Apheresis Equipment Market
Apheresis Equipment Market (Plasmapheresis, Photopheresis, Apheresis in Neurological, Renal, Hematological Diseases, Centrifugation, Membrane Filtration, Apheresis Machines and Disposable Kits) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018
Majorly used by the medical community, apheresis is seeing an increase in its application in the control of disease. Though not new to the field of science, therapeutic apheresis is witnessing an increase in scope over the last few years. In fact, each year, a large number of patients, the number going to millions, go through this treatment.
As per Transparency Market Research, the global apheresis equipment market would chart a CAGR of 11.3% from 2012 to 2028 and by the end of this period, the market worth would rise to USD 2.3 bn. It is a notable increase from USD 1.1 bn. in the year 2011.
Some of the factors that are leading to growth in the market are increase in incidence of diabetes and increase in prevalence of chronic diseases. Some of the most significant factors helping the market stay buoyant are outlined below:
- In America, 133 million people suffer from chronic diseases. Percentage wise this comes to 40% of the overall population. Six in every ten people in the region are suffering from a chronic disease and four in every ten are suffering from more than one. This will lead to growth in global apheresis equipment market.
- In 2014, the number of diabetics was a hefty 422 million and the prevalence of this disease in the year for adults aged 18 and above was 8.5%. The prevalence is quite high and rapidly increasing in countries that are considered middle or low income
- Increase in geriatric population is a significant factor driving growth in this market. One in every six people in the world with be old by the year 2050 and some 2 billion people will be falling in the age group of 60 and above by the same year. The pace of ageing would be higher in North America and Europe.
In the past few decades, the medical community all across the world has increasingly engaged in the use of apheresis. In therapeutic apheresis, a patient’s plasma or blood cellular parts are split and removed from the blood and replaced by substitute plasma or substitute blood fluids. The rationale behind apheresis is that the abnormal substances or cells in the patient’s blood are removed through apheresis, thereby leading to cure or control of the disease.