Global Plasma Protein Therapeutic Market Will Reach Around $31.72 Billion by 2024: Zion Market Research
New York, NY, Sept. 04, 2018 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Plasma Protein Therapeutic Market by Product Type (Coagulation Factors, Immunoglobulin, Alpha-1 Proteinase Inhibitor, and Albumin), by Application (Hemophilia, Primary Immunodeficiency Disorder, Idiopathic Thrombocytopenic Purpura, Secondary Immunodeficiency, Hereditary Angioedema, and Other Indications), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global plasma protein therapeutic market was valued at approximately USD 19.42 billion in 2017 and is expected to generate revenue of around USD 31.72 billion by end of 2024, growing at a CAGR of around 7.33% between 2018 and 2024.
Plasma can be defined as a clear, straw-colored fluid part of the blood which residue after red platelets, blood cells, white blood cells and other cellular components are eliminated. Various proteins are present in the human blood. A mixture of lipoproteins, simple proteins, glycoprotein’s, and other conjugated proteins are called plasma proteins. Plasma protein therapy is an inimitable biological medicine, it has a biochemical profile because of which it differs in processing and production methods and is used to treat various genetic, life-threatening chronic, and rare diseases. These plasma proteins play a vital function in blood clotting and also provide immunity against diseases.
Browse through 54 Tables & 12 Figures spread over 110 Pages and in-depth TOC on “Global Plasma Protein Therapeutic Market: By Product Type, Size, Share, Applications, Analysis and Forecast, 2017 – 2024”.
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The major driver of global plasma protein therapeutic market is the growing usage of the plasma proteins derived medicines worldwide. Introduction of new plasma-derived therapies is another major driving factor of the market. However, execution of stringent regulatory policies and issues pertaining to reimbursements can create restraints to the plasma protein therapeutic market which may limit the growth of the market. Additionally, present complexity in biologics manufacturing is also expected to create threats for the market.
The plasma protein therapeutic is segmented on the basis of product type which is further divided into coagulation factors, immunoglobulin, alpha-1 proteinase inhibitor, and albumin. On the basis of applications, plasma protein therapeutic is segmented as hemophilia, primary immunodeficiency disorder, idiopathic thrombocytopenic purpura, secondary immunodeficiency, hereditary angioedema, and other indications. To enhance the aesthetic beauty and growth in preference for minimally-invasive procedures has increased the demand for the plasma protein therapeutics which majorly drives the market growth.
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North America is a developed market for plasma protein therapeutic and is anticipated to see quick growth in the future. As per the Plasma Protein Therapy Association (PPTA), it is projected that this region acquired nearly 40% of the market share in 2013.
Followed by North America, Europe was one of the leading regional markets and is expected to show significant growth in the years to come. In Europe, plasma protein therapeutics products are considered as non-prescription products which allow the widespread use of them.
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Growth in Asia Pacific plasma protein therapeutic market is expected to be driven by the increasing awareness about blood donations.
In the Middle East & Africa region, the market is likely to register a modest growth rate due to lack of awareness. Latin America is considered as an important regional market and is projected to experience sensible growth over the forecast period. Thus, all the above-stated parameters are likely to push the market growth in the future.
Browse the full “Plasma Protein Therapeutic Market by Product Type (Coagulation Factors, Immunoglobulin, Alpha-1 Proteinase Inhibitor, and Albumin), by Application (Hemophilia, Primary Immunodeficiency Disorder, Idiopathic Thrombocytopenic Purpura, Secondary Immunodeficiency, Hereditary Angioedema, and Other Indications), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024” report at https://www.zionmarketresearch.com/report/plasma-protein-therapeutic-market
Some of the key players in the plasma protein therapeutic market include Octapharma, CSL limited, Baxter, Telecris, Grifols, LFB Group, Kedrion, and Chengdu Inst; Japan Red Cross, Shanghai Blood Institute, BPL Group, and Sanquin are some of the nonprofit organizations which also are playing an important role in plasma protein therapeutic market.
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This report segments the global plasma protein therapeutic market is as follows:
Global Plasma Protein Therapeutic Market: by Product Type
- Coagulation factors
- Immunoglobulin
- Alpha-1 proteinase inhibitor
- Albumin
Global Plasma Protein Therapeutic Market: by Application
- Hemophilia
- Primary immunodeficiency disorder
- Idiopathic Thrombocytopenic Purpura
- Secondary immunodeficiency
- Hereditary Angioedema
- Other indications
Global Plasma Protein Therapeutic Market: by Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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