Plasma Fractionation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Plasma Fractionation market is segmented by Product (Immunoglobulins, Platelets and Coagulation Factor Concentrates, Albumin, Other Products, Application, End-User, and Geography

Plasma Fractionation Market Snapshot

Plasma Fractionation Market CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8.76 %

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Market Overview

The Plasma Fractionation market studied is anticipated to grow with a CAGR of nearly 8.76%, during the forecast period. Certain factors that are driving the market growth include growing use of immunoglobulins in various therapeutic areas, rising geriatric population coupled with rise in prevalence of rare diseases, and increasing number of plasma collection centers across the globe.

The rise in the elderly population has led to the rise in demand for plasma fractionation. According to the Centers for Diseases Control and Prevention, the number of adults unable (or very difficult) to walk a mile was found to be around 17.1 million in 2016. As per the revised World Population Prospects, by the United Nations, the number of people aged 60 or above is expected to grow greater than double by 2050, i.e. from 962 million in 2017 to 2.1 billion in 2050, globally. This age group is highly vulnerable to different types of age-related diseases that require various plasma protein therapeutics.

Moreover, the increasing prevalence of debilitating neurological diseases, rheumatoid arthritis, and osteoarthritis has been contributing to the increased percentage of the population with a need for advanced therapeutics.

Scope of the Report

As per the scope, plasma fractionation is defined as the general process of separating the various components of blood plasma, which is a component of blood obtained via blood fractionation. Plasma contains a wide variety of proteins including immunoglobulins, albumin, and coagulation proteins.

By Product
Immunoglobulins
Platelets and Coagulation Factor Concentrates
Albumin
Other Products
By Application
Neurology
Immunology
Hematology
Other Applications
By End-User
Hospitals and Clinics
Clinical Research Laboratories
Other End-Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Albumin Shows Lucrative Growth Opportunity in the Global Plasma Fractionation Market

Human albumin (HA) is the most abundant circulating protein in the plasma of healthy individuals (3.5–5 g/dL). Albumin represents roughly 50% of the total protein content. HA is the main modulator of fluid distribution among the compartments of the body, providing approximately 70–80% of the total plasma oncotic pressure.

However, many other non-oncotic properties that are unrelated to the regulation of fluid compartmentalisation (and are mostly the result of the peculiar structure and conformation of the molecule) have been identified in the last two decades. Consequently, over the past decade, there has been an observed increment in the use of human albumin as a non-therapeutic material, specifically for commercial settings. A large number of biotech and biopharmaceutical firms are expected to develop recombinant versions of albumin to explore its potential in extending the half-life and stability to biologics and bio-similars. As of 2018, there were at least 15 products under clinical trial that involve the use of human albumin as an excipient (stabiliser and drug formulation).

In 2018, Grifols, one of the world's top three producers of plasma-derived medicines, conducted and successfully concluded the experimental phase of AMBAR (Alzheimer Management By Albumin Replacement) clinical trial.

Plasma Fractionation Market 1

North America Dominates the Global Plasma Fractionation Market

In the North American region, the United States accounted for the largest market share due to the rising geriatric population and various associated diseases. The Alzheimer's Association stated that around 5.8 million people in the United States are living with Alzheimer’s disease in 2018. This disease is the sixth leading cause of death in the United States and is more prevalent among people above 65 years of age, as approximately 5.6 million patients fall in this age bracket. With the baby-boom generation reaching around 65 years of age, this number is expected to reach 14 million, worsening the situation over the forecast period. By 2050, a new case of the disease is expected to develop every 33 seconds.

The major risk factor for most of the respiratory diseases is smoking. In 2016, more than 15 of every 100 US adults aged 18 years or older smoked cigarettes as per the estimates of Centre for Disease Control and Prevention (CDC). The cases of COPD is likely to increase in the US owing to higher smoking prevalence and aging populations in the country.  Furthermore, as per the estimates of American Academy of Allergy, Asthma & Immunology, in 2016, around 8.3% of children in the United States had asthma. Asthma is the most common chronic disease in children.

Plasma Fractionation Market 2

Competitive Landscape

The global Plasma Fractionation market is moderately competitive and consists of a number of major players. Companies like Bio Products Laboratory, Biotest AG, China Biologic Products, CSL Behring, Grifols S.A., Takeda Pharmaceutical Company Ltd, Kedrion S.p.A, Octapharma, Shanghai RAAS Blood Products, among others, hold the substantial market share in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Use of Immunoglobulins in Various Therapeutic Areas

      2. 4.2.2 Rising Geriatric Population coupled with Rise in Prevalence of Rare Diseases

      3. 4.2.3 Increasing Number of Plasma Collection Centers across the Globe

    3. 4.3 Market Restraints

      1. 4.3.1 Strict Regulations For the Handling of Plasma Protein Products

      2. 4.3.2 Emergence of Recombinant Alternatives

      3. 4.3.3 High Cost and Limited Reimbursement

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Immunoglobulins

      2. 5.1.2 Platelets and Coagulation Factor Concentrates

      3. 5.1.3 Albumin

      4. 5.1.4 Other Products

    2. 5.2 By Application

      1. 5.2.1 Neurology

      2. 5.2.2 Immunology

      3. 5.2.3 Hematology

      4. 5.2.4 Other Applications

    3. 5.3 By End-User

      1. 5.3.1 Hospitals and Clinics

      2. 5.3.2 Clinical Research Laboratories

      3. 5.3.3 Other End-Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Bio Products Laboratory

      2. 6.1.2 Biotest AG

      3. 6.1.3 China Biologic Products

      4. 6.1.4 CSL Behring

      5. 6.1.5 Grifols S.A.

      6. 6.1.6 Takeda Pharmaceutical Company Ltd

      7. 6.1.7 Kedrion S.p.A

      8. 6.1.8 Octapharma

      9. 6.1.9 Shanghai RAAS Blood Products

      10. 6.1.10 Sanquin

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Plasma Fractionation Market market is studied from 2018 - 2026.

The Plasma Fractionation Market is growing at a CAGR of 8.76% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

CSL Behring, Grifols S.A., Octapharma, Kedrion S.p.A, Biotest AG are the major companies operating in Plasma Fractionation Market.

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