The relevance of extracorporeal therapy in medical sciences has
created fresh opportunities for growth within the global apheresis market. There is growing demand for new and improved apparatus that can separate the constituents of blood. The need to isolate a particular constituent of blood stems from advancements in medical diagnostics. Blood samples are extensively used for testing and analysis of an individual’s health. The order or occurrence of infections in the blood is also decided with the help of blood samples. Considering the aforementioned factors, it is important to conduct apheresis on blood samples to be tested.
The rising demand within the global apheresis market can be
attributed to advancements in medical technologies. Several researchers are focusing on developing key apparatus and technologies that can help in getting deeper insights about blood samples.
The process of apheresis is not new to the medical industry,
and has existed for several decades. After being manufactures by an American medical scientist, apheresis apparatus became an integral part of the medical and research infrastructure. Therefore, there is little contention about the emergence of new growth avenues within the global apheresis market. It is important for medical researchers to understand the applications of apheresis apparatus in order to optimize its usage.
The growing popularity of donation camps and drives has
brought forth several youngsters to support the cause. The study of blood plasma in blood banks is done to ensure safety of blood transfusion. Moreover, the red blood cells are also studied under close watch inside these blood banks. In this context, the use of apheresis for blood donation and testing is expected to gather momentum in the times to follow. Emergence of improved categories of apheresis apparatus has created ripples across the global market. Moreover, there is a dearth of new technologies for blood testing, and this gap can be addressed by the use of apheresis. Buy _ Research – https://www.transparencymarketresearch.com/checkout.php? rep_id=896<ype=S
Global Apheresis Market: Snapshot
Apheresis procedures have been performed since 1950’s for various
blood purification and blood component separation purpose. 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. The remaining blood is transfused back to donor or patient’s body. Apheresis procedures are performed across the globe for treatment of various neurological, renal, hematological, autoimmune and other disease.
In the past few years, apheresis procedures have witnessed a stark
rise in the number and areas of applications and the global market for these procedures continues to rise at an excellent pace. Presently, a variety of apheresis procedures are widely used as a part of treatment in various renal, neurology, hematology, cardiovascular and autoimmune diseases. Transparency Market Research states that the global apheresis market was valued at US$1.85 Bn. The market is projected to expand at a CAGR of 10.2% from 2017 to 2025 and reach US$ 4.33 Bn by 2025.
Request the Coronavirus Impact Analysis on this Markets
– https://www.transparencymarketresearch.com/sample/sample.php ?flag=covid19&rep_id=896 Photopheresis Procedures to Witness Most Promising Rise in Demand
In terms of procedure, the global apheresis market is segmented in
the report into plasmapheresis, photopheresis, LDL apheresis, plateletpheresis, leukapheresis, erythrocytapheresis and others. Of these, the segment of plasmapheresis dominated the global apheresis market in terms of revenue contribution in 2016, chiefly owing to high number of donor plasmapheresis procedures undertaken every year global and the vast of applications of therapeutic plasma exchange. The segment is also projected account for a notable share in the global market over the report’s forecast period and expand at a CAGR of 8.9% from 2017 to 2025.
However, the segment of photopheresis is expected to lead in terms
of rate of growth as the segment is projected to exhibit an excellent 12.2% CAGR from 2017 and 2025. The vast technological advancements observed in the field of photophersis in the past few years have led to a vast rise in the procedure’s vast applications in areas such as cancer and hematology disease treatment.
North America to Retain Dominance, Asia Pacific to Exhibit
Massive Growth Potential From a geographical standpoint, the global apheresis market has been segmented in the report into five regions: North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America dominated the global apheresis market in 2016 owing to its well-established healthcare infrastructure and high demand for plasma for production of plasma derived medicines. Disposables products segment is anticipated to contribute largest share in North America apheresis market.
Asia Pacific, with its considerably established apheresis market in
countries such as Japan and emerging economies such as India and China, is projected to witness exponential growth during the forecast period. The regional market is expected to exhibit an excellent CAGR of 11.2% from 2017 to 2025. Factors such as the vast rise in the prevalence of chronic diseases, high geriatric population, and increasing healthcare expenditure in this region will play the key role in upping the demand for apheresis procedures in the next few years.
Some of the leading players operating in the global apheresis market
are Asahi Kasei Medical Co. Ltd., Terumo Corporation, Haemonetics Corporation, Fresenius Kabi AG, Cerus Corporation, B. Braun Melsungen AG, Kawasumi Laboratories Inc., NIKKISO CO., LTD., Therakos, Inc., and Medica S.p.A.
More Trending Reports by Transparency Market Research