The global Plasma Fractionation market size was valued at USD 26.2 billion in 2023, driven by the growing demand for plasma-derived therapies across the globe. The market size is anticipated to grow at a CAGR of 6.7% during the forecast period of 2024-2032 to achieve a value of USD 47 billion by 2032.
Plasma Fractionation: Introduction
Plasma fractionation is a medical process that involves separating and collecting different components of blood plasma, such as proteins and clotting factors. This intricate process typically takes place in specialized facilities called fractionation plants. Through techniques like centrifugation and filtration, plasma fractionation isolates valuable components like immunoglobulins, albumin, and clotting factors. These isolated fractions can be utilized for various medical purposes, including the treatment of immune deficiencies, coagulation disorders, and certain autoimmune conditions. Plasma fractionation plays a vital role in producing therapeutic products that contribute to medical treatments and interventions.
Key Trends in the Global Plasma Fractionation Market
The demand for plasma-derived medicinal products (PDMPs) is escalating, driven by factors such as an aging population and an increased incidence of immune disorders. Technological advancements in plasma fractionation processes are enhancing efficiency, and ensuring the production of high-quality plasma-derived products. The prevalence of rare diseases is growing, contributing to the expanding indications for existing products and the development of novel therapies.
Efforts to ensure a stable and safe plasma supply are underway globally, with a focus on increasing plasma collection through voluntary and paid donation centers. Regulatory changes and compliance remain critical considerations, with companies navigating evolving standards and securing approvals for new products and processes. Strategic collaborations and partnerships are on the rise as companies seek to strengthen their market positions, expand product portfolios, and leverage complementary capabilities.
The plasma fractionation industry is witnessing increased globalization, with companies expanding their presence in emerging markets to address the growing demand for plasma-derived products. Market players are actively engaging in mergers, collaborations, and partnerships to navigate challenges and capitalize on emerging opportunities. The sector’s current landscape is marked by a dynamic interplay of regulatory compliance, technological innovation, and strategic maneuvers, reflecting the evolving nature of the healthcare and biopharmaceutical industries.
Global Plasma Fractionation Market Segmentation
Market Breakup by Product
- Immunoglobulins
- Coagulation Factor Concentrates
- Albumin
- Protease Inhibitor
- Others
Market Breakup by Method
- Centrifugation
- Depth Filtration
- Chromatography
- Others
Market Breakup by Application
- Neurology
- Hematology
- Oncology
- Immunology
- Pulmonology
- Others
Market Breakup by End User
- Hospitals and Clinics
- Clinical Research Laboratories
- Academic Institutes
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Plasma Fractionation Market Overview
In North America, particularly the United States and Canada, the plasma fractionation market is well-established. The region experiences a high demand for plasma-derived products owing to a sizable patient population, a robust healthcare infrastructure, and heightened awareness of therapeutic applications. Stringent regulatory standards for plasma collection and fractionation ensure the safety and quality of the products.
Europe remains a significant player in the global plasma fractionation market, with countries such as Germany, the United Kingdom, and France contributing significantly. Well-developed healthcare systems in these regions fuel demand for plasma-derived products. Regulatory bodies, such as the European Medicines Agency (EMA), continue to set high standards for the safety and efficacy of plasma-derived therapies.
The Asia-Pacific region is experiencing substantial growth in the plasma fractionation market. Countries like China, India, Japan, and South Korea contribute to this growth with increased healthcare expenditure, a rising prevalence of rare diseases, and improving healthcare infrastructure. Local regulatory frameworks are evolving to meet the growing demand for plasma-derived therapies.
Latin America is emerging as a market with untapped potential. Countries such as Brazil and Mexico are witnessing growing awareness of plasma-derived products, although challenges related to healthcare infrastructure and regulatory frameworks persist.
In the Middle East and Africa, the plasma fractionation market is in a developmental phase. Challenges related to limited healthcare access and economic conditions influence the market dynamics. Efforts are underway to enhance healthcare infrastructure and regulatory frameworks to support market growth.
Global Plasma Fractionation Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- CSL Plasma LLC
- Grifols, S.A.
- Takeda Pharmaceutical Company Limited
- Biotest Group
- Baxter International Inc.
- OCTAPHARMA AG
- KEDRION S.P.A
- LFB S.A.
- BIOTEST AG
- SANQUIN
- BIO PRODUCTS LABORATORY LTD.
- INTAS PHARMACEUTICALS LTD.
- GC Pharma
- Emergent Biosolutions
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