Industry Background:
Blood Plasma Derivatives play a vital role in maintaining proper pH balance in the body and transporting nutrients throughout the body. These derivatives are derived from blood plasma on fractionation and are widely used to treat a variety of diseases. As per sources, in 2019, ~6% of all Americans were diagnosed with ‘hemophilia A’ aging between 0-4 years. In addition, in the same year, ~29% of all Americans were diagnosed with ‘hemophilia B’ aged between 19-44 years. As per an estimation, ~30,000 males in the United States have hemophilia. The rising cases of hemophilia will drive the market growth in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bain Capital, LLC (United States), Baxter International Inc. (United States), Biotest AG (Germany), Grifols S.A.(Spain), Kedrion S.p.A (Italy), Octapharma AG (Switzerland), Fusion Healthcare (India), CSL Limited (Australia) and SK Plasma Co., Ltd. (Korea) |
According to AMA, the market for Blood Plasma Derivatives is expected to register a CAGR of 9.71% during the forecast period to 2028. This growth is primarily driven by Rising Awareness About Blood Donations and Rising Geriatric Population And Occurrence Of Life-Threatening Disorders.
Globally, a noticeable market trend is evident Government Initiative To Donate Plasma To Covid Recovered Patients Major Players, such as Bain Capital, LLC (United States), Baxter International Inc. (United States), Biotest AG (Germany), Grifols S.A.(Spain), Kedrion S.p.A (Italy), Octapharma AG (Switzerland), Fusion Healthcare (India), CSL Limited (Australia) and SK Plasma Co., Ltd. (Korea), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. Through expansions and acquisitions, the players are exploring novel geographic areas in an effort to gain a competitive edge through synergy.
Key Developments in the Market:
In April 2022, Grifols completed the acquisition of Biotest, a strategic and transformational transaction to accelerate growth and innovation. This acquisition of Biotest AG enables Grifols to accelerate and expand its product portfolio and increase the availability of plasma therapies for patients.
In June 2022, Kedrion presented an industry innovation award from the US national organization for rare disorders (NORD). The award recognizes Kedrion’s therapy, RYPLAZIM®, the first FDA-approved treatment for Plasminogen Deficiency Type 1 (PLGD-1).
Regulatory Insights:
The WHO provides guidance and sets international standards for blood and blood products, including plasma derivatives. It collaborates with national regulatory authorities to promote the safety, quality, and availability of blood plasma derivatives worldwide.
Influencing Trend:
Government Initiative To Donate Plasma To Covid Recovered Patients
Market Growth Drivers:
Rising Awareness About Blood Donations and Rising Geriatric Population And Occurrence Of Life-Threatening Disorders
Challenges:
Stringent Government Rules and Regulations
Restraints:
High Cost of Advanced Blood Collection Devices and Risk of Communicable Diseases Through Plasma Derivatives
Opportunities:
Advancement And Development For Preservation of Blood Plasma Derivatives and Opportunities From Emerging Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Blood Plasma Derivatives Market
- Analysis about New Entrants in Blood Plasma Derivatives Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Blood Plasma Derivatives Study Sheds Light on
The Blood Plasma Derivatives Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Blood Plasma Derivatives industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blood Plasma Derivatives industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.