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(Medical-NewsWire.com, August 24, 2017 ) The Middle-East and Africa Plasma Protein Therapeutics Market is currently valued to be $1.92 Billion market in 2016 held the most dominant share in global market and is estimated to reach $2.77 billion by the end of 2021 with a growth rate of 7.5%. Recent years have witnessed the increased usage of plasma proteins in medical applications. The advancements in technology has made the process for fractionating the protein from plasma more efficient and cost saving and is a huge boost to the market. Reports from suggest that half of the global blood donors are from high income countries which constitutes only 18% of the global population. Rising awareness among individuals regarding the significance of blood donations and government initiatives helped the market to propel the market at a significant rate.
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Plasma is a protein rich fluid which is responsible for blood clotting and providing immunity towards diseases. Isolation of these proteins from plasma can be helpful to provide medical therapies which includes immune deficiencies, autoimmune, neurological and bleeding disorders. Plasma protein therapies helps in replacing the deficient or missing proteins and helps the individual to lead a normal life. The therapies involves either the injection or infusion of the biological medicines as a treatment to life-threatening genetic and chronic diseases.
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Introduction of new plasma–derived therapies in the market is the key driving force for the market along with a host of others drivers that include increasing prevalence of life threatening diseases involving neurological or immune systems like chronic inflammatory demyelinating polyneuropathy (CIPD), Ideopathic thrombocytopenic purpura (ITP) and other diseases such as Rabies, Hepatitis A&B, Tetanus and varicella. However, there are few hurdles the market must overcome to sustain in the future which including reimbursement issues, stringent regulatory policies and complexities in manufacturing
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The Middle-East & Africa Plasma Protein Therapeutics Market is categorised based on type of the product as Albumin, Immunoglobulins, alpha-1 proteinase inhibitors and others. By application, the market is segmented as Idiopathic Thrombocytopenic Purpura, Primary Immunodeficiency Disorder, Secondary Immunodeficiency and others. On the basis of geography region, Middle-East & Africa is categorised as UAE, Saudi Arabia, Israel and others.
The major companies in the plasma protein therapeutic market are Grifols, CSL Behring, , Baxter, Krdrion, China Biologics, Octapharma, Chendu Inst. and Shire Plc.
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