The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global plasma protein therapeutics market is poised for substantial growth, with projections indicating a climb from $26.25 billion in 2022 to $28.11 billion in 2023, representing a noteworthy compound annual growth rate (CAGR) of 7.1%. This upward trajectory is expected to persist, propelling the market to a projected size of $35.84 billion in 2027, maintaining a robust CAGR of 6.3%.

Autoimmune Disorders Ignite Growth
A pivotal driver steering the plasma protein therapeutics market’s ascent is the increasing prevalence of autoimmune disorders. These conditions arise when the immune system erroneously attacks and destroys healthy body cells. Therapeutic plasma exchange emerges as a crucial treatment for autoimmune diseases, where the body produces autoantibodies that attack its own components. Notably, autoimmune diseases affect approximately 4% of the global population, as reported by Scientific American in September 2021. The prevalence rate is higher among women, with a ratio of 2 to 1, according to the National Library of Medicine in May 2020. This escalating prevalence fuels the growth of the plasma protein therapeutics market.

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Industry Leaders Driving Progress
Major players at the forefront of shaping the plasma protein therapeutics market landscape include Octapharma AG, CSL Behring LLC, Grifols S.A, China Biologic Products Holdings Inc., and Takeda Pharmaceutical Company Limited. These industry stalwarts contribute to the market’s dynamism, driving innovation and setting benchmarks in the realm of plasma protein therapeutics.

Trending Towards Innovation: Product Innovations
A key trend gaining prominence in the plasma protein therapeutics market is the focus on product innovations. Major companies are dedicating efforts to introduce innovative products, gaining a competitive edge. For instance, in November 2021, Biognosys, a Switzerland-based biotechnology company, launched a next-generation blood biomarker discovery solution. This service assists researchers in deciphering the complexities of the blood proteome, unlocking unbiased discoveries for pharmaceutical and diagnostic development. Biognosys’ Hyper Reaction Monitoring (HRMTM) technology and optimized Liquid Chromatography-Mass Spectrometry (LC-MS) workflow are key features of these innovative solutions.

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Regional Dynamics: North America Leads, Asia-Pacific Emerges
In 2022, North America took the lead as the largest region in the plasma protein therapeutics market. Looking ahead, Asia-Pacific is anticipated to emerge as the fastest-growing region during the forecast period. The comprehensive global plasma protein therapeutics market report covers diverse regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.

Segmentation Insights: Understanding the Market Landscape
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

The Plasma Protein Therapeutics Global Market Report 2023  provides a comprehensive overview on the plasma protein therapeutics market size, plasma protein therapeutics market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Plasma Therapy Global Market Report 2023
Convalescent Plasma Therapy Global Market Report 2023
Cold Plasma Global Market Report 2023

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