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Apheresis Market worth $3.3 billion by 2027

 



(PharmaNewsWire.Com, September 20, 2019 ) The rising incidence of chronic lifestyle diseases such as diabetes, kidney disorders, & respiratory diseases, increasing demand for blood components, and favorable reimbursement scenario are the key factors driving the growth of the Apheresis Market. However, scarcity of qualified donors and the high cost of apheresis machines & procedures are restraining the growth of this market.



“The therapeutic plasma exchange segment accounted for the largest share of the market”



On the basis of procedure, the market is segmented into automated/donor apheresis and therapeutic apheresis. Therapeutic apheresis is further segmented into therapeutic plasma exchange (TPE), therapeutic cytapheresis, photopheresis, and extracorporeal immunoadsorption (ECI). The therapeutic plasma exchange segment accounted for the largest market share in 2022.



The large share of this segment is attributed to the increasing prevalence and incidence of various blood disorders such as sickle-cell anemia and leukemia. The photopheresis segment is expected to register the highest CAGR during the forecast period due to the increasing demand for photopheresis in organ transplant rejection treatment.



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“The disposables segment is expected to grow at the highest CAGR during the forecast period.”



Based on product, the market is segmented into devices and disposables. The disposables segment accounted for the largest share and will be the fastest growing market during the forecast period. This is attributed to the increasing demand for disposables and rising preference for apheresis blood collection.



“The plasmapheresis segment to dominate the apheresis market”



Based on application, the market is segmented into plasmapheresis, plateletpheresis, erythrocytapheresis, leukapheresis, and other applications. The plasmapheresis segment accounted for the largest share of the market. Growth in the plasmapheresis segment can be attributed to the increasing use of plasma fractionation products in the treatment of various diseases and the growing demand for plasma and its components from pharmaceutical and biopharmaceutical companies.



“The centrifugation segment is expected to grow at the highest CAGR during the forecast period.”



On the basis of technology, the market is segmented into centrifugation and membrane separation. The centrifugation segment is expected to grow at the highest CAGR during the forecast period. The high growth rate of this segment can be attributed to the increasing use of centrifugation apheresis devices, especially by blood banks.



One of the major advantages of centrifugation technology is that it is used for the apheresis of any blood component. However, the time required for setting up a centrifugal interface is higher than that of the membrane-based device.



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“North America to hold the largest regional market share in 2022.”



In 2022, North America accounted for the largest share of the market, followed by Europe. The presence of established distribution channels, growing applications of apheresis products in plasma collection and fractionation, and rising number of hemophilic patients are driving the growth of the North American apheresis market. The Asia-Pacific region is expected to witness the highest growth in this market majorly due to improving healthcare infrastructure and growing economies in China and India. In addition, manufacturers are increasingly focusing on strengthening their presence in emerging APAC countries.



Some of the key players in this market are Haemonetics Corporation (U.S.), Fresenius Medical Care (Germany), Terumo BCT, Inc. (U.S.), Asahi Kasei Medical Co., Ltd. (Japan), Kawasumi Laboratories Inc. (Japan), Cerus Corporation (U.S.), B. Braun Melsungen AG (Germany), HemaCare Corporation (U.S.), Kaneka Corporation (Japan), and Nikkiso Co., Ltd. (Japan). These leading players primarily focused on product launches, acquisitions, agreements, collaborations, partnerships, and expansions to help growth in the market.



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