The Latin America Plasma Fractionation Market was worth USD 2.91 billion in 2016 and is projected to be growing at a CAGR of 5.2%, to touch USD 3.75 billion by 2021. Plasma is the liquid portion of blood. It consists of red cells, white cells and platelets suspended in it, and also contains thousands of distinctive proteins and other materials like electrolytes, minerals, hormones, etc., which are essential for the regular function of the human body. Plasma supports in maintaining blood pressure and body temperature management.
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There are many therapeutic uses for the proteins present in plasma. For example, Albumin is commonly used to rejuvenate and maintain blood volume after traumatic injury, during surgery and during the interchange of plasma.
The growth of the Latin America Plasma Fractionation Market is mainly driven by factors such as high prevalence of blood disorders spread among a huge population base, growing awareness about blood abnormalities, and the leaps in technological clinical advancements. Adversarial reactions associated with the procedure of plasma fractionation and transfer, high costs of plasma products and unfavourable reimbursement policies are the main constraints of market growth.
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The Latin America Plasma Fractionation Market is segmented on the basis of Product, Application, End User and Geography. Based on Product, the market is divided into Albumin, Immunoglobulin, Factor VIII, and Protease Inhibitors. Based on Application, the Plasma Fractionation Market is segmented into Neurology, Haematology, Rheumatology, Pulmonology, and Immunology. Based on the End User, it is categorized into Hospital and Clinical Laboratories
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia. There is potential for a market boom in the future due to increasing awareness among patients about plasma fractionation and infrastructural & pharmaceutical investments by administrative bodies.
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The significant players in the Latin America Plasma Fractionation market are CSL Ltd. (Australia), Grifols S.A (Spain), Baxalta Incorporated (U.S.), Octapharma AG (Switzerland), KedrionS.p.A (Italy), Bio Products Laboratory (U.K.), Sanquin (Netherland), China Biologic Products, Inc. (China), Biotest AG (Germany), and Laboratoire Français du Fractionnementet des Biotechnologies (France).
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