Global Apheresis Equipment Market: Future Demand, Market Analysis & Outlook to 2027
Category: #business  By Ronak Bora  Date: 2021-08-10
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Global Apheresis Equipment Market: Future Demand, Market Analysis & Outlook to 2027

Global apheresis equipment market is poised to gain massive momentum over the projected timeframe of 2019 to 2025. This can be attributed to growing demand for apheresis due to rising prevalence of blood disorders such as thalassemia, hemophilia A, B, sickle-cell disease, blood cancers, etc., around the globe. Blood disorders disturb the blood clotting ability of an individual and are known to affect any age group from infants to elderly population. With a considerable percentage of the masses susceptible to these diseases, demand for blood components will increase considerably, which in turn will evoke the demand for apheresis equipment for separation of blood components.

Additionally, industry players are also inclined on offering technologically enhanced products to gain a strong foothold in the market. For instance, Fresenius Medical Care, in 2020, announced the launch of NxStage home dialysis in EMEA region for serving more customers worldwide with enhanced at-home treatment solution. The company further states that along with home dialysis, other available therapy option are hemodialysis and peritoneal dialysis. Apparently, this product launch will help the company strengthen its product portfolio and global market penetration.

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According to Global Market Insights, Inc. report, apheresis equipment market size is projected to surpass USD 4.5 billion by 2025.

Apheresis machines segment had held a significant revenue share of 30% in 2018 and is estimated to observe a notable growth over the upcoming years considering the rising product demand owing to its durability and extensive usage in transfusion treatment. Furthermore, availability of high-grade machines facilitating effective separation of several blood and plasma components will positively influence the segment growth.

Hematology apheresis unit is a device which is predominantly used for measuring blood components and marrow consisting of stem cell peripheral blood assemblies. Increasing adoption of these devices in hematology for the analysis and examination, is expected to fuel the product demand leading to the industry growth over the ensuing years. For the record, in 2018, hematology segment was valued at around 795 million.

Membrane filtration segment held a substantial share in 2018 and is projected to register a CAGR of 10% over the forecast period owing to elevating demand for plasma and platelets for the treatment of various blood related diseases. Moreover, advantages of membrane filtration such as improved functioning and flexibility at low temperatures are likely to foster the segmental growth.

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Plasmapheresis segment is estimated to record a valuation of more than USD 2.2 billion by 2025 on account of growing adoption of plasmapheresis for autoimmune disease treatment for substituting components with suitable intravenous fluids. Besides, plasmapheresis being an effective extracorporeal method for blood purification involving elimination of plasma from patient's blood is anticipated to witness an increasing utilization across the global market.

Supportive regulatory scenario pertaining to the use of apheresis across developed nations is expected to drive the market expansion to a great extent. For instance, the European Commission has undertaken numerous initiatives for ensuring safety and quality associated with collection, storage, processing and distribution of blood components.

On the other hand, several initiatives to meet rising demand of plasma and blood components for individuals requiring plasma transfusions and derivation of blood components for survival, will evoke the product demand. One such initiative is the enforcement of Article 110 of Directive 2001/83/EC which encourages the manufacturing of human plasma or blood derived medicinal products for the treatment of blood related disorders.

North America apheresis equipment industry had recorded a significant revenue share of 40.0% in 2018 and is estimated to register a substantial growth over the coming years. The growth can be attributed to availability of enhanced healthcare infrastructure along with rising healthcare concerns in the region. Further, relatively higher healthcare spending in the region will significantly contribute the industry growth.

Prominent industry players operating in the market such as Haemonetics, Terumo BCT, Asahi Kasei Kuraray Medical, Fenwal, Kawasumi Laboratories, B. Braun, Hemacare, Therakos and Fresenius are focused on implementing various strategies for gaining a competitive edge in the market. For instance, B. Braun, in 2017, announced its partnership with Christie Medical Holdings, Inc. for enhancing peripheral IV access and improving patient care.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary

2.1. Apheresis equipment industry 3600 synopsis, 2014 - 2025

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Application trends

2.1.4.  Procedure trends

2.1.5.  Technology trends

2.1.6.  Regional trends

Chapter 3. Apheresis Equipment Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 - 2025

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Growing prevalence of blood related disorders

3.3.1.2.  Technological advancements

3.3.1.3.  Presence of favorable reimbursement policies

3.3.1.4.  Implementation of government programs in the emerging regions

3.3.2.  Industry pitfalls and challenges

3.3.2.1.  Risks associated with apheresis devices

3.3.2.2.  Lack of donor availability & histocompatibility

3.4. Growth potential analysis

3.4.1.  By product

3.4.2.  By application

3.4.3.  By procedure

3.4.4.  By technology

3.5. Regulatory Landscape

3.5.1.  U.S.

3.5.2.  Europe

3.5.3.  India

3.6. Porter’s analysis

3.7. PESTEL analysis

3.8. Competitive landscape

3.8.1.  Company market share analysis, for apheresis machines, 2018

3.8.2.  Strategy dashboard

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/apheresis-equipment-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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