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2024-2033 Forecast: What is the Projected Growth Rate for the Apheresis Consumables And Equipment Market?
In recent times, a significant expansion has been observed in the apheresis consumables and equipment market. It is projected to rise from $2.96 billion in 2023 to $3.34 billion in 2024, with a compound annual growth rate (CAGR) of 12.9%. The upsurge in the past can be credited to the escalating occurrences of chronic illnesses, as well as the augmenting awareness among patients about apheresis techniques, the mounting demand for blood components and the increasing aging population.
The market size for apheresis consumables and equipment is anticipated to experience a rapid expansion in the coming years. It is projected to reach $5.1 billion by 2028, with a compound annual growth rate (CAGR) of 11.1%. Factors contributing to the growth during the forecast period include the broadening application in cell therapy, proliferation of infectious diseases, personalized medicine, development of healthcare infrastructure, increased blood donations, and a rise in organ transplants. Significant trends during the forecast period encompass automation and robotics, therapeutic apheresis, remote apheresis services, as well as portable apheresis equipment & robotics automation.
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What Are the Main Drivers Behind the Growth of the apheresis consumables and equipment Market?
As global instances of blood disorders increase, the requirement for blood transfusions is also growing. Apheresis Equipment is employed in the transfusion process for blood disorders such as sickle cell anaemia, leukaemia, and various forms of cancer. A Leukemia and Lymphoma Society report suggests that an estimated 60,300 individuals in the US are predicted to be diagnosed with leukaemia, and someone is known to be detected with blood cancer every three minutes necessitating an urgent blood transfusion. Meanwhile, the American Society of Hematology reports that about 100,000 Americans have sickle cell Anemia, and another 2 million are carriers of the trait, necessitating the use of Apheresis Equipment for blood transfusion. The International Agency for Research on Cancer (IARC) speculates that by 2040, 16.3 million new cases of cancer will be reported globally. Cancer patients require at least 8 units of blood per patient per procedure for their treatment, suggesting a need for blood component collection and transfusion. High prevalence rates of these blood disorders amplify the demand for apheresis consumables and equipment in the industry.
What Are the Primary Segments of the Apheresis Consumables And Equipment Market?
1) By Product: Disposables, Devices
2) By Technology: Centrifugation, Membrane Filtration
3) By Procedure: Photopheresis, Plasmapheresis, LDL Apheresis, Plateletpheresis, Leukapheresis, Erythrocytapheresis, Other Procedures
4) By Application: Renal Disease, Neurology, Hematology, Other Applications
Which Trends Are Revolutionizing the Apheresis Consumables And Equipment Market?
Firms are working on high-tech and automated goods that boost the efficacy of the product (blood). Products with advanced technology, such as automatic apheresis equipment with continuous flow centrifugation, automated interface systems, and tailored anticoagulant infusion systems, are being developed and implemented. The uptake of automated Apheresis equipment has led to a faster and more efficient blood separation procedure. For example, entities like Haemonetics Corp have designed automated apheresis equipment named NexSys PCS which escalates productivity and enhances quality and compliance in plasma collection facilities.
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Which Geographical Regions Are Pioneering Growth in the Apheresis Consumables And Equipment Market?
North America was the largest region in the apheresis consumables and equipment market in 2023. Western Europe was the second-largest region in the global apheresis consumables and equipment market share. The regions covered in the apheresis consumables and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The Apheresis Consumables And Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the apheresis consumables and equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Apheresis Consumables And Equipment Market Include
1. Apheresis Consumables And Equipment Market Executive Summary
2. Apheresis Consumables And Equipment Market Segments
3. Apheresis Consumables And Equipment Market Size And Template Market Growth Rate
4. Key Apheresis Consumables And Equipment Market Trends
5. Major Apheresis Consumables And Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Apheresis Consumables And Equipment Market
26. Top Apheresis Consumables And Equipment Companies
27. Apheresis Consumables And Equipment Market Opportunities And Strategies
28. Apheresis Consumables And Equipment Market, Conclusions And Recommendations
29. Appendix
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