The robust CAGR of 7.3% over the 2022-2032 period demonstrates the resilience and sustainability of the plasma fractionation market. This growth can be attributed to factors such as demographic shifts, advancements in healthcare technology, and an increasing global healthcare budget.
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Market Opportunity:
The plasma fractionation market is poised for remarkable growth, offering a multitude of opportunities for both established and emerging players. Several factors contribute to the promising outlook for this market:
Rising Healthcare Needs: The prevalence of autoimmune diseases, hemophilia, and immunodeficiencies is on the rise, creating a substantial patient pool in need of plasma-derived therapies. This growing patient base presents an ever-expanding market for plasma fractionation.
Advancements in Fractionation Technology: Ongoing innovations in plasma fractionation technology have enabled the development of more efficient and safer production processes. These advancements are expected to enhance the quality and yield of plasma-derived products, thus increasing their accessibility and affordability.
Expanding Geriatric Population: As the global population ages, the demand for plasma-derived products is expected to surge. Elderly individuals are more susceptible to various medical conditions that require these therapies, resulting in a substantial market opportunity.
Increasing Healthcare Expenditure: The growing healthcare expenditure in both developed and emerging economies is likely to drive investments in the plasma fractionation industry. This, in turn, will support research and development, leading to the introduction of new and improved therapies.
Market Challenges:
While the plasma fractionation market presents significant opportunities, it is not without its challenges:
Regulatory Compliance: Stringent regulatory requirements for the collection, processing, and distribution of blood plasma pose a significant challenge for market players. Compliance with these regulations is crucial for ensuring product safety and quality.
Ethical and Safety Concerns: The collection of plasma from donors has raised ethical concerns in some regions, particularly when compensation is involved. Additionally, ensuring donor and product safety is paramount to maintaining the trust of the public.
Supply Chain Vulnerabilities: The plasma fractionation supply chain is susceptible to disruptions, such as those caused by natural disasters or pandemics. These disruptions can impact the availability of plasma-derived products.
Competition: The plasma fractionation market is becoming increasingly competitive with the entry of new players. This intensifying competition may exert downward pressure on product pricing and margins.
Key Players:
Grifols S.A.
CSL Limited
Takeda Pharmaceutical Company Limited
Octapharma AG
Kedrion S.p.A
LFB S.A.
Biotest AG
Sanquin
Bio Products Laboratory Ltd.
Intas Pharmaceuticals Ltd
Competitive Landscape:
Key players in this market are implementing various strategies to enhance their market position, including mergers and acquisitions, regional expansion, and strategic collaborations. Notable market developments include Terumo Blood and Cell Technologies' establishment of a state-of-the-art production plant in Douglas County, Colorado in May 2022. The facility, which cost USD $250 million, aligns with the company's mission of improving healthcare and serving more people by producing single-use collection sets for the recently FDA-approved Rika Plasma Donation System. Additionally, CSL Behring expanded its manufacturing facility in Broadmeadows, Victoria in May 2022 to increase processing capacity for Australia's growing annual domestic plasma collections, in accordance with the National Fractionation Agreement between the National Blood Authority and CSL Behring.
Key Segments Covered in the Plasma Fractionation Industry Survey
By Product :
Albumin
Immunoglobulins
Intravenous Immunoglobulins
Subcutaneous Immunoglobulins
Others
Coagulation Factors
Factor VIII
Factor IX
Von Willebrand Factor
Prothrombin Complex Concentrates
Fibrinogen Concentrates
Others
Protease Inhibitors
Others
By Method :
Centrifugation
Depth Filtration
Chromatography
Others
By Application :
Neurology
Hematology
Oncology
Immunology
Pulmonology
Others
By End User :
Hospitals & Clinics
Clinical Research
Others
By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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