REPORT HIGHLIGHT
Asia Pacific Plasma Derived Therapy Market size was valued at USD 130.5 Million in 2022, expanding at a CAGR of 11.5% from 2023 to 2030.
Life-saving medications called plasma-derived therapies are used to treat a variety of uncommon illnesses, including PIDs. They are created using plasma from donated human beings. Specialized biologic medications known as plasma-derived medicines are used to treat patients with dysfunctions and deficits in plasma proteins. Therapies produced from plasma replace lost or insufficient proteins, enabling people to live longer, healthier lives.
Plasma Derived Therapy Market- Market Dynamics
Increasing prevalence of uncommon diseases and demand for advanced technology in disease treatment are expected to propel market demand
The prevalence of rare diseases has significantly increased, necessitating the employment of specialized therapeutic interventions like plasma-derived therapy. The COVID-19 outbreak served as an illustration of a rare disease that was tried to be treated using plasma-derived therapy. The growing number of persons with genetic abnormalities has put future generations at risk because these individuals' conditions may worsen when they have children. As a result, the health care industry needs cutting-edge technologies in the therapeutic field. Furthermore, there is now a greater than ever need for cutting edge solutions to address genetic problems. However, the use of advanced treatment raises the total cost of treatment and so imposes an additional pressure on the people.
Plasma Derived Therapy Market- Key Insights
As per the analysis shared by our research analyst, the Asia Pacific market is estimated to grow annually at a CAGR of around 11.5% over the forecast period (2023-2030)
Based on Product segmentation, immunoglobulin segment was predicted to show maximum market share in the year 2022, increasing demand of the plasma derived component are fueling the market growth.
Based on Application segmentation, hemophilia was the leading market in 2022, due to high demand from disease related to blood clotting or bleeding.
Based on End-User segmentation, hospitals was the leading market in 2022, due to increasing demand for pesticides to improve the quality of plants and seeds.
On the basis of country, China held significant revenue share in 2022 mainly due to the growing healthcare sector and rising healthcare expenditure.
Plasma Derived Therapy Market- Segmentation Analysis:
The Asia Pacific Plasma Derived Therapy Market is segmented on the basis of Product, Application, End-User, and Region.
The market is divided into four categories based on Product: immunoglobulin, coagulation factors, albumin, others. The immunoglobulin dominates the market. The Increasing awareness among the people regarding the advanced procedures is proliferating the need for immunoglobulin therapy.
The market is divided into four categories based on Application: hemophilia, primary immunodeficiency disease, idiopathic thrombocytopenic purpura, others. The hemophilia dominates the market and is likely to maintain its dominance during the forecast period. The high demand for the need of advanced technologies in the therapeutic field is driving the market growth.
The market is divided into three categories based on End-User: hospitals, ambulatory surgical centers, and others. Hospitals segment held the largest share in 2022. The segment is expected to witness significant growth owing to rising advancement and investment in healthcare infrastructure is mainly boosting the market growth.
Plasma Derived Therapy Market- Country Insights
Country wise, this market is widespread into India, China, South Korea, Japan, Australia, Thailand, Indonesia, Philippines, Malaysia, Taiwan, Vietnam, Hong Kong, New Zealand, Singapore, Myanmar, and the rest of the Asia-Pacific (APAC) region.
Plasma Derived Therapy Market- Competitive Landscape:
The Asia-Pacific market is witnessing significant growth owing to development in healthcare infrastructure which is contributing majorly to market growth. Market participants are undertaking different strategies to significantly increase their market's size. Growing public knowledge of the advantages of medicines derived from plasma has contributed to the market's notable revenue growth over time. The government and major industry participants have launched numerous beneficial programs to promote blood donation, which will further bolster the market growth.
Recent Developments:
In March 2023, Takeda Pharmaceutical Company Limited has planned to invest $770 million for plasma-derived therapy plant in Japan to expand their market position.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC PLASMA DERIVED THERAPY MARKET KEY PLAYERS
CSL Ltd.
Takeda Pharmaceutical Company Limited
BPL
ADMA Biologics
Biotest AG
Octapharma
Grifols
Kamada Pharmaceuticals
SK Plasma
Kedrion
Pfizer
Others
ASIA PACIFIC PLASMA DERIVED THERAPY MARKET, BY PRODUCT
Immunoglobulin
Coagulation factors
Albumin
Others
ASIA PACIFIC PLASMA DERIVED THERAPY MARKET, BY APPLICATION
Hemophilia
Primary immunodeficiency disease
Idiopathic thrombocytopenic purpura
Others
ASIA PACIFIC PLASMA DERIVED THERAPY MARKET, BY END-USER
Hospitals
Ambulatory Surgical Centers
Others
ASIA PACIFIC PLASMA DERIVED THERAPY MARKET, BY REGION
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Malaysia
Taiwan
Vietnam
Hong Kong
New Zealand
Singapore
Myanmar
Rest of APAC