The plasma fractionation market in APAC is expected to grow from US$ 5,854.65 million in 2021 to US$ 9,433.53 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.
Australia, China, India, Japan, and South Korea are major economies in APAC. The market players associated with metabolomics are actively exploring the possible innovative technologies to facilitate researchers and medical care as the plasma containing the essential components to treat a disease, such as antibodies. Various studies are being carried out on the possible applications of plasma for illnesses that are difficult to cure by employing traditional approaches. Moreover, rising awareness about the advantages of blood donation and applications of plasma among people is expected to open new scope for the market. Hence, novel diseases getting treated with use of plasma therapy is the major factor driving the growth of the APAC plasma fractionation market.The supply chain disturbances and the tremendous demand for efficient treatments for the therapy of COVID-19 have put the healthcare research industry in a crucial situation in the APAC region. Preventive measures have been taken to control the spread of this pandemic. The COVID-19 pandemic has broadly affected the economies in the APAC region. Countries such as India, China, Japan, and South Korea were adversely affected by the pandemic. The socioeconomics was severely affected, rising in negative inflation, GDPs, and a regional unemployment surge.Countries such as China, Japan, Singapore, and South Korea are seeing an increased interest in clinical trials. High costs in western countries are also contributing to the flow of medical affairs outsourcing to the APAC region. To expand sales to the Asian market, pharmaceutical companies are becoming aware of new and changing regulatory environments for drugs, devices, and in-vitro diagnostics. New or improved regulations are implemented frequently in Asia, including changes in GMP standards, drug price controls, and medical device regulatory systems. Third-party guidance and advice are required as a part of any acquisition or improvement of current standards. Increasingly, third-party outsourcing service providers are playing a more significant role in supporting the associated market in APAC. However, the market is stabilized compared to the initial phases of the pandemic, owing to the control procedures, awareness among people, availability of vaccinations, and supportive government policies of the business in the related market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC plasma fractionation market. The APAC plasma fractionation market is expected to grow at a good CAGR during the forecast period.
APAC Plasma FractionationMarket Revenue and Forecast to 2028 (US$ Million)
APAC Plasma Fractionation Market Segmentation
APAC Plasma Fractionation Market – By Product
- Immunoglobulin
- Intravenous Immunoglobulin (IVIG)
- Subcutaneous Immunoglobulin (SCIG)
- Albumin
- Coagulation Factor Concentrates
- Protease Inhibitors
- Other
APAC Plasma Fractionation Market – By Application
- Neurology
- Immunology
- Hematology
- Critical Care
- Pulmonology
- Others
APAC Plasma Fractionation Market – By End User
- Hospitals and Clinics
- Clinical Research Laboratories
- Academic Institutes
APAC Plasma Fractionation Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Plasma Fractionation Market - Companies Mentioned
- Bharat Serums and Vaccines Limited (BSV)
- Bio Products Laboratory Ltd.
- CSL Limited
- Grifols, S.A.
- Kedrion S.p.A
- Octapharma AG
- PlasmaGen Biosciences Pvt. Ltd.
- SK Plasma
Asia Pacific Plasma Fractionation Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 5,854.65 Million |
| Market Size by 2028 | US$ 9,433.53 Million |
| CAGR (2021 - 2028) | 7.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
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