Blood Plasma Market was valued at USD 27,861.25 million in 2022 and is expected to grow at a CAGR of 7.2% during the forecast period.
The blood plasma market involves the collection, processing, and use of blood plasma for various medical and therapeutic applications. Blood plasma, the liquid component of blood, is used in a range of treatments including clotting factor concentrates for hemophilia, immune globulin therapies, and more.
Market Trends
- Technological Advancements: Innovations in plasma collection, processing, and fractionation technologies are enhancing the efficiency and quality of plasma-derived products.
- Expansion of Plasma-Derived Therapies: There is a growing focus on expanding the use of plasma-derived therapies for various conditions beyond traditional applications, such as emerging treatments for autoimmune disorders and neurological conditions.
- Increase in Plasma Collection Centers: The expansion of plasma collection centers globally is improving access to plasma and supporting the growing demand for plasma-derived products.
Market Drivers
- Rising Incidence of Chronic Diseases: The increasing prevalence of chronic conditions, such as hemophilia, immune disorders, and neurological diseases, drives the demand for plasma-derived therapies.
- Advancements in Plasma-Derived Therapies: Ongoing research and development are leading to new and improved plasma-derived therapies, expanding their use and driving market growth.
- Growing Plasma Donation Initiatives: Enhanced efforts to encourage plasma donation and improve collection processes contribute to the growth of the plasma market.
Challenges
- High Costs: The costs associated with plasma collection, processing, and the production of plasma-derived products can be high, impacting accessibility and affordability.
- Regulatory and Compliance Issues: The plasma market is subject to stringent regulatory requirements and standards, which can affect product development and market entry.
- Supply and Demand Imbalances: Ensuring a consistent supply of high-quality plasma to meet growing demand can be challenging, particularly in regions with limited donation infrastructure.
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Market Segmentations:
Global Blood Plasma Market: By Company
Baxter International
CSL
Grifols
Octapharma
ADMA Biologics
Cerus Corp
Sanquin
Shanghai Raas
TCS Biosciences
Global Blood Plasma Market: By Type
Immunoglobulin
Albumin
Protease Inhibitors
Coagulation Factor Concentrates
Others
Global Blood Plasma Market: By Application
Hospitals and Clinics
Research Laboratories
Academic Institutions
Global Blood Plasma Market: Regional Analysis
The regional analysis of the global Blood Plasma market provides insights into the market’s performance across different regions of the world. The analysis is based on recent and future trends and includes market forecast for the prediction period. The countries covered in the regional analysis of the Blood Plasma market report are as follows:
North America: The North America region includes the U.S., Canada, and Mexico. The U.S. is the largest market for Cold-chain Pharma in this region, followed by Canada and Mexico. The market growth in this region is primarily driven by the presence of key market players and the increasing demand for the product.
Europe: The Europe region includes Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe. Germany is the largest market for Cold-chain Pharma in this region, followed by the U.K. and France. The market growth in this region is driven by the increasing demand for the product in the automotive and aerospace sectors.
Asia-Pacific: The Asia-Pacific region includes Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, and Rest of Asia-Pacific. China is the largest market for Cold-chain Pharma in this region, followed by Japan and India. The market growth in this region is driven by the increasing adoption of the product in various end-use industries, such as automotive, aerospace, and construction.
Middle East and Africa: The Middle East and Africa region includes Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa. The market growth in this region is driven by the increasing demand for the product in the aerospace and defense sectors.
South America: The South America region includes Argentina, Brazil, and Rest of South America. Brazil is the largest market for Cold-chain Pharma in this region, followed by Argentina. The market growth in this region is primarily driven by the increasing demand for the product in the automotive sector.
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