About Plasma Therapy
The Plasma therapy, a process of replacing the plasma protein in individuals who are suffering from plasma protein deficiency. It extensively finds application in wound healing, androgenetic alopecia, and face rejuvenation. The growth of this market is mainly attributed to factors such as the advantages offered by PRP treatment, increasing awareness towards PRP therapies; the rising prevalence of musculoskeletal, sports, & orthopedic injuries; and the growing number of cosmetic procedures worldwide. The increase in the number of incidences such as sports injuries and orthopedic diseases includes arthritis and growing androgenic alopecia patients are the major driving agent in the growth of every market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The plasma therapy market is a complex and dynamic landscape with significant growth potential. Understanding the key players, competitive factors, and regional variations is crucial for navigating this evolving market and anticipating future trends. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Plasma Therapy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Biolife Plasma Services (United States), Cambryn Biologics LLC (United States), Biotest (Germany), CSL Ltd. (Australia), Grifols International S.A.(Spain), Kedrion S.p.A. (Italy), LFB (France), Bio Product Laboratory Ltd.(United Kingdom), China Biologic Products,Inc. (China) and Octapharma (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Green Cross (Switzerland), Japan Blood Products (Japan) and Shanghai RAAS (China).
Segmentation Overview
AMA Research has segmented the market of Global Plasma Therapy market by Type (Pure PRP, Leucocyte-rich PRP, Pure Platelet-rich Fibrin (PRF) and Leukocyte-rich Fibrin (L-PRF)), Application (Orthopedics [Arthritis, Chronic Tendinitis, Bone Repair & Regeneration], Dermatology [Androgenic Alopecia, Plastic Surgery], Dental, Cardiac Muscle Injury, Nerve Injury and Others) and Region.
On the basis of geography, the market of Plasma Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Plasma Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Autologous will boost the Plasma Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Plasma Therapy Deal with COVID 19 Battle and Growing Concern Regarding Skin Health
Market Growth Drivers:
Increase in Aging Population and Rising Number of Orthopedic Disorders and Huge Demand in the Orthopedics Solutions
Challenges:
Varying Prices of Plasma Therapy
Restraints:
Lack of Reimbursement Policies Related to Plasma Therapy and Development in Regenerative Medicine
Opportunities:
Growing Awareness of Plasma Therapy for CORNA Virus Diseases across the Globe and Increasing Number of Androgenic Alopecia Patients
Market Leaders and their expansionary development strategies
In October 2023, The Bill & Melinda Gates Foundation partners with the WHO to launch a global plasma donation program to collect plasma from people who have recovered from COVID-19.
In October 2023, Takeda launches TAKHZYME, a plasma-derived enzyme replacement therapy. Takeda launched TAKHZYME, a new treatment for Pompe disease, a rare metabolic disorder. TAKHZYME utilizes plasma-derived alpha-glucosidase enzyme to address the enzyme deficiency in Pompe patients.
Blood products such as PRP fall under the prevue of FDA's Center for Biologics Evaluation and Research (CBER). CBER is responsible for regulating human cells, tissues, and cellular and tissue-based products. The regulatory process for these products is described in the FDA's 21 CFR 1271 of the Code of Regulations. Under these regulations, certain products including blood products such as PRP are exempt and therefore do not follow the FDA's traditional regulatory pathway that includes animal studies and clinical trials.Finally, despite PRP being exempted, the language in 21 CFR 1271 has caused some recent concern over activated PRP; however to date, the FDA has not attempted to regulate activated PRP. Clinicians using activated PRP should be mindful of these concerns and continued to stay informed.
Key Target Audience
Platelet-rich Plasma (PRP) Manufacturers, Platelet-rich Plasma (PRP) Suppliers, Medical Research Laboratories, Hospitals & Clinics, Academic Medical Centers & Universities, Business Research & Consulting Service Providers and Research & Development (R&D) Companies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.