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Plasma Fractionation Market Analysis 2019 by Top Key Players, Growth Drivers, Segmentation and Forecast by 2024

Plasma Fractionation Market Analysis 2019 by Top Key Players, Growth Drivers, Segmentation and Forecast by 2024

 

 
Plasma fractionation is a method used for segregating plasma into its different components. Proteins present in plasma are mainly used for therapeutic purposes in the treatment of various diseases. Factors primarily responsible for the growth of the global plasma fractionation market are increased prevalence of rare diseases, surge in geriatric population, and growing use of immunoglobulins in different therapeutic domains.

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The major growth driver for the plasma fractionation industry is the rising number of patients suffering from rare autoimmune diseases. According to the facts stated by National Institute of Environmental Health Sciences (NIEHS) in 2018, rare autoimmune diseases affect more than 23.5 million people in the U.S. Moreover, NIEHS also supports various clinical research institutes on how immunity and environmental factors work together to compromise the body’s ability to defend itself, and develop into autoimmune diseases. For instance, National Toxicology Program (NTP) by NIEHS is involved in researching on the link between genetic predisposition and environmental triggers.

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Rising prevalence rate of immunodeficiency diseases also serves as a key driving factor for the plasma fractionation market growth. PIDD, multiple sclerosis, and immune thrombocytopenia purpura (ITP) are some of the examples of rare immune diseases that have high prevalence rate, globally. According to the reports by Immune Deficiency Foundation (IDF), in 2018, there were approximately 250,000 people diagnosed with PIDD.

Key market players are focusing on the development of highly improved and technologically advanced products, to increase their share in the global plasma fractionation market. For instance, in December 2018, Novo Nordisk attained U.S. Food and Drug Administration (USFDA) approval for Novoeight, a drug manufactured by plasma fractionation method. This drug is used to treat patients suffering from hemophilia A.

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Some of the other players operating in the plasma fractionation industry are CSL Behring, Japan Blood Products Organization, Green Cross Corp., Bio Product Laboratory Ltd., Octapharma AG, Kedrion S.p.A., and Grifols International S.A.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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