Rise in geriatric population across Vietnam that are susceptible to severe health disorders coupled with a lot of pre-existing medical syndromes have driven the plasma fractionation market in the country in more than one way.
Plasma Fractionation Industry Overview:
Rise in geriatric population across Vietnam that are susceptible to severe health disorders coupled with a lot of pre-existing medical syndromes have driven the plasma fractionation market in the country in more than one way. Similarly, there’s been a growing trend of using plasma derivatives in plasma collection centers. This factor has also proven to be highly beneficial for the growth of the market.
According to Allied Market Research, the Vietnam plasma fractionation market is projected to display a striking CAGR from 2020 to 2027. Vietnam is known as having one of the largest healthcare markets in which the presence of public sector seems to prevail over the private segment, taking in more than eighty-five percent of the hospitals and co-operative health bases across the country. In keeping with the World Bank Group, as a middle-income republic, Vietnam displays an average healthcare expenditure of more than five percent of its GDP.
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And, to thrive and be successful as a middle-income state, the government of Vietnam has been emphasizing on setting up core public health dimensions in terms of development of workforce, proper surveillance of diseases, supervision of emergency situations, and so on. Moreover, in accord with the contemporary demographic vogues in Vietnam, it is expected to become an elderly society by the year 2035.
This projected flux in demographics is expected to heighten the inception of different diseases among the population in Vietnam in the coming years, thus leading to increased demand for effective disease management approaches. At the same time, due to the long-term effect of the herbicides cast off in Vietnam War, the majority of the populace is already dealing with some severe illnesses, consistently having a similar influence on the future age group in the country.
Bearing in mind the present unmet medical essentials across Vietnam, the demand for the plasma products is anticipated to shoot up significantly, extenuating the ever-increasing prevalence of neurological issues, immunological syndromes, metabolic disorders, and many more. This is how the country brings forth numerous opportunities to the domestic pharmaceutical establishments for setting up their plasma fractionation divisions to cater to the increasing demand of the population.
However, it’s worth stating that the outbreak of the Covid-19 pandemic led to a sturdy decline in the number of blood plasma donors across the country, which impacted the market negatively, especially during the initial phase. However, the market has already started getting back on track.
Top Leading Players:
- Baxter International Inc.
- Biotest Ag
- Bio Products Laboratory Ltd.
- Getz Healthcare
- Grifols Sa
- Kedrion Biopharma
- Octapharma
- Novo Nordisk
- Sanova Healthcare
- Sanquin Blood Supply Foundation
- Takeda Pharmaceutical Company Limited
Key Advantages of the Report
- Report provides a detailed quantitative analysis of the current Vietnam plasma fractionation market trends and forecast estimations, which assists to identify the prevailing market opportunities.
- In-depth Vietnam plasma fractionation market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
- A comprehensive analysis of factors that drive and restrain the growth of the global is provided.
- Key market players within the Vietnam plasma fractionation market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the market.
- An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.