Plasma Expressor Machine Market Size, Share, Growth, And Industry Analysis, By Type (Manual Plasma Expressor and Automatic Plasma Expressor), By Application (Hospitals, Blood Centers, and Others) Regional Insights and Forecast to 2031

Updated On: 08 July 2024

Plasma Expressor Machine Market Report Overview

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The global Plasma Expressor Machine market size was valued at USD 110 million in 2021 and will reach USD 144.4 million by 2028, exhibiting a CAGR of 3.4% during the forecast period. 

A plasma expressor is a device used in medical settings, particularly during the process of plasma donation or blood collection. Its primary function is to separate and collect plasma from whole blood. During a plasma donation, blood is typically drawn from the donor, and the plasma expressor machine separates the plasma component from the other blood components, such as red blood cells and platelets. The separated plasma is then collected for various medical purposes, including the treatment of certain medical conditions.

The Plasma Expressor Machine market is growing for several reasons. Increased awareness about the importance of plasma donation for therapeutic purposes can lead to a higher number of donations. This, in turn, may drive the demand for devices used in the collection and processing of plasma, such as expressor machines. Diseases that require plasma-derived products for treatment, such as immune deficiencies and bleeding disorders, may contribute to a higher demand for plasma and the machines used in its collection.

COVID-19 Impact: Market Faced a Rise in Demand Due to Increased Demand for Plasma During the Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the Plasma Expressor Machine market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Some patients with severe cases of COVID-19 required plasma transfusions as part of treatment. This increased demand for plasma could have influenced the need for efficient plasma collection methods, potentially affecting the market for Plasma Expressor Machines.

Latest Trends

"Emphasis on Automation and Integration to Make Market More Efficient"

The Plasma Expressor Machine market is as dynamic as any other market. There's a growing trend towards automation and integration of devices in the healthcare sector. Plasma expressor machines that offer seamless integration with other components of the plasma collection and processing system may be favored in the market.

Plasma Expressor Machine Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into manual plasma expressor and automatic plasma expressor. 

In terms of service, automatic plasma expressor is the largest segment. Manual expressors are suitable for smaller facilities or those with lower plasma processing volumes. Automated controls manage the speed, pressure, and other parameters during the plasma collection process.

• By Application Analysis

Based on application, the market can be divided into hospitals, blood centers, and others.

In terms of services, hospitals are the largest segment. Hospitals may rely on plasma and plasma-derived products for emergency situations, such as trauma cases, surgeries, and other medical procedures where specific blood components are required. Plasma expressor machines are used in hospital blood banks to facilitate the collection of plasma from voluntary donors. Plasma donation is vital for providing essential components for various medical treatments and therapies.

Driving Factors

"Increasing Demand for Plasma Products have Increased Demand in the Market"

The growing demand for plasma-derived products, including clotting factors, immunoglobulins, and albumin, contributes to the need for efficient plasma collection methods, thereby driving the demand for Plasma Expressor Machines. The increasing demand for plasma products is a significant driver for the Plasma Expressor Machine market. Plasma, the liquid component of blood, contains proteins and antibodies that are crucial for various medical treatments. As the demand for plasma-derived products rises, the need for efficient methods of collecting and processing plasma becomes essential.

"Rising Awareness of Plasma Donation has Influenced the Demand in the Market"

Increased awareness campaigns about the importance of plasma donation for therapeutic purposes can lead to higher donation rates. This, in turn, boosts the demand for equipment like Plasma Expressor Machines. Awareness campaigns and educational initiatives regarding the importance of plasma donation can lead to an increase in the number of voluntary donors. As more people become aware of the need for plasma, the demand for plasma collection equipment, including Plasma Expressor Machines, rises to accommodate the higher donation rates. In summary, the rising awareness of plasma donation not only increases the number of donors but also promotes the adoption of advanced technologies, such as Plasma Expressor Machines, to ensure efficient, safe, and high-quality plasma collection. In this way this factor resulted in Plasma Expressor Machine market growth. 

Restraining Factor

"High Initial Costs lead to a Declining Trend in the Market "

Plasma Expressor Machines, especially advanced and automated models, can involve significant upfront costs. The high initial investment required for purchasing and installing these machines may act as a restraint, particularly for smaller healthcare facilities with limited budgets.

Plasma Expressor Machine Market Regional Insights

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"Asia-Pacific Region Dominates the Market owing to Growing Awareness of Healthcare"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia-Pacific has the largest Plasma Expressor Machine market share as it home to a large and densely populated population. The higher population density may lead to increased healthcare needs, including the demand for plasma-derived products, driving the market for plasma collection equipment. With economic growth in several countries within the Asia-Pacific region, there has been an increase in healthcare expenditure. Higher healthcare spending often correlates with the adoption of advanced medical technologies, including Plasma Expressor Machines. Improving healthcare infrastructure, increasing awareness of health issues, and rising education levels contribute to a greater emphasis on preventive and therapeutic healthcare measures. This can lead to a higher demand for technologies involved in plasma collection and processing. The prevalence of diseases that require plasma-derived products for treatment, such as immune deficiencies or bleeding disorders, can drive the demand for plasma collection and, consequently, the use of Plasma Expressor Machines. Government initiatives and support for healthcare infrastructure development, research, and disease management can foster an environment conducive to the growth of the medical device market, including plasma collection equipment.

Key Industry Players

"Key Players Focus on Innovation and Collaborations for Market Expansion"

Key players in the Plasma Expressor Machine market are typically companies or manufacturers that have a significant impact on the industry due to their market share, product offerings, innovation, and influence. These companies play essential roles in shaping the market dynamics. Leading companies strive to stay at the forefront of innovation by continuously improving and updating their Plasma Expressor Machines. This may involve incorporating advanced features, automation, user-friendly interfaces, and ensuring compliance with the latest industry standards. Key players may engage in strategic partnerships and collaborations with other companies, research institutions, or healthcare organizations. These collaborations can lead to joint research and development efforts, expanded market reach, and enhanced product offerings. Established companies in the Plasma Expressor Machine market often have a global presence. They distribute their products to healthcare facilities, blood banks, and research institutions worldwide, contributing to market dominance.

List of Market Players Profile

• Grifols(U.S.)
• Lmb Technologie(Germany)
• Delcon(Italy)
• JMS(Japan)
• Bioelettronica(Italy)

INDUSTRIAL DEVELOPMENT

December 2022: Integration of RFID (Radio-Frequency Identification) and barcoding technology for better traceability and identification of collected plasma units. This enhances the overall tracking and management of plasma throughout the collection and processing workflow.

Report Coverage

The report brings together extensive research on the qualitative and quantitative factors affecting the market. It gives an overall macro and micro view of the online reputation service industry. This research profiles a report with extensive studies on the online reputation management services market that describe the firms affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others.

Furthermore, the post-COVID-19 pandemic’s effect on international market restrictions and a deep understanding of how the industry will recover and strategies are also stated in the report. Finally, the competitive landscape has also been examined in detail to provide clarification of the competitive landscape.