Apheresis Equipment Market is expected to witness substantial growth during Forecast by 2022

In 2012, the global apheresis market was valued around USD 1.21 billion and is projected to reach approximately USD 2.57 billion by 2022, registering a compound annual growth rate (CAGR) of 7.05% during the forecast period. The existence of well-disposed government initiatives as well as reimbursement plan is likely to drive demand over the forecast years. Moreover, increase in a number of platelet donors and rising investments in research and development by biopharma market players are projected to assist as high impact delivering factors. Increasing occurrence of blood-related diseases is anticipated to encourage demand by escalating the application rates of apheresis equipment and its kits. As per the NHSBT, the platelets demand is estimated to expand at 3% rate yearly during 2011 to 2014. Furthermore, rising awareness levels concerning to platelet donation is expected to encourage demand in developed countries. The existence of elevated unfulfilled demands and speedily growing platelets demand in the developing Latin American and Asia Pacific regions is anticipated to assist this market as future expansion opportunities. According to the reports released by the National Center for Biotechnology Information, chronic renal illnesses have an occurrence rate of 8% to 16% globally.

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Product Outlook and Trend Analysis

Kits are bunched collectively and are comprehensive of separators, tubing set, filters, and other elements. Elevated application volume combined with speedily rising apheresis procedure demand are a few factors leading to the global growth of this market. Additionally, single utilization assists in restraining device-associated blood contamination in patients and donors, thus encouraging the growth of the segment.

Procedure Outlook and Trend Analysis

In 2015, plasmapheresis reported for the major share of around 50.0% of the global procedure market. Plasmapheresis formulated in 1951 by Grifols which is a procedure including the partition of plasma from the blood cells. The plasma-based medicines are also given to patients with weak immunity in order to try and increase resistance to disease or infection. Increasing prevalence of blood-related diseases and rising plasma-derived drugs demand is anticipated to assist as a key factor driving the global market growth.

Market Classification

Apheresis Equipment Market, By Product, Estimates and Forecast, 2012-2022 ($Million)

Apheresis Machine
Disposable Apheresis kits

Apheresis Equipment Market, By Procedure, Estimates and Forecast, 2012-2022 ($Million)

PlasmApheresis
Plateletpheresis
LDL-Apheresis
LeukApheresis
ErythrocytApheresis
Photopheresis

Apheresis Equipment Market, By Application, Estimates and Forecast, 2012-2022 ($Million)

Hematology
Renal Diseases
Neurology
Other Applications

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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