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DUBLIN--(BUSINESS WIRE)--Oct 3, 2022--
The "Plasma Fractionation Market by Product, Application, and End User - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global plasma fractionation market is expected to grow at a CAGR of 7.1% from 2022 to 2029 to reach $46.88 billion by 2029.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out the key industry drivers, restraints, challenges, and opportunities. Manufacturing plasma-derived therapeutics requires regulated industrial processes to ensure optimal safety, quality, and recovery. Plasma derivatives are considered important therapeutic resources, owing to which the demand for plasma derivatives is rising.
The plasma fractionation market is driven by the increasing prevalence of chronic diseases across all age groups, the growing use of immunoglobulins in various therapeutic areas, and the expansion of plasma collection centers. Further, the growing prevalence of blood and respiratory diseases is creating opportunities for market growth. However, factor such as government regulations in developing countries hampers the growth of this market to a certain extent.
Based on product, the plasma fractionation market is segmented into immunoglobulins, coagulation factors/concentrates, albumin, and protease inhibitors. In 2022, the immunoglobulins segment is expected to account for the largest share of the global plasma fractionation market. The growth of this segment is attributed to the large commercially available plasma-derived immunoglobulins compared to other products and the growth in the use of immunoglobulins, especially for primary immune deficiency.
Based on application, the market is segmented into immunology, hematology, neurology, critical care, hematology-oncology, rheumatology and orthopedics, and other applications. In 2022, the neurology segment is expected to dominate the plasma fractionation market. The growing prevalence of neurological disorders and the wide use of plasma-derived products for treating them is the major driving factor for this segment's growth.
Based on end user, the global plasma fractionation market is categorized into hospitals & clinics, clinical research laboratories, and academic institutes. In 2022, the hospitals & clinics segment is estimated to dominate the plasma fractionation market. The growing use of plasma-based products in multiple therapy areas, the growing number of hospitals, and the rising healthcare expenditure are some of the major factors driving the growth of this segment.
An in-depth analysis of the geographical scenario of the plasma fractionation market provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. North America is estimated to command the largest share of the global plasma fractionation market in 2022, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Questions Answered in the Report:
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/1piqvu
View source version on businesswire.com:https://www.businesswire.com/news/home/20221003005810/en/
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KEYWORD:
INDUSTRY KEYWORD: BIOTECHNOLOGY GENERAL HEALTH HEALTH PHARMACEUTICAL CARDIOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/03/2022 11:29 AM/DISC: 10/03/2022 11:30 AM
http://www.businesswire.com/news/home/20221003005810/en