Global Blood Plasma Products Market Overview:
Plasma is referred as a blood component constituting of water along with other components like glucose, immunoglobulin, electrolytes, hormones, electrolytes, and clotting factors. It plays a vital role in maintaining the electrolyte and osmotic balance, preventing infections and blood disorders in the body. Plasma derivatives are the concentrates of specific proteins, which need pooling of plasma from great number of donors. For example, to treat an immune-deficient patient for one year they require more than hundred plasma donations to produce enough immunoglobulin. Hence, they are obtained by the process of fractionation where protein concentrates are separated and then clinically used. Global Blood Plasma Products Market was estimated to worth USD 16.8 billion in 2016 and is likely to reach USD 23.0 billion in 2021 at a of CAGR of 6.6% % during the forecast period.
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Drivers and Restraints:
The development of the global blood plasma derivatives market is majorly driven by rise in prevalence of life-threatening disorders, particularly hemophilia. Other factors boosting the market development include increase in adoption of blood plasma derivatives products, upsurge in geriatric population across the world, and rise in awareness about blood & plasma donation. However, factors such as high cost of plasma derivative-based therapy and post-operative risks associated with plasma replacement therapy hamper the market development. On the other hand, the development of enhanced methods for preservation of plasma derivatives along with advanced procedures for fractionation and high potential in untapped markets in the developing economies are projected to provide lucrative growth opportunities for the market.
Geographically, Global Blood Plasma Products Market has been divided into areas like Europe, North America, Asia-pacific, Latin America, and Middle East & Africa. The global market has been mainly dominated by North America, followed by Europe. Leading companies in Global Blood Plasma Products Market are Fusion Health Care Pvt. Ltd., SK Plasma Co., Biotest AG, Green Cross Corporation, Ltd., S.A., Octapharma AG, CSL Limited, LFB S.A., Baxter International Inc., and shre Plc.
Scope of the report:
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