Apheresis Consumables And Equipment Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s apheresis consumables and equipment market report forecasts the apheresis consumables and equipment market size to grow to $4.6 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.
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Apheresis Consumables And Equipment Market Size Forecast
The global apheresis consumables and equipment market is expected to grow from $2.65 billion in 2022 to $2.96 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The apheresis consumables and equipment market is expected to grow from $4.6 billion in 2027 at a CAGR of 11.6%.
North America held the largest apheresis consumables and equipment market share.
Key Apheresis Consumables And Equipment Market Driver – Increase In Demand For Blood Disorders
According to a report published by 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 possessed 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.
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Key Apheresis Consumables And Equipment Market Trend – Developing Technologically Advanced And Automated Products
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 system, and customized anticoagulant infusion system 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 centres.
Apheresis Consumables And Equipment Market Segment
1) By Product: Disposables, Devices
2) By Technology: Centrifugation, Membrane Filtration
3) By Application: Renal Disease, Neurology, Hematology, Other Applications
4) By Procedure: Photopheresis, Plasmapheresis, LDL Apheresis, Plateletpheresis, Leukapheresis, Erythrocytapheresis, Other Procedures
Apheresis Consumables And Equipment Market Major Players and Strategies
Major players in the apheresis consumables and equipment market are Asahi Kasei Medical, Haemonetics Corporation, Kawasumi Laboratories Inc., Fresenius SE & Co. KGaA, Terumo BCT, FenwalInc., Braun Melsungen AG, TherakosInc., HemaCare Corporation, and Cerus Corporation.
The Apheresis Consumables And Equipment Global Market Report 2023 covers regional data on apheresis consumables and equipment market size, apheresis consumables and equipment market trends and drivers, opportunities, strategies, and apheresis consumables and equipment market competitor analysis. The countries covered in the apheresis consumables and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Apheresis consumables and equipment are devices through which the blood drawn from a donor is separated into its components through plasma exchange, stem cell harvest, photopheresis, and low-density lipid removal techniques. Further, the required components like plasma or platelets are retained and the remaining is passed to the circulation.
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