Press release
Bone Marrow Processing Systems Market COVID 19 Impact & In-Depth Analysis till 2031 including key players - ThermoGenesis (Cesca Therapeutics inc.), RegenMed Systems Inc., MK Alliance Inc.
A bone marrow processing system is a functionally closed, sterile system designed for automatically isolating and concentrating stem cells derived from donated bone marrow aspirate.Rising applications of bone marrow transplant procedures and bone marrow donation procedures used in the treatment of bone marrow cancers, such as acute leukemia, multiple myeloma, immune deficiency disorders, aplastic anemia, spinal fusions, lymphomas, non-union fractures, osteonecrosis and other rare genetic diseases of the bone marrow, is the primary driver in the market.
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The need to selectively isolate and concentrate selective cells, such as mononuclear cells, allogeneic cancer cells, T cells and others, is driving the market.
Over 30,000 bone marrow transplants occur every year. The explosive growth of stem cells therapies represents the largest growth opportunity for bone marrow processing systems.
Bone Marrow Processing Systems Market: Drivers and Restraints
The attractive benefits of bone marrow processing systems over manual bone marrow aspiration and analytical chemistry isolation methods, such as consistency, high recoveries in a targeted volume, simultaneous processing, automation, smaller processing times, elimination of cell separation media or sedimentation agents, are driving the adoption of bone marrow processing systems.
Other advantages, such as decreased risk of graft-versus-host diseases (GVHD) negate the high cost of bone marrow processing systems.
The advancements in bone marrow harvest and bone marrow needles technology are also driving bone marrow processing system’s market growth.
However, high cost of installation and maintenance, lack of trained work force and the nascent stage of technology represent some of the restraints in the global bone marrow processing systems market.
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The high cost of bone marrow transplant procedures, risk of infections and poor healthcare infrastructure in developing regions are some other constraints in the bone marrow processing systems market.
The bone marrow aspiration pain and the highly invasive nature of the procedure might also hamper the bone marrow processing system market over the forecast period.
Bone Marrow Processing Systems Market: Segmentation
The global bone marrow processing systems market is segmented based on components, applications, end users and region.
Based on components, the global bone marrow processing systems market is segmented into the following:
Instrumentation
Sensors
Suction Pump
Others
Consumables
Needles
Solvents
Others
Based on applications, the global bone marrow processing systems market is segmented into the following:
Cord Blood Processing
Bone Marrow Processing
Oncology
Genetic Diseases
Aplastic Anemia
Others
Based on end users, the global bone marrow processing systems market is segmented into the following:
Hospitals
Diagnostic Labs
Ambulatory Surgical centers
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Bone Marrow Processing Systems Market: Overview
The global market for bone marrow processing systems is highly consolidated with a handful players dominating the scene.
The bone marrow processing system market trends include a definite shift in favor of developing regions of Asia Pacific, such as India and China.
There is also a strong trend of collaborations between large hospitals and third party payers as the technology is in its nascent stage and the installation base of bone marrow processing systems is quite small.
Technology gains from product development represent the largest value proposition.
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