Global Apheresis Market Size By End User, By Technology, By Application, By Geographic Scope And Forecast
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Apheresis Market Size By End User, By Technology, By Application, By Geographic Scope And Forecast
Apheresis Market Size And Forecast
Apheresis Market size was valued at USD 3.99 Billion in 2024 and is projected to reach USD 6.3 Billion by 2031, growing at a CAGR of 12.6% during the forecast period 2024-2031.
Global Apheresis Market Drivers
The market drivers for the Apheresis Market can be influenced by various factors. These may include
- Growing incidence of Chronic Diseases The need for apheresis treatments is driven by the growing incidence of chronic diseases, including cancer, autoimmune disorders, and cardiovascular diseases. Through the removal of disease-causing elements from the patient’s blood, such as autoantibodies, toxins, and aberrant cells, apheresis is used to treat a variety of chronic illnesses.
- Growing Need for Plasma Derivatives and Blood Components Apheresis techniques are necessary to extract blood components such red blood cells, plasma, and platelets for therapeutic and transfusion uses. The apheresis market is growing due to the rising need for blood components and plasma derivatives brought on by trauma cases, surgical procedures, and blood disorders.
- Technological Developments in Therapeutic Apheresis Methods The efficiency, safety, and efficacy of therapeutic apheresis treatments are improved by technological developments in techniques such as membrane filtration, centrifugal apheresis, and selective adsorption. Market expansion is fueled by new technologies that provide accurate blood component separation control, shorter treatment times, and better patient outcomes.
- Increasing Utilization in Oncology and Hematology Apheresis treatments are essential for the treatment of hematologic diseases because they eliminate extra blood cells, aberrant proteins, and tumor cells that are in circulation from the patient’s circulation. These conditions include leukemia, lymphoma, and myeloma. Apheresis’s growing uses in oncology and hematology are fueling the market’s expansion as medical professionals look for efficient ways to treat blood-related illnesses including cancer.
- Growing Need for Therapeutic Plasma Exchange (TPE) TPE is a popular apheresis technique used to treat neurological conditions, autoimmune diseases, and problems from transplants. TPE operations are in high demand due to the rising frequency of autoimmune illnesses such multiple sclerosis, Guillain-Barré syndrome, and myasthenia gravis, which is driving the market expansion.
- Growing Geriatric Population Chronic diseases and age-related ailments that call for apheresis treatments for treatment and management are more common in the aging population. The demand for apheresis services to address age-related health conditions is rising in tandem with the worldwide geriatric population, propelling market expansion.
- Growing Healthcare Expenditure Growing healthcare spending, especially in developing nations, encourages the development of apheresis facilities and equipment as well as other healthcare infrastructure. Increased spending on healthcare makes it possible for providers to enhance patient access to apheresis treatments, increase service offerings, and invest in cutting-edge apheresis technologies, all of which propel market growth.
Global Apheresis Market Restraints
Several factors can act as restraints or challenges for the Apheresis Market. These may include
- Expensive techniques and Equipment Apheresis techniques call for expensive consumables and equipment that must be purchased and maintained. In addition, costs associated with facility usage, post-operation care, and medical professional knowledge may be incurred during the treatment itself. Adoption may be hampered by the high expense of apheresis, especially in areas with tight healthcare budgets or difficulties with reimbursement.
- Difficulties with Reimbursement Different payers and healthcare systems have different reimbursement schedules and regulations for apheresis operations. Reimbursement may not always be sufficient to cover the expenses of apheresis, which puts financial hardship on medical professionals and limits patient access. The apheresis industry’s market dynamics and investment choices may also be impacted by uncertainty or modifications to reimbursement regulations.
- Complexity and Training Requirements To perform apheresis operations safely and successfully, healthcare workers need to undergo specialized training. Healthcare practitioners may face difficulties due to the intricacy of the tools and processes, as well as the requirement for expertise in patient monitoring and management. Sufficient training courses and continuous education are necessary to guarantee the proficiency of apheresis technicians.
- Low Awareness and Access Although apheresis has several clinical advantages, it may not be as widely used or as easily accessible in some areas or medical contexts. Underutilization may result from patients’ and healthcare professionals’ ignorance about the uses, advantages, and accessibility of apheresis therapy. To increase access to apheresis services, it is imperative to enhance outreach, education, and awareness campaigns.
- Safety Issues and Adverse Events Apheresis operations are not without danger. These include anticoagulant adverse responses, difficulties linked to vascular access, and adverse events connected to transfusion. When performing apheresis operations, healthcare professionals need to closely evaluate a patient’s eligibility and keep an eye out for any potential consequences. Sustaining patient trust and guaranteeing the ongoing use of apheresis therapies requires addressing safety concerns and limiting adverse effects.
- Limited Blood Supply and Donor Recruitment Apheresis is frequently utilized for the exchange of therapeutic plasma and the harvest of cells from willing donors. But finding and keeping qualified donors can be difficult, especially when it comes to uncommon blood types or specialized cell treatments. To meet patient demands and support continuing research and development initiatives, it is imperative to maintain an appropriate supply of blood products and donor-derived cellular products.
- Technological Restrictions and Innovation Barriers Despite recent major advancements in apheresis technology, there are still certain restrictions and room for development. The market expansion and adoption of apheresis therapies might be impeded by various challenges, including limited automation, unpredictability in equipment performance, and the need for constant innovation to address increasing clinical demands.
Global Apheresis Market Segmentation Analysis
The Global Apheresis Market is Segmented on the basis of End User, Technology, Application and Geography.
Apheresis Market, By End User
- Hospitals and Clinics Apheresis treatments are carried out in hospital environments, such as community hospitals, academic medical facilities, and centers for specialized care.
- Blood banks and transfusion centers Gathering donor blood components for therapeutic apheresis, transfusion, or other processing.
- Ambulatory Surgical Centers These are outpatient clinics that provide patients with ongoing medical issues or prescribed therapies with apheresis procedures.
Apheresis Market, By Technology
- Centrifugation Apheresis systems, such as continuous flow and intermittent flow models, that use centrifugal force to separate blood components according to density.
- Membrane filtering Apheresis devices that remove particular blood components, such as immunoadsorption and plasma exchange, selectively based on size or affinity using membrane-based filtering techniques.
Apheresis Market, By Application
- Therapeutic apheresis Used to treat a variety of illnesses, such as autoimmune diseases, neurological disorders, hematological disorders, and complications following organ transplants, by eliminating toxic compounds or excess components from the blood.
- Donor Apheresis Donor apheresis, which includes platelet, leukapheresis, and plasmapheresis, is the process of separating particular blood components from healthy donors for transfusion or therapeutic uses.
Apheresis Market, By Geography
- North AmericaMarket conditions and demand in the United States, Canada, and Mexico.
- EuropeAnalysis of the Apheresis Market in European countries.
- Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
- Middle East and AfricaExamining market dynamics in the Middle East and African regions.
- Latin AmericaCovering market trends and developments in countries across Latin America.
Key Players
The major players in the Apheresis Market are
- Fresenius SE & Co. KGaA
- Haemonetics Corporation
- Terumo Corporation
- B. Braun Melsungen AG
- Asahi Kasei Corporation
- Cerus Corporation
- Kawasumi Laboratories, Inc.
- HemaCare Corporation
- Kaneka Corporation
- Grifols, S.A.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
UNIT | Value (USD Billion) |
Key Companies Profiled | Fresenius SE & Co. KGaA, Haemonetics Corporation, Terumo Corporation, B. Braun Melsungen AG, Asahi Kasei Corporation, Cerus Corporation, Kawasumi Laboratories, Inc., HemaCare Corporation, Kaneka Corporation, Grifols, S.A. |
Segments Covered | By End User, By Technology, By Application, By Geography |
Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as a future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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