The global Apheresis Market at $2.6 billion in 2016 and projected it to reach $4.2 billion by 2023, growing at a CAGR of 7.3% during the forecast period, 2017-2023. Disposable segment is estimated to register the highest growth rate from 2017 to 2023
The rise in global demand for blood components, increase in public initiatives pertaining to blood donation, and newly approved indications for apheresis treatment are key factors that drive the growth of the global apheresis market. Additionally, the increase in demand for plasma-derived pharmaceuticals is set to provide lucrative opportunities for new market players. However, lack of skilled professionals and complications associated with the apheresis procedure would hamper market growth in the near future.
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The report segments the global apheresis market based on product, procedure, component, end user, and geography. Based on the product, the report fragments the market into devices, disposable & reagents, and software. In 2016, disposables & reagents segment contributed the maximum revenue to the global market and is expected to maintain its dominance throughout 2023. The segment is also expected to register the highest growth rate during the forecast period, due to rapid advancements in the manufacturing of blood bags, tubing, and disposable kits.
Based on the procedure, the market is categorized into centrifugation, membrane separation, and selective adsorption. Centrifugation segment garnered in the highest revenue in 2016 and is projected to maintain its authority in the global market during the forecast period. This is due to the predominant use of centrifugation in the preparation of blood components such as packed red blood cells (PRBCs) and fresh frozen plasma (FFP). However, membrane separation segment is expected to register the highest CAGR through 2023, as membrane filters play a pivotal role in plasma filtration from other cellular components to achieve specific cell separation.
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Based on the component, the market is divided into plasma (plasmapheresis), platelets (plateletpheresis), leukocytes (leukapheresis), lymphocytes (lymph apheresis), and RBCs (erythropoiesis), with the platelets (plateletpheresis) segment projected to grow at the fastest rate from 2017 to 2023. The report sub-segments the global market into blood centers, hospitals, and others based on end-user. North America garnered the maximum revenue in the global apheresis market in 2016 and is expected to maintain this trend throughout 2023. However, Asia-Pacific is projected to register the highest growth rate during the forecast period, owing to its high population base, an upsurge in disposable income, and the rise in patient awareness towards blood donation.
The report provides a comprehensive analysis of the key players operating in the global apheresis market such as Haemonetics Corporation, Fresenius Kabi, Terumo BCT, Inc., Asahi Kasei Medical Co., Ltd., HemaCare Corporation, Kaneka Corporation, Kawasumi Laboratories Inc., Cerus Corporation, B. Braun Melsungen AG, and Nikkiso Co., Ltd. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.
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