Apheresis Equipment Market worldwide was worth $ 2.1 billion US dollars

In 2021, the market for Apheresis Equipment worldwide was worth $ 2.1 billion US dollars. AMR Group projects that the market will reach US$ 4.2 billion by 2031, growing at a CAGR of 11.5 percent between 2022 and 2031.

Industry Overview

Apheresis is the method of partially blood collection from a recipient and isolating it into its components. Furthermore, the necessary components, including plasma or platelets, are retained, and the remaining blood is infused back to the donor. Apheresis is used to separate the necessary blood components from the donor's blood and is also used to treat particular conditions like leukemia. Blood platelets are extracted using apheresis equipment and used to treat a variety of ailments.

Therapeutic apheresis is also used for plasma exchange and cytapheresis. It involves removing abnormal cells or substances from the blood that are affiliated with or cause specific diseases, as well as delivering plasma components in sub therapeutic amounts. The Optia Apheresis machine is a blood component separator that is utilized in variety of therapeutic apheresis, cell collection, and processing processes. In this therapy, apheresis equipment is used to collect convalescent plasma (CP) from fully recovered patients and regenerate it to active patients as a source of antibodies. However apart from that, the increasing prevalence of chronic illnesses and neurological disorders, as well as the growing number of blood donors, are factors driving the market growth. Moreover, supportive regulatory policies, as well as improved healthcare infrastructure, are driving global apheresis equipment and services.

Market Dynamics

The global Apheresis Equipment market is growing as the prevalence of blood-related disorders increases, and the availability of favorable government initiatives and reimbursement frameworks is expected to drive market growth. Additionally, increasing popularity & participation in blood donation drives and camps, along with an increase in the number of blood transfusions, are expected to boost demand for apheresis equipment during the forecast years. The increasing prevalence of chronic diseases like autoimmune diseases and cancer is expected to drive market growth. According to the National Stem Cell Foundation (NSCF), at around 4% of the global population is affected by one of more than 80 different autoimmune diseases.

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Technological advancements are propelling the Apheresis Equipment market by allowing for the creation of more modern equipments that incorporate advanced equipment and technologies. The increase in platelet donors and biopharmaceutical companies' R&D investments are expected to benefit the market. Hemophilia A affects approximately one in every 5,000 male births, according to the Centers for Disease Control and Prevention. Every year, approximately 400 people were born with haemophilia. According to Johns Hopkins Medicine Pathology, autoimmune diseases affect nearly 3% of the US population, or nearly 10 million people. Therapeutic plasma exchange (TPE) is a common treatment for autoimmune disorders. Moreover, On the other hand, risk with apheresis devices, as well as a lack of donor availability and histocompatibility are expected to hinder the market growth of Apheresis Equipment.

COVID Impact

The COVID-19 pandemic had a positive effect on the Apheresis Equipment industry. The COVID-19 pandemic became a global health crisis, inflicting significant disease burden and financial adversity on several sectors of the global economy, but it was discovered to be a favorable year for the Apheresis market because of its advantages during the pandemic period. Moreover, the widespread use of plasmapheresis in the treatment of COVID-19 patients, as well as the growing number of FDA-approved products, have been expected to fuel the market. For example, the FDA approved Terumo BCT's Spectra Optia Apheresis System and Marker Therapeutics' D2000 Adsorption Cartridge in April 2020 for the treatment of COVID-19 disease in adults 18 and elders resulted in the increase growth of Apheresis Equipment market.

Regional Trend

Geographically, North America dominated the Apheresis Equipment market, accounting for 35.5% of total revenue in 2022. The rising prevalence of blood-related diseases such as kidney disease, metabolic disease, cancer, and neurological disorders, as well as an increase in the number of donors along with the rising demand for blood components, are the basic factors driving the market in North America. According to the American Red Cross, nearly 6.8 million people donate blood in the United States each year. Furthermore, someone requires blood or platelets every 2 seconds. Thus, the rising number of blood transfusions and donation camps is propelling the market in the United States.

Because of the increasing prevalence of blood disorders requiring plasma and platelet transfusion in emerging countries such as India and China, the Asia Pacific region is expected to present outstanding Apheresis Equipment market opportunities. Furthermore, the industry is expected to benefit from improved healthcare infrastructure and an increase in the number of healthcare practitioners in this region during the forecast period.

Competitive Landscape

Key players operating in the Apheresis Equipment Market include Asahi Kasei Medical Co., Ltd., B. Braun Melsungen AG, Baxter International Inc., Cerus Corporation, Fenwal, Kawasumi Laboratories, KabiAG, Fresenius Medical Care, Haemonetics Corporation, Hemacare Corporation, Kaneka Corporation, Mallinckrodt, Nikkiso Europe GmbH, Terumo BCT, Inc., and Therakos among others. In 2020, Fresenius Kabi invested EUR 30 million with respect to build an apheresis & transfusion disposables plant in the Dominican Republic.

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Key USP's-

The market is monopolistic tendencies in nature, with a high level of mergers and acquisitions. Market players' major sustainability strategies include new product development, acquisitions, and strategic alliances. For example, Haemonetics received US FDA 510(k) approval for its NexSys PCS system with Persona technology in Oct. 2020.

Market Segmentation

Based upon the Products in the Apheresis Equipment market is segmented in Disposable Apheresis Kits and Device. The Products segment is dominated by disposable apheresis kit segment dominated the market with a share of almost 73% in 2022. Its dominance over the forecast period is due to the extensive advancement in the manufacturing of blood bags, disposable kits, and tubing. Based on the Application, the Apheresis Equipment market is segmented into Renal Diseases, Haematology and Neurology. In the application segment the most dominant market is Neurology which is the treatment of highly prevalent neurological disorders like multiple sclerosis and autoimmune neurological disorder are factors attributed to the dominant share of the segment. Based on the Procedure, the Apheresis Equipment market is segmented into Plasmapheresis, LDL apheresis, Plateletpheresis, Leukapheresis, Photopheresis, and Erythrocytapheresis. The plasmapheresis segment accounted for the largest revenue share of 53.3% in 2022.

Technology segment of Apheresis Equipment market is further bifurcated into Membrane Filtration and Centrifugation. In 2022, the centrifugation device segment accounted for 57% of the global market. When compared to membrane filtration, centrifugation produces faster, simpler, and more precise results, which contributes to its higher usage rates.

By Product

· Disposable Apheresis Kits

· Device

By Application

· Renal Diseases

· Haematology

· Neurology

By Procedure

· Plasmapheresis

· LDL apheresis

· Plateletpheresis

· Leukapheresis

· Photopheresis

· Erythrocytapheresis

By Technology

· Membrane Filtration

· Centrifugation

Global Apheresis Equipment Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Apheresis Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Points:
Define, describe and forecast Apheresis Equipment product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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