Plasma Protein Therapeutics Market to Grow with Increasing Targeted Diseases During the Forecast Period
Rapidly advancing medicinal projects are driving the growth in the global plasma protein therapeutics market in the forecast period.
According to TechSci Research report, “Global Plasma Protein Therapeutics Market By Product (Immunoglobulin, Albumin, Plasma Derived Clotting Factor, Fibrinogen, Others), By Application (Hemophilia, Primary Immunodeficiency Disorder (PID), Idiopathic Thrombocytopenic Purpura (ITP), Others), By End User (Hospitals, Research Laboratories and Institutions, Stand-Alone Blood Banks, Others), By Region, Competition Forecast & Opportunities, 2026”, the global plasma protein therapeutics market is anticipated to grow with an impressive CAGR in the forecast period, 2022-2026, on the account of increased demand of effective and efficient treatment therapeutics for the chronic diseases. Moreover, the demand for the treatment is fulfilled by the research and development carried out for the technologically advanced medicine, as well as advanced administrating devices that are influencing the growth of the market in the future five years. Government support to the research and development institutes, along with the favorable investment policies are driving the growth of the market in the future five years. Also, geriatric population is more susceptible to the cardiovascular as well as neurological diseases. Plasma protein therapeutics are widely used for the treatment of these diseases, thus increasing geriatric population is enhancing the chances of the market growth in the future.
Plasma protein therapeutics include biologic medicinal procedures that are used to treat a range of rare, life threatening, chronic and genetic diseases. These therapies are of various types like immunoglobulin therapy, albumin therapy, plasma derived clotting factor, fibrinogen, etc. All these therapies involve the extraction and separation of the required biomolecule from the blood plasma that is recovered from the already infected and cured patient. These biomolecules are efficiently responsible for the treatment of the respective chronic, targeted, and other threatening disorders.
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The global plasma protein therapeutics market is segmented by product, application, end user, competitional landscapes, and regional distribution. Based on application, the market is further bifurcated into hemophilia, primary immunodeficiency disorder (PID), idiopathic thrombocytopenic purpura (ITP), and others. Hemophilia is an inherited genetic disorder, that renders the human body’s ability to make blood clots and therefore is unable to stop bleedings in case of incision wounds, or any tearing and rupture of epidermal cells. Primary immunodeficiency disorder (PID) is anticipated to hold the largest shares of the market in the forecast years. The market segment is anticipated to dominate the market on the backbone of increased expansion of clinical application for immunoglobulins, approval of SCIGs, and high treatment costs. Primary immunodeficiency diseases include more than 200 rare, chronic diseases that result from a defect in the immune system. The surge in demand is due to these chronic diseases.
Companies holding major shares of the global plasma protein therapeutics market include CSL Behring LLC, Octapharma AG, Grifols S.A., Shire Plc, Bayer AG, Biotest AG, Kedrion S.P.A., China Biologics Products Holdings, Inc., Takeda Pharmaceutical Company Ltd., Baxter International Ltd., Bio Products Laboratory Ltd., ADMA Biologics, Inc., Pfizer Inc., Ferring BV, HEMA Biologics LLC, among others.
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“North America is the maximum potential market for the next five years with patient pool, availability of well-developed infrastructure for storing, and maintaining high-quality source plasma. Moreover, the healthcare industry in the region is of excellent quality and thereby the region is leading in terms of largest market for plasma protein therapeutic. Also, the FDA approvals, and research and development of the technologically advanced drugs is being carried out in the same region. Europe region is also expected to hold the significant share of the market owing to the number of market giants available in the region. Asia Pacific is anticipated to be of some significance owing to various research and developments being carried out. Moreover, the economies like China and India provide cheaper medical services thus, medical tourism might influence the market growth in the Asia Pacific region,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Global Plasma Protein Therapeutics Market, By Product (Immunoglobulin, Albumin, Plasma Derived Clotting Factor, Fibrinogen, Others), By Application (Hemophilia, Primary Immunodeficiency Disorder (PID), Idiopathic Thrombocytopenic Purpura (ITP), Others), By End User (Hospitals, Research Laboratories and Institutions, Stand-Alone Blood Banks, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global plasma protein therapeutics and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global plasma protein therapeutics market.
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