Plasma Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

  • Single User License $3500

Plasma Therapy Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2029

Status : November, 2021 | Pharmaceutical

Report Digest


Plasma Therapy Market: Overview

Convalescent plasma therapy (CPT), more popularly plasma therapy, is gained groundswell of attention in the healthcare industry for its potential in treating COVID-19 cases, propelling the expansion in the plasma therapy market.  Caused by SARS-CoV-2, COVID-19 has claimed millions of lives worldwide. In the absence of vaccine, countries have pinned high hopes on plasma therapy. In recent months, plasma therapy has been used in in China and South Korea. The verdict is not yet out. Having said that there has been a proliferation of research studies and clinical trials at hospitals efficacy of convalescent plasma as an emergency therapy, since there is a marked lack of potentially effective antiviral therapies against COVID-19. This is propelling the strides in the plasms therapy market. In some cases, particularly in severely ill with COVID-19, plasma therapy is considered as the only hope. Donation of plasma is done from fully recovered patients by plasmapheresis, and transfusion of separated plasma from whole blood of such patients.

The study offers a critical assessment of key growth dynamics, emerging clinical avenues, investment trends in key regional markets, and the competitive landscape in various regions, and strategies of top players. The assessments also offer insight into the share and size of various segments in the plasma therapy market.

Plasma Therapy Market: Key Trends

The demand for reducing mortality rate is a key undercurrent in the interest of plasma therapy, since the therapy was effective earlier in similar viral infections. Examples are during the outbreak of SARS, H1N1, and MERS—which was the most recent one in 2012. A growing body of exploratory studies on SARS and severe influenza has reiterated the role of plasma therapy in reducing the clinical symptoms and sometimes the mortality rate after CP transfusion. All these results pains a canvas for players for the expansion of the plasma therapy market.

Over the years, a number of phylogenetic and molecular sequencing-based studies have underlined the similarity of COVID-19 with SARS and MERS viruses. The growing use of CP therapy along with systemic corticosteroids is boosting the plasma therapy market. In future, more studies are imperative with adverse events caused by CP therapy.     

Plasma Therapy Market: Competitive Dynamics

A growing number of studies in recent years in developed countries and some in Asian nations have aimed to evaluate the life-saving effect of CPT in Covid-19 disease. Notable examples are REMAP-CAP and RECOVERY trials. Patients enrolled were COVID-19 patients but not harbouring any infections for more than 28 days. Researchers also ensure that the study participants were not pregnant or had transfusion-transmitted diseases during the time of the study.

Another example was an interim analysis of 316 patients at Houston Methodist hospitals from March to July 2020 involving critically ill or severe patients. The plasma therapy has also benefitted from the regulatory push in developed nations. A case in point is the U.S. Food and Drug Administration making pathways for the study of COVID-19 convalescent plasma therapies.

Plasma Therapy Market: Regional Assessment

The plasma therapy is seeing vast potential in North America and Asia. The remarkable surge in the COVID 19 cases in the U.S. has led to proliferation of registered clinical trials assessing the efficacy of CPT in COVID 19 and similar viral infections. Rise in COVID-19 interventional clinical trials across North America and Asian countries such as China has helped the global plasma therapy marke

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?