Global Blood Plasma Products Market: By Product Type (Albumin, Fresh Frozen Plasma (FFP), Immunoglobulin, Protease inhibitors, Others), By Application (Hematology, Hemato-oncology, Immunology, Rheumatology, Others), By End User (Hospitals, Clinical research laboratories, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global blood plasma products market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024
Market Outline: Blood Plasma Products Market
Blood plasma products are the liquid components of the blood that are extracted using a process called as fractionation. Blood Plasma plays a major role in the osmotic and electrolytic balance which helps in the prevention of the blood related disorders. Blood plasma is the composition of the water along with various components such as glucose, dissolved proteins, electrolytes, hormones and immunoglobulins. The demand for the plasma derived products is growing along with rising patient population. The inadequacy of the alternative treatment is providing opportunity to the vendors.
Market Dynamics: Blood Plasma Products Market
Increase in the prevalence of blood disorders is the major factor anticipating to drive the growth of blood plasma products market. According to the World Federation of Hemophilia, the number of people suffering from blood disorders are 304,362. The government initiatives and support from the non-profitable organizations adding the growth of the blood plasma products market. The awareness programs conducted by various government and private organizations to support the blood donation, which would meet the growing demand of the plasma is enhancing the growth of the market. The age related issues in the ageing population is also likely to enrich the growth of the blood plasma products market over the forecast period. However, the high cost involved in the treatment is likely to hinder the growth of the blood plasma products market. The stringent regulation on the import and export of the plasma products is also expected to hamper the growth of the market.
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Market Scope: Blood Plasma Products Market
Blood plasma products market is segmented based on the product type, application, and distribution channel
Based on the product type, the market is segmented into the following:
- Albumin
- Fresh Frozen Plasma (FFP)
- Immunoglobulin
- Protease inhibitors
- Others
Based on the application, the market is segmented into the following:
- Hematology
- Hemato-oncology
- Immunology
- Rheumatology
- Others
Based on the end user, the market is segmented into the following:
- Hospitals
- Clinical Research Laboratories
- Others
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Regional Analysis: Blood Plasma Products Market
Geographically, global blood plasma products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America blood plasma products market is growth driven by increase in the prevalence of various blood disorder. The growing geriatric population and deep-rooted healthcare infrastructure are adding fuel to the growth of the market in the region. The government policies supporting the healthcare is also enriching the growth of the market in this region. Following the region of North America are the regions of Europe and Asia Pacific. The Asia Pacific is expected to show significant growth over the forecast period owing to the rising population along with growing health disorders.
Competition Assessment: Blood Plasma Products Market
Some of the players in the global blood plasma products market include:
- China Biologic Products (China)
- Grifols (Spain)
- Shire (Ireland)
- Kedrion (Italy)
- Octapharma (Switzerland)
- Shanghai RAAS Blood Products (China)
- CSL (Australia)
- Bio Product Laboratory (UK)
Notable Market Developments: Blood Plasma Products Market
- In October 2017, China Biologic received approval for commercial manufacturing of human fibrinogen
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Key Features of the Report:
- The report covers exhaustive regional information, that includes North America (the USA and Canada), Europe (Germany, France, Italy, UK, Spain, Russia, Poland and Rest of Europe), Asia-Pacific (Japan, China, India, Australia & New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentian, Venezula, and Rest of Latin America), and Middle East and Africa (Gulf Cooperation Council (GCC) Countries, Israel, South Africa, and Rest of Middle East and Africa)
- The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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