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Apheresis Equipment Market to exceed $4.5bn by 2024| Key Players: Hemacare Corporation, Asahi Kasei Kuraray Medical, B. Braun Melsungen AG
Apheresis Equipment Market
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Growing adoption of technologically advanced automated products should drive apheresis equipment 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.
Favorable reimbursement policies for apheresis treatment should significantly drive apheresis equipment market share. The U.S. Government actively funds for apheresis research through benefit programs such as Medicare, Medicaid, Veterans health administration, and military and employee insurance programs. Medicare provides coverage for apheresis procedures performed in a hospital as well as in blood centers.
Disposable apheresis kits grabbed over 78% of apheresis equipment market share in 2015, and expected to surpass USD 2,944 million by 2024 due to its growing acceptance and relatively less prices. Apheresis machines which includes membrane filtration and centrifugation should witness robust 17.1% CAGR from 2016 to 2024 due to increasing need for automated component separation devices. Neurology held over 50% of apheresis equipment market share with over USD 863 million in 2015 witnessing a robust 12.3% CAGR over the forecast period. Indispensable need of therapeutic apheresis for treatment of neurological disorders such as multiple sclerosis and autoimmune disorders should drive the segment growth.
U.S. led regional apheresis equipment market share with over 87% in 2015 and estimated to exceed USD 1,524 million by 2024. Growing demand for technologically advanced and automated products coupled with favorable reimbursement policies, and better access to advanced healthcare will drive business growth. Europe apheresis equipment market size was over USD 365 million in 2015 and expected to surpass 1,084 million by 2024 owing to presence of less stringent apheresis devices approval regulations and availability of large untapped opportunities in emerging European countries.
APAC apheresis equipment market size was valued over USD 412 million in 2015, with expectations to surpass USD 1,265 million by 2024. Rising prevalence of blood disorders in emerging markets of India and China should stimulate global apheresis equipment market share. Furthermore, improving healthcare infrastructure and rising number of healthcare practitioners should offer lucrative growth platform in this region.
Some industry players are Hemacare Corporation, Asahi Kasei Kuraray Medical, B. Braun Melsungen AG, Fenwal, Terumo BCT, Therakos, Haemonetics Corp.,Fresenius Kabi, Kawasumi Laboratories. Strategic collaborations, merger and acquisitions are key strategies followed by market payers for consolidating their position in the market.
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Global Apheresis Equipment Market By Application
Renal Disease
Neurology
Hematology
Global Apheresis Equipment Market By Procedure Analysis
Photopheresis
Plasmapheresis
LDL Apheresis
Plateletpheresis
Leukapheresis
Erythrocytapheresis
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