Report Ocean introduces a fresh report examining the ‘Blood Plasma Products Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Blood Plasma Products Market, which includes a full table of contents, over 120 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
The global blood plasma products market is anticipated to exhibit a Compound Annual Growth Rate (CAGR) of 6.8%, reaching a valuation of USD 28.5 billion in 2023, up from USD 20.5 billion in 2018.
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This growth is primarily driven by the increasing demand for immunoglobulin, used in the treatment of immunodeficiency disorders. The market for blood plasma products is segmented based on product types, including immunoglobulin, albumin, hyperimmune globulin, coagulation factor VIII, coagulation factor IX, and other plasma products. Furthermore, the market is categorized by end users, such as hospitals, clinics, and other institutions. Key trends in the market include advancements in technology at plasma collection centers for efficient plasma collection and patient history recording, as well as the adoption of dried plasma to reduce cold chain requirements, which are expected to bolster market growth.
Segmentation Based on Product Types
Among product types, the immunoglobulin market holds the largest market share, accounting for approximately 47% of the market. This dominance is attributed to the growing incidence of immunological diseases, coupled with an aging population. Albumin accounts for a market share of 15.6% in 2018, driven by increased adoption in developing countries and heightened awareness of recombinant albumin. However, the market for albumin-based therapy faces challenges due to post-operative risks associated with its use. Following albumin, hyperimmune globulin, coagulation factor VIII, and coagulation factor IX hold significant market shares in 2018.
Segmentation Based on End Users
In terms of end users, hospitals dominate the market, commanding a market share of approximately 82% in 2018. This is attributed to the increasing number of hospitals in developing countries and growing awareness of diseases like hemophilia. Clinics hold a market share of 14.1% in 2018, driven by the rising number of clinics, increased patient awareness regarding plasma products, and a growing patient population with blood and immunological disorders. Other end users, including research institutes, blood transfusion centers, and academic institutions, have a smaller market share in 2018.
Regional Insights
North America leads the global blood plasma products market, accounting for approximately 44.2% of the market share in 2018. This leadership is attributed to the rising incidence of hemophilia and swift FDA approvals for plasma products. Europe is expected to exhibit a CAGR of 6.6% over the forecast period (2018-2023) due to easy access to high-quality plasma from qualified donors. Asia-Pacific holds a market share of 19.3% in 2018, with India and China being major contributors due to the large number of immunodeficient patients seeking treatment in hospitals and clinics. While Latin America and the Middle East and Africa markets are in nascent stages, they are expected to experience substantial growth due to the increasing prevalence of blood disorders.
Key Companies in the Market
Key companies operating in the global blood plasma products market include:
- CSL Behring
- Shire Plc
- Grifols S.A.
- Octapharma AG
- ADMA Biologics
- Kedrion Biopharma
The comprehensive report further explores market opportunities, CAGR growth rates, competition, technological innovations, analysis of market players, government regulations, and export and import trends across regions and countries, including:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Nordic countries, Ireland, Switzerland, Austria, Poland, Turkey, Russia, and the rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, and the rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC countries, North Africa, South Africa, and the rest of Middle East and Africa)
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Comprehensive Market Insights: Delve into the depths of the Blood Plasma Products Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Blood Plasma Products market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
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Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Blood Plasma Products market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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