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Apheresis Consumables And Equipment Global Market Size, Share Analysis And Trends By 2033
Apheresis Consumables And Equipment Global Market Size
According to The Business Research Company's, The apheresis consumables and equipment market size has grown rapidly in recent years. It will grow from $2.96 billion in 2023 to $3.34 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, rising patient awareness of apheresis procedures, growing demand for blood components, aging population.
The apheresis consumables and equipment market size is expected to see rapidly grown in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to expanding use in cell therapy, emerging infectious diseases, personalized medicine, healthcare infrastructure development, increasing blood donations, rise in organ transplantation . Major trends in the forecast period include automation and robotics, therapeutic apheresis, remote apheresis services, portable apheresis equipment, automation and robotics.
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Market Drivers and Trends:
The cases of blood disorders are on the rise globally, creating a need for blood transfusions. Apheresis Equipment helps to transfuse blood for blood disorders like sickle cell anemia, leukemia, and cancer. According to a report published by the Leukemia and Lymphoma Society, 60,300 people in the USA are expected to be diagnosed with leukemia, and one person is diagnosed with blood cancer every 3 minutes requiring an immediate blood transfusion. According to the American Society of Hematology, 100,000 Americans possess sickle cell Anemia and another 2 million people carry the trait requiring Apheresis Equipment for blood transfusion. According to the International Agency for Research on Cancer (IARC), by 2040, 16.3 million new cancer cases are expected to be reported worldwide. Cancer treatment requires at least 8 units of blood per patient per procedure, thus requiring blood component collection and blood transfusion. Thus, such a high prevalence of these blood disorders increases demand for apheresis consumables and equipment industry.
Companies are developing technologically advanced and automated products that enhance the efficiency of the product (blood). Technologically advanced products like automatic apheresis equipment with continuous flow centrifugation, automated interface systems, and customized anticoagulant infusion systems are being developed and adopted. The adoption of automated Apheresis equipment has resulted in a more efficient and rapid blood separation process. For instance, Companies like Haemonetics Corp have developed automated apheresis equipment NexSys PCS that increases productivity and improves quality and compliance in plasma collection centers.
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Major Key Players of the Market:
Asahi Kasei Medical Co. Ltd.; Haemonetics Corporation; Kawasumi Laboratories Inc.; Fresenius SE & Co. KGaA; Terumo BCT; Fenwal Inc.; Braun Melsungen AG; Therakos Inc.; HemaCare Corporation; Cerus Corporation; Kaneka Corporation; Nikkiso Co.; Medica SpA; Terumo Corporation; Macopharma; Grifols S.A.; Baxter International Inc.; Fenwal, Inc.; Miltenyi Biotec GmbH; Infomed SA; Lmb Technologie GmbH; Medivators Inc.; Nigale Biomedical Inc.; Aferetica S.r.l.; Apheresis Care Group; Beijing Meso-Tech Co., Ltd.; Biegler GmbH; Brightwake Ltd.; Cytosorbents Corporation; DePuy Synthes Companies; Guangzhou Daji Medical Science and Technology Co., Ltd.; Haier Biomedical
Apheresis Consumables And Equipment Market 2024 Key Insights:
• The apheresis consumables and equipment market size will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.
• Increasing Global Blood Disorders Drive Demand For Apheresis Equipment And Consumables Market
• Technological Advancements Boost Efficiency In Apheresis Equipment And Consumables Market
• North America was the largest region in the apheresis consumables and equipment market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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