Apheresis Market By: Product Type (Devices and Disposables), Application (Plasmapheresis, Plateletpheresis, Erythrocytapheresis, Leukapheresis, Photopheresis), Technology (Membrane Filtration, Centrifugation), Method (Donor and Therapeutic Apheresis), and Region (North America, Asia Pacific and Rest of World) – Forecast up to 2026

    Published: Jul 2020Report ID: AMHCM1021125 Pages
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    Tables
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    Report Summary

    Apheresis Market By: Product Type (Devices and Disposables), Application

    (Plasmapheresis, Plateletpheresis, Erythrocytapheresis, Leukapheresis,

    Photopheresis), Technology (Membrane Filtration, Centrifugation), Method

    (Donor and Therapeutic Apheresis), and Region (North America, Asia

    Pacific and Rest of World) – Forecast up to 2026

    Apheresis is a medical procedure which deals with removing the blood from the body of patient

    or donor, for separating some required individual components from it while simultaneously re-

    introducing the remaining blood into the body of the donor or patient.

    Research Methodology:

    The apheresis market has been analyzed by utilizing the optimum combination of secondary

    sources and in-house methodology, along with an irreplaceable blend of primary insights. The

    real-time assessment of the market is an integral part of our market sizing and forecasting

    methodology. Our industry experts and panel of primary participants have helped in compiling

    relevant aspects with realistic parametric estimations for a comprehensive study. The

    participation share of different categories of primary participants is given below:

    Primary Participant Share37%26%22%15%GeographyNorth AmericaEuropeAsia PacificRest of the World48%28%24%CompanyTier 1Tier 2Tier 3

    2

    The apheresis market is expected to grow at a CAGR of ~7.7% during the forecast period

    2019–2026. The expansion of this market can be attributed to the rise in the prevalence of

    chronic diseases, increase in the surgical procedures and the growing cases of accident or

    injury. However, the market is constrained by the high cost of its procedures, lack of skilled

    professionals and its awareness especially in the under- developed countries. The ongoing

    pandemic duly points out to the dire need of investment in the healthcare sector. The treatment

    by the transfusion with convalescent plasma has resurfaced to fight this deadly disease due to

    its potential merits. There is an empirical data available on its benefits and the high potential of

    this method in the health industry.

    Apheresis Market: Geographic Distribution (2020)North AmericaXX.X%Asia PacificXX.X%EuropeXX.X%RoWXX.X%Majorfactorsassociatedwithmarketareincreasingprevalenceofrisingnumberofaccidentsandincreasingdemandforbloodcomponentfromtransfusion.APAC region is the most untapped market, owing to its large population size and rising demand for healthcare quality are driving the growth in this market.European market can be attributed to factors such as increasing demand for apheresis collection and increase incidence of lifestyle disease are propelling the market.

    The scope of Apheresis market is defined by products devices, applications, procedure,

    technology and region. The following report closely analyses this trend in this market by

    capturing details of the investment, growth opportunities, and government initiatives in the

    upcoming years. The focus is also on some key challenges and their impact on the market.

    Therefore, it is a useful tool for the key stakeholders study this market comprehensively.

    Based on product, the apheresis market is divided into:

    3

     Devices

     Disposables

    Disposables had the higher market share in 2019 and are anticipated to maintain this

    throughout the forecast period because of substantial progress in the manufacturing of blood

    bags, tubing sets, filters, kits and various instruments and separators. The market of apheresis

    devices is growing consistently but at a relatively slower rate. There has been increasing

    efficiency in the ability to separate all types of blood components through therapeutics

    procedure.

    Application used in apheresis includes:

     Plasmapheresis

     Plateletpheresis

     Erythrocytapheresis

     Leukapheresis

     Photopheresis

    Plasmapheresis which is a process to separate plasma, white blood cells, red blood cells and

    platelets, had the largest share in the market in 2019 due to the rise in blood-related disorders

    and growing demand for plasma- derived medicines.

    On the basis of technology, it can be categorized under

     Membrane Filtration

     Centrifugation

    These machine functions are used to separate various blood components. Membrane filters are

    useful in filtration of plasma from other components such as white blood cells, red blood cells

    and platelets However, in centrifugation, specific cells are separated by the use of gravity. This

    method is less time consuming and is highly used in Western European regions and Japan. In

    2019, it produced maximum revenues in Apheresis market majorly due to its maximum use in

    hospitals.

    4

    On the basis of methods, the market is divided into:

     Automated Blood Collection

     Therapeutic Apheresis

    It is done by extracting individual components such as platelets or plasma from the blood of the

    donor. In therapy, the purpose is to remove the defective disease-causing cells from the body of

    the patient. The rising instances of cardiovascular and neurological diseases, blood cancer etc

    are key factors in the rise of apheresis markets.

    Based on region, the market is divided among four key regions of:

     North America

     Europe

     Asia Pacific

     Rest of the World

    North America holds the largest share of the apheresis equipment market in as it has one of the

    world’s advanced healthcare facilities and high healthcare expenditure. The Asian Pacific

    regional market is expected to grow in the period due to the increase in the diseases requiring

    blood transfusion and the growing market and infrastructure for healthcare facilities. Also, the

    government expenditure on healthcare is expected to rise especially in India which aims at

    bringing it to 2.5 % in 2025.

    However, there is much scope of improvement globally as the initial investment in this market is

    high and its maintenance cost is high. Nevertheless, we see the market is booming with key

    providers operating in the global apheresis market include:

     Kaneka Corporation

     LMB Technologie GmbH

     Medica S.p.a

     Miltenyi Biotec

    The market is highly competitive due to advancing technology, various global government

    initiatives to generate knowledge, and various companies deploying strategies to commercialize

    their products.

    Key Questions Answered in This Report

    • What are the key market trends and growth drivers?
    • Who are the major players and what are their market strategies?
    • What is the market size and forecast for the coming years?
    • What are the regional market dynamics and opportunities?

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    Category:Healthcare
    Industry:Healthcare
    Published:Jul 2020
    Pages:125