Apheresis Equipment Market Industries, Challenges And Global Demand Forecast Year 2028

According to Premium Market Insights new research study on "Apheresis Equipment Market is expected to grow from US$ 2,294.11 million in 2021 to US$ 3,854.77 million in 2028; it is estimated to grow with a CAGR of 8.0% from 2022 to 2028.

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Some Of the Major Players Influencing are The apheresis equipment market majorly consists of the players such 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 among the others.

Apheresis is a process in which blood is temporarily removed from the donor's body and separated into various components such as plasma, platelets, red blood cells, and white blood cells by centrifugation or membrane separation process, depending on the components to be separated. Apheresis removes the impurities and abnormal components in the blood; hence, it is preferred for curing or controlling diseases. The apheresis equipment market is attributed to increasing number of voluntary blood donors, rising incidence of hematologic diseases, and growing geriatric population. However, the factors such as high cost of apheresis equipment and complications associated with apheresis procedure are hampering the market growth. However, the rising usage of the apheresis technique in emerging economies is likely to provide a lucrative opportunity for the market growth.

The apheresis equipment market is segmented on the basis of product, technology, procedure, therapeutic area, end user, and geography. The report offers insights and in-depth analysis of the apheresis equipment market, emphasizing various parameters such as market trends, technological advancements, and market dynamics, as well as the competitive landscape analysis of leading market players.

Market Insights

Rising Number of Voluntary Blood Donors to Bolster Apheresis Equipment Market in Coming Years

Blood transfusion helps to save and improve the lives of people. Various medical advancements improved the treatment of serious illnesses and injuries and have increased the need for blood transfusion for patients' survival and maintenance of the patients' health. The awareness about the importance of blood transfusion in healthcare has increased among the population across the globe, which has led to a rise in the number of people willing to donate their blood for medical purposes. The World Health Organization (WHO) reports that 117.4 million blood donations were collected worldwide in 2018. Moreover, the blood donors are usually categorized into voluntary unpaid, paid, and family/replacement. The WHO estimates stated that a reliable and adequate supply of blood was collected from voluntary/unpaid donors.

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The trend of blood donors is also significantly visible among low- and middle-income countries. 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. According to the data from CAG annual meeting in 2017, approximately 13,000 procedures were performed on 1,087 patients in 2016. The highest surge in the number of voluntary blood donors has been found across South-East Asian countries and the US, i.e., 83% and 70%, respectively.

In addition, government-based national blood transfusion programs that are developed and employed in most countries across the globe are likely to increase the number of platelet and blood donors. For instance, in India, the National Blood Transfusion Council (NBTC) was constituted within National AIDS Control Organization (NACO); similarly, State Blood Transfusion Councils (SBTCs) were established within State AIDS Control Societies (SACS). Thus, the rising number of eligible donors across the globe is expected to fuel the need for apheresis equipment that is majorly used to separate the components of the blood required for various medical needs.

Product-Based Insights

Based on product, the global apheresis equipment market is bifurcated into disposable apheresis kits and apheresis machine. The disposable apheresis kits segment held a larger share of the market in 2021, and it is also anticipated to register a higher CAGR in the market during the forecast period, owing to the increased usage of these kits in apheresis procedures.

Technology-Based Insights

Based on technology, the global apheresis equipment market is bifurcated into centrifugation and membrane separation. In 2021, the membrane separation segment held a larger share of the market, and it is also expected to grow at the fastest rate during the coming years owing to the precise separation of the desired components from the whole blood solution.

Procedure-Based Insights

Based on procedure, the global apheresis equipment market is segmented into plasmapheresis, photopheresis, erythrocytapheresis, leukapheresis, plateletpheresis, and LDL-apheresis. In 2021, the plasmapheresis segment held the largest share of the market. Moreover, the LDL-apheresis segment is also expected to grow at the fastest rate during the coming years.

Therapeutic Area-Based Insights

Based on therapeutic area, the global apheresis equipment market is segmented into hematology, renal diseases, neurology, and other therapeutic areas. In 2021, the hematology segment held the largest share of the market, and it is also expected to grow at the fastest rate during the coming years.

End User-Based Insights

Based on end user, the global apheresis equipment market is segmented into blood banks/ blood donation centers, hospitals & clinics, and ambulatory surgical centers. In 2021, the hospitals & clinics segment held the largest share of the market, and it is also expected to grow at the highest CAGR during 2022 to 2028.

Based on geography, the global apheresis equipment market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. The North America global apheresis equipment market held the largest share of the market in 2021. The US dominated the North America apheresis equipment market. The market growth in the country is expected to grow at the highest CAGR due to a rising number of apheresis procedures, along with apheresis centers, and growing access to well-developed healthcare infrastructure.

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The Canada apheresis equipment market is likely to grow due to the rising number of plasma exchange procedures and neurology apheresis procedures across the country. Also, the apheresis equipment market in Mexico is likely to experience growth opportunities due to the rise in the development of the healthcare system.

By geography, the apheresis equipment market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).

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This release was published on openPR.