Plasma Fractionation Market Robust Expansion is expected to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Plasma Fractionation Market- (By Product (Immune-Globulins(Intravenous Immune-Globulins, Subcutaneous Immune-Globulins, Other Immune-Globulins), Coagulation Factor Concentrates (Factor VIII, Factor IX, Von Willebrand Factor, Prothrombin Complex Concentrate, Fibrinogen Concentrates, Factor XIII, Others), Albumin, Protease Inhibitors, Other Plasma Products), By Application (Neurology, Immunology, Hematology, Critical Care, Pulmonology, Hemato-Oncology, Rheumatology, Others), By End-User (Hospitals & Clinics, Clinical Research Laboratories, Academic Institutes)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Plasma Fractionation Market is valued at US$ 3.89 Bn in 2022, and it is expected to reach US$ 8.96 Bn by 2031, with a CAGR of 9.83% during a forecast period of 2023-2031.

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Fractionation is the process of separating a specific amount of a mixture. Furthermore, plasma is a fluid component of blood that is fractionated to produce several plasma derivatives, such as albumin and immunoglobulins. These plasma-derived compounds have therapeutic properties and are used to treat a various blood plasma-related illness. The rise in the global elderly population, predisposed to several rare disorders that necessitate the usage of plasma derivatives, is a primary driver driving the expansion of plasma fractionation.

Furthermore, the increased use of immunoglobulins and alpha-1-antitrypsin in medical fields around the world is fueling the expansion of the plasma fractionation market. Furthermore, the increase in plasma collecting centres around the world is a crucial driver driving market expansion. Moreover, favourable government support to raise knowledge about the use of plasma-derived products drives the growth of the plasma fractionation market.

Prominent Players in the Plasma Fractionation Market:
• CSL (Australia)
• Takeda Pharmaceutical Company Limited (Japan)
• Grifols, S.A. (Spain)
• Octapharma AG (Switzerland)
• Kedrion S.P.A (Italy)
• LFB (France)
• ADMA Biologics (US)
• Sanquin (Netherlands)
• China Biologic Products Holdings Inc. (China)
• GC Pharma (Korea)
• Hualan Bioengineering Co., Ltd. (China)
• Japan Blood Products Organization (Japan)
• Emergent BioSolutions (US)
• Shanghai Raas Blood Products Co., Ltd. (China)
• Intas Pharmaceuticals Ltd. (India)
• Bharat Serum Vaccines Limited (India)
• SK Plasma (Korea)
• Sichuan Yuanda Shuyang Pharmaceutical Co., Ltd. (China)
• Kamada (Israel)
• Centurion Pharma (Istanbul)
• Prothya Biosolutions (Netherlands)
• PlasmaGen BioSciences Pvt. Ltd. (India)
• Virchow Biotech Private Limited (India)
• Fusion Healthcare (India)
• Hemarus Therapeutics Limited (India)
• Others

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Market Dynamics:
Drivers-
The rising prevalence of Immunodeficiency Disorders drives market expansion. The global need for plasma-derived medicines has increased significantly. Immunoglobulin demand increased significantly, resulting in favourable global market growth. In response to the growing demand for plasma-derived products, key market players have embarked on a number of R&D activities to bring new plasma-derived medicines to market. Furthermore, these main market participants were intensively focused on owning and acquiring new plasma collecting centres in order to streamline plasma availability for the development of new products. Furthermore, the increasing need is attributed to an increase in instances of various immunodeficiency illnesses worldwide.

Challenges:
The emergence of recombinant therapies as a viable alternative to plasma-derived medicines limits market growth. Many recombinant alternatives for various plasma-driven medicines have been developed in recent years. Recombinant products are utilized for prophylaxis and are less immunogenic than plasma-derived products. In addition to these, several other longer-acting replacement factors are in the works. The products offer substantial advantages, such as less frequent administration and greater efficacy in preventative use. The expanding use of recombinant components in preventative therapy is thus a major factor restricting the acceptance of plasma products.

Regional Trends:
The Asia Pacific Plasma Fractionation Market is expected to register a major market share in terms of revenue, and it is projected to grow at a high CAGR in the near future. Several reasons contribute to this region's significant market share. Major enterprises that develop and commercialize technologically advanced plasma-derived therapies and goods are among the factors that contribute to the region's success. Furthermore, North America is predicted to grow rapidly in the next years. Furthermore, the presence of the greatest number of plasma fractionation centres in the United States contributes significantly to market growth.

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Recent Developments:
• In March 2023, Takeda made an investment of 100 billion JPY in the establishment of a novel manufacturing facility in Japan, specifically dedicated to the production of plasma-derived medicines. The investment made by Takeda exemplified the company's dedication to prioritising patients and fulfilling its obligations in relation to its patient-centric, people-oriented, and environmentally conscious objectives. This approach was supported by the utilisation of data and digital technologies.
• In Dec 2022, CSL has recently inaugurated its Plasma Fractionation Facility in Victoria, Australia, which represents a significant milestone in the country's plasma manufacturing sector. With a staggering investment of $900 Bn, this state-of-the-art facility stands as the largest of its type in the Southern Hemisphere. The aforementioned statement pertains to a capital investment programme of over $2 billion that CSL is presently implementing in Australia.

Segmentation of Plasma Fractionation Market-

By Product-
• Immune-Globulins
o Intravenous Immune-Globulins
o Subcutaneous Immune-Globulins
o Other Immune-Globulins
• Coagulation Factor Concentrates
o Factor VIII
o Factor IX
o Von Willebrand Factor
o Prothrombin Complex Concentrate
o Fibrinogen Concentrates
o Factor XIII
o Others
• Albumin
• Protease Inhibitors
• Other Plasma Products

By Application-
• Neurology
• Immunology
• Hematology
• Critical Care
• Pulmonology
• Hemato-Oncology
• Rheumatology
• Others

By End-User-
• Hospitals & Clinics
• Clinical Research Laboratories
• Academic Institutes

By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.