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Apheresis Equipment Market to Exhibit A Lucrative Growth Of 11.4%

Author : Rahul Sankrityayan | Published Date : 2019-04-03 

Global Apheresis Equipment Market is set to exceed USD 4.5 billion by 2024; as per a new research report by Global Market Insights, Inc. Growing adoption of technologically advanced automated products should drive market growth over the forecast period.  Various technological advancements such as automatic apheresis equipment with continuous flow centrifugation, automated interface system, and facilities such as customized anticoagulant infusion system, screen navigation, and GUI display. These advancements are expected to boost apheresis equipment demand.

Increasing incidence of cardiovascular disorders such as sickle cell anemia, leukemia, rising demand for automated blood component separation procedures along with growing awareness regarding apheresis blood collection should drive global apheresis equipment market size. 

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Apheresis machines and disposable apheresis kits are the two basic bifurcations of Apheresis equipment market. Disposable kits recorded a global domination over the product landscape by covering almost 78% of the overall market in 2015. Comparatively lesser price and growing popularity will thrive the product demand in the years ahead and is anticipated to exceed USD 2944 million by the end of 2024. Machine based apheresis equipment industry will also register a shooting CAGR of 17.1% over the period of 2016-2024. Automated component separation devices fall under machine category of market.
 
Apheresis equipment market finds its extensive application in the treatment of neurology, hematology, and renal diseases. Neurology accounted for half of the overall industry share in 2015, and collected a massive revenue of more than USD 863 million in that year. With the increasing prevalence of neurological diseases that demand plasma-derived therapies such as auto immune disorders and multiple sclerosis, apheresis equipment industry from Neurology is poised to grow noticeably at an annual rate of 12.3% over the coming seven years. Plasmapheresis contributed 54% of the overall apheresis equipment industry share in 2015 and is anticipated to cross USD 2,152 million in the coming seven years.
 
Regionally, U.S. apheresis equipment market outpaced the global landscape in 2015 by covering almost 87%of the overall industry share. The huge coverage of the regional industry can be grounded to the country’s improved healthcare access, favorable reimbursement policies, and keenness toward hi-tech automated products. U.S. government’s heavy investment in research activities along with a considerable number of platelet donors available in the region is further favoring a positive trend in the overall apheresis equipment industry. As per estimation, U.S. market is projected to collect a massive revenue of USD 1524 million by 2024.
 
Countries like China, India have profound grounds enhancing overall Asia Pacific apheresis equipment market outlook. The speedy growth of this region can be primarily credited to the increasing prevalence of blood-related disorders in these regions. Continuously progressive healthcare infrastructure and a presence of upgraded health care professionals are some of the other influential factors that are equally complementing the growth curve. APAC market size which was more than USD 412 million in 2015 is expected to take a giant leap in the coming years in terms of revenue share by collecting USD 1265 million by 2024. Japan will contribute significantly toward the APAC apheresis equipment industry share owing to the region’s increasing adoption of advanced apheresis products along with growing occurrence of cardiovascular diseases.
 
Associated risks with apheresis procedures, histocompatibility, and donor deficiency are some of the crucial aspects from where the market is anticipated to face limitations. However, unmet needs of emerging market will encourage the manufacturers to invest more in these regions. Some of the key players of apheresis equipment market include B.Braun Melsungen, Fresenius Kabi, Terumo, Melsungen, Hemacare Corporation, and Therakos.

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Global Market By Product

Disposable Kit
Apheresis Machines

Global Market By Application

Renal Disease
Neurology
Hematology

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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