Plasma Fractionation Market Growth and Development: Regional Demand, Segment by Types and End-User By 2035
The global plasma fractionation market size is estimated to grow from USD 4.80 billion in 2024 to USD 12.7 billion by 2035, representing a CAGR of 9.2% during the forecast period till 2035.
Owing to the growing demand for plasma-derived therapies, plasma fractionators are investing in expanding their existing capabilities across various regions; of these, ~30% initiatives were undertaken in north america
During our research, we were able to identify recent expansions undertaken by plasma fractionators, during the time period.
Most of the expansions (85%) within this domain were undertaken for the establishment of new facilities. This is followed by expansion instances which involved the setup of new plants (13%). Notable examples of the plasma fractionation companies undertaking new facility initiatives (in alphabetical order) include ADMA Biologics, Biotest, Evolve Biologics, Reliance Life Sciences and Shire.
It worth highlighting that in August 2021, Bio Products Laboratory (BPL) has taken an expansion initiative to build a new sterile filling facility for plasma-derived products at Hertfordshire, UK. Further, in February 2019, Kedrion announced FDA approval for resumption of manufacturing fraction II+III, fraction V and cryo paste at New York, US.
The global installed plasma fractionation capacity is spread across various geographies; over 90% of the global installed plasma fractionation capacity is dedicated to the manufacturing of albumins and immunoglobulins for commercial applications
Over the past two decades, the global demand for plasma-derived therapies has increased significantly and is continuing to grow due to more patients being diagnosed with rare diseases, higher standards of care and broader access to various treatment options. Further, owing to higher efficacy and ability to prevent or treat severe conditions, plasma therapies are continuously being employed, resulting in the plasma fractionation capacity to increase several folds.
Research Methodology
Our analysts have performed an accurate examination of the various aspects of the global market leveraging avant-garde primary and secondary sources of data collection. The report has gathered the necessary data and information from several reliable sources. Additionally, the report offers many strategic recommendations for companies involved in this ever-growing business sector to help them attain a competitive edge in the Plasma Fractionation Market.
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