The global [FURL=https://www.imarcgroup.com/plasma-fractionation-market]plasma fractionation market[/FURL] size reached US$ 25.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 39.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.Factors Affecting the Growth of the Plasma Fractionation Industry:
- Increasing Prevalence of Immunodeficiency Disorders: The global plasma fractionation market is primarily driven by the rising incidence of immunodeficiency disorders and other chronic conditions that necessitate plasma-derived therapies. Plasma fractionation, the process of separating various components of blood plasma, is crucial for producing essential proteins like immunoglobulins, which are vital for immune system function. With the growing awareness and diagnosis rates of immunodeficiency diseases, the demand for plasma products has increased. Additionally, the aging global population, which is more susceptible to such chronic diseases, further amplifies the need for plasma-derived therapeutics.
- Technological Advancements in Fractionation Processes: Technological advancements in fractionation processes significantly contribute to the expansion of the global plasma fractionation market. Innovations in separation techniques and purification processes have enhanced the efficiency and yield of plasma products, making treatments more accessible and affordable. Modernization in the infrastructure of plasma collection and processing also plays a crucial role, enabling faster and safer production of plasma derivatives. These advancements ensure a higher quality of therapeutics as well as address the growing demand by optimizing production capacities.
Competitive Landscape:
ADMA Biologics
Bio Products Laboratory Ltd.
Boccard
Grifols
S. A.
Hemarus Therapeutics Limited
Intas Pharmaceuticals Limited
LFB S.A.
Merck Group
Octapharma AG
PlasmaGen BioSciences Pvt. Ltd.
SK Plasma Co. Ltd.
Virchow Biotech Private Limited
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Plasma Fractionation Market Report Segmentation:
Breakup by Product:
Immunoglobulins
Albumin
Coagulation factor VIII
Coagulation factor IX
Breakup by Sector:
Private Sector
Public Sector
Breakup by Application:
Neurology
Immunology
Hematology
Other Applications
Breakup by End User:
Hospitals and Clinics
Clinical Research Laboratories
Academic Institutes
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa