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(MoneyNewsWire.Net, January 17, 2018 ) According to the report Global Plasma Fractionation Market, published by Market Data Forecast, the market is projected to reach USD 27.46 billion by 2021, at a CAGR of 7.2%.
Plasma constitutes about 55% blood by volume and carries more than a thousand proteins and other substances like electrolytes, hormones which are required for the optimal function of the human body and hence is an important component of blood. Albumin is one of the major proteins which constitutes around 60 % of the total protein in the plasma. In plasma fractionation blood is split into its constituents of the plasma and RBCs, WBCs and platelets.
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Plasma Fractionation Market: Drivers & Restraints
The growth of the Global Plasma Fractionation industry is mainly driven by rising cases of immune and bleeding disorders, growing incidence of Alpha-1 Antitrypsin deficiency and the increasing use of immunoglobulin. Also increasing aging population with blood related diseases is boosting the growth of Global Plasma Fractionation market. As for the restraints of the market, High Costs and reimbursement issues are the major hindrances limiting the growth of this industry.
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Plasma Fractionation Market: Segmentation
By Product
Fractionation Process
Immunoglobulin
Coagulation Factor Concentrates
Albumin
Protease Inhibitors
By Application
Neurology
Immunology
Hematology
Critical Care
Pulmonology
Hemato-Oncology
Rheumatology
By End Users
Hospitals
Clinical Laboratories
Academic Institutes
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Plasma Fractionation Market: Overview
Among the product segment immunoglobin is expected to have the major share in the market in 2016 because of factors like increase in neurological and immunology diseases, growing off-label indications of intravenous immunoglobulin, and increased use of subcutaneous immunoglobulin due to its ease of administration and reduced administration time.
Plasma Fractionation Market: Region-wise Outlook
Based on Geography the Global Plasma Fractionation market is segmented into North America, Global, Asia-Pacific, Latin America and Middle-East & Africa. North America leads the market due to of presence of high number of registered haemophilic patients and growing use of immunoglobulins in neurologic disorders. Europe has the second largest market. Asia Pacific is expected to have highest CAGR owing to huge population.
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Plasma Fractionation Market: Key Players
Some of the key players in the Global Plasma Fractionation market are Baxalta Incorporated (U.S.), Octapharma AG (Switzerland), Kedrion S.p.A (Italy), Bio Products Laboratory (U.K.), Sanquin (Netherland), CSL Ltd. (Australia), Grifols S.A (Spain), China Biologic Products, Inc. (China), Biotest AG (Germany), and Laboratoire Français du Fractionnement et des Biotechnologies (France).
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