Worldwide Acceptance of Immunoglobulin-based Therapies Augments the Global Blood Plasma Market Growth
According to a new
market research report published by Inkwood Research, the Global Blood Plasma Market
is estimated to register a CAGR of 6.24% in terms of revenue, during the
forecasting years of 2020-2028.
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Market Data Tables and 61 Figures spread over 262 Pages, along with an in-depth
TOC on the Global Blood
Plasma Market Forecast 2020-2028.’’
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Plasma is a major component of blood that is significant for
the regulation of body functions. It is made up of varied components like
coagulation factors, immunoglobulin, albumin, and protease inhibitors. It has
around 55% of blood volume, and the composition entails more than 700 proteins
and other substances. It is an essential part of treatment for serious health
problems like autoimmune disorders and hemophilia. Among the several components
of plasma, the most widely used in the treatment of various diseases is the
immunoglobulin. The growing demand for immunoglobulin is one of the important
drivers of market growth.
Vast Acceptance of
Immunoglobulin-based Therapies Fuels Market Growth
There is a rising demand for subcutaneous immunoglobulin and
wide acceptance of immunoglobulin-based therapies across the world, which
drives the blood plasma market. It is an essential part of blood plasma that
aid in protecting the body. Immunoglobulins are produced by plasma cells and
are commonly known as antibodies. Some of the most widely used include
intravenous immunoglobulins (IVIg). Polyvalent immunoglobulins are employed in
replacement therapies for diseases related to autoimmune pathologies,
immunodeficiency, and systemic inflammatory processes. There has been an
increase in the preference for polyvalent immunoglobulins administered through
the subcutaneous route. This is because the patients are increasingly opting
for self-infusion, thereby fueling the demand for immunoglobulin-based
therapies.
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Immunoglobulin – The Dominant
Category in the Blood Derivatives Segment
Immunoglobulins are glycoprotein molecules produced by
plasma cells. They are an integral part of immune response and entail a
specific mode of action. They assist in the lysis of cells, enhance the release
of biologically active molecules, and ensure effective binding to antibodies.
They bind to different types of cells through the receptors present in each of
the cells that allow the cells to carry out specific functions by activation.
Asia Pacific is expected to be the
Fastest-growing Region
The Asia Pacific blood plasma market growth is projected to
be consistently high throughout the forecast period. The major countries that
contribute to the growth of the market are Japan, China, India, Australia &
New Zealand, and Indonesia. The Asia Pacific region is dominated by China, due
to the rising number of organizations that ensure blood plasma supply. In terms
of considerable benefaction to the blood plasma market, Japan comes second, due
to the restriction in the availability of domestic plasma.
Some of the prominent companies, having their operations in
the market, are Fusion Health Care, Takeda Pharmaceutical Company, Arthrex, Biotest
AG, Baxter International, etc. The market houses major players that focus on
technological advancements and innovations for sustaining their position in
terms of share. The competition is expected to be high as a result of the limited
number of players.
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