labsystems (India),
- Bio-Rad Laboratories,
- (US)
among others are some key companies in the global Plasma Therapy that are listed by MRFR for market research.
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TABLE OF CONTENTS
- EXECUTIVE SUMMARY
- MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
- RESEARCH METHODOLOGY
3.1. Overview
3.2. Data Mining
3.3. Secondary Research
3.4. Primary Research
3.4.1. Primary Interviews And Information Gathering Process
3.4.2. Breakdown Of Primary Respondents
3.5. Forecasting Techniques
3.6. Market Size Estimation
3.6.1. Bottom-Up Approach
3.6.2. Top-Down Approach
3.7. Data Triangulation
3.8. Validation
- MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
TOC Continued...
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