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(Medical-NewsWire.com, May 14, 2018 ) Middle East and Africa Plasma Fractionation Market was worth USD 1.75 billion in 2016 and is projected to be growing at a CAGR of 4.02%, to touch USD 2.13 billion by 2021. Plasma is the liquid portion of blood which consists of red cells, white cells and platelets suspended in it, and also contains thousands of various proteins and other substances like electrolytes, minerals, hormones, etc., which are necessary for the normal function of the human body.
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Plasma Fractionation is the process of fractionation of blood into its constituent parts of red cells, white cells and platelets, which are suspended in plasma. The plasma is studied for deficiencies relating to blood disorders and replaced or supplemented with a cure. Maintenance of blood pressure and the regulation of body temperature are among the vital functions of Plasma.
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The growth of the Middle East and Africa Plasma Fractionation Market is mainly driven by factors such as the increasing occurrence of bleeding and immunity disorders related to blood, the rising use of albumin and immunoglobulins and growing aging population. High costs of plasma products and the side-effects related to plasma fractionation & plasma exchange are among the factors that hinder the growth of the Middle East and Africa Plasma Fractionation Market.
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The Middle East and Africa 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.
The market has been geographically segmented into Middle East and Africa. The high occurrence of blood related diseases and rising awareness leading to increasing demand for Plasma Fractionation are predicted to drive the market growth in the future. Currently, the Middle-East and Africa NIPT market faces slow growth due to very low awareness about these techniques among the populace which is further amplified by low capital investments in this sector.
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The key players in the Middle-East and Africa Plasma Fractionation market are CSL Ltd. (Australia), Grifols S.A (Spain), Baxalta Incorporated (U.S.), Octapharma AG (Switzerland), Kedrion S.p.A (Italy), Bio Products Laboratory (U.K.), Sanquin (Netherland), China Biologic Products, Inc. (China), Biotest AG (Germany), and Laboratoire Français du Fractionnement et des Biotechnologies (France).
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