Every day we come to know about a new disease, whether it be an acute or serious life-threatening disease. Over 200+ life-threatening diseases are affecting our immune or neurological systems such as multifocal motor neuropathy (MMN), chronic inflammatory demyelinating polyneuropathy (CIPD), idiopathic thrombocytopenic purpura (ITP), and other infectious diseases including tetanus, rabies, A&B, and varicella. COVID-19 with its multiple variants is a serious life-threatening disease.
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In such situations, Plasma-derived therapies are boon for the medical industry. These are the treatments derived from human plasma. The relevant protein in plasma is separated in the fractionation process that enables the production of therapies to treat specific diseases and conditions. These therapies are unique, biological medicines, vs chemical medicines, as the production begins from the biological starting material – plasma itself. Technological advancements, improved standard of living, better access to medicines in emerging markets, an aging population, the increasing prevalence of autoimmune disorders and the rise in the geriatric population Rise in demand for advanced treatments across the world and medicinal use in new indications are likely to drive the plasma protein therapeutics market.
While on the other hand stringent regulations, diagnosis rates, reimbursement issues, public awareness and the high price of the biological proves hindrances to the growth of the market. But, despite these many barriers plasma protein therapeutics market is forecasted to witness tremendous growth over the next few years. Due to the development of novel products offering clinical benefits such as easy sample plasma extraction technique, increase in awareness, and ease of regulations.
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By Therapies, the Immunoglobulin segment is forecasted to witness growth at the fastest rate for The Global Plasma Protein Therapeutics Market
Immunoglobulins are proteins (also known as antibodies) that are made by B cells and plasma cells which help the body fight against infection. Immunoglobulins are the primary product derived from the plasma, which contains antibodies against a variety of bacterial and viral agents. Due to this Immunoglobulins segment dominate the market and is expected to increase further.
Asia Pacific Region to witness fastest growth for this market Over the Forecast Period (2022 – 2030) in The Global Plasma Protein Therapeutics Market
The country of Asia Pacific will generate major amount of revenue for this market over the forecast period. Medical research is continuous process and countries like India, China and South Korea are heavily investing to better their health infrastructure. India and China saw huge loss of population in the times of COVID-19 pandemic, and this is why they are prepping to be ready for any future calamity. These two countries are also a very big market courtesy of their population. Favourable trade policies provides an opportunity to multinational companies and this will also contribute to the growth of this market.
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Some of the major players operating in the global plasma protein therapeutics market are listed below:
- ADMA biologics, Inc.
- Baxter International
- China Biologics
- GRIFOLS, S.A.
- Octapharma USA, Inc.
- Takeda Pharmaceutical Company Ltd
- Other Market Participants
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Global Plasma Protein Therapeutics Market Segmentation
Global plasma protein therapeutics market has been segmented by therapies, indication, and end-user and region, which is further bifurcated into countries:
Global Plasma Protein Therapeutics Market Therapies Outlook (Revenue, USD Million, 2015 - 2030)
- C1 esterase Inhibitors
- Alpha-1 Proteinase Inhibitors
- Coagulation Factors
Global Plasma Protein Therapeutics Market Indication Outlook (Revenue, USD Million, 2015 - 2030)
- Alpha-1 Antitrypsin Deficiency
- Hereditary Angioedema
- Hemophilia A
- Hemophilia B
- Primary Immunodeficiency Disorder
- Antithrombin III Deficiency
- Chronic Inflammatory Demyelinating Polyneuropathy (CIDP)
- Idiopathic Thrombocytopenic Purpura (ITP)
Global Plasma Protein Therapeutics Market End User Outlook (Revenue, USD Million, 2015 - 2030)
- Research Laboratories and Institutions
- Blood Banks
Global Plasma Protein Therapeutics Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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