Global Plasma Therapy Market Value to cross USD 438.2 MN By 2026
Posted On October 05, 2020
A market research report anticipates the Global Plasma Therapy Market to reach USD 198.2 MN in 2019. It is estimated to grow and reach USD 438.2 MN mark by 2026. The report publisher, Value Market Research expects a CAGR of 12% during 2020 to 2026.The market's current growth is attributed to the COVID-19 outbreak, where plasma therapy is being explored as an investigational treatment. The demand for plasma therapy due to its effectiveness in treating nerve injury, cardiac muscle injury, orthopedic, dermatological, and dental complications will be a market booster. The growing prevalence of osteoarthritis among the geriatric population will further propel market growth. Increased research, coupled with technological innovations to treat various chronic conditions using plasma therapy, will boost the market growth. This market's most critical challenge is the shortage of convalescent plasma and the multiple risks associated with the transfusion.
Plasma therapy is a treatment method where the blood from a recovered patient is used to establish antibodies and infuse into newly infected patients to fight against the disease. Medically called the convalescent plasma therapy, it is used to treat many serious infectious diseases like the COVID-19 and rare chronic conditions like autoimmune disorders and hemophilia. This old school method involves a blood plasma transfusion to stimulate a person's immune system in creating their antibodies to fight against the disease. Recently plasma therapy has been extensively used to shorten the length of illness and reduce the severity of COVID-19. It could help prevent organ damage and acute respiratory complications developing in a small number of patients.
The first chapter of the report "Global Plasma Therapy Market Report By Source (Allogenic, Autologous), By Type (Eukocyte-Rich Fibrin, Pure PRP, Pure Platelet-Rich Fibrin And Leucocyte-Rich PRP), By Application (Nerve Injury, Orthopedics, Dental, Cardiac Muscle Injury And Dermatology), By End User (Research Institutes, Hospitals & Clinics) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters.
The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future. By Source the market is divided into Allogenic, Autologous. By Type the market is segregated as Eukocyte-Rich Fibrin, Pure PRP, Pure Platelet-Rich Fibrin, Leucocyte-Rich PRP. By Application the plasma therapy market is categorised as Nerve Injury, Orthopedics, Dental, Cardiac Muscle Injury, Dermatology . By End User the plasma therapy market is categorised as Research Institutes, Hospitals & Clinics. The report identifies region which is expected to dominate the market over the next six years among all the regions studied in the report. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Plasma Therapy Market -
- Eukocyte-Rich Fibrin
- Pure PRP
- Pure Platelet-Rich Fibrin
- Leucocyte-Rich PRP
- Nerve Injury
- Cardiac Muscle Injury
By End User
- Research Institutes
- Hospitals & Clinics
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Octapharma, BioLife Plasma Services, Bio Products Laboratory Ltd., Kedrion S.p.A. and CSL Ltd.
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