Global Plasma Therapy Market Outlook, Opportunities And Strategies
Learn about the global plasma therapy market through The Business Research Company, which provides information on plasma therapy market size, plasma therapy market drivers and restraints, plasma therapy market players, the COVID-19 impact on the plasma therapy market, and more.
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The global plasma therapy market is expected to grow from $0.23 billion in 2020 to $0.25 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The plasma therapy market is expected to reach $0.32 billion in 2025 at a CAGR of 6%.
The rising prevalence of osteoarthritis is expected to drive innovation in plasma therapy, thus driving the market during the forecast period.
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The plasma therapy market consists of revenues generated by the companies that are engaged in selling and manufacturing plasma therapy products and related services. Plasma therapy is a technique where high concentrations of plasma are transfused or injected to patients to facilitate the healing process. Plasma therapy is frequently used for facial rejuvenation, androgenetic alopecia, and wound healing among others.
Global plasma therapy market segments include:
By Type: Pure PRP, Leukocyte-rich PRP, Pure Platelet-rich Fibrin (PRF), Leukocyte-rich Fibrin (L-PRF)
By Application: Orthopaedics, Arthritis, Chronic Tendinitis, Bone Repair & Regeneration, Dermatology, Androgenic Alopecia, Plastic Surgery, Dental, Cardiac Muscle Injury, Others
By End-Users: Hospitals & Clinics, Laboratories, Research Institutes
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Convalescent plasma therapy, to treat patients suffering from COVID-19 is a leading trend in the plasma therapy market. Convalescent plasma is the plasma extracted from the individuals who have been cured of a particular viral infection, as they have antibodies that protect and make them immune to that particular organism. The convalescent plasma is transfused to the patient who is suffering from the viral infection to neutralize the viral infection and induce the active immune response to cure the infection. Convalescent plasma therapy is found to be a safe treatment to cure the patients infected with the coronavirus. Moreover, this therapy was used to treat other viral infections such as Ebola, Dengue, and SARS- 1 but did not give the desired result.
TBRC’s plasma therapy market report covers:
Major Market Players: Takeda Pharmaceutical Company Limited, Bio Products Laboratory Ltd., Arthrex, Inc., Biotest AG, China Biologic Products Holdings, Inc., DePuy Synthes Companies, CSL Limited, Grifols, S.A., Octapharma, and Terumo BCT Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Plasma Therapy Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides plasma therapy market overviews, analyzes and forecasts market size, share, plasma therapy market players, plasma therapy market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s plasma therapy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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