About Plasma Fractionation
The Increasing effort to make procedures for fractioning proteins from plasma affordable is anticipated to drive the Global Plasma Fractionation market. Plasma is a blood component, derived from whole blood, and is used for various therapeutic and medical applications. Human plasma is a source of numerous different proteins, however, only a few of these proteins are useful for producing therapeutic plasma products. The process of separation, extraction, and purification of these proteins from the plasma is called as fractionation process. Plasma fractionation is the first process for large-scale protein purification, which was developed about 60 years ago by Cohn and co-workers. It is utilized in prevention as well as treatment of several severe diseases caused by immunologic disorders, trauma, and infections. Improved diagnostic facilities, and ease of access to improve healthcare along with the increasing incidences and prevalence of chronic diseases globally, are some factors responsible for the rising demand for plasma-derived products and is expected to drive the plasma fractionation market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 7.1% |
The market is highly fragmented by top players. The players are focussed on improving their product portfolio by extensively working on streamlining the technology used for fractionation processes. 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.
CSL Limited (Australia), Grifols, S.A. (Spain), Shire Plc. (Ireland), Octapharma AG (Switzerland), Kedrion S.P.A (Italy), Bio Product Laboratory (United Kingdom), Sanquin (Netherlands), The LFB Group (France) and Biotest AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Japan Blood Products Organization (Japan), China Biologic Products (China), Green Cross Corporation (South Korea), Shanghai RAAS Blood Products (China), Baxter International Inc.(United States), Hualan Biological Engineering Inc.(China) and China Biologic Products Holdings, Inc.(China).
Segmentation Overview
AMA Research has segmented the market of Global Plasma Fractionation market by Type (Immunoglobulins, Coagulation Factor Concentrates, Albumin, Protease Inhibitors and Others), Application (Immunology, Hematology, Neurology and Others) and Region.
On the basis of Type, Immunoglobulin are dominating the market in the year 2022On the basis of geography, the market of Plasma Fractionation 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 2022. If we see Market by End user, the sub-segment i.e. Hospitals & clinics will boost the Plasma Fractionation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of new plasma proteins therapies (Ceruloplasmin, IgA, Plasmin) leading to innovative treatments for the benefits of patients and Increased usage of recombinant proteins and products acting as a substitute for the plasma products.
Market Growth Drivers:
Increasing geriatric population & demand for plasma protein, Therapeutic applications of plasma-derived protein & its rising indications and Growing investment in R & D leading to new innovations in new plasma protein therapies.
Challenges:
Several pharmaceutical giants are developing a recombinant protein, which is anticipated to eat into the sales of plasma-derived proteins posing a challenge for the market.
Restraints:
Increasing market penetration by recombinant factors and Stringent regulations by the Government & reimbursement issues may hamper the growth of the market.
Opportunities:
Key vendors in the market are focusing on increasing the capacities of plasma fractionation and purification of a wide range of proteins, in turn providing an opportunity for the market.
Market Leaders and their expansionary development strategies
In November 2023, Grifols partnered with Versiti Blood Centers to optimize plasma collection and processing, aiming to further enhance the efficiency and sustainability of the plasma supply chain.
In October 2023, Grifols introduced Alpha1 Pro, a novel subcutaneous alpha-1 antitrypsin therapy for the treatment of Alpha-1 Antitrypsin Deficiency, offering a new delivery option for patients.
Key Target Audience
Plasma fractionation products manufacturers and distributors, Pharmaceutical and biotechnological companies, Healthcare service providers (including hospitals and clinics), Research and development (R&D) companies, Academic institutes, Government associations, Health insurance provider companies, Market research and consulting firms and Venture capitalists and investors
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.