The Global Plasma Protein Therapeutic Market, estimated at USD 33.99 Bn in 2025, is expected to exhibit a CAGR of 6.5% and reach USD 52.82 Bn by 2032.
The market growth is driven by increasing demand for innovative and effective drugs across diverse therapeutic areas. Advances in drug discovery, biopharmaceuticals, and digital technologies are improving treatment outcomes and operational efficiency. Supportive regulations, rising R&D investments, and a strong focus on patient-centric care are creating new opportunities for pharmaceutical companies.
The key market players are focused on adopting various business development activities, such as product launches and others, which, in turn, is expected to propel the market growth over the forecast period. For instance, in May 2020, Bio Products Laboratory (BPL), a leading manufacturer of plasma-derived protein therapies, announced the U.S. launch of ALBUMINEX 5% (human albumin) solution for injection and ALBUMINEX 25% (human albumin) solution for injection, with supply immediately available. ALBUMINEX 5% and ALBUMINEX 25% are approved by the U.S. Food and Drug Administration (FDA) for the treatment of hypovolemia, ascites, and hypoalbuminemia including from burns, acute nephrosis, acute respiratory distress syndrome (ARDS), and cardiopulmonary bypass.
Global Plasma Protein Therapeutic Market – Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spread quickly and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others, faced problems with regard to the transportation of drugs from one place to another.
Lockdowns or shutdowns imposed in many countries had a negative impact on the economy of the private healthcare sector globally.
On the other hand, the COVID-19 pandemic impacted the global plasma protein therapeutic market in several ways:
- Disruption of Supply Chains: Restrictions on the movement and shutdown of plasma collection centers, particularly in the early stages of the pandemic, led to a decrease in plasma donations and subsequent supply chain disruptions
- Shift in Healthcare Priorities: With healthcare resources focused on combating the pandemic, there was a potential deprioritization of research and development for non-COVID-related treatments, including plasma protein therapeutics
- Economic Challenges: The economic downturn affected both consumers' and healthcare providers' abilities to afford and procure treatments, possibly leading to decreased demand for certain plasma protein therapies.
- Delayed Diagnoses and Treatments: The reluctance or inability of patients to visit healthcare facilities due to COVID-19 fears may have resulted in delayed or missed diagnoses and treatments, impacting the demand for plasma protein therapies
Global Plasma Protein Therapeutic Market: Key Developments
In September 2022, Grifols, a global leader in plasma-derived medicines manufacturing, announced that it has signed a pioneering long-term agreement with Canadian Blood Services, Canada’s national blood authority, to greatly increase the country’s self-sufficiency in immunoglobulin (Ig) medicines, essential plasma-protein therapies used to treat a wide range of immunodeficiencies and other medical conditions