Plasma Protein Therapeutics Market to Advance at CAGR of 7.0% during 2019-2027, TMR Study

ALBANY, N.Y., Feb. 10, 2022 /PRNewswire/ -- Advancements in apheresis technology and protein purification processes have propelled research and development of recombinant protein therapeutics in order to treat autoimmune and infectious diseases. The growing adoption of specific fractionators, along with adoption of regulatory and quality policies, has led to high quality and safety of plasma collection. The global valuation of the plasma protein therapeutics market is projected to expand at CAGR of 7.0% during 2019–2027.

Focus on effectiveness of intravenous immunoglobulin (IVIG) therapies in autoimmune and inflammatory diseases has spurred R&D in immunoglobulins (IG). The revenue sales of products in the plasma protein therapeutics market have thrived from the growing application of plasma-derived IG in autoimmune neurologic diseases.

Some of the lucrative application areas are primary immunodeficiency disorder (PID), idiopathic thrombocytopenic, purpura, secondary immunodeficiency, and hereditary angioedema, finds a TMR study on the plasma protein therapeutics market.

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Key Findings of Plasma Protein Therapeutics Market Study

• Off-label use of IG Has Risen: Widespread use of off-label prescription of immunoglobulins (IG) has spurred the revenue generation, observe the authors of the in-depth study on the plasma protein therapeutics market. The use is evident particularly for neurological disorders. Several clinical indications of IVIG have emerged in recent years, notably in multifocal motor neuropathy (MMN) and acute panautonomic polyneuropathy. The vast promise of IVIG immunomodulatory and anti-inflammatory therapy will bolster sales revenues of key companies in the plasma protein therapeutics market.
• Stringent Implementation of Quality Standards to Boost Product Safety & Efficacy: Manufacturers and drug companies have been increasingly adopting multiple safety approaches to boost compliance with the regulations for plasma protein drugs. Regulations in the plasma protein therapeutics market are fast evolving especially in Europe. For instance, fractionators are used for ensuring high quality of the raw materials used by drug developing companies, observe the analysts in the TMR study.
• Advancements in Protein Purification Technologies Enrich Landscape: The introduction of new plasma protein has paved the way to new avenues in the plasma protein therapeutics market. Some of the emerging plasma protein therapies are ceruloplasmin, IgA, and plasmin. Furthermore, the adoption of cost-effective procedures for fractionating proteins has enriched the market landscape, notes an in-depth study on the plasma protein therapeutics market. The need for novel therapies for wide range of autoimmune and acute inflammatory conditions has spurred production of plasma-derived therapies in recent years.

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Plasma Protein Therapeutics Market: Key Drivers

• Drug developers are keen on leveraging emerging approaches protein-engineering technologies in order to harness functional characteristics of therapeutic protein drugs. This has set the tone of innovation in plasma protein therapeutics.
• The drive for novel treatments for rare cancers is expected to sustain the momentum in the expansion of lucrative avenues in the plasma protein therapeutics market.

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Plasma Protein Therapeutics Market: Regional Growth Dynamics

North America is expected to be at the forefront of driving lucrative avenues in the plasma protein therapeutics market globally. The growth is expected to be primarily driven by rapidly growing industry interest in IVIG. Rise in demand for C1 esterase inhibitors has also spurred revenue generation, finds an in-depth market study.

Plasma Protein Therapeutics Market: Key Players

Some of the key players in the plasma protein therapeutics market are Shire Plc., China Biologics, Octapharma USA, Inc., Kedrion, GRIFOLS, S.A, CSL Behring, and Baxter International.

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The Plasma Protein Therapeutics Market has been segmented as follows:

• Global Plasma Protein Therapeutics Market , by Product Type
• Immunoglobulin
• Albumin
• Coagulation Factor
• C1-esterase inhibitors
• Others
• Global Plasma Protein Therapeutics Market , by Application
• Hemophilia
• "Primary Immunodeficiency
• Disorder (PID)"
• "Idiopathic Thrombocytopenic
• Purpura"
• Secondary Immunodeficiency
• Hereditary Angioedema
• Other applications
• Global Plasma Protein Therapeutics Market , by Region
• North Americ
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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