(PharmaNewsWire.Com, October 10, 2017 ) According to the report “Latin America Apheresis Market By Product (Devices And Disposables), Procedure (Donor, Therapeutic, Photopheresis), Application (Renal Diseases, Neurology, Cancer, Hematology, Autoimmune Diseases And Cardiovascular Diseases), Technology (Centrifuge And Membrane Separation), End User (Private Blood Collection Centres, Public Blood Collection Centres And Hospitals) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the Latin America Apheresis Market was worth USD 0.18 billion in 2016 and estimated to be growing at a CAGR of 6.9%, to reach USD 0.25 billion by 2021.
Apheresis is a procedure of blood component separation using centrifugation or membrane filtration technology. This procedure is performed either for donation of a blood component or for treatment of a disease by removal of the diseased or disease-causing blood component. Whole blood is extracted from donor or patient’s body, processed through apheresis machine, and the desired blood components are separated based on their molecular weight, size, and affinity for particular substance.
Strategic alliances, mergers and acquisitions and new product development are some of the sustainability strategies in Apheresis market adopted by the key industry players. Advanced technological innovations are aimed at delivering effective and faster results. Automated interface systems and GUI displays reduces human intervention and improves their adoption rates thus spurring apheresis equipment industry growth.
Rising prevalence of diseases and growing number of Trauma and injury cases, increasing demand for source plasma from biopharmaceutical companies, rising demand for blood components and growing concerns regarding blood safety, increase in the number of complex surgical procedures and favourable reimbursement policies for apheresis procedures are the drivers of the market growth. Lack of awareness about apheresis procedures, high cost of apheresis devices and procedures and scarcity of qualified donors are restraining the market.
The Latin America Apheresis Market is segmented into Product, Procedure, Application, Technology and End user. On the basis of product, the market is segmented into Apheresis devices and disposables. Based on procedure, the market is segmented into donor/automated apheresis and therapeutic apheresis. The Application segment includes Renal Diseases, Neurology, Cancer, Hematology, Autoimmune Diseases and Cardiovascular Diseases. On the basis of technology, the market is segmented into Centrifuge and Membrane Separation. Centrifuge segment include Intermittent Flow and Continuous Flow. Based on End user, the market includes Private Blood Collection Centres, Public Blood Collection Centres and Hospitals.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the healthcare division has increased the demand for apheresis. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the Apheresis market. The Latin America market has a share of 12% and has a CAGR of 6.9%.
The key players in this market are Asahi Kasei Medical Co., Ltd., Haemonetics Corporation, Terumo BCT, Inc., Fresenius Medical Care, Kawasumi Laboratories Inc., Cerus Corporation, HemaCare Corporation, Kaneka Corporation, B. Braun Melsungen AG, and Nikkiso Co., Ltd., Therakos, Inc., and Medica S.p.A.
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