Global plasma expander market size was valued at US$ 6.96 Bn in 2023 and is projected to reach US$ 15.9 Bn by 2030, by exhibiting a compounded annual growth rate (CAGR) of 12.5% from 2023 to 2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 6.96 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
12.50% |
2030 Value Projection: |
US$ 15.9 Bn |
Figure 1. Global Plasma Expander Market Share (%), By Region, 2023

The global plasma expanders market is witnessing a significant growth over the past few years. Plasma expanders are blood volume replacement fluids used during surgery or trauma to increase intravascular volume of circulating blood and effective circulating volume. They prevent or treat hypovolemic shock by expanding blood plasma on an emergency basis in case when transfusion of blood products is not feasible. Some common plasma expanders include albumin, dextran, hydroxyethyl starch, and gelatin. Growth of this market can be attributed to growing number of surgical procedures, trauma and accident cases, rising geriatric population, and increase in chronic diseases. However, factors such as side effects associated with plasma expanders and high costs of treatment may hamper the market growth.
Market Dynamics
Global plasma expander market is primarily driven by the growing prevalence of trauma, burns, and surgical procedures that often involve significant blood loss. According to the World Health Organization (WHO), over 4.5 MN people suffer fatal injuries annually worldwide. Road accidents, violence, wars, and other such causes have contributed to rising trauma cases. Moreover, according to the American Burn Association, over 450,000 burn injuries are treated in specialized American burn centers each year. Plasma expanders form an integral part of the management of hemorrhagic shock in such conditions. However, factors such as the high costs of synthetic colloids and side effects with excessive or prolonged use restrain the market growth. On the other hand, ongoing research on new plasma expander formulations presents an opportunity for market expansion over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global plasma expander market, and provides market size (US$ Bn ) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global plasma expander market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Baxter International Inc., Fresenius SE & Co. KGaA, CSL Limited, Grifols, S.A., B. Braun Melsungen AG, Hikma Pharmaceuticals PLC, Octapharma AG, Terumo Corporation, JW Life Science, Haemonetics Corporation, Macopharma, ADMA Biologics, Biotest AG, and Takeda Pharmaceutical Company Limited
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global plasma expander market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global plasma expander market
Detailed Segmentation:
- Global Plasma Expander Market, By Type:
- Albumin
- Dextran
- Hydroxyethyl Starch
- Gelatin
- Others
- Global Plasma Expander Market, By Product Type:
- Global Plasma Expander Market, By Application:
- Trauma and Surgical Procedures
- Burn Management
- Hypovolemia
- Sports Medicine
- Others
- Global Plasma Expander Market, By End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others
- Global Plasma Expander Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles
- Baxter International Inc.
- Fresenius SE & Co. KGaA
- CSL Limited
- Grifols, S.A.
- Braun Melsungen AG
- Hikma Pharmaceuticals PLC
- Octapharma AG
- Terumo Corporation
- JW Life Science
- Haemonetics Corporation
- Macopharma
- ADMA Biologics
- Biotest AG
- Takeda Pharmaceutical Company Limited