Plasma Protein Therapeutics Market Is Projected to Expand At A CAGR Of 6.5% Between 2023 And 2031. A variety of life-threatening & chronic disorders such as hematological diseases, immune deficiencies, genetic diseases, neurological disorders among others are treated with plasma proteins. The different clinical responses of plasma proteins are due to its unique biochemical profile, and variances in production & processing technologies. Recent developments observed in plasma protein therapeutics industry are satisfactory and ground breaking, especially recently approved recombinant protein therapeutics which caters several clinical indications such as autoimmune diseases, cancers, infectious diseases and genetic disorders. These developments in plasma protein therapeutics technologies have allowed industry players to use maximum potential of proteins in therapeutics by equivalently maintaining product safety and efficacy. The key factors driving this market are huge applications of immunoglobulins and albumin, catering wide range of diseases, rising investment in research and development of novel plasma protein-based drugs and increasing off-label use of immunoglobulins.
Global regulatory framework is evolving day by day with incessant development of novel technologies in biopharmaceutical industry. In case of plasma protein therapeutics improved versions of current therapies are being introduced that are mainly attained through enhanced drug targeting and enhancement in functionality and potency. Thus, plasma protein therapeutics market is expected to experience tremendous growth in the near future.
North America was observed as the largest plasma protein therapeutics market due rising prevalence of chronic diseases, high acceptance & accessibility towards novel drug therapy, and mounting investments in R&D of plasma proteins therapeutics. Asia Pacific was observed as the fastest growing plasma protein therapeutics market due to rising demand for novel therapeutics, developing healthcare infrastructure, and rising prevalence of cancer and autoimmune diseases.
New plasma-derived therapies entering market is on rise which is the major factor assisting the overall market growth. On the other hand, major market restraints include stringent regulatory policies, evolving reimbursement policies for developing plasma protein therapeutics industry, and intricacy in manufacturing.
Key players identified for plasma protein therapeutics market includes:
Baxter International, Biotests, CSL Behring, GRIFOLS, S.A, Kedrion, Octapharma USA, Inc., Shire Plc., China Biologics and Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Plasma Protein Therapeutics market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report