Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 28.21 Billion | USD 57.34 Billion | 8.2% | 2023 |
The global plasma fractionation market size was worth around USD 28.21 billion in 2023 and is predicted to grow to around USD 57.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.2% between 2024 and 2032.
In order to give the users of this report a comprehensive view of the plasma fractionation market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Plasma processing is a process to obtain pure components that can be further used for injection and transfusion. The Cohn process (also called cold ethanol fractionation) was developed by Edwin J. Cohn during World War II, which was a major breakthrough in the field of blood plasma fractionation. The preparation of plasma-derived products is an important and rising phenomenon in the human plasma biotechnological industry. Some important proteins extensively used in medical treatments are factor VIII, albumin, and Factor IX. Different methods used to extract plasma are based on cold ethanol fractionation of the human plasma, which breaks it down into its components, gel filtration, and chromatographic methods that offer higher purity and fractionation by polyethylene glycol or by salt.
The increased penetration of the global plasma fractionation market is largely due to the increased use of immunoglobulins and alpha-1-antitrypsin in areas of medicine and the consistent investments in medicine and R&D, which has resulted in cost-effective procedures. The global population has a significant proportion of aged people, who suffer from rare diseases that often require high plasma proteins. There are multiple centers to collect plasma that facilitates smooth treatment and also the subsequent development of the plasma fractionation market globally.
Additionally, the increasing patient life span due to better healthcare services, increasing health awareness, rising disposable income and reimbursement policies are also contributing to this market. However, the affordability of plasma products may be a major concern for the patients worldwide.
The report provides company market share analysis to give a broader overview of the key players in the plasma fractionation market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the plasma fractionation market on a global and regional basis.
The study provides a decisive view of the plasma fractionation market by segmenting it based on product, application, end-user, and region.
Based on product, the market is segmented into protease inhibitors, albumin, coagulation factor concentrates (factor IX, prothrombin complex concentrate, factor VIII, Von Willebrand factor, factor XIII, and fibrinogen concentrates), and immunoglobulins (subcutaneous immunoglobulin, intravenous immunoglobulin (IVIG), and other immunoglobulins), and others.
The application segment is divided into immunology, hematology, neurology, rheumatology, pulmonology, and others.
The end-user segment comprises clinical research laboratories, hospitals and clinics, medical and academic institutes, and others.
Report Attributes | Report Details |
---|---|
Report Name | Plasma Fractionation Market |
Market Size in 2023 | USD 28.21 Billion |
Market Forecast in 2032 | USD 57.34 Billion |
Growth Rate | CAGR of 8.2% |
Number of Pages | 110 |
Key Companies Covered | Green Cross, Biotest, Octapharma, LFB, Japan Blood Products, China Biologic Products, CSL, Shanghai RAAS Blood, Kedrion, and BPL |
Segments Covered | By product, By application, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America leads the extraction of plasma proteins and treatment of genetic and blood-related disorders, which makes it the global leader of the plasma fractionation market. The Asia Pacific region exhibits the highest potential to grow notably in the global plasma fractionation market in the years ahead. Increased disposable income, rising lifestyle-related disorders, growing healthcare expenditure, and escalating awareness about health disorders are driving the region’s plasma fractionation market. Additionally, the increasing aging population and cancer prevalence are further driving the plasma fractionation market in the Asia Pacific region.
The key players for plasma fractionation Market are:
Plasma Fractionation Market: By Product
Plasma Fractionation Market: By Application
Plasma Fractionation Market: By End-User
Global Plasma Fractionation Market: By Region
FrequentlyAsked Questions
Plasma fractionation is a method that is employed to separate and purify the diverse components of blood plasma for medical and therapeutic purposes. Plasma is the liquid component of blood that persists after the removal of red and white blood cells, as well as platelets. Proteins, hormones, electrolytes, and waste products are present.
The demand for plasma-derived therapeutics is driven by the increasing prevalence of chronic diseases, including haemophilia, immune deficiencies, and liver diseases. The treatment of these conditions requires the production of essential products such as coagulation factors, immunoglobulins, and albumin through plasma fractionation.
The global plasma fractionation market size was worth around USD 28.21 billion in 2023 and is predicted to grow to around USD 57.34 billion by 2032.
The global plasma fractionation market a compound annual growth rate (CAGR) of roughly 8.2% between 2024 and 2032.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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