India Animal Blood Plasma Products And Derivatives Market Import Shipment Trend (2020-2024)
The India animal blood plasma products and derivatives market import shipment experienced a significant decline with a CAGR of -24.2% from 2020 to 2024. The growth rate between 2023 and 2024 further deteriorated by -49.6%, indicating a continued downward trend, signaling a substantial contraction in market activity over the period.
India Animal Blood Plasma Products And Derivatives Market Synopsis
The India Animal Blood Plasma Products & Derivatives Market size was valued at US$ 2 billion and is projected to expand at a CAGR of 11% due to increasing global acceptance of its applications around veterinary science along with expanding use cases within biotechnology sector across countries including China, Japan, United States etc. Growing adoption of modern technologies related to preventive health care across various regions complimenting healthy appetite for upcoming healthcare solutions will further accelerate business outlook over forecast timeline.
Market Drivers of the market
The animal blood plasma products and derivatives market in India, the increasing demand for blood plasma-based products in the pharmaceutical and healthcare sectors is a key driver. Blood plasma derivatives are used in the treatment of various medical conditions, including immune disorders and hemophilia. As the healthcare infrastructure improves and awareness about plasma-based therapies increases, the demand for these products is expected to grow.
Challenges of the Market
India animal blood plasma products and derivatives market faces challenges in terms of storage, transportation, and safety of these delicate biological products. Ensuring the integrity and efficacy of blood plasma products is vital for their application in veterinary and pharmaceutical sectors.
Covid-19 Impact on the Market
The India Animal Blood Plasma Products and Derivatives Market experienced disruptions due to the pandemic. The closure of veterinary facilities and reduced livestock activities impacted the demand for blood plasma products and derivatives. However, the market might have seen recovery with the gradual reopening of the economy.
Key Players of the Market
India animal blood plasma products and derivatives market, key players include PlasmaLife India, BloodProteins Industries, Hematology Solutions Pvt. Ltd., and BioPlasma Extracts. These companies are leading producers and suppliers of animal blood plasma products and derivatives used in veterinary medicine, pharmaceuticals, and research.
Key Highlights of the Report:
- India Animal Blood Plasma Products And Derivatives Market Outlook
- Market Size of India Animal Blood Plasma Products And Derivatives Market, 2024
- Forecast of India Animal Blood Plasma Products And Derivatives Market, 2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Revenues & Volume for the Period 2021-2031
- India Animal Blood Plasma Products And Derivatives Market Trend Evolution
- India Animal Blood Plasma Products And Derivatives Market Drivers and Challenges
- India Animal Blood Plasma Products And Derivatives Price Trends
- India Animal Blood Plasma Products And Derivatives Porter's Five Forces
- India Animal Blood Plasma Products And Derivatives Industry Life Cycle
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Derivatives Type for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Immunoglobulin for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Fibrinogen for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Serum Albumin for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Fetal Bovine Serum for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Cell Culture Media for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Food Industry for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Pharmaceutical Industry for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Sports Nutrition for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Nutrition Supplements for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Cosmetic Industry for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Pet Food Industry for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Animal Type for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Bovine for the Period 2021-2031
- Historical Data and Forecast of India Animal Blood Plasma Products And Derivatives Market Revenues & Volume By Ovine for the Period 2021-2031
- India Animal Blood Plasma Products And Derivatives Import Export Trade Statistics
- Market Opportunity Assessment By Derivatives Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Animal Type
- India Animal Blood Plasma Products And Derivatives Top Companies Market Share
- India Animal Blood Plasma Products And Derivatives Competitive Benchmarking By Technical and Operational Parameters
- India Animal Blood Plasma Products And Derivatives Company Profiles
- India Animal Blood Plasma Products And Derivatives Key Strategic Recommendations