In the year 2018 Global Plasma Protein Therapeutics Market was valued at USD 23935.47 Million. By the year 2023, it is predicted to reach USD 36777.04 Million with pace of 8.97% CAGR.
Plasma protein therapy is a unique biological medicine which contains isolating proteins known as plasma. Plasma protein therapies are used to treat various chronic diseases like neurological, immune deficiencies, and bleeding disorders.
Factors affecting market growth:
- Introduction of new plasma-derived therapies. (+)
- Rising prevalence of chronic diseases across the world. (+)
- Advancement of technologies. (+)
- Increasing of aging population globally. (+)
- Rising government initiates for the development of plasma derived medicine. (+)
- Increasing awareness regarding the importance of blood donation. (+)
- Stringent government policies. (-)
- Unfavorable reimbursement regulations. (-)
- Huge investments in manufacturing of plasma derived medicines. (-)
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The Global Plasma Protein Therapeutics Market is geographically segmented into
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
North America holds the largest market share for plasma protein therapeutic market due to growing demand for the plasma proteins, rising awareness among people for blood donations, advancement of technologies, high disposable incomes which are driving the global plasma protein therapeutic market.
Asia-Pacific region is expected to have highest CAGR rate for plasma protein therapeutic market during the forecast period.
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Major companies for Global Plasma Protein Therapeutics Market are Octopharma, Baxalta, CSL Behring, and Grifols S.A., Biotest, China Biologics, Kedrion Inc., and Shire plc.