Industry Trend Analysis
In 2012, the global apheresis market was valued around USD 1.21 billion and is projected to reach approximately USD 2.57 billion by 2022, registering a compound annual growth rate (CAGR) of 7.05% during the forecast period. The existence of well-disposed government initiatives as well as reimbursement plan is likely to drive demand over the forecast years. Moreover, increase in a number of platelet donors and rising investments in research and development by biopharma market players are projected to assist as high impact delivering factors. Increasing occurrence of blood-related diseases is anticipated to encourage demand by escalating the application rates of apheresis equipment and its kits. As per the NHSBT, the platelets demand is estimated to expand at 3% rate yearly during 2011 to 2014. Furthermore, rising awareness levels concerning to platelet donation is expected to encourage demand in developed countries. The existence of elevated unfulfilled demands and speedily growing platelets demand in the developing Latin American and Asia Pacific regions is anticipated to assist this market as future expansion opportunities. According to the reports released by the National Center for Biotechnology Information, chronic renal illnesses have an occurrence rate of 8% to 16% globally.
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Product Outlook and Trend Analysis
Kits are bunched collectively and are comprehensive of separators, tubing set, filters, and other elements. Elevated application volume combined with speedily rising apheresis procedure demand are a few factors leading to the global growth of this market. Additionally, single utilization assists in restraining device-associated blood contamination in patients and donors, thus encouraging the growth of the segment.
Procedure Outlook and Trend Analysis
In 2015, plasmapheresis reported for the major share of around 50.0% of the global procedure market. Plasmapheresis formulated in 1951 by Grifols which is a procedure including the partition of plasma from the blood cells. The plasma-based medicines are also given to patients with weak immunity in order to try and increase resistance to disease or infection. Increasing prevalence of blood-related diseases and rising plasma-derived drugs demand is anticipated to assist as a key factor driving the global market growth.
Application Outlook and Trend Analysis
During the projected years, neurology is anticipated to experience the fastest expansion. In 2013, according to Multiple Sclerosis Association of America, around 4 million people were suffering from multiple sclerosis. Additionally, the annual prevalence of the disease in the United States only totaled to 10 thousand. Procedural benefits like shorter treatment duration and lesser blood loss due to total automation are also projected to impact the global growth positively.
Technology Outlook and Trend Analysis
Apheresis equipment functions by either centrifugation or membrane filtration to assist in separating a range of blood components. Since 2015, centrifugation held mass shares, though, during the projected years, membrane filtration is forecasted to record more expansion. Membrane filters are considerably functional in plasma filtration from other cellular parts as conflicting to centrifuges, which are helpful for particular cell separation. This process consumes less time and also eliminates the reduction of blood coagulation factors and, hence, reduces the requirement for substitute fluids. Superior efficacy displayed by the technology responsible for its elevated applications in the Western European developed regions as well as Japan.
Regional Outlook and Trend Analysis
In 2015, North America regional market held the major share of the global market at 46.7% owing to the existence of advanced medical infrastructure and elevated awareness levels among patients combined with comparatively higher medical expenditure. Asia Pacific region is anticipated to record the maximum rise in revenue share over the projected period. Rising occurrence of blood diseases needing plasma and platelet transfusion in the developing economies of China and India is among the major factors reporting for this expansion in revenue share. Additionally, amending medical infrastructure and rising number of medical practitioners in the region is projected to offer the market with a vigorous growth platform over the forecast years.
Competitive Outlook and Trend Analysis
The major market players in the apheresis equipment industry are; Fresenius Kabi (Fenwal), Haemonetics Corporation, Terumo BCT, Inc., Asahi Kasei Kuraray Medical Co. Ltd., HemaCare Corporation, B. Braun Melsungen AG, Therakos, Inc., and others. The global market has oligopolistic structure and is noted by a wide-ranging existence of mergers and acquisitions. Innovative product developments, acquirements, and strategical association are few key sustainability strategies implemented by the market players. Fresenius Kabi, on account of an extensive existence of product portfolio and distribution network, is a leading player in the global market.
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The global apheresis market is segmented as follows :
By Product
Apheresis machine
Disposable Apheresis kits
By Procedure
Plasmapheresis
Plateletpheresis
LDL-apheresis
Leukapheresis
Erythrocytapheresis
Photopheresis
Other Equipment
By Application
Hematology
Renal Diseases
Neurology
Other Applications
By Technology
Centrifugation
Membrane Separation
By Region:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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