The North America Plasma Fractionation Market was worth USD 6.21 billion in 2016 and is projected to be growing at a CAGR of 8.3%, to touch USD 9.25 billion by 2021. Plasma Fractionation consists of the fractionation of blood into its constituent parts of red cells, white cells and platelets, which are suspended in plasma. The plasma is studied for deficiencies relating to blood disorders and replaced or supplemented with a cure.
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Plasma, which constitutes about 55% of blood by volume consists of several different proteins numbering into the thousands, and other substances like minerals, hormones, etc. There are many therapeutic uses for the proteins present in plasma. For example, Albumin is commonly used to rejuvenate and maintain blood volume after traumatic injury, during surgery and during the exchange of plasma.
The growth of the North American Plasma Fractionation Market is mainly driven by factors such as the rising use of immunoglobulins, which are basically antibodies, the increasing incidence of immune and bleeding disorders, growing occurrence of Alpha-1 Antitrypsin deficiency and the aging population which is prone to blood related ailments. However, adversarial reactions related with the procedure of plasma fractionation and transfer, high costs of plasma products and unfavourable reimbursement policies are the main constraints of market growth.
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The North America Plasma Fractionation Market is segmented on the basis of Product, Application, End User and Geography. Based on Product, the market is divided into Albumin, Immunoglobulin, Factor VIII, and Protease Inhibitors. Based on Application, the Plasma Fractionation Market is segmented into Neurology, Haematology, Rheumatology, Pulmonology, and Immunology. Based on the End User, it is categorized into Hospital and Clinical Laboratories.
The North American market has been geographically segmented into segmented into US and Canada. North America took the major chunk of the Global Plasma Fractionation market share in 2016, with the U.S. accounting for a major share. Swift introduction of new blood related procedures driven by the increasing incidence of blood disorders due to the growing population age are driving the North American Plasma Fractionation Market.
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The important players in the North America Plasma Fractionation market are CSL Ltd. (Australia), Grifols S.A (Spain), Baxalta Incorporated (U.S.), Octapharma AG (Switzerland), KedrionS.p.A (Italy), Bio Products Laboratory (U.K.), Sanquin (Netherland), China Biologic Products, Inc. (China), Biotest AG (Germany), and LaboratoireFrançais du Fractionnementet des Biotechnologies (France).
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