Platelet & plasma market To Surpass USD 7.1 Billion By 2026

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Platelet and Plasma Market To Surpass USD 7.1
Billion By 2026 Global Market Insights, Inc.
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• Platelet and Plasma Market Scenario

• The increasing prevalence of liver diseases among
  the elderly population owing to functional
  limitations will favor market growth. Rising
  cases of liver cirrhosis, alcohol-related liver
  disease, non-alcoholic steatohepatitis, liver
  cancer, pediatric liver disease, hepatocellular
  carcinoma among others will propel the platelet
  and plasma market during the forecast period.
• According to the American Liver Foundation, about
  21,000 men and 8,000 women are affected by liver
  cancer each year in the U.S. Thus, increasing
  cases of liver associated disorders across the
  globe will augment the platelet and plasma market
  growth.
• Based on the component, the market is segmented
  into platelets and plasma. Plasma segment
  accounted for over 33 market share in 2019.
  Plasma can be used for the treatment of various
  diseases. Usage of plasma for individuals
  suffering from a burn, shock, along with liver
  disease and multiple clotting factor deficiencies
  will favor the segmental growth. The increasing
  prevalence of chronic and neurological diseases
  requiring plasma for treatment will augment the
  segmental progression.

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• Based on the application, the market is segmented
  into hemophilia, thrombocytopenia, platelet
  function disorders, thrombotic thrombocytopenic
  purpura, liver disease, hemorrhage, perioperative
  indications, among others. The hemorrhage segment
  is expected to account for around 2 CAGR during
  the analysis period. Hemorrhage refers to
  abnormal blood loss inside and outside the body.
  Postpartum hemorrhage (PPH) refers to a heavy
  loss of blood post-pregnancy.
• According to the World Health Organization (WHO),
  postpartum hemorrhage is one of the leading
  causes of maternal mortality in low-income
  countries. The demand for platelets and plasma
  for treatment of hemorrhage especially postpartum
  hemorrhage will propel the segmental growth.

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• Regional Analysis

• Asia Pacific platelet and plasma market accounted
  for over USD 1.7 Billion market value and is
  projected to experience substantial growth during
  the analysis period. Developing healthcare
  infrastructure couple will lead to a rise in
  plasma and platelet demand. Moreover, surging
  initiatives by several organizations such as the
  Indian Red Cross Society to create awareness for
  blood donation will foster the Asia Pacific
  market growth.

• Competitive Analysis

• Some of the prominent business players operating
  in platelet and plasma industry include Americas
  Blood Centers, American Association of Blood
  Banks, American Red Cross, European Blood
  Alliance, Indian Red Cross, Blood Centers of
  America, Japanese Red Cross, South African Red
  Cross Society, Italian Red Cross, and OneBlood.
  These market players are focusing on developing
  innovative services to encourage blood donation

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