According to The Insight Partners market research study titled ‘Apheresis equipment Market to 2027 – Global Analysis and Forecasts by Product, Technology, Procedure, Therapeutic Area, End User and Geography. The global apheresis equipment market is expected to reach US$ 3,528.44 Mn in 2027 from US$ 1,985.83 Mn in 2018. The market is estimated to grow with a CAGR of 6.9% from 2019-2027. The report highlights the trends prevalent in the global apheresis equipment market and the factors driving the market along with those that act as challenges to its growth.
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Global apheresis equipment market was segmented by product, technology, procedure, therapeutic area, and end user. The market based on product segment is classified as apheresis machine and disposable apheresis kits. Based on the technology the market is segmented as membrane separation and centrifugation. On the basis of procedure the market is classified as erythrocytapheresis, LDL apheresis, leukapheresis, photopheresis, plasmapheresis, and plateletpheresis. On the basis of therapeutic area the market is segmented as renal diseases, hematology, neurology, and other applications. And on the basis of the end user the market is classified as hospitals & clinics, ambulatory surgical centers, and blood donation centers.
The market for apheresis equipment is expected to grow significantly due to factors such as rising number of voluntary blood donors, increasing incidence of hematologic diseases and increasing elderly population. However, the growth of market is likely to experience restraining factors such as high cost of apheresis equipment and complications associated with apheresis.
The major players operating in the apheresis equipment market include, Medica SPA, Terumo Corporation, B. Braun Melsungen AG, Fresenius Medical Care AG & Co. KGaA, Asahi Kasei Corporation, Haemonetics Corporation, HemaCare Corporation, Kaneka Medix Corporation, Kawasumi Laboratories, Inc., and Medicap Clinic GmbH. In the apheresis equipment market the companies has carried out various organic growth strategies that have enabled the companies to strengthen their product offering in the market.
Rising Number of Voluntary Blood Donors
Blood transfusion helps to save and improve lives of people and thus is an integral part of a country’s national health infrastructure and policy. Blood transfusion is considered to be an indispensable component of healthcare. Various medical advances that have improved the treatment of serious illness and injuries have increased the need for blood transfusion for patients’ survival and maintenance of the patients’ health.
The importance of blood transfusion in healthcare has increasingly started to be acknowledged by common population across the globe which has led to rise in the number of people willing to donate their blood for medical causes. The World Health Organization (WHO) reports that 117.4 million blood donations are collected worldwide in 2018. Moreover, the blood donors are usually classified to be voluntary unpaid, paid and family/replacement. The WHO also suggests that a reliable and adequate supply of blood was collected from voluntary/unpaid donors.
The trend of blood donors is also significantly visible among low and middle-income countries as well. For instance, there has been an increase of 11.6 million blood donations of voluntary unpaid donors from 2008 to 2015 among 139 countries across the globe, as per the World Health Organization 2019. Thus, owing to the above mentioned factors it is expected that the market is likely to grow during the forecast period.
Growth Opportunities Among Emerging Economies
There is an increase in the blood related disorders across the globe, the prevalence is significantly rising in the countries of the developing nations. The incidences are rising due to the shift in the lifestyle and other health conditions due to the change in the adoption of the modernized facilities. The modernized facilities reduce the physical activities, also, stress levels among people are going up. These factors are leading to the hematologic and other critical medical conditions and is leading to the rising demand for the apheresis equipment.
The developing nations are significantly developing their healthcare facilities and services and are heading towards the technological advancements. For instance, Hemophilia Federation India (HFI) is a nonprofit organization that has worked closely with the World Federation of Hemophilia (WFH) in order to increase awareness, diagnosis and educate people regarding affordable treatments available for hemophilia.
Moreover, The RED LAPI professional team works with the purpose of contributing and improving the diagnosis and treatment of hemophilia in Latin America. Therefore, the above mentioned factors are likely to provide an opportunistic scenario for the growth of apheresis equipment market over the forecast years.
The report segments the global apheresis equipment market as follows:
Global Apheresis Equipment Market – By Product
Global Apheresis Equipment Market – By Technology
Global Apheresis Equipment Market – By Procedure
Global Apheresis Equipment Market – By Therapeutic Area
Global Apheresis Equipment Market – By End User
Global Apheresis Equipment Market – By Geography
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