Sellbyville, DE -- (SBWIRE) -- 06/03/2019 -- The Platelet and Plasma Market is set to exceed USD 6.5 billion by 2024; according to a new research report by Global Market Insights. Increasing prevalence of chronic diseases such as liver cirrhosis, non-alcoholic steato-hepatitis (NASH) hepatocellular carcinoma and other liver diseases will fuel the market growth during the foreseeable years. Liver diseases are the fifth most common cause of mortality across the world. According to American Association for the Study of Liver Diseases, in 2014, liver diseases such as alcoholic liver disease, viral hepatitis and nonalcoholic fatty liver disease affected more than 300 million people in China.

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Geriatric population is susceptible to various liver diseases owing to functional limitations growing with age. Growing cases of liver diseases coupled with rising geriatric population base will stimulate the demand for platelets and plasma for treatment of aforementioned liver diseases thereby augmenting the platelet and plasma market growth. Growing number of blood transfusions globally is another impact rendering factor for the growth of platelets and plasma market. According to European commission's 2017 annual report, more than 25 million units of blood and blood components were being issued for the purpose of transfusion in Europe.

Blood transfusion is an essential medical procedure that plays a crucial role for supporting different healthcare specialties across the world. Isolation of blood components such as red blood cells, platelets, plasma and other essential components of blood is primarily done through blood transfuion. Increasing blood transfusions will consequently drive the platelets and plasma market over the forecast period. However, stringent regulatory policies pertaining to plasma collection and escalating price pressure will impede the market growth over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- America's Blood Centers
- American Red Cross
- Blood Centers of America
- Brazilian Red Cross
- Canadian Red Cross
- European Blood Alliance
- German Red Cross
- Indian Red Cross Society (IRCS)
- Italian Red Cross
- Saudi Red Crescent Authority
- South African Red Cross Society (SARCS)
- Spanish Red Cross

Plasma segment of platelet and plasma market accounted for more than 33% of industry share in 2017.The segment is forecasted to witness robust growth due to increasing prevalence of rare diseases such as hemophilia, hereditary angioedema, autoimmune diseases, and other infectious diseases. Use of plasma as the only therapeutic strategy available for treatment of certain diseases in case of unavailability of vaccines, drugs or other specific treatments will fuel the demand for plasma. For instance, use of plasma for treatment of Ebola virus during its outbreak in West Africa. Furthermore, use of plasma in patients suffering from burns, shock, trauma and other emergencies will augment the segment growth during the forthcoming years.

Hemophilia segment of platelet and plasma market accounted for a revenue of more than USD 320 million in 2017 and is estimated to grow considerably over the analysis period. Hemophilia is a bleeding disorder that prevents normal clotting of blood. According to National Hemophilia Foundation, more than 4,00,000 people across the world suffered from hemophilia in 2017. Around 75% of patients with hemophilia have no access to treatment or receive inadequate treatment. Use of platelets and plasma for treatment of hemophilia will boost the segment growth during the forthcoming years.

U.S. platelet and plasma market dominated industry by holding the global revenue share of over 34% of in 2017. Rising incidences of neurological conditions such as myasthenia gravis, multiple sclerosis and inflammatory dysimmune neuropathies coupled with increasing number of patients suffering from cardiothoracic disorders and orthopedic injuries will serve to be a major impact rendering factor. Moreover, various initiatives undertaken by American Red Cross for creating awareness pertaining to significance of blood donation, availability of advanced healthcare facilities as well as existence of compensated and non-compensated blood donation systems in the U.S. will further fuel the regional growth.

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Chapter 1. Methodology

1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary

2.1. Platelet and plasma industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Component trends
2.1.3. Application trends
2.1.4. Distribution channel trends
2.1.5. Regional trends

Chapter 3. Platelet And Plasma Industry Insights

3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.3. Industry ecosystem
3.3.1. Value chain analysis
3.3.2. Distribution channel analysis
3.4. Industry impact forces

3.4.1. Growth drivers
3.4.1.1. Higher number of blood transfusions in Europe
3.4.1.2. Recent advances in therapeutic protein drug development
3.4.1.3. Increasing prevalence of liver diseases in elderly population globally
3.4.1.4. Exclusive use of plasma for treatment of rare diseases in Europe
3.4.1.5. Fair reimbursement in developed countries

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3.4.2. Industry pitfalls & challenges
3.4.2.1. Stringent regulatory policies
3.4.2.2. Affordability issue in APAC and Latin America due to high costs

Data Tables

TABLE 1. Platelet and plasma industry 360° synopsis, 2013 – 2024
TABLE 2. Global platelet and plasma market, 2013 – 2024 (USD Million)
TABLE 3. Global platelet and plasma market, by component, 2013 – 2024 (USD Million)
TABLE 4. Global platelet and plasma market, by application, 2013 – 2024 (USD Million)
TABLE 5. Global platelet and plasma market, by region, 2013 – 2024 (USD Million)
TABLE 6. Industry impact forces
TABLE 7. Platelets market, by region, 2013 – 2024 (USD Million)
TABLE 8. Plasma market, by region, 2013 – 2024 (USD Million)
TABLE 9. Hemophilia market, by region, 2013 – 2024 (USD Million)
TABLE 10. Thrombocytopenia market, by region, 2013 – 2024 (USD Million)