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2024-2033 Plasma Protein Therapeutics Market Growth Rate: What’s the Forecast?

The market for therapeutic plasma proteins has seen substantial expansion in previous years. The market is projected to rise from $29.66 billion in 2023 to $32.22 billion in 2024, with a compound annual growth rate (CAGR) of 8.6%. The robust growth during the historical span was driven by factors such as an uptick in rare disease instances, a burgeoning elderly population, a surge in the global supply of blood plasma, an increase in hemophilia occurrences, enhancements in diagnostic techniques, and favorable regulatory conditions.

The market size of plasma protein therapeutics is predicted to enjoy robust expansion in the upcoming years, reaching a value of $43.85 billion in 2028 with a CAGR of 8.0%. This predicted growth over the forecast period can be credited to improvements in gene therapy, an upswing in healthcare spending, expanded indications, strategies for precision medicine, and programs designed to enhance patient access. Prominent trends anticipated in the forecast period encompass technological innovation, growing utilization of telemedicine, advancements in plasma fractionation technology, the production of cutting-edge therapies, the rise of recombinant therapies, and the adoption of personalized medicine techniques.

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What Drivers Are Accelerating the Growth of the plasma protein therapeutics Market?

The surge in autoimmune disorders is anticipated to stimulate the growth of the plasma protein therapeutics market. Autoimmune disorders arise when the body’s immune system erroneously attacks and destroys healthy cells. The treatment for these diseases often involves therapeutic plasma exchange, used when the body mistakenly identifies a part of itself as foreign and generates proteins or autoantibodies that assault the misidentified part of the body. As reported by Scientific American, a science magazine based in the United States, in September 2021, autoimmune diseases were affecting about 4% of the global population. Hence, the upward trend in these disorders is catalyzing the progression of the plasma protein therapeutics market.

What Key Segments Can Be Identified in the Plasma Protein Therapeutics Market?

1) By Product: Immunoglobulin, Albumin, Coagulation Factor, C1-esterase Inhibitors, Other Products

2) By Route Of Administration: Intravenous, Subcutaneous

3) By Applications: Primary Immunodeficiency Disorder (PID), Idiopathic Thrombocytopenic Purpura, Secondary Immunodeficiency, Hereditary Angioedema, Other Applications

What Trends Are On the Rise in the Plasma Protein Therapeutics Market?

A leading trend that is taking over the plasma protein therapeutic market is product innovations. Firms that are predominantly active in this sector are concentrating on developing novel products to secure a competitive edge. For example, in November 2021, Biognosys, a biotech firm located in Switzerland, introduced a pioneering blood biomarker discovery solution. The purpose of this service is to aid researchers in unraveling the intricacies of blood proteome and facilitate unbiased findings for the advancement of pharmaceuticals, diagnostics, and precision medicine. A distinctive feature of these solutions is the application of Biognosys’ Hyper Reaction Monitoring (HRM™) technology and its enhanced Liquid Chromatography-Mass Spectrometry (LC-MS) process.

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What Regions Are Steering Growth in the Plasma Protein Therapeutics Sector?

North America was the largest region in the plasma protein therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plasma protein therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Plasma Protein Therapeutics 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 plasma protein therapeutics market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Plasma Protein Therapeutics Market Include

1. Plasma Protein Therapeutics Market Executive Summary

2. Plasma Protein Therapeutics Market Segments

3. Plasma Protein Therapeutics Market Size And Template Market Growth Rate

4. Key Plasma Protein Therapeutics Market Trends

5. Major Plasma Protein Therapeutics Market Drivers

……

25. Key Mergers And Acquisitions In The Plasma Protein Therapeutics Market

26. Top Plasma Protein Therapeutics Companies

27. Plasma Protein Therapeutics Market Opportunities And Strategies

28. Plasma Protein Therapeutics Market, Conclusions And Recommendations

29. Appendix

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