Plasma Fractionation Market to Grow at a CAGR of 7.1% During 2022-2029

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According to Fortune Business Insights, The global plasma fractionation market size was USD 28.69 billion in 2021. The market is projected to grow from USD 30.64 billion in 2022 to USD 49.61 billion

The global plasma fractionation market size was USD 28.69 billion in 2021. The market is projected to grow from USD 30.64 billion in 2022 to USD 49.61 billion by 2029 at a CAGR of 7.1% during the 2022-2029 period. Fortune Business Insights™ publishes this information in a report titled, "Plasma Fractionation Market, 2022-2029". As per the report, the market is projected to grow during the forecast period due to increasing immunodeficiency disorders among population.

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COVID-19 Impact:

Restricted Plasma Collection Activities Hindered Market Growth

The COVID-19 pandemic greatly impacted various industries due to strict restrictions and limitations on operations. Also, plasma collection practices were disrupted, affecting the plasma fractionation market growth during the pandemic period. Also, due to the rising number of COVID-19 cases, hospitals were entirely occupied by emergency cases, and plasma therapies for non-critical conditions were not prioritized during the initial lockdown phase.

Segments:

Protease Inhibitor Segment to Grow Significantly

By product, the market of plasma fractionation is categorized into immunoglobulin, albumin, coagulation factors, protease inhibitors, and others. The protease inhibitors segment is anticipated to dominate the global market due to rising product demand. Also, the immunoglobulin segment is further sub-segmented into intravenous immunoglobulin and subcutaneous immunoglobulin. The coagulation factors are sub-segmented into factor IX, factor VIII, prothrombin complex concentrates, fibrinogen concentrates, and others.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:https://www.fortunebusinessinsights.com/industry-reports/plasma-fractionation-market-101614

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