Plasma Fractionation Market by Product - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Plasma Fractionation Market by Product - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : April, 2020 | Pharmaceutical | PPT format

Report Digest


Global Plasma Fractionation Market: Snapshot

Plasma, which comprises of roughly 55% of blood by volume, consists of a number of different proteins numbering into the thousands, and other substances such as hormones, minerals, etc. Plasma renders a large number of therapeutic uses due to the number of proteins present in plasma. For instance, Albumin, which is commonly used to rejuvenate and maintain blood volume after traumatic injury, during surgery and during the exchange of plasma. Plasma fractionation is a process wherein the different components of blood plasma (a part of blood obtained by blood fractionation) are separated. It acts as a natural raw material which is used in various kinds of life-saving treatments and medications.

Plasma fractionation is also used in production of packaging material for industrial applications. The removal or inactivation of viruses and prions is a prime function of plasma fractionation. Increasing use of immunoglobulin in therapeutic areas and prevalence of emphysema & AATD are factors fueling the growth of the world plasma fractionation market.

However, the high cost of plasma products, limited reimbursement availability, the significantly adverse side effects associated with these products, along with the emergence of recombinant products (which can be used as an alternative to plasma products) are restraining the growth of the plasma fractionation market. Moreover, high infrastructural costs associate with production, fixed manufacturing costs, and stringent government regulations for plasma products are further restraining the plasma fractionation market growth.

Global Plasma Fractionation Market: Overview

The global plasma fractionation market is envisaged to develop at a brisk pace owing to the rising geriatric population all over the world. This is mainly due to the surging use of immunoglobins for various therapeutic treatment processes undertaken for providing adequate healthcare to elderly people.

Global Plasma Fractionation Market: Key Drivers and Restraints

A rise in healthcare awareness amongst people all over the world has been a significant driver for the global plasma fractionation market. The process which deals with separation of plasma components, finds a great requirement for treating deadly disorders caused by immunologic deficiencies, infections, and trauma. This requirement is one of the most important drivers for the plasma fractionation market. Rising cases of protein deficiency, especially in underdeveloped regions is a second factor that requires carrying out plasma fractionation to treat the deficiency symptoms. Industrial processes also require incorporating plasma fractionation to manufacture packaging materials. As the industrial sector is experiencing growth in almost all parts the world, the increasing demand for packaging material is contributing towards a positive graph of the global plasma fractionation market. Various treatment processes need the inactivation of viruses and prions, which are chief attributes of plasma fractionation processes. A need for enabling these attributes in the field of molecular biology and associated healthcare practices is largely responsible of the global plasma fractionation market to see a better future.

However, high cost of implementing the initial procedures is a predominant restraint that has been greatly affecting the market. Such cost issues might discourage patients from opting for treatment procedures, thus exhibiting a dampening effect on the global plasma fractionation market. Nevertheless, new regulations amended by governmental bodies all over the world promise to reduce the effects of these restraints, thus predicting a bright future for the global plasma fractionation market.

Global Plasma Fractionation Market: Geographical Outlook

Geography-wise, five regions account for the expansion of the global plasma fractionation market, viz. Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. Among these, North America has emerged as a prominent regional segment with leading market shares. This is mainly due to the increasing use of prophylaxis treatment techniques in this region, along with high employment of immunoglobulins to treat neurological diseases in patients. Prophylaxis treatment as well as immunoglobulins are a crucial part of the processes needed to treat associated maladies. This region also has accounted for rise in the number of haemophilic patients, where a need for plasma fractionation is necessary, thus leading towards increased use the necessary devices in the market.

Global Plasma Fractionation Market: Competitive Analysis

As the global plasma fractionation market is still in its nascent stages, a decent yet healthy competitive landscape exists over there. Most of the companies who develop plasma fractionation techniques have embraced prominent strategies such as agreements, collaborations, partnerships, and expansions improve their image as well as presence in this market. The market players are also focusing on improving their product portfolio by extensively working on streamlining the technology used for fractionation processes. Some of the major players in the global plasma fractionation market are: Green Cross Corporation, CSL, Octapharma, Bio Product Laboratory, Grifols, Kedrion, China Biologic Products, Shanghai RAAS Blood Products, Japan Blood Products Organization, amidst many others.

Lastly, the global plasma fractionation market could be broadly divided into various segments based on products, application, end users, and regional analysis. Under applications, the plasma fractionation market showcases neurology is expected hold a leading segment position, as a result of attracting maximum preference and consequent revenue. This could be due to the surging utilization of IVIG in the treatment of various neurological diseases, especially concerning cases that involve the central and peripheral nervous systems.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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