The global convalescent plasma therapy market is expected to grow from $20.3 million in 2019 to $26.4 million by the end of 2020 at a rate of 30.2%. The growth is mainly attributed to the COVID-19 outbreak and the urgent need to treat the growing number of cases. The use of convalescent plasma collected from individuals who have recovered from COVID-19 is one investigational treatment being explored for COVID-19. The market is expected to stabilize and reach 39.6 million in 2023 at a rate of 14.4%.
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The convalescent plasma therapy market consists of sales of convalescent plasma obtained from patients who have recovered from an infection. Convalescent plasma is the plasma collected from recovered or convalesced people, which consists of antibodies against the infection-causing microorganism. The revenue generated by the market includes the sales of convalescent plasma collected from people post-infection, which will be utilized for prophylaxis and treatment of infected patients with the respective microorganism.
Global Convalescent Plasma Therapy Market Segmentation –
1) By Application: Prophylaxis, Treatment
2) By End-Users: Hospitals & Clinics, Laboratories & Research Institutes
3) By Antibody type: IgM, IgG, IgA
Global Convalescent Plasma Therapy Market Driver –
Higher efficacy and safety evaluated during the trials conducted for CPT in COVID-19 patients can drive the market growth during the forecast period. Convalescent plasma transfusion has been of interest in the historical period for the treatment of other infectious disease outbreaks such as SARS-1, Middle East Respiratory Syndrome (MERS), and 2009 H1N1.
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Few Points From The Global Convalescent Plasma Therapy Market TOC
1. Executive Summary
2. Convalescent Plasma Therapy Market Characteristics
3. Convalescent Plasma Therapy Market Size And Growth
3.1. Global Convalescent Plasma Therapy Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Convalescent Plasma Therapy Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Convalescent Plasma Therapy Market Segmentation
5. Convalescent Plasma Therapy Market Regional And Country Analysis
5.1. Global Convalescent Plasma Therapy Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Convalescent Plasma Therapy Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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