Plasma Derived Therapy Market size was over USD 23 Billion in 2023 and is likely to reach USD 56 Billion by the end of 2036, witnessing around 8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of plasma derived therapy is assessed at USD 28 Billion.
The number of people suffering from rare diseases is growing to a great extent due to which demand for therapeutic treatments is increasing such as plasma-derived therapy. As per recent data provided by Global Genes, around 400 million people are suffering from rare diseases across the world and 95% of these diseases lack FDA approval for treatment.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
8% |
Base Year Market Size (2023) |
USD 23 Billion |
Forecast Year Market Size (2036) |
USD 56 Billion |
Regional Scope |
|
Product (Immunoglobulins, Coagulation Factors, Albumin)
Immunoglobulins segment is poised to hold over 49% plasma derived therapy market share by the end of 2036. The segment growth can be attributed to the people having an interest in this plasma-derived therapy due to the increasing demand for it. A large number of people are suffering from chronic diseases that are cured by this immunoglobulin plasma-derived component has been a notable reason for the market’s growth.
Also, the increased research and development efforts by the major market players involved in the industry further drive the growth of the market. According to recent research, success rates of immune thrombocytopenia (ITP) vary from person to person but in adults with acute ITP, response rates of immunoglobulin are around 60%.
Application (Hemophilia, Primary Immunodeficiency Diseases, Idiopathic /Immune Thrombocytopenic Purpura (ITP)
By 2036, hemophilia segment is expected to hold more than 54% plasma derived therapy market share. The segment growth is associated with the surging number of cases distressed from hemophilia across the world, majorly in underdeveloped and developed countries. According to the Hemophilia Foundation Australia, this disease is reported to occur in 1 in 6,000-10,000 males internationally where around 1 in 6,000 males have hemophilia A and 1 in 25,000-30,000 males has hemophilia B.
Our in-depth analysis of the global market includes the following segments:
Product |
|
Application |
|
North American Market Statistics
In plasma derived therapy market, North America region is expected to capture around 34% revenue share by the end of 2036. The market growth in the region is also expected on account of the latest initiatives that are taken by the government and private bodies to encourage the therapeutic system that has helped the market to achieve new heights.
Moreover, the growing number of plasma collection units in this sector has emerged as a major factor that has boosted the plasma derived therapy market. As per the recent report, around 2,215,000 units (95% confidence interval (CI, 2,084,000–2,347,000 units) of plasma were transfused in the region. in 2021 resulting in an increase of 1.4% from 2019 when 2,185,000 plasma units were transfused. Additionally, with the growing frequency of chronic diseases risk of chronic wounds is increasing leading to the growing demand for cold plasma for treatment.
The significant demand for plasma in the United States has strengthened the growth potential for key market players in the region for the growth of plasma-derived therapy. According to The American National Red Cross, around 5,000 units of platelets and 6.500 units of plasma are required on a daily basis in the U.S.
The growing frequency of autoimmune disorders in Canada has led to the marked growth of plasma-derived therapy as it is one of the most effective in treating such disorders. According to the latest report, females have a higher frequency of autoimmune diseases (60.6% vs 34.4%, p<0.001) in the region. Additionally, around 4% of the world's population is affected by one of more than 80 different autoimmune diseases.
APAC Market Analysis
The Asia Pacific region will also encounter huge growth for the plasma derived therapy market during the forecast period and will hold the second position owing to the profitable opportunities in novel plasma therapy production. Additionally, the hospital sector is recording rapid growth due to advanced healthcare reforms, and a notable rise in accidents across the region led to the market growth of plasma-derived market growth.
According to WHO, 28% of global road traffic deaths occurred in the Southeast Asia Region. With more than 2 deaths occurring per minute and over 3200 per day, road traffic crashes remain the leading killer of children and youth aged 5–29 years. With the increasing number of accident cases, the demand for plasma is increasing parallelly.
China has made major contributions to the growth of the plasma market in the Asia-Pacific region and the use of plasma in many therapeutic treatments is now widely accepted by the population for the treatment of various diseases. China offers profitable opportunities ahead in the production of novel plasma therapies. As per the latest report, China has given plasma therapy to around 250 patients out of which 91 cases have shown improvement in symptoms and clinical indicators.
Increasing cases of peripheral nerve injury (PNI) in Japan are driving the market growth of plasma-derived therapies. Platelets-rich protein (PRP) therapy is introduced to the patients by integrating the latest technologies for repairing and rejuvenating the tissues damaged due to injury or chronic diseases.
The major players in the plasma derived therapy market are offering a detailed portfolio of demand for plasma-derived products. These companies are developing and delivering high-quality medicines and therapies using plasma that treat people with rare and serious diseases.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?