Published: May, 2018
The global apheresis market depicts the presence of a highly intense competitive landscape, says Transparency Market Research on the basis of a recent report. Such rivalry mainly exists due to the presence of innumerable vendors in the market, of which few hold a comparatively larger share in the market. Currently, new entrants in the market are not able to outshine their bigger rivals. However, the next few years are expected to change the scenario, as more companies start upping their game in the global apheresis market. Many businesses are focusing on strategies such as collaborations, mergers & acquisitions, and carrying out extensive research and development to grow in this market.
The players are expected to tighten their grip by ferociously working towards gaining maximum revenue in the next few years for establishing themselves concretely in the global apheresis market. Kawasumi Laboratories Inc., B. Braun Melsungen AG, Terumo Corporation, Haemonetics Corporation, Medica S.p.A., Asahi Kasei Medical Co. Ltd., Therakos, Inc., Fresenius Kabi AG, NIKKISO CO., LTD., and Cerus Corporation, are key companies operating in the global apheresis market since past few years.
According to expert analysis from TMR, the global apheresis market is projected to gain a humongous revenue of US$4.33 bn by 2025, from an initial revenue valued at US$1.85 bn. This growth is expected to be achieved at a fantastic CAGR of 10.2%, which is prognosticated to occur during the forecast period ranging from 2017 to 2025.
Existence of Chronic Diseases Increases Demand for Apheresis Processes
Widespread prevalence of chronic diseases all over the world has caused a high demand to exist regarding use of various blood components such as plasma, albumin, immunoglobin, and other coagulation factors. Such a high demand is a one of the primary reason of the global apheresis market to exhibit excellent growth, extraction of components is mainly done using apheresis. Also, strict regulation for maintaining safety in various healthcare facilities has made specialists to employ apheresis methods, thereby propelling the market to pick up substantial pace. With rapid advancements occurring in the field of therapeutic services, many healthcare organizations have made notable progress in the field of blood component extraction, consequently proving to be beneficial to the market.
High Costs of Apheresis Procedures Could Hinder Market’s Expansion
However, this market is being restrained mainly due to shortage of availability of relevant equipment and other accessories in remote regions to perform necessary procedures. High cost of the equipment might be passed on the patients and their kin in the form of exorbitant medical fees. This could discourage people mainly from underdeveloped and developing regions from opting for apheresis, primarily due to presence of less disposal income. Nevertheless, a rising awareness about benefits associated with apheresis is occurring. This awareness can ultimately lead towards early diagnosis of chronic disorders, consequently diluting the effect of the restraints.
This review of the market is based on a recent report by Transparency Market Research, titled “Apheresis Market (Product - Devices and Disposables; Application - Renal Diseases, Neurology, Cancer, Hematology, Autoimmune Diseases, and Cardiovascular Diseases; Procedure - Plasmapheresis, Photopheresis, LDL Apheresis, Plateletpheresis, Leukapheresis, and Erythrocytapheresis; Technology - Centrifugation and Membrane Filtration; End User - Private Blood Collection Centers, Public Blood Collection Centers, and Hospitals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025.”
- Many businesses are focusing on strategies such as collaborations, mergers & acquisitions, and carrying out extensive research and development to grow in this market.
- With rapid advancements occurring in the field of therapeutic services, many healthcare organizations have made notable progress in the field of blood component extraction, consequently proving to be beneficial to the market.
For the study, the market has been segmented as follows:
Global Apheresis Market, by Product
Global Apheresis Market, by Application
- Renal diseases
- Autoimmune disease
- Cardiovascular diseases
- Others (e.g. Fibrosis, Diabetes, etc.)
Global Apheresis Market, by Procedure
- Others (e.g. lymphapheresis, extracorporeal immunoadsorption, etc.)
Global Apheresis Market, by Technology
- Membrane Filtration
Global Apheresis Market, by End User
- Blood Collection Centers
Global Apheresis Market, by Geography
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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