Apheresis Equipment Market size is estimated to reach $3.68 Billion by 2025 and is poised to grow at a CAGR of 11.2% during the forecast period 2020-2025. Apheresis is a process in which blood is temporarily taken from a donor and separated into its components. In addition, the necessary components, such as plasma or platelets, are retained and the remaining blood is returned to the donor by transfusion. Platelets are used to treat various diseases and are extracted with apheresis equipment. The increasing incidence of blood-related disorders is projected to increase demand by increasing the use of apheresis machines and kits. In 2019, North America accounted for the largest share of the apheresis equipment market owing to easier access to advanced blood collection technologies and the existence of well-established health infrastructure.
Apheresis Equipment Market Segment Analysis – By Procedure Type
The global Apheresis Equipment market based on the Procedure has Plasmapheresis, LDL-apheresis, Plateletpheresis, Leukapheresis, Photopheresis, Erythrocytapheresis, and others. Photopheresis segment led the market in 2019 and is set to continue over the forecast period (2020-2025) owing to the growing incidence of blood-related disorders and the growing demand for plasma-derived drugs are expected to be the primary drivers of growth. Leukapheresis is set to grow over the forecast period (2020-2025) owing to its high usage in chemotherapy to control the number of leukocytes in the blood cells.
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Apheresis Equipment Market Segment Analysis – By Technology
Based on Technology, the market is classified into Membrane Filtration, Centrifugation. Membrane filtration is projected to grow over the forecast period (2020-2025) and also led the market in 2019 owing to its properties like less time consuming and avoids depletion of blood coagulation factor and, thus decreases the need of replacement fluids.
Apheresis Equipment Market Segment Analysis – By Geography
North America accounted for the largest share of the apheresis equipment market owing to easier access to advanced blood collection technologies and the existence of well-established health infrastructure. The Asia-Pacific regional market is projected to experience the highest revenue growth over the forecast period. The increasing incidence of blood diseases requiring plasma and platelet transfusions in emerging markets in India and China is one of the key factors in the increase in revenue share.
Apheresis Equipment Market Drivers
Rise in number of donors and R&D investments
The increase in the number of platelet donors and the R&D investments of biopharmaceutical companies are projected to have a major impact. The increasing incidence of blood-related disorders is set to increase demand by increasing the use of apheresis machines and kits. In addition, the existence of favorable government initiatives and a recovery framework is set to increase demand over the forecast period.
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Apheresis Equipment Market Challenges
High cost and lack of awareness
The high cost of apheresis devices and therapeutic apheresis procedures, as well as the installation of apheresis devices through the rental model, will hinder market growth. Stringent donor recruitment criteria is also a factor that is projected to hamper market growth.
Apheresis Equipment Market Industry Outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Apheresis Equipment Market. Key companies of this market include Terumo BCT, Hemacare, Fenwal, Haemonetics, Asahi Kasei Kuraray Medical, B. Braun, Fresenius, Therakos, Cerus Corporation, Baxter International Inc, Kaneka Corporation and Kawasumi Laboratories.
In October 2019, Terumo BCT (US) collaborated with the UniCAR-Therapy Bio-Medicine Technology Co.
In July 2019, Baxter International Inc. (US) launched the PrisMax system in the US.
Geographically, North America had the largest market for Apheresis Equipment in 2019, owing to easier access to advanced blood collection technologies and the existence of well-established health infrastructure.
The increase in the number of platelet donors and the R&D investments of biopharmaceutical companies are projected to have a major impact.
High costs of kits are projected to hamper the growth of the market over the forecast period (2020-2025).
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Apheresis Equipment Market report.
Related Reports :
A. Plasma Therapy Market
B. Platelets-Rich Plasma (PRP) Market
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