Report Ocean introduces a fresh report examining the “Blood Plasma Products Market” encompassing its size, share, growth, industry trends, and forecast up to 2030. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
The global blood plasma products market is projected to experience significant growth over the period of 2018-2023, with a forecasted CAGR of 6.8% and an expected reach of USD 28.5 Billion in 2023, up from USD 20.5 Billion in 2018.
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The market is being driven by the increasing demand for immunoglobulin for the treatment of immunodeficiency.
The blood plasma products market is segmented based on product types such as immunoglobulin, albumin, hyperimmune globulin, coagulation factor VIII, coagulation factor IX, and other plasma products. The market is also segmented based on end users such as hospitals, clinics, and other end users.
The immunoglobulin market has the highest market share, accounting for approximately 47% of the market, due to the growing incidence of immunological diseases coupled with the rise in the geriatric population. The albumin market share was 15.6% in 2018, driven by the rise in adoption of albumin in developing countries and an increase in awareness of recombinant albumin. However, post-operative risks associated with albumin-based therapy may hamper the market growth. The market share of hyperimmune globulin, coagulation factor VIII, and coagulation factor IX followed albumin in 2018.
The hospital segment dominated the market with a market share of ~82% in 2018. This is due to the increase in the number of hospitals in developing countries and the rise in awareness of diseases like hemophilia. It is followed by clinics with a market share of 14.1% in 2018, driven by the growing number of clinics, increase in awareness among patients regarding plasma products, and rise in the number of patients with blood and immunological disorders. Other end users, including research institutes, blood transfusion centers, and academic institutes, had the least market share in 2018.
North America is leading the blood plasma products market and occupied approximately 44.2% of the market in 2018. This is due to the rising incidence of hemophilia and rapid approval by the FDA for plasma products. Europe is likely to expand over the forecast period of 2018-2023, exhibiting a CAGR of 6.6%, due to easy access to high-quality plasma through the contributions of qualified donors. Asia-Pacific has a market share of 19.3% in 2018, with India and China as major contributors due to the large number of immunodeficient patients being treated in hospitals and clinics. The Latin America and Middle-East and Africa markets, still at nascent stages, will also experience high growth due to the growing prevalence of blood disorders.
The companies covered in this report include CSL Behring, Shire Plc, Grifols S.A., Octapharma AG, ADMA Biologics, and Kedrion Biopharma.
The report covers topics such as market opportunity, CAGR growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, and future forecasts.
The report also provides insights into the market size, Y-O-Y growth, market players analysis, and opportunity outlook for various 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 (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand.
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The report addresses the following key questions regarding the Blood Plasma Products market:
- What is the expected growth rate of the market in the upcoming years and what factors are driving this growth?
- How do consumers perceive and adopt different types of Blood Plasma Products in the market?
- How are regulatory policies and government initiatives impacting the growth of the Blood Plasma Products market?
- What is the market share of the top 5 players in the Blood Plasma Products market and how is it likely to change in the future?
- What are the latest technologies and innovations in the Blood Plasma Products market and how are they shaping the industry landscape?
- How do macroeconomic factors such as inflation, GDP, and exchange rates affect the Blood Plasma Products market?
- What are the challenges related to the supply chain and logistics that Blood Plasma Products market players face and how are they addressing them?
- How is the changing consumer behavior and preferences influencing the dynamics of the Blood Plasma Products market?
- What are the potential risks and uncertainties associated with investing in the Blood Plasma Products market, and how can they be mitigated?
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Blood Plasma Products market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Blood Plasma Products market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Blood Plasma Products market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Blood Plasma Products business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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