The Convalescent Plasma Therapy Market Share, Market Size, And Growth Rate 2022
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The convalescent plasma therapy market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!
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The Convalescent Plasma Therapy Market Size In 2022 And Forecast
The global convalescent plasma therapy market is expected to grow $0.036 billion in 2021 to $0.041 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. 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 convalescent plasma therapy market is expected to reach $0.063 billion in 2026 at a CAGR of 11.5%.
The convalescent plasma therapy market consists of sales of convalescent plasma obtained from patients who have recovered from an infection.
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Higher Efficacy And Safety Of The Convalescent Plasma Therapy In COVID-19 Patients Is Driving The Growth Of The Convalescent Plasma Therapy Market
In June 2020, results of a study conducted by the Houston Methodist hospital, which aimed at evaluating safety and efficacy of COVID-19 convalescent plasma therapy, stated that the convalescent plasma therapy is safe with no adverse events reported and is efficient with 76% recovery rate. In May 2020, a study published in the Journal of Medical Virology stated that with convalescent plasma therapy, the mortality rate may be reduced in critically ill patients, beneficial effects on clinical symptoms will be observed, and an increase in neutralizing antibody titers and disappearance of SARS-CoV-2 RNA will be observed. The safety and efficacy of the convalescent plasma therapy in COVID-19 patients will boost market growth.
Competitive Landscape And The Regional Analysis Of The Convalescent Plasma Therapy Market
Major players in the convalescent plasma therapy market are Bio Farma, Grifols, Hilton Pharma, Biotest, BPL, LFB, Octapharma, CSL Behring, Takeda Pharmaceutical Company Limited and Orthosera Kft.
The Convalescent Plasma Therapy 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 convalescent plasma therapy 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 convalescent plasma therapy market.
The Development Of Antibody-Based Immunotherapy – A Key Trend In The Convalescent Plasma Therapy Market
Convalescent plasma therapy utilizes the antibodies produced against coronavirus by the donor to improve the immunity of the recipient. Companies are initiating trials, collaborating and investing for antibody-based COVID-19 therapy.
Convalescent Plasma Therapy Market Segmentation By The Business Research Company
1) By Application: Prophylaxis, Treatment
2) By End-Users: Hospitals & Clinics, Laboratories & Research institutes
3) By Antibody type: IgM, IgG, IgA
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