Plasma Fractionation Market Analysis
The Plasma Fractionation Market was valued at USD 33.47 billion in 2023 and is projected to grow to USD 63.82 billion by 2031, with a CAGR of 8.4% during 2024-2031.
Market Drivers:
- Increasing Demand for Plasma-derived Medicines: Driven by the rising prevalence of chronic diseases.
- Technological Advancements: Continuous improvements in plasma fractionation technologies, enhancing product safety and efficacy.
- Growing Geriatric Population: Higher susceptibility to chronic diseases among the elderly, boosting demand for plasma-derived therapies.
- Increasing Healthcare Awareness: Rising awareness and improved healthcare access in developing regions contribute to market growth.
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Plasma Fractionation Market Insights
Market Overview: The Plasma Fractionation Market, valued at USD 33.47 billion in 2023, is projected to reach USD 63.82 billion by 2031, growing at a CAGR of 8.4% from 2024 to 2031.
Regional Growth Dynamics:
North America: Dominates the market with leading plasma fractionation companies, advanced healthcare infrastructure, and high demand for plasma-derived medicines.
Europe: Experiencing significant growth due to the increasing prevalence of chronic diseases, rising healthcare investments, and supportive government initiatives.
Asia-Pacific: Expected to grow rapidly driven by a rising geriatric population, increasing healthcare spending, and greater awareness of plasma-derived therapies.
Key Market Players:
- CSL Limited
- Grifols, S.A.
- Shire plc (Takeda Pharmaceutical Company Limited)
- Octapharma AG
- Kedrion S.p.A.
Future Outlook: The Plasma Fractionation Market is poised for robust expansion, driven by increasing demand for plasma-derived medicines, advancements in fractionation technologies, and improved healthcare access. Ongoing innovations in purification processes and product development are expected to enhance treatment options for various diseases and disorders.
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