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Global Plasma Derived Therapy market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2024-2032

Published Date: April, 2024
Base Year: 2023
Delivery Format: PDF+ Excel
Historical Year: 2017-2023
No of Pages: 263
Forecast Year: 2024-2032
Category

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Market Overview

The global market for plasma-derived therapy is witnessing significant growth and is expected to continue expanding in the coming years. Plasma-derived therapy involves the use of plasma-derived products, which are derived from human plasma, for the treatment of various medical conditions. These products are rich in proteins, antibodies, and other bioactive substances that play a crucial role in therapeutic interventions. The market for plasma-derived therapy is driven by the increasing prevalence of chronic diseases, advancements in plasma collection and processing techniques, and the growing demand for biologics and immunoglobulins.

Meaning

Plasma-derived therapy refers to the use of plasma-derived products in medical treatments. Plasma is the liquid component of blood that contains various proteins, antibodies, and other essential components. Plasma-derived products are obtained from human plasma through a process called plasma fractionation, where plasma is separated into different components for therapeutic use. These products are utilized in the treatment of various diseases, including immune disorders, bleeding disorders, and genetic deficiencies.

Executive Summary

The global market for plasma-derived therapy is experiencing significant growth due to the rising prevalence of chronic diseases and the increasing demand for biologics and immunoglobulins. Plasma-derived products play a crucial role in therapeutic interventions, providing essential proteins, antibodies, and other bioactive substances for the treatment of various medical conditions. The market offers a diverse range of plasma-derived products, including immunoglobulins, coagulation factors, albumin, and others, catering to the needs of patients and healthcare providers.

Global Plasma Derived Therapy Market

Key Market Insights

  1. Increasing prevalence of chronic diseases: The growing burden of chronic diseases, such as immune disorders, bleeding disorders, and genetic deficiencies, is driving the demand for plasma-derived therapy.
  2. Advancements in plasma collection and processing techniques: Ongoing advancements in plasma collection and processing technologies have improved the safety and efficacy of plasma-derived products.
  3. Growing demand for biologics and immunoglobulins: The increasing use of biologics and immunoglobulins in the treatment of various diseases is contributing to market growth.
  4. Favorable reimbursement policies and increased healthcare expenditure: The availability of reimbursement for plasma-derived therapy and the rise in healthcare spending support market expansion.
  5. Collaboration and partnerships between plasma product manufacturers and healthcare providers: Collaborations enable the development of innovative plasma-derived products and facilitate market penetration.

Market Drivers

  1. Increasing prevalence of chronic diseases, such as immune disorders, bleeding disorders, and genetic deficiencies
  2. Advancements in plasma collection and processing techniques
  3. Growing demand for biologics and immunoglobulins
  4. Favorable reimbursement policies and increased healthcare expenditure
  5. Collaboration and partnerships between plasma product manufacturers and healthcare providers

Market Restraints

  1. Stringent regulatory requirements for product approval and safety
  2. Potential risks associated with plasma-derived therapy, including transfusion-related complications
  3. Limited availability of plasma donors and plasma collection centers
  4. High costs associated with plasma collection, processing, and production of plasma-derived products
  5. Competition from alternative therapeutic interventions and treatments

Market Opportunities

  1. Expansion into emerging markets with a growing patient population and increasing healthcare infrastructure
  2. Development of novel plasma-derived products targeting specific diseases and medical conditions
  3. Focus on research and development for innovative plasma collection and processing techniques
  4. Collaboration with healthcare providers and patient organizations to improve patient access to plasma-derived therapy
  5. Integration of advanced technologies, such as genetic engineering, in plasma-derived product development

Market Dynamics

The market for plasma-derived therapy is driven by factors such as the increasing prevalence of chronic diseases, advancements in plasma collection and processing techniques, growing demand for biologics and immunoglobulins, favorable reimbursement policies, and collaborations between industry players and healthcare providers. Market dynamics are also influenced by regulatory frameworks, patient preferences, and advancements in medical research.

Regional Analysis

The market for plasma-derived therapy varies across different regions. North America dominates the market, driven by well-established healthcare infrastructure, favorable reimbursement policies, and high awareness about plasma-derived products. Europe is also a significant market, with increasing adoption of plasma-derived therapy and advancements in plasma collection and processing technologies. The Asia-Pacific region offers lucrative opportunities for market expansion, fueled by the large patient population, rising healthcare expenditure, and improving access to healthcare services. Latin America and the Middle East & Africa regions are witnessing steady growth, driven by increasing awareness and investments in healthcare infrastructure.

Competitive Landscape

The global market for plasma-derived therapy is highly competitive, with several companies operating in the sector. Key players include plasma product manufacturers, biopharmaceutical companies, and healthcare technology providers. Some prominent players in the market include CSL Behring, Grifols, Octapharma, Baxter International Inc., and Kedrion Biopharma Inc. Competition is driven by product portfolio diversification, research and development, market presence, and strategic partnerships.

Segmentation

The market can be segmented based on product type, application, end-user, and region. Product types include immunoglobulins, coagulation factors, albumin, and others. Applications span immune disorders, bleeding disorders, genetic deficiencies, and others. End-users of plasma-derived therapy include hospitals, specialty clinics, and home healthcare settings.

Category-wise Insights

  1. Immunoglobulins: Immunoglobulins, also known as antibodies, are plasma-derived products used in the treatment of immune disorders, including primary immunodeficiency diseases and autoimmune disorders.
  2. Coagulation Factors: Coagulation factors are plasma-derived products used in the treatment of bleeding disorders, such as hemophilia and von Willebrand disease. These factors play a crucial role in blood clotting and prevent excessive bleeding.
  3. Albumin: Albumin is a plasma-derived product used in various medical conditions, including hypovolemia, burns, and liver diseases. It helps maintain blood volume and carries essential nutrients and hormones throughout the body.

Key Benefits for Industry Participants and Stakeholders

  1. Meeting the increasing demand for plasma-derived therapy in the treatment of various medical conditions
  2. Expanding product portfolios and offering diverse plasma-derived products
  3. Collaboration with healthcare providers to improve patient access to plasma-derived therapy
  4. Contributing to the advancement of medical science and therapeutic interventions
  5. Capturing market share and establishing a strong market presence

SWOT Analysis

Strengths:

  • Increasing demand for plasma-derived therapy in the treatment of chronic diseases
  • Advancements in plasma collection and processing techniques
  • Growing demand for biologics and immunoglobulins
  • Favorable reimbursement policies and increased healthcare expenditure

Weaknesses:

  • Stringent regulatory requirements for product approval and safety
  • Potential risks associated with plasma-derived therapy
  • Limited availability of plasma donors and plasma collection centers
  • High costs associated with plasma collection, processing, and production of plasma-derived products

Opportunities:

  • Expansion into emerging markets with a growing patient population and increasing healthcare infrastructure
  • Development of novel plasma-derived products targeting specific diseases and medical conditions
  • Focus on research and development for innovative plasma collection and processing techniques
  • Collaboration with healthcare providers and patient organizations to improve patient access to plasma-derived therapy
  • Integration of advanced technologies, such as genetic engineering, in plasma-derived product development

Threats:

  • Stringent competition from alternative therapeutic interventions and treatments
  • Regulatory challenges and requirements for product approval
  • Potential risks and complications associated with plasma-derived therapy
  • High costs and economic constraints impacting healthcare expenditure
  • Uncertainties related to plasma donor availability and collectionMarket Key Trends
  1. Increasing adoption of plasma-derived therapy for the treatment of chronic diseases and rare conditions.
  2. Focus on the development of personalized plasma-derived products tailored to individual patient needs.
  3. Advancements in plasma collection and processing techniques, improving the safety and efficacy of plasma-derived products.
  4. Rising demand for biologics and immunoglobulins in the treatment of immune-related disorders.
  5. Integration of advanced technologies, such as genetic engineering and recombinant DNA technology, in the production of plasma-derived products.

Covid-19 Impact

The COVID-19 pandemic has had a significant impact on the global healthcare industry, including the market for plasma-derived therapy. The pandemic has increased the demand for plasma-derived products, particularly convalescent plasma, for the treatment of COVID-19 patients. However, the pandemic has also disrupted plasma collection and processing activities, leading to temporary supply chain disruptions. The long-term impact of COVID-19 on the market will depend on factors such as the duration of the pandemic, the availability of effective treatments and vaccines, and the recovery of healthcare systems.

Key Industry Developments

  1. Development of novel plasma-derived products with improved safety and efficacy profiles.
  2. Focus on research and development to expand the applications of plasma-derived therapy in different medical conditions.
  3. Collaboration between plasma product manufacturers, healthcare providers, and patient organizations to improve access to plasma-derived therapy.
  4. Investments in plasma collection centers and infrastructure to meet the growing demand for plasma-derived products.
  5. Advances in plasma fractionation technologies to enhance the purity and quality of plasma-derived products.

Analyst Suggestions

  1. Invest in research and development to develop innovative plasma-derived products for different medical conditions.
  2. Collaborate with healthcare providers and patient organizations to improve patient access to plasma-derived therapy.
  3. Focus on expanding market presence in emerging markets with a high burden of chronic diseases.
  4. Stay updated with regulatory requirements and ensure compliance for product approval and safety.
  5. Explore opportunities for technology integration, such as genetic engineering and recombinant DNA technology, to enhance the production of plasma-derived products.

Future Outlook

The global market for plasma-derived therapy is expected to witness steady growth in the future, driven by the increasing prevalence of chronic diseases, advancements in plasma collection and processing techniques, and the growing demand for biologics and immunoglobulins. The development of personalized plasma-derived products and the integration of advanced technologies will shape the future of the market. However, challenges such as stringent regulatory requirements, potential risks associated with plasma-derived therapy, and competition from alternative treatments need to be addressed. By focusing on research and development, collaboration, and market expansion, industry participants can navigate the dynamic market landscape and contribute to improving patient outcomes.

Conclusion

The global market for plasma-derived therapy is witnessing significant growth, driven by the increasing prevalence of chronic diseases and the demand for biologics and immunoglobulins. Plasma-derived products play a crucial role in therapeutic interventions, providing essential proteins, antibodies, and other bioactive substances for the treatment of various medical conditions. Industry participants and stakeholders have the opportunity to expand their product portfolios, collaborate with healthcare providers, and contribute to advancements in medical science. However, challenges such as stringent regulatory requirements, potential risks, and competition need to be addressed. By investing in research and development, collaboration, and market expansion strategies, industry players can capitalize on the opportunities presented by the growing demand for plasma-derived therapy and contribute to improving patient outcomes in healthcare.

Global Plasma Derived Therapy Market:

Segmentation Details
Product Type Immunoglobulins, Albumin, Clotting Factors, Others
Application Hemophilia, Primary Immunodeficiency Disorder, Others
End User Hospitals, Specialty Clinics, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Leading Companies in Global Plasma Derived Therapy Market:

  1. Takeda Pharmaceutical Company Limited
  2. CSL Behring LLC
  3. Grifols, S.A.
  4. Octapharma AG
  5. Kedrion Biopharma Inc.
  6. Biotest AG (China Biologic Products Holdings, Inc.)
  7. Sanquin Plasma Products B.V.
  8. China Biologic Products Holdings, Inc.
  9. Bio Products Laboratory Ltd. (Bio Products Laboratory Limited)
  10. LFB S.A. (Fresenius Kabi AG)

North America
o US
o Canada
o Mexico

Europe
o Germany
o Italy
o France
o UK
o Spain
o Denmark
o Sweden
o Austria
o Belgium
o Finland
o Turkey
o Poland
o Russia
o Greece
o Switzerland
o Netherlands
o Norway
o Portugal
o Rest of Europe

Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Kazakhstan
o Taiwan
o Vietnam
o Thailand
o Philippines
o Singapore
o Australia
o New Zealand
o Rest of Asia Pacific

South America
o Brazil
o Argentina
o Colombia
o Chile
o Peru
o Rest of South America

The Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Israel
o Kuwait
o Oman
o North Africa
o West Africa
o Rest of MEA

Important Questions Covered in this Study

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