Apheresis Equipment Market expected to reach $6.1 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Dec. 14, 2022 /PRNewswire/ -- The global apheresis equipment market size is expected to be worth USD 6.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.94% from 2023 to 2030. The rising demand for blood components, along with the rising incidence of diseases requiring blood transfusions such as leukemia, hemophilia, sickle cell anemia, and the growing usage of apheresis for cancer therapy, are all driving the demand.

Key Industry Insights & Findings from the report:

• Based on product, the disposable apheresis kits segment dominated the market in 2022. Bulk volume purchase associated with these products is predicted to govern their growth. A single cycle of apheresis procedure consumes multiple disposable sub-parts which are responsible for a comparatively larger market volume as compared to apheresis machines.
• The photopheresis procedure is anticipated to witness lucrative growth owing to its rising demand in treatment. The procedure is approved for the treatment of solid organ transplant rejection, scleroderma, type 1 diabetes, pemphigus vulgaris, lichen planus&atopic dermatitis, and cutaneous T-cell lymphoma.
• In terms of technology, centrifugation, which has a wide range of applications in the separation of plasma and other components, dominated the market. Membrane filtration, on the other side, is expected to report the highest growth because it is faster and requires fewer fluid replacements.
• Based on application, the apheresis equipment market is divided into renal diseases, hematology, neurology, and others. The neurology segment dominated the market during the projection period. The rising prevalence of neurological disorders boosting the segment.
• North America dominated the market in 2022 and Asia Pacific is anticipated to witness the fastest growth over the forecast period. The presence of high unmet needs and rapidly increasing demand for platelets in the emerging Asia Pacific and Latin American markets is expected to serve this market as future growth opportunities.
• In July 2021, The Terumo Blood and Cell Technologies Spectra Optia Apheresis System and UVA PIT System together launched the Extracorporeal photopheresisimmunotherapy.
• In August 2020, India's Directorate General of Drug Enforcement (DGCI) has approved the use of an apheresis machine to collect plasma from severely affected COVID-19 patients in Goa.

Read 100 page full market research report, "Apheresis Equipment Market Size, Share & Trends Analysis Report By Application (Renal Diseases, Haematology, Neurology), By Procedure (Plasmapheresis, LDL-Apheresis, Plateletpheresis, Leukapheresis), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Apheresis Equipment Market Growth & Trends

The market is expected to grow significantly due to the rising prevalence of target diseases. The advantages of apheresis collection over whole blood collection, as well as the rising demand for plasma from biopharmaceutical companies for use in plasma fractionation, are all contributing to the industry's growth. Furthermore, the constant shortage of blood, and even the demand to ensure the safety of the blood that is provided, has shifted attention to apheresis blood.

The U.S. Federal Government has been very involved in the funding of apheresis research through its benefit programs such as Medicare, Medicaid, veterans' health administration military, and employee insurance programs. Medicare provides coverage for apheresis regardless of whether the procedure is performed in a hospital or a blood center. In addition, private insurers have recently begun to closely examine apheresis procedures and issue policy statements pertaining to coverage.

The industry is also expected to be driven by technological innovations aimed at delivering relatively more effective and faster results. Healthcare practitioners and researchers are now in need of devices requiring minimum human intervention and the introduction of fully automatic apheresis equipment with enhanced displays is expected to improve usage rates.

The outbreak of COVID-19 had a significant impact on the market. Due to travel restrictions and social distancing, many donors refrained from blood donation leading to the cancellation of blood donation camps. The Indian Red Cross Society used to collect 200 units of blood in one day. This fell by 80% to 30-40 units in 2020. However, demand for plasma therapy during the later phase of the pandemic increased the demand for plasmapheresis.

Apheresis Equipment Market Segmentation

Grand View Research has segmented the apheresis equipment market report based on product, procedure, application, technology, and region:

Apheresis Equipment Market - Product Outlook (Revenue, USD Million, 2017 - 2030)

• Disposable Apheresis Kits
• Device

Apheresis Equipment Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

• Renal Diseases
• Hematology
• Neurology
• Others

Apheresis Equipment Market - Procedure Outlook (Revenue, USD Million, 2017 - 2030)

• Plasmapheresis
• LDL-apheresis
• Plateletpheresis
• Leukapheresis
• Photopheresis
• Erythrocytapheresis
• Others

Apheresis Equipment Market - Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Membrane Filtration
• Centrifugation

Apheresis Equipment Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Denmark
• Sweden
• Norway
• Asia Pacific
• Japan
• China
• India
• Australia
• Thailand
• South Korea
• Latin America
• Brazil
• Mexico
• Argentina
• MEA
• South Africa
• Saudi Arabia
• UAE
• Kuwait

List of Key Players in the Apheresis Equipment Market

• B. Braun Melsungen AG
• Haemonetics Corporation
• Fresenius Kabi AG
• Asahi Kasei Medical Co., Ltd.
• Terumo BCT, Inc.
• Mallinckrodt
• Nikkiso Europe GmbH

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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