Therapeutic Plasma Exchange Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends

"The Business Research Company recently released a comprehensive report on the Global Therapeutic Plasma Exchange Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The therapeutic plasma exchange market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to the emergence of immunological diseases, increasing technological advancements, increased awareness and education, expanded indications, and improved understanding of the pathophysiology.

The therapeutic plasma exchange market size is expected to see strong growth in the next few years. It will grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to the rising geriatric population, clinical evidence and guidelines, regulatory environment, hospital infrastructure and healthcare investments, healthcare expenditure, and reimbursement policies. Major trends in the forecast period include personalized therapies, integration of automation, collaborative initiatives, and telemedicine integration.

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Market Drivers and Trends:

The high prevalence of hematological disorders is expected to propel the growth of the therapeutic plasma exchange market going forward. Hematological disorders, also known as blood disorders, refer to medical conditions that affect the blood and blood-forming tissues, including the bone marrow, lymph nodes, and spleen. Hematological disorders are rising due to factors including genetic predispositions, environmental influences, and lifestyle changes. Therapeutic plasma exchange (TPE) is utilized in hematological disorders to remove pathogenic substances from the plasma, such as autoantibodies in autoimmune hemolytic anemia or immune complexes in thrombotic thrombocytopenic purpura, thereby mitigating disease severity and improving patient outcomes. For instance, in August 2023, according to the Leukemia and Lymphoma Society, a US-based professional organization, the number of projected myeloma diagnoses is expected to rise by around 2.3% from 2021 to 2023, increasing from 34,920 to 35,730, respectively. Therefore, the high prevalence of hematological disorders is driving the growth of the therapeutic plasma exchange market.

Major companies operating in the therapeutic plasma exchange market are focused on developing technologically advanced products, such as automated plasma exchange systems, that can improve treatment accuracy, increase workflow efficiency, and simplify therapy setup and delivery. Automated plasma exchange systems are medical devices designed to perform therapeutic plasma exchange (TPE) procedures in a controlled and efficient manner. For instance, in May 2021, Baxter International Inc., a US-based healthcare company, launched the PrisMax 2 system, an automated plasma exchange system designed to advance critical care delivery for patients and hospitals by removing harmful substances from a patient's blood. This new system addresses key challenges faced in the intensive care unit (ICU), offering operational simplicity, smart efficiencies, and data-driven insights. The PrisMax 2 system simplifies the complexities of delivering continuous renal replacement therapy (CRRT) and other extracorporeal therapies, enhancing therapy management from setup to delivery.

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Major Key Players of the Market:

Medica S.p.A., Fresenius SE and Co. KGaA, Medtronic Plc., Asahi Kasei Corporation, Toray Industries Inc., Baxter International Inc., B Braun Melsungen AG, Terumo Corporation, Kaneka Corporation, Charles River Laboratories, Octapharma AG, Spectral Medical Inc., Nikkiso Co. Ltd., Haemonetics Corporation, Miltenyi Biotec Technology And Trading Co. Ltd., Macopharma SA, Cerus Corporation, Apellis Pharmaceuticals Inc., ImmunoTek Bio Centers LLC, CytoSorbents Corporation, Kawasumi Laboratories America Inc., Japan Medical Supply Co. Ltd.

Therapeutic Plasma Exchange Market 2024 Key Insights:

• The therapeutic plasma exchange market size is expected to see strong growth in the next few years. It will grow to $2.12 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Hematological Disorder Prevalence Fueling The Therapeutic Plasma Exchange Market Growth
• Advancements In Automated Systems For Enhanced Critical Care Delivery
• North America was the largest region in the therapeutic plasma exchange market in 2023

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