Plasma Fractionation Market by Product and Region: Opportunity Analysis and Industry Forecast, 2020-2027,” The global plasma fractionation market size was $18 billion in 2019 and is expected to reach $23 billion by 2027, registering a CAGR of 6.2% to 2020-2027. Plasma fractionation is a separation technique used to obtain plasma derivatives. There are various types of plasma derivatives available in the market. These include albumin and immunoglobulin. These products contain concentrated fractions of plasma proteins, obtained by fractionation of plasma collected from a large number of blood donors.
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Growth in the geriatric population worldwide, which is prone to various rare diseases that require the use of plasma derivatives is a major factor driving the market growth. Moreover, increasing use of immunoglobulins and alpha-1-antitrypsin in the pharmaceutical sector worldwide is also fueling the growth of the plasma fractionation market.
In terms of value, by product, immunoglobulin is the largest segment in the plasma fractionation market and is also expected to exhibit the fastest growth rate during the forecast period. The growth of this segment is attributed to various applications of immunoglobulins in various disorders such as primary and secondary immunodeficiencies, autoimmune diseases and inflammatory diseases.
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Asia-Pacific is expected to grow at the fastest rate during the forecast period owing to increasing awareness regarding the use of plasma fractionation products and rising disposable income.
The Covid-19 pandemic has affected every industry across the globe. For example, after the WHO declared COVID-19 as a pandemic, countries around the world adopted nationwide lockdowns to observe social distancing to prevent the spread. This creates disruptions, constraints, challenges and changes in every sector of every industry. Similarly, the plasma fractionation industry was also affected by the pandemic.
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