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Apheresis Equipment Market Poised to Garner Maximum Revenues During 2016 - 2024
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Apheresis equipment market is growing, this is attributed to increasing usage of this equipment during blood donation also the equipment is used in many diseases such as severe cryoglobulinemia, Guillain-Barre (GB) syndrome, homozygous familial hypercholesterolemia, myasthenia gravis, fulminant Wilson disease etc. In addition to this, apheresis procedure is also used as second line treatment in many other conditions.
Growing healthcare expenditure, and rising insurance coverage, aids in the revenue growth of apheresis equipment market. Increasing number of new product launches in centrifuge-type apheresis system drives the market for apheresis equipment. However higher pricing of these systems along with stringent regulations is expected to hamper the growth of the apheresis equipment market over the forecast period.
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Apheresis equipment market revenue is expected to grow at a good growth rate, over the forecast period. The market is anticipated to perform well in the near future due to increasing awareness regarding its therapeutic usage. Plasmapheresis is anticipated to grow with a fastest CAGR over the forecast period, attributed to increasing number of blood donors willing to donate blood through plasmapheresis. Increasing investment in R&D and increasing number of new product launches are the major factors estimated to drive the revenue growth of apheresis equipment market.
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Depending on geographic region, the Apheresis Equipment market is segmented into five key regions: North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
North America is occupying the largest regional market share in the global apheresis equipment market owing to the presence of more number of market players, high donor awareness levels, increasing healthcare expenditure and relatively larger number of R&D exercises pertaining to product manufacturing and marketing activities in the region. Also Europe is expected to perform well in the near future due to increasing usage of apheresis equipment in blood donation centers.
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