The Speciality Control Plasma Market is expected to be valued at US$ 9.8 billion in 2023, rising to US$ 17.8 billion by 2033. During the forecast period, the market is expected to grow at a CAGR of 6.2%.
The advancement in the process of blood therapeutics and the key application of specialty control plasma in rheumatology, neurology, oncology, immunology, hematology, and transplant has proven to be vital in patient care.
What is Driving Demand for Specialty Control Plasma?
The specialty control plasma demand is driven by the rising instances of the need for diagnostics for various coagulation disorders. The rising incidence of various autoimmune disorders, such as hemophilia, and the growing role of plasma and its derivative products in the diagnosis as well as treatment of the disorders has significantly acted as a catalyst to the specialty control plasma demand.
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In addition, the growing awareness about specialized plasma products and their uptake, especially in developed economies has added traction to the demand of specialty control plasma. Furthermore, special insurance aid policies by various bodies like the National Hemophilia Foundation, are expected to aid in the development of specialty control plasma.
Which Factors are Likely to Augment Growth of Specialty Control Plasma Adoption?
Factors likely to augment the growth of specialty control plasma are the advancements in the specialized plasma-derived products and the plasma fractionation process. The rising geriatric population around the world and the prevalence of infectious diseases are also likely to act as a propelling factor for specialty control plasma adoption for treatment and patient care.
Apart from this, the rising reported misdiagnosed conditions such as coagulation disorders are set to push the uptake of specialty control plasma for a significantly accurate diagnosis or detection. The advancements in biomedical technologies and detection assays as well as the growing awareness in terms of the detection of immunological disorders are set to supplement the growth of specialty control plasma.
US and Canada Specialty Control Plasma Outlook
The specialty control plasma value is expected to experience profitable growth in the region of North America over the forecast period. The current stance of this region is dominating globally in terms of the development and manufacture of specialty control plasma.
The largest player in US and Canada, Precision Biologics, recently launched CRYOcheck for the diagnosis of hemophilia A. Therefore, the growth of specialty control plasma in the region of North America is fueled by the rise in expenditure by various biotechnology companies as well as the rising rate of improved healthcare structure.
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Europe Demand Outlook for Specialty Control Plasma
The Europe specialty control plasma market is set to become the most lucrative segment over the forecast period owing to the high incidence of chronic diseases and the recognition and visibility of rare diseases as defined by the European Commission.
About 5000 – 8000 rare diseases are prevalent and affect almost 6-8% of the European population. The increasing fund allocation for such rare disorders has led to the advancement of specialty control plasma techniques for diagnosis as well as treatment or management of such disorders.
Who are the Key Manufacturers and Suppliers of Specialty Control Plasma?
The key companies dealing with specialty control plasma are
- Precision BioLogic Incorporated
- Baxter BioScience
- Grifols S.A.
- Shire Plc.
- VitroPharma
- Kedrion S.p.A.
- China Biologic Products (Shandong Taibang)
- Biotest AG
- Sanquin
- Talecris Biotherapeutics
- SK Plasma Co.
- CSL Ltd.
- Octapharma AG
- Cerus Corp.
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The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments
By Type:
- Factor VIII Concentrate
- Factor IX Concentrate
- Immunoglobulins
- Others
By Application:
- Coagulation disorders
- Hemophilia
- Von Willebrand disease
- Other clotting disorders
- Immunodeficiency diseases
- Hypogammaglobulinemia
By End User:
- Hospitals
- Diagnostic Laboratories
- Clinics
- Others
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
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