BOVINE PLASMA MARKET ANALYSIS

Bovine plasma is prepared from pooled bovine blood. It is prepared from the whole blood, which contains anticoagulant, cells, and other blood contents. Then it is centrifuged to remove cells and cellular debris. It contains 3.8% trisodium citrate as an anticoagulant. It undergoes clot testing, proving that the product's clotting factors are active. To determine whether any additional enzymes present are native or denatured, it is not examined. There are several type of bovine supplements used such as bovine colostrum used as a dietary supplement to improves human health and wellbeing and The antioxidant, antibacterial, and antiviral effects of bovine lactoferrin supplements are considered to increase the immune system and regulate immune cell activity.

Global bovine plasma market is estimated to be valued at US$ 811.8 Mn in 2022 and is expected to exhibit a CAGR of 5.8% over the forecast period (2022-2030).

Figure 1. Global Bovine Plasma Market Share (%), by Grade, 2022

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Global Bovine Plasma Market– Drivers

Increasing number of product availability in the market is expected to drive the global bovine plasma market growth over the forecast period. For instance, on March 22, 2021, Thermo Fisher Scientific, a U.S.-based company that manufactures pharmaceutical and diagnostic products launched the new Gibco Human Plasma-like Medium (HPLM), which is the first cell culture medium in the market that mimics the metabolic profile of human plasma. Gibco HPLM has the same levels of over 60 polar metabolites including amino acids, nucleic acids, sugars, and tiny organic acids, as those found in human plasma.

The increase in the efforts by market players for smooth and consistent supply of key raw materials to ensure quality improvement is expected to boost growth of the global bovine plasma market over the forecast period. For instance, on December 01, 2021, Proliant Biologicals, which is a part of the Proliant group of companies that manufactures protein ingredients for food, health, nutrition and biologicals approved additional raw material suppliers for liquid plasma to manufacture the following stock keeping unit (SKU)’s at the Boone, artificial intelligence (AI) production facility. This agreement will be effective from June 1, 2022.

Figure 2. Global Bovine Plasma Market Share (%), by Region, 2022

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Global Bovine Plasma Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.

The COVID-19 can affect the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others are facing problems with regard to the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a positive impact on the uveitis treatment market, owing to increasing research and development activities is expected to drive the market growth over the forecast period. For instance, on February 18, 2021, a clinical trial was launched by Hospital del Mar Medical Research Institute (IMIM) in collaboration with Hospital del Mar, the University of California-Davis and the University of Texas to analyze bovine-derived immunoglobulin for preventing COVID-19 side effects. The study examines bovine-derived immunoglobulin, which have been demonstrated in animal models to inhibit the development of more severe disease states, the advancement of infection-related inflammation, and post-COVID syndrome.

Global Bovine Plasma Market: Key Developments

On December 27, 2021, an article published in National Library of Medicine, it was found that after acidifying bovine plasma and adding nanofibrillated cellulose (NFC) for reinforcement, films made with ethanol-extracted proteins had greater properties than those seen in the untreated plasma control films. The mechanical and water vapour barrier qualities of these films, which were made with 10% NFC, significantly improved, and their water solubility decreased, without affecting their optical qualities such as light transmittance and transparency index. Additionally, it was discovered that antibacterial substances such as nisin can be easily incorporated into the formulation of these films.

Global Bovine Plasma Market: Restraint

High manufacturing cost of drugs developed from bovine plasma is expected to hinder growth of the global bovine plasma market. For instance, SAB Bio therapeutics, a biotech company, is focused on developing drugs by using genetically engineered cattle to produce large quantities of human antibodies-proteins that helps to remove harmful foreign pathogens from the body—in a rapid fashion that could be used to treat patients suffering from infectious diseases such as Middle East respiratory syndrome (MERS), Ebola, and influenza. The drugs manufactured using this technology could cost around US$ 2,000 per gram. Thus, high cost means that many countries that might benefit most from these drugs might not be able to afford manufacturing them on their own, which is expected to hinder the market growth. 

Global Bovine Plasma Market- Key Players

Major players operating in the global bovine plasma market include Thermo Fisher Scientific, Moregate BioTech, Gemini, Atlanta Biologicals, Tissue Culture Biologicals, Bovogen Biologicals Pty Ltd, Biowest, Internegocios S.A., ROCKY MOUNTAIN BIOLOGICALS, Sonac, Innovative Research, Lake Immunogenics.,  Canvax Reagents S.L., Merck KGaA, Cambridge Bioscience Limited., Bio-Techne, VWR International, LLC., Otto Chemie Pvt. Ltd., BioVision Inc, Pel-Freez, LLC, Canvax Reagents S.L., GeneTex, Inc, Cygnus Technologies, Equitech-Bio, and 3H Biomedical AB