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What is the Estimated Growth Rate for the Blood Plasma Derivatives Market Between 2024 and 2033?

In the past few years, there has been a significant increase in the size of the blood plasma derivatives market. It is predicted to expand from $48.26 billion in 2023 to $52.61 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 9.0%. Factors contributing to this growth during the historic period include an increased occurrence of hemophilia and bleeding disorders, a rise in the elderly population, greater awareness and diagnosis, a surge in surgical procedures and worldwide blood transfusion services.

The market size for blood plasma derivatives is projected to experience significant expansion in the coming years, and it is anticipated to reach $75 billion by 2028, with a compound annual growth rate (CAGR) of 9.3%. Factors contributing to this projected growth during the forecasted period include the development of therapies for rare diseases, an increase in chronic illnesses, rising healthcare spending, patient-focused treatment methodologies, and the expansion of healthcare infrastructure. Key trends during this period are expected to involve progress in fractionation technologies, patient-oriented strategies, collaborations and partnerships, widened neurological applications, and technological advancements in plasma fractionation.

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What Are the Primary Contributors to the Growth of the blood plasma derivatives Market?

The blood plasma derivatives market is projected to experience growth due to the increasing occurrence of immunodeficiency disorders. These disorders, which impair the immune system either entirely or partially, can be treated using blood plasma derivatives. Plasma is a protein and salt solution that contains over 100 different proteins. Immunoglobulins, a type of these proteins, are significantly used to deal with primary immunodeficiencies. Inadequate or poor nutrition can lead to deficiencies in both macro and micronutrients, resulting in immunodeficiency. As indicated in a report released by the World Health Organization in July 2022, hunger affected 828 million people worldwide in 2021, and it is a major cause of malnutrition. Consequently, the growing incidence of immune deficiency disorders is propelling the expansion of the blood plasma derivatives market.

Which Key Segments Comprise the Blood Plasma Derivatives Market?

1) By Type: Albumin, Factor VIII, Factor IX, Immunoglobulin, Hyperimmune Globulin, Other Types

2) By Application: Hemophilia, Hypogammaglobulinemia, Immunodeficiency Diseases, Von Willebrand’s Disease, Other Applications

3) By End-User: Hospitals, Clinics, Other End-Users

What Are the Key Trends Reshaping the Blood Plasma Derivatives Market?

Major firms active in the blood plasma derivatives market are taking strategic partnership steps to secure a competitive advantage. Such collaborations ensure a stable and reliable flow of essential plasma-derived medicines to those in need, addressing the growing demand for immunoglobulins both in France and internationally. To illustrate, in January 2022, the Italy-based Kedrion S.p.A., a biopharmaceutical organization skilled in developing, manufacturing, and distributing plasma-derived therapies, joined forces with LPB, a UK-based pharmaceutical firm known for its work with biological medicinal products. Kedrion’s immunoglobulin production in Hungary will utilize LFB plasma from France, provided by the Etablissement Français du Sang (EFS). This new influx of immunoglobulins from LFB in France will boost the existing supply, under the watchful eye of French health authorities, and will be distributed to hospitals nationwide.

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What Are the Top Regions Fueling Growth in the Blood Plasma Derivatives Market?

North America was the largest region in the blood plasma derivatives market in 2023. The regions covered in the blood plasma derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Blood Plasma Derivatives Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the blood plasma derivatives market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Blood Plasma Derivatives Market Include

1. Blood Plasma Derivatives Market Executive Summary

2. Blood Plasma Derivatives Market Segments

3. Blood Plasma Derivatives Market Size And Template Market Growth Rate

4. Key Blood Plasma Derivatives Market Trends

5. Major Blood Plasma Derivatives Market Drivers

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25. Key Mergers And Acquisitions In The Blood Plasma Derivatives Market

26. Top Blood Plasma Derivatives Companies

27. Blood Plasma Derivatives Market Opportunities And Strategies

28. Blood Plasma Derivatives Market, Conclusions And Recommendations

29. Appendix

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