Market Overview
Apheresis refers to medical technology, in which the blood of a patient is extracted and separated into various components including plasma, platelets, white cells, and red cells. One of these components is further isolated and collected by instrument, while others are returned to the body, depending upon the reason.
The global apheresis equipment market is estimated to account for US$ 2,866.4 Mn in terms of value in 2020 and is expected to reach US$ 6,081.8 Mn by the end of 2027.
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Market Drivers
Growing prevalence of leukaemia is expected to drive growth of the global apheresis equipment market during the forecast period. According to Leukemia and Lymphoma Society, 176,200 people in the US are expected to be diagnosed with leukemia, lymphoma or myeloma in 2019.
Furthermore, rising demand for blood is expected to propel the global apheresis equipment market growth over the forecast period. According to the study, “The global need and availability of blood products: a modelling study”, published in October 2019, in The Lancet, in 2017, the global blood need was 304?711?244 and the global blood supply was 272?270?243 blood product units.
In 2019, North America accounted for the largest share of 43.6% in the global apheresis equipment market, followed by Asia Pacific, and Europe.
Market Restraint
High cost of apheresis therapy and risk associated with the same are expected to hamper the global apheresis equipment market growth over the forecast period.
Market Opportunities
Since multiple sclerosis can be treated with apheresis procedures such as therapeutic plasma exchange, growing cases of the same can provide major business opportunities. According to findings published in the journal Neurology in February 2019, the prevalence of MS in 2017 was 362 cases per 100,000, or 913,925 adults.
Furthermore, rising application of therapeutic apheresis in pediatric treatment can provide lucrative growth opportunities in the market. Most of the apheresis therapies are developed from studies and trials on adult patients. However, as the prevalence of diseases such as leukemia and autoimmune disorders is increasing among children, more efforts towards developing new apheresis treatment methods specifically designed for children will serve as a potential opportunity in the market?
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The global apheresis equipment market was valued at US$ 2,574.3 Mn in 2019 and is forecast to reach a value of US$ 6,081.8 Mn by 2027 at a CAGR of 11.3% between 2020 and 2027.
Market Trends
Low donor availability and histocompatibility is expected to hinder the North America apheresis equipment market growth over the forecast period. According to American Red Cross’ June 2019 article, only 3% of people in the U.S. give blood.
Growing cases of the COVID-19 has led to emergency approval of apheresis equipment. For instance, in April 2020, Terumo BCT Inc. and Marker Therapeutics AG received the U.S. Food and Drug Administration (FDA) approval for their Spectra Optia Apheresis System and Depuro D2000 Adsorption Cartridge devices.
Competitive Section
Key companies operating in the global apheresis equipment market include, Asahi Kasei Medical Co., Ltd., Terumo BCT, Inc., Fenwal, Inc., Haemonetics Corp., Therakos, Inc., B. Braun Melsungen AG, and HemaCare Corporation.
Key Developments
Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in December 2019, Asahi Kasei Medical Co., Ltd. announced acquisition of Veloxis Pharmaceuticals Inc.
Major players in the market are also focused on product approval and launch to expand their product portfolio. For instance, in October 2019, Mallinckrodt plc and Terumo BCT received regulatory approval for UVADEX (methoxsalen) from Australian Therapeutic Goods. Administration for extracorporeal administration with the THERAKOS CELLEX Photopheresis System.
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Table of Content
Global Apheresis Equipment Market Research Report
Section 1: Global Apheresis Equipment Industry Overview
Section 2: Global Economic Impact on Apheresis Equipment Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Apheresis Equipment Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Apheresis Equipment Market Forecast
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