What is the global market size of Plasma Fractionation Market?

Plasma Fractionation Market size was valued at USD 28.50 billion in 2021 and is poised to grow from USD 30.87 billion in 2022 to USD 58.24 billion by 2030, at a CAGR of 8.3% during the forecast period (2023-2030).

Global Plasma Fractionation Market Size, Share, Growth Analysis, By Product(Albumin, Immunoglobulins), By Method(Centrifugation, Depth Filtration), By Application(Neurology, Hematology), By End Use(Hospitals & Clinics, Clinical Research and Others) - Industry Forecast 2024-2031

Report ID: SQMIG35H2165 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 119 | Figures: 77

Global Plasma Fractionation Market Regional Insights

North America has a 53.93% share of the regional market, dominating it. This is a result of both an increase in the prevalence of respiratory illnesses and growing knowledge of the many benefits of plasma among North American citizens. The expansion of the regional market is further aided by the existence of key players, an increase in the quantity of plasma collection facilities, a rise in the consumption of plasma collections and distribution of immunoglobulin, and the availability of plasma.

Asia Pacific is expanding as a result of tighter government regulations, favorable public and private funding for R&D, increased antibody usage, rising incidence of targeted illnesses among older people in blood-related diseases, and rising acceptance of plasma-based treatments.

Global Plasma Fractionation Market Report Snapshots

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Global Plasma Fractionation Market size was valued at around USD 30.87 billion in 2022 and is expected to rise from USD 33.43 billion in 2023 to reach a value of USD 63.27 billion by 2031, at a CAGR of 8.3% over the forecast period (2024–2031).

To improve their market position, key companies in this market are using a variety of strategies, such as alliances through mergers and acquisitions, geographic expansion, and strategic collaborations. For instance, Terumo Blood and Cell Technologies debuted its most recent production plant in May 2022 in Douglas County, Colorado. The modern production plant, which cost USD $250 million, is in line with the company's goals of improving society via healthcare and serving more people. The 170,000 square foot facility will provide one-time use collection sets for the recently FDA authorized Rika Plasma Donation System, which will give clients (Rika) access to source plasma collections. 'CSL Behring', 'Grifols', 'Octapharma', 'Baxalta/Shire', 'Kedrion', 'China Biologic Products Holdings', 'Sanquin', 'Bio Products Laboratory', 'Japan Blood Products Organization', 'LFB Group', 'Shanghai RAAS Blood Products', 'Green Cross Corporation', 'Baxter International Inc.', 'Takeda Pharmaceutical Company Limited', 'Beijing Tiantan Biological Products', 'Biotest AG', 'China National Pharmaceutical Group Co. (Sinopharm)', 'GC Pharma', 'ADMA Biologics', 'Emergent BioSolutions'

The aging population is another major driver of the plasma fractionation market. As people age, they are more likely to develop chronic diseases and require medical treatments, including plasma-derived products.

Growing Demand for Immunoglobulins: The demand for immunoglobulins is increasing due to their use in the treatment of immune deficiencies and autoimmune diseases. As a result, there has been a significant increase in the production and use of immunoglobulins, which is driving market growth.

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Global Plasma Fractionation Market Size, Share, Growth Analysis, By Product(Albumin, Immunoglobulins), By Method(Centrifugation, Depth Filtration), By Application(Neurology, Hematology), By End Use(Hospitals & Clinics, Clinical Research and Others) - Industry Forecast 2024-2031

Global Plasma Fractionation Market Regional Insights

Global Plasma Fractionation Market Report Snapshots

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