The global plasma protein system market is anticipated to be worth US$ 25.7 billion in 2022 and US$ 28.4 billion by 2032. In the forecast period of 2022 to 2032, it is expected to develop at a stable CAGR of 6.2%. The growing desire for novel therapeutic options, as well as the widespread approval of various plasma products, are expected to drive sales of plasma protein systems.
Plasma protein, commonly known as blood protein, is a protein found in blood plasma. It performs a variety of tasks in the body, including the transfer of minerals, vitamins, hormones, and lipids and the maintenance of the immune system. It also serves as a kinin precursor, a component of the complement system, and an enzyme.
The increasing use of plasma proteins in replacement therapies to treat a variety of illnesses, including a coagulation factor deficiency during hemostasis, is likely to drive the market. Another critical aspect that is likely to propel the market is the increased focus of several key players on the creation of new systems with improved efficacy.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Plasma Protein System Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Plasma Protein System market.
Key Plasma Protein System Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Plasma Protein System market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Plasma Protein System Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Plasma Protein System market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Plasma Protein System Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Plasma Protein System market. As per the survey, Plasma Protein System sales will project steady growth over the forecast period.
- Plasma Protein System Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Plasma Protein System market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Plasma Protein System Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Plasma Protein System market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Plasma Protein System market.
Some of the prominent market players are profiled by FMI are:
- Octapharma USA Inc.
- CSL Behring
- Takeda Pharmaceutical Company Ltd.
- Grifols SA
- Baxter
- Biotest AG
- China Biologic Products, Inc
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Key Segments Profiled in the Plasma Protein System Industry Survey
By Product Type:
- Fibrinogen
- Immunoglobulin
- Albumin
By Application:
- Idiopathic Thrombocytopenic Purpura (ITP)
- Primary Immunodeficiency Disorder (PID)
- Hemophilia
- Others
By End User:
- Blood Banks
- Ambulatory Surgical Centers
- Clinics
- Hospitals
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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