The Global Blood Plasma Derivatives Market size is expected to reach $72.5 billion by 2028, rising at a market growth of 9.3% CAGR during the forecast period.
Blood plasma derivatives are specific protein concentrates extracted from plasma using a fractionation technique. Blood plasma derivatives include albumin, factor VIII, immunoglobulin, hyperimmune globulin, factor IX, and fresh frozen. They are commonly used to destroy viruses that trigger bleeding disorders, hepatitis B, hepatitis C, hemophilia A, immunodeficiency, hypogammaglobulinemia, hemophilia B, and human immunodeficiency virus because they are abundant in proteins, salts, minerals, hormones, vitamins, and protease inhibitors.
In addition, blood plasma derivatives aid in boosting nutrition, regulating body temperature and blood coagulation, maintaining osmotic pressure, improving respiration as well as excretion, and balancing acid-base levels. Blood Plasma Derivatives serve a crucial part in maintaining the body's normal pH balance and transferring nutrients. After fractionating blood plasma, these compounds are commonly utilized to treat a range of disorders. In hospitals, clinics, diagnostic facilities, and blood transfusion centers, blood plasma derivatives are widely preserved.
Plasma derivatives are generated by chromatographic as well as several other fractionation processes from human plasma. Additionally, certain proteins may be isolated from serum. Several plasma proteins (or their mutated variants) are also created utilizing recombinant DNA methods, in which the protein is synthesized by introducing a gene into an expression system.
Essentially, human blood derivatives are the most suitable growth supplement for hMSC development in vitro since they will avoid any infection and immunogenicity of animal origin and aid to create genetically and epigenetically healthy cells and tissue. The autologous serum is a replacement for FBS. It has been observed that autologous serum/plasma preserves the proliferative and differentiation potential of mesenchymal and bone marrow-derived stem cells and enhances cellular and genetic therapy.
The COVID-19 pandemic majorly impacted a number of industries all over the world. Various businesses, irrespective of their size, were majorly demolished as a result of the abrupt emergence of the pandemic. Moreover, governments throughout a number of countries were compelled to impose lockdowns within their countries in order to regulate the spread of the coronavirus, which led various economies to a steep downfall. The blood plasma derivative market was also impacted by the outbreak in the initial period as a number of research labs as well as academic institutions were turned into COVID research centers or vaccine manufacturing facilities. Due to this, a number of processes related to the development and application of blood plasma derivatives were hauled.
Hemophilia is a hereditary bleeding condition in which the blood fails to effectively clot due to a deficiency or reduction in a clotting factor protein. Hemophilia A, which is caused by a lack of clotting factor VIII, and hemophilia B, which is caused by a lack of clotting factor IX, are the most frequent kinds of hemophilia. Either kind can result in uncontrolled bleeding into organs, muscles, and joints, as well as chronic bleeding after traumas or surgery.
In every country throughout the world, the number of aging people is increasing at an alarming rate. According to the United Nations Organization, in 2020 there will be around 727 million individuals globally aged 65 or older. By 2050, its population is projected to more than triple to about 1.5 billion. The proportion of aged individuals in the global population is anticipated to rise from 9.3% in 2020 to 16.0% by 2050. By the middle of the 21st century, one in six individuals across the world will be 65 or older. The phenomenon of population aging refers to the increased incidence and proportion of aged people in the global population.
Since their emergence in the 1940s, proteins produced from human plasma have become vitally essential medicinal products. The technologies of molecular biology have given alternatives to the delivery of natural goods over the past two decades. Recombinant variants of Factor IX and Factor VIII are commercially accessible, and more plasma proteins are undergoing recombinant development. Additionally, genetic engineering gives the possibility to tweak a natural protein to increase its in vitro production efficiency or alter its therapeutic profile. More efficient production techniques, like transgenic animals or plants, may result in less expensive treatments as well as a greater supply of currently scarce items.
Based on Application, the Blood Plasma Derivatives Market is segregated into Hemophilia Hypogammaglobulinemia, Immunodeficiency Diseases, Von Willebrand’s Disease, and Other Application. In 2021, the others segment recorded a substantial revenue share of the blood plasma derivatives market. The growth of the segment is rising at a very rapid pace due to the rise in infectious illness incidence as well as the demand for plasma-derived products. There is a very big number of diseases that can affect people all over the world, however, can be treated by deploying blood plasma derivatives-based therapy and drugs.
By End-User, the Blood Plasma Derivatives Market is categorized into Hospitals, Clinics, and Other End Users. In 2021, the clinics segment registered a significant revenue share of the blood plasma derivatives market. There is a surge in the growth of the segment attributed to the number of clinics that are offering more advanced and enhanced patient experiences to their patients.
On the basis of Type, the Blood Plasma Derivatives Market is segmented into Albumin, Factor VIII, Factor IX, Immunoglobulin, Hyperimmune Globulin, and Others. In 2021, the immunoglobulin segment acquired the largest revenue share of the blood plasma derivatives market. Antibodies, also known as immunoglobulins, are large, Y-shaped proteins employed by the immune system to recognize and kill harmful bacteria and viruses. The antibody identifies an antigen, which is a unique molecule of the pathogen.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 39.3 Billion |
| Market size forecast in 2028 | USD 72.5 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 9.3% from 2022 to 2028 |
| Number of Pages | 232 |
| Number of Tables | 400 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, End User, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Region-Wise, the Blood Plasma Derivatives Market is North America, Europe, Asia-Pacific, and LAMEA. In 2021, North America accounted for the largest revenue share of the blood plasma derivatives market. The growth of the regional market is increasing owing to an increase in the number of approvals for plasma-derived products and an increase in the number of key players manufacturing plasma-derived products in the region.
Free Valuable Insights: Global Blood Plasma Derivatives Market size to reach USD 72.5 Billion by 2028
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bayer AG, Takeda Pharmaceutical Company Limited, Grifols, S.A., Biotest AG, LFB S.A., CSL Limited, Octapharma AG, Kedrion S.p.A, Sanofi S.A. and Fusion Health Care Pvt. Ltd.
By Application
By End User
By Type
By Geography
The global Blood Plasma Derivativest Market size is expected to reach $72.5 billion by 2028.
A Rise in The Prevalence of Hemophilia Throughout the World are driving the market in coming years, however, Availability of A Number of Affordable Alternatives to Blood Plasma restraints the growth of the market.
Bayer AG, Takeda Pharmaceutical Company Limited, Grifols, S.A., Biotest AG, LFB S.A., CSL Limited, Octapharma AG, Kedrion S.p.A, Sanofi S.A. and Fusion Health Care Pvt. Ltd.
The expected CAGR of the Blood Plasma Derivativest Market is 9.3% from 2022 to 2028.
The Hospitals market is generating high revenue in the Global Blood Plasma Derivatives Market by End User in 2021; thereby, achieving a market value of $41.8 Billion by 2028.
The North America market dominated the Global Blood Plasma Derivatives Market by Region in 2021; thereby, achieving a market value of $27.3 Billion by 2028.
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
