The North American Plasma Protein Therapeutics Market is currently valued at USD 10080.81 Million in 2023 and held the most dominant share in the global market and is estimated to reach USD 15138.85 Million by the end of 2028, registering a CAGR of 8.47% between 2023 to 2028.
The rising prevalence of autoimmune disorders, immune deficiency disorders, neurological and bleeding disorders are the primary reasons driving the expansion of the plasma protein therapeutics market in North America. Along with these considerations, the growing geriatric population in North America is a significant driver of market expansion, as the old are more susceptible to neurological problems.
Furthermore, biotechnology and pharmaceutical businesses are increasing their efforts in research and development initiatives, encouraging market growth. The plasma protein segment's current research and development is expected to drive its utilization in various applications. In the subsequent years, the increased use of therapeutic protein medicines in treating a wide range of clinical complaints is expected to provide this market with unique growth prospects.
To improve patients' quality of life and ensure donor safety, the plasma protein business has relied on quality and innovations. Plasma obtained through apheresis or whole blood donation processing can be assembled or divided into plasma protein products containing one or more pure plasma proteins or directly transfused to patients.
However, factors such as tight processing requirements for plasma protein products and a lack of acceptable reimbursement mechanisms are hampering the market's expansion. Furthermore, plasma collection standards in underdeveloped countries do not meet the fractionator's needs. To maintain the quality of their operations, these places have strict laws and regulations, starting with the quality of the raw materials. Plasma fractionators are specifically designed for this purpose. In addition to the fact that it is a complicated technology, raw material costs and numerous safety requirements influence the cost of these things. As a result, maintaining access to plasma protein therapy requires appropriate funding.
This research report on the North America plasma protein therapeutics market has been segmented and sub-segmented into the following categories:
Geographically, the North American regional market is likely to remain the leader in the global plasma protein therapeutics market throughout the forecast period. A growing number of people are suffering from autoimmune and neurological diseases, supporting market growth. The United States is expected to be the primary market in this region. In addition, budgets for healthcare are under increasing strain. Plasma protein therapies have been dragged into the landscape of Health Technology Assessments (HTA), including the prospective use of cost-utility analysis (CUA) to distribute reimbursement monies, thanks to funding through reimbursement pathways from commercial and public payers.
The region's growing senior population further expands the patient pool, as the elderly are more susceptible to neurological illnesses. Furthermore, favorable government initiatives, rising blood donor awareness, the availability of improved protein fractioning processes, higher per capita income in developed countries, and an increase in the number of research collaborations are all projected to boost market expansion in the region.
KEY MARKET PLAYERS:
Grifols, CSL Behring, Baxter, Krdrion, China Biologics, Octapharma, Chendu Inst, and Shire Plc play a leading role in the North American Plasma Protein Therapeutics Market.
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