According to the latest research by FMI, Specialty Control Plasma Market is set to witness a 10.6% growth during the year 2021-2031. The specialty control plasma has gained significant traction by their application in the treatment of a range of conditions such as cardiac insufficiency, immune deficiency, hemorrhages, neurological conditions and infectious diseases. Additionally, specialty control plasma are used by clinical labs for assays to diagnose coagulation disorders such as hemophilia.
The advancement in the process of blood therapeutics and the key application of specialty control plasma in rheumatology, neurology, oncology, immunology, hematology and transplant have proven to be vital in patient care.
What is Driving Demand for Specialty Control Plasma?
The specialty control plasma demand is driven by the rising instances of need of diagnostics for various coagulation disorders. The rising incidence of various autoimmune disorders, such as hemophilia and the growing role of the plasma and its derivative products in the diagnosis as well as treatment of the disorders has significantly acted as a catalyst to the specialty control plasma demand.
In addition, the growing awareness about specialized plasma products and their uptake, especially in the developed economies has added traction to the demand of specialty control plasma. Furthermore, special insurance aid policies by various bodies like the National Hemophilia Foundation, is expected to aid in the development of specialty control plasma.
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Which Factors are Likely to Augment Growth of Specialty Control Plasma Adoption?
Factors likely to augment the growth of specialty control plasma are the advancements in the specialized plasma-derived products and the plasma fractionation process. The rising geriatric population around the world and the prevalence of infectious diseases is also likely to act as a propelling factor for the specialty control plasma adoption for treatment and patient care.
Apart from this, the rising reported misdiagnosed conditions such as coagulation disorders is set to push the uptake of specialty control plasma for a significantly accurate diagnosis or detection. The advancements in biomedical technologies and detection assays as well as the growing awareness in terms of detection of immunological disorders is set to supplement the growth of specialty control plasma.
US and Canada Specialty Control Plasma Outlook
The specialty control plasma value is expected to experience a profitable growth in the region of North America over the forecast period. The current stance of this region is dominating globally in terms of development and manufacture of specialty control plasma.
The largest player in US and Canada, Precision Biologics, recently launched CRYOcheck for diagnosis of hemophilia A. Therefore, the growth of specialty control plasma in the region of North America is fueled by the rise in expenditure by various biotechnology companies as well as rising rate of improved healthcare structure.
Europe Demand Outlook for Specialty Control Plasma
The Europe specialty control plasma market is set to become the most lucrative segment over the forecast period owing to the high incidence of chronic diseases and the recognition and visibility of rare diseases as defined by the European Commission.
About 5000 – 8000 rare diseases are prevalent and affect almost 6-8% of the European population. The increasing fund allocation for such rare disorders has led to the advancement of specialty control plasma techniques for diagnosis as well as treatment or management of such disorders.
Who are the Key Manufacturers and Suppliers of Specialty Control Plasma?
The key companies dealing with specialty control plasma are
- Precision BioLogic Incorporated
- Baxter BioScience
- Grifols S.A.
- Shire Plc.
- Kedrion S.p.A.
- China Biologic Products (Shandong Taibang)
- Biotest AG
- Talecris Biotherapeutics
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