Plasma Fractionation Market by Product, Application & End User - 2023

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The global plasma fractionation market is projected to reach USD 29.50 Billion by 2023 from USD 21.23 Billion in 2018, at a CAGR of 6.8%. Market growth can be attributed to factors such as the growing use of immunoglobulins in various therapeutic areas, rising geriatric population across the globe, growing prevalence of respiratory diseases and AATD driving the uptake of alpha-1-antitrypsin, and increase in plasma collection. However, the high cost & limited reimbursement policies and emergence of recombinant alternatives can hinder the growth of this market.
Rising new indications for plasma products, rising adoption of SCIg, increasing installation of fractionators in plasma collection centers, and the high growth of the plasma products market in China are the major trends in this market.
By application, the market is segmented into neurology, immunology, hematology, critical care, pulmonology, hemato-oncology, rheumatology, and other applications. The neurology segment accounted for the largest share of the plasma fractionation market in 2017. This can be mainly attributed to the better response of IVIG in a shorter period than steroids or oral immunosuppressants, increasing applications of immunoglobulins in various disorders of peripheral and central nervous systems, increasing prevalence of neurological diseases, and increasing geriatric population.
Geographic Anaysis: 
Geographically, the global plasma fractionation market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East and Africa. In 2017, North America accounted for the largest share of this market. North America’s prominence in this market is mainly attributed to the increasing use of immunoglobulins in neurological diseases and increasing use of prophylaxis treatments for diagnosed patients. In addition, the rising number of registered hemophilic patients is also propelling the growth of this market.
Know More: https://www.marketsandmarkets.com/Market-Reports/plasma-fractionation-market-93798284.html
 

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