What is the global market size of Plasma Therapy Market?

Global Plasma Therapy Market size was valued at USD 297.6 million in 2021 and is poised to grow from USD 339.26 million in 2022 to USD 967.78 million by 2030, growing at a CAGR of 14% in the forecast period (2023-2030).

Who are the key vendors in the Global Plasma Therapy Market?

Global plasma therapy market's competitive landscape provides information by competitors. An overview of the company, financials, revenue, market potential, R&D investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance are among the data that are included.

Plasma Therapy Market Size, Share, Growth Analysis, By Type(Pure Platelet Rich Plasma, Leukocyte Rich Platelet Rich Plasma, Pure Platelet-Rich Fibrin, Leukocyte-Rich Fibrin.), By Source(Autologous, and Allogenic.), By Application(Orthopedics, Sports Medicine, Cosmetic Surgery, Dermatology (Ulcer Healing), By End User(Hospitals & Clinics, and Research Institutes.), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35H2056 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 122 | Figures: 77

Plasma Therapy Market Dynamics

Plasma Therapy Market Drivers

Increasing platelet-rich plasma

The utilization of platelet-rich plasma is increasing as a result of increasing sports injury rates and an increase in cosmetic surgery, as well as growing participation in sporting activities. The rise of the industry is also driven by a increase in the use of platelet rich plasma (PRP) in research.

Global growth of immunoglobulin utilization

The demand for immunoglobulin therapy has increased as individuals become more aware of the cutting-edge procedures used in the healthcare industry. As a result, society has adopted the use of immunoglobulin for treating a variety of illnesses that are becoming increasingly prevalent in the population.

Plasma Therapy Market Restraints

The cost of plasma therapy becomes high.

The market growth is anticipated to be restricted by plasma therapy's high cost. The cost of plasma extraction from blood and the storage of collected plasma is imiting market expansion. In undeveloped and developing regions, the cost of therapy has limited its use. One of the main things stopping the market from expanding is that the average person cannot afford the therapy.

Plasma Therapy Market Report Snapshots

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Plasma Therapy Market size was valued at USD 297.6 million in 2019 and is poised to grow from USD 339.26 million in 2023 to USD 967.78 million by 2031, growing at a CAGR of 14% in the forecast period (2024-2031).

plasma therapy market's competitive landscape provides information by competitors. An overview of the company, financials, revenue, market potential, R&D investments, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product breadth and depth, and application dominance are among the data that are included. Only the market emphasis on plasma therapy that the companies have is covered by the data points given above. 'Biotest AG', 'CSL Behring', 'Grifols S.A.', 'Kedrion S.p.A.', 'Octapharma AG', 'Takeda Pharmaceutical Company Limited', 'Zimmer Biomet', 'Baxter International Inc.', 'China Biologic Products Holdings, Inc.', 'GC Pharma', 'Green Cross Corp.', 'Japan Blood Products Organization', 'LFB SA', 'Shanghai RAAS Blood Products Co., Ltd.', 'China National Biotec Group Co., Ltd. (CNBG)', 'Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd.', 'Jiangxi Boya Bio-Pharmaceutical Co., Ltd.', 'Bio Products Laboratory Ltd. (BPL)', 'BioLife Plasma Services', 'Canadian Plasma Resources'

The utilization of platelet-rich plasma is increasing as a result of increasing sports injury rates and an increase in cosmetic surgery, as well as growing participation in sporting activities. The rise of the industry is also driven by a increase in the use of platelet rich plasma (PRP) in research.

The rise in patients with androgenic alopecia and orthopedic disorders may present additional potential growth opportunities for the plasma therapy market in the coming years. However, the limited use of PRP in diabetic patients and kidney problems may pose further challenges to the growth of the market in the near future. The healthcare company's access to trying to cut treatment options - The number of available treatments has considerably risen as a result of the healthcare industry's continued advancement. This has aided the consumers in choosing a treatment choice that is appropriate for their level of disposable income. Numerous services offered by both the public and private sectors have also assisted the healthcare industry in improving its success rate, even with relation to rare disorders. The success rate for treating rare diseases has increased as a result of the faster progress being made in the field of healthcare technology and tools.

Due to the existence of top platelet-rich plasma therapy product manufacturers, active involvement of academic and research institutions in trying to cut research and development activities, rising public awareness of the benefits of platelet-rich plasma therapies, and support from regulatory bodies and the government to promote the use of PRP for medical purposes, North America held the largest market share for plasma therapy in 2021. The availability of highly skilled individuals and the region's well-developed healthcare infrastructure both drive market growth.

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Plasma Therapy Market Dynamics

Plasma Therapy Market Report Snapshots

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