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The plasma fractionation market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!

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The Plasma Fractionation Market Size In 2022 And Forecast
The global plasma fractionation market is expected to grow from $24.04 billion in 2021 to $25.97 billion in 2022 at a compound annual growth rate (CAGR) of 8.02%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The plasma fractionation market is expected to grow to $35.67 billion in 2026 at a compound annual growth rate (CAGR) of 8.26%.

The plasma fractionation market consists of sales of plasma fractionation by entities (organizations, sole traders, and partnerships) that are used in the manufacture of essential pharmaceutical products that are used to treat immune deficiencies or bleeding disorders.

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increase in number of chronic diseases Is Driving The Growth Of The Plasma Fractionation Market
For instance, According to World Health Organization, a Switzerland-based health promotion agency, in 2021, chronic disease prevalence is expected to rise by 57% by the year 2020. As per April 2021 data these diseases kill 41 million people each year, equivalent to 71% of all deaths globally. Therefore, Increasing cases of chronic diseases are driving the growth of the healthcare analytical testing service market. Therefore, an increasing number of chronic diseases of all ages is expected to propel the growth of the plasma fractionation market.

Competitive Landscape And The Regional Analysis Of The Plasma Fractionation Market
Major players in the plasma fractionation market are Baxter International Inc, Bio Products Laboratory, Biotest AG, CSL Limited, Grifols S.A, Kedrion S.p.A, LFB S. A., Octapharma AG, Sanquin Blood Supply Foundation, Takeda Pharmaceutical Company Limited, Chinese Biological Products Inc, Japan Blood Products Organization, Green Cross Corporation, and Intas Pharmaceuticals Ltd.

Additionally, as per TBRC’s research – North America was the largest region in the plasma fractionation market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The Plasma Fractionation Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the plasma fractionation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the plasma fractionation market.

Technological Advancement – A Key Trend In The Plasma Fractionation Market
Major companies operating in the market are introducing new technologies such as HYCON that work on self-cleaning, and fully automatic separator to sustain their position in the market.

Plasma Fractionation Market Segmentation By The Business Research Company

1) By Product: Immunoglobulins, Coagulation Factors, Albumin, Protease Inhibitors

2) By Application: Immunology, Hematology, Neurology, Critical Care, Hemato-Oncology, Rheumatology

3) By End User: Hospitals and Clinics, Clinical Research Laboratories, Academic Institutes

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Cold Plasma Global Market Report 2022

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