Loading...

Plasma Fractionation Market Expected to Reach $23 Billion by 2027—Allied Market Research

 
 

quote demand forplasma fractionation products is on therise, owing to surge in prevalence of various medical conditions that require use of plasma derivatives such as hemophilia. Furthermore, surge in adoption of plasma derivatives across the globe is another major factor that contributes to growth of the market. quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, "Plasma Fractionation Market by Product, Wound Type,and End User: Opportunity Analysis and Industry Forecast, 2019–2027,"the global Plasma Fractionation market was valued at $18 billion in 2019, and is expected to reach $23 billion by 2027, registering a CAGR of 6.2% from 2019 to 2027. 

Plasma fractionation is a separation technique, which is employed to obtain plasma derivatives. There are different types of plasma derivatives available in the market such as albumin and immunoglobulins. These products contain concentrated fractions of plasma protein, which is obtained by fractionation of plasma collected from a large number of donors. Furthermore, plasma derivatives are employed in different medical aspects such as hematology, neurology, and critical care. For instance, immunoglobulins are used in neurology to help patients suffering from multiple sclerosis and neuropathic pain. Furthermore, these products are extensively used in research laboratories and hospitals, owing to surge in awareness related to their use in various medical fields.

Surge in geriatric population across the globe, which is predisposed to various rare diseases that require use of plasma derivatives is the major factor that propels the market growth. Moreover, rise in use of immunoglobulins and alpha-1-antitrypsin in areas of medicine worldwide also fuels growth of the plasma fractionation market. Furthermore, surge in plasma collection centers worldwide is another major factor that contributes to growth of the market. In addition, favorable government support to spread awareness related to use of plasma derived products boost growth of the plasma fractionation market. 

However, high cost of plasma derived products restricts growth of the market. Conversely, growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period. 

Covid-19 Impact Analysis On Global Plasma Fractionation Market 

COVID-19 pandemic has affected every industry worldwide. For instance, after COVID-19 was declared as a pandemic by the WHO, countries worldwide adopted nationwide lockdowns to observe social distancing as a measure to contain the spread. This lead to disruption, limitation, challenges, and changes in each sector of every industry. Similarly, the plasma fractionation industry was also impacted by the pandemic. For instance, the outbreak of COVID-19 pandemic has led to a decrease in number of blood donations and plasma collections, which hampers the plasma fractionation market as it leads to shortage of in raw material supply. However, this decrease in raw material supply was compensated by the fall in demand for plasma derivatives in the starting of nationwide lockdowns, as the elective surgical procedures were postponed and availability of treatment for other medical conditions was also hampered. In addition, the overall plasma supply in countries is maintained, however, some areas may face shortages. Thus, the viral outbreak had a negative impact on the plasma fractionation market. 

The global plasma fractionation market is segmented on the basis of product, sector, and country. On the basis of product, the market is divided into albumin, immunoglobulins, coagulation factor VIII and coagulation factor IX. On the basis of sector, the market is divided into private sector and public sector. By country, Turkey, Russia, Korea, Kingdom of Saudi Arabia, Taiwan, Indonesia, Thailand, Malaysia, Canada, Vietnam and rest of the world. 

In terms of value, by product, immunoglobulin is the largest segment in the plasma fractionation market and is also expected to exhibit the fastest growth rate during the forecast period. The growth of this segment is attributable to the diversified use of immunoglobulin in various disorders such as primary and secondary immune deficiencies, autoimmune diseases, and inflammatory diseases. Furthermore, surge in research related to immunology across the globe is another factor that contributes toward the growth of the immunoglobulin market. 

In terms of value, by sector, private sector acquired the largest share of plasma fractionation market during the forecast period. This is attributable to the fact that there are a large number of private players operating in the plasma fractionation industry which collect and fractionate large amount of plasma into derivatives such as albumin, immunoglobulin and others. Thus, this contribute to the growth of the market. 

On the basis of country, rest of the world acquired a major share owing to easy availability of plasma fractionation products, surge in number of plasma collection centers, and presence of major key players that offer plasma fractionation products. Thailand is expected to grow at the fastest rate during the forecast period due to surge in awareness related to use of plasma fractionation products and rise in disposable income. 

Key Findings Of The Study 

  • In terms of value, by product, the immunoglobulin segment acquired three-fourths share of plasma fractionation market in 2019.
  • In terms of value, by country, the Thailand is anticipated to grow with the highest CAGR throughout the forecast period.
  • Rest of the world accounted for four-fifths share of the global plasma fractionation market in terms of volume for albumin & immunoglobulin in 2019. 
  • In terms of volume for coagulation factor VIII & coagulation factor IX, the coagulation factor VIII segment is anticipated to grow with the highest CAGR throughout the forecast period.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Plasma Fractionation Market by Product (Albumin, Immunoglobulin, Coagulation Factor VIII and Coagulation Factor IX), Sector (Public Sector and Private Sector): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Plasma Fractionation Market"
Purchase Enquiry