NEW YORK, United States, Aug. 08, 2022 (GLOBE NEWSWIRE) -- According toFacts and Factors has published a new research report titled “Blood Plasma Fractionation Market Size, Share, Growth Analysis Report By Product (Albumin, Immunoglobulin, Coagulation Factors, Protease Inhibitors, Others), By Application (Immunology & Neurology, Hematology, Critical Care, Pulmonology, & Others), By End-User (Hospitals & Clinics, Research Laboratories, & Academic Institutes), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028” in its research database.

“According to the latest research study, the demand of global Blood Plasma Fractionation Market size & share in terms of revenue was worth of USD 28.1 billion in 2021 and it is expected to surpass around USD 39.2 billion mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 5.70% during the forecast period 2022 to 2028.”

What is Blood Plasma Fractionation? How big is the Blood Plasma Fractionation Industry?

Market Overview:

Products made from blood plasma fractionation that have therapeutic properties are used to treat a variety of illnesses. For instance, haemophilia is treated and prevented using coagulation factor VIII, a plasma derivative. It is used to stop excessive blood loss during surgery. Immune deficiencies, both primary and secondary, are treated using immunoglobulins. One of the main factors driving the growth of the blood plasma fractionation market is the rise in the number of elderly people around the world, who are more prone to rare disorders that call for the usage of plasma derivatives.

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Report Scope

Report Attribute Details
Market Size in 2021 USD 28.1 Billion
Projected Market Size in 2028 USD 39.2 Billion
CAGR Growth Rate 5.70% CAGR
Base Year 2021
Forecast Years 2022-2028
Key Market Players CSL (Australia), Grifols, S.A. (Spain), Shire (U.S.), Octapharma AG (Switzerland), (China), KabaFusion, Kedrion S.P.A (Italy), Japan Blood Products Organization (Japan), Emergent BioSolutions (U.S.), LFB (France), Biotest AG (Germany), Sanquin (Netherlands), and Others
Key Segment By Product, Application, End-user, and Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Market Dynamics

Owing to the rise in demand for Blood Plasma Fractionation, the Global Blood Plasma Fractionation Market is estimated to grow at a CAGR of 5.70% during the forecast period.

The increased use of immunoglobulins and alpha-1-antitrypsin in various fields of medicine around the world also contributes to the market's expansion for blood plasma fractionation. Increasing numbers of plasma collection facilities around the world are a significant component of the market's expansion. The expansion of the blood plasma fractionation market is also fuelled by favorable government support for raising awareness about the use of plasma-derived products. The growth potential of emerging economies is anticipated to produce profitable chances for market expansion. The expensive cost of products made from plasma limits market expansion.

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Blood Plasma Fractionation Market: COVID-19 Impact Analysis

Because of the COVID-19 outbreak, researchers have been treating people with plasma to see if it helps. In the early stages of the pandemic, when there was no specific medicine or vaccine for the illness, people who were sick were given blood plasma to help them get better. Plasma therapy has not yet been approved by the FDA in the United States as a way to treat COVID-19. Still, the positive results of plasma therapy in treating and managing the disease will help the plasma fractionation business grow in a way that is good for business.

Blood Plasma Fractionation Market: Segmentation Analysis

The Global Blood Plasma FractionationMarket is segregated based on product, application, end-user, and region. Based on product, the market is categorized into Albumin, Immunoglobulin, Coagulation Factors, Protease Inhibitors, and Others. Among these, the immunoglobulin segment will dominate the market in 2021. Based on application, the market is classified into Immunology & Neurology, Hematology, Critical Care, Pulmonology, & Others. Over the forecast period, the immunology & neurology segment is expected to develop at the fastest rate in 2021. Based on end-user, the market is classified into Hospitals & Clinics, Research Laboratories, & Academic Institutes. The hospitals & clinics segment will dominate the market in 2021.

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Competitive Landscape

Some of the main competitors dominating the global Blood Plasma Fractionation market include - 

Key Insights from Primary Research:

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Regional Dominance:

North America dominates the Global Blood Plasma Fractionation Market because of its well-established healthcare industry in 2021. The supremacy is due to a combination of a highly established infrastructure and an increase in research and development in the area. It is anticipated that favorable government regulations and recently FDA-approved medicines would further accelerate market expansion. In 2021, the Asia Pacific Blood Plasma Fractionation Market is expected to be the fastest-growing regional market.

Rising consumption of plasma-derived products, strategic developments made by regional businesses, the presence of top players, contract fractionation agreements between nations, and initiatives to expand the use of plasma and its fractionation are the main factors propelling the growth of the Asia Pacific blood plasma fractionation market. The market for plasma fractionation in the region is anticipated to increase due to a surge in leading manufacturers' attention to increasing their geographic presence in developing Asia-Pacific nations to secure a significant market share.

Recent Developments

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The global Blood Plasma Fractionation market is segmented as follows:

By Product

By Application

By End-user

By Region

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