Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global Plasma Therapy market is fuelling the market growth in the wake of a cost-effective and rapid healing process
The global Plasma therapy market has the potential to grow with USD 327.52 million with bolstering CAGR in the forecast period from 2020-2027. The emerging demand for plasma therapy is owing to the outbreak of coronavirus, emerging cases from sports injuries, and people with low immunity are bolstering market share for the global plasma therapy market.
The plasma therapy is helping to save the lives of people fighting with coronavirus. It is mainly through the way of blood transfusion that the antibodies in the blood of the rehabilitated patients are given to critically ill patients to help the patients' immune system fight the new coronavirus.
The effectiveness is reflected in the reduction of viral load to entirely negative, the increase in the proportion of lymphocytes, the rise in blood oxygen saturation, and the improvement of vital signs and symptoms such as body temperature and breathing.
Moreover, through technological innovation, production process upgrades, product quality improvement, and the expansion of new indications, the demand for plasma therapy is bolstering. Also, the combined treatment of ultrasound and platelet-rich plasma has become an original method for the treatment of various diseases in orthopedics.
Type overview in the Global Plasma Therapy Market
Based on the type, the global plasma therapy market categorized into Pure PRP, Leucocyte-Rich PRP, Pure Platelet-Rich Fibrin, Leukocyte-Rich Fibrin. The leukocyte-rich fibrin type segment accounted for the largest share in the global plasma therapy market. The protein present in leukocyte-rich fibrin help in healing the patient faster. Also, the healing process creates the potential protein cell network that reduces the pain in bones and other tissue post-treatment.
Source overview in the Global Plasma Therapy Market
Based on the source, the global plasma therapy market segmented into Autologous, Allogenic. The autologous source segment is estimated to account for the largest share of the plasma therapy market in the forecast period. It is mainly owing to the rising cases of sports injuries that have occurred that affect the bone and other tissues. With the adoption of plasma therapy, it heals the bones faster, and new treatments are propelling the market share.
Application overview in the Global Plasma Therapy Market
Based on the application, the global plasma therapy market classified into Orthopedics, Dermatology, Dental, Cardiac Muscle Injury, Nerve Injury, Others. The dermatology segment is dominating the market share of the global plasma therapy market. The rising demand for facial rejuvenation process increases the cases of cosmetic procedures. Therefore, the dermatology segment is anticipating bolstering the market share for plasma therapy in the global market.
End-Use overview in the Global Plasma Therapy Market
Based on the end-user, the global plasma therapy market bifurcated into Hospitals & Clinics, Research Institutions. The hospitals & clinics segment has dominated the largest share in the global plasma therapy market. It is owing to the rapid growth of population and urbanization, and the emerging need for increasing health facilities and with cost-effective, quick healing therapies.
Region overview in the Global Plasma Therapy Market
Based on geography, the global plasma therapy market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America region is dominating the market share of the global plasma therapy market. It is mainly due to the rising population of the geriatric population, increasing cases of autologous, and emerging number trauma cases are fueling the market demand for the global plasma therapy.
Global Plasma Therapy Market: Competitive Landscape
Companies such as BioLife Plasma Services, Cambryn Biologics LLC, Biotest, CSL Ltd., Grifols International S.A., Kedrion S.p.A. LFB, Bio Products Laboratory Ltd., China Biologic Products, Inc., Octapharma and others are key players in the global plasma therapy market.