USD 2.8 billion
Apheresis Market Size, Share, Growth Analysis, By Product (Apheresis Disposals, Apheresis Devices), By Procedure (Plasmapheresis, Plateletpheresis), By Technology (Centrifugation, and Membrane Separation), By Application, By End user, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2190 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
92
|Figures:
76
Apheresis Market Insights
Global Apheresis Market size was valued at USD 2.8 billion in 2022 and is poised to grow from USD 3.1 billion in 2023 to USD 7.2 billion by 2031, growing at a CAGR of 11.1% during the forecast period (2024-2031).
The apheresis market is experiencing significant growth, driven by several factors. Firstly, the increasing burden of diseases and the rising demand for safe blood components are propelling the market forward.
Additionally, technological advancements in apheresis techniques are facilitating the development of new and improved procedures. Moreover, the implementation of favorable reimbursement policies and increased funding for apheresis procedures are supporting market growth.
Apheresis is increasingly being used as a primary or adjunct therapy for various diseases, including thrombotic thrombocytopenic purpura, hemolytic uremic syndrome, drug toxicities, autoimmune diseases, sepsis, and fulminant hepatic failure. The versatility and efficacy of apheresis procedures contribute to their rising adoption in clinical settings.
Furthermore, product innovations and approvals play a significant role in driving market growth. Despite the positive growth prospects, the market faces certain challenges such as a shortage of skilled professionals, concerns related to blood contamination, and the associated costs of apheresis procedures. Overcoming these barriers will be crucial for sustaining the market's growth trajectory.
US Apheresis Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plasmapheresis
Fastest Growth
Leukapheresis
Growth Rate
11.1% CAGR
Global Apheresis Market ($ Bn)
Country Share for North America Region (%)
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Apheresis Market Segmental Analysis
Global Apheresis Market is segmented by product, procedure, technology, application, end user and region. Based on Product, the market is segmented into Apheresis Disposals and Apheresis Devices. Based on Procedure, the market is segmented into Plasmapheresis, Plateletpheresis, Erythrocytapheresis, Leukapheresis, Photopheresis, LDL-apheresis, and Others. Based on technology, the market is segmented into Centrifugation, and Membrane Separation. Based on application, the market is segmented into Renal Diseases, Neurology, Haematology, Cancer, Autoimmune Diseases, Cardiovascular Diseases and others. Based on end user, the market is segmented into Blood Collection Centers & Blood Component Providers, Hospitals & Transfusion Centers, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Apheresis Market Analysis By Product
The largest segment in the Apheresis market is plasmapheresis. The wide application of plasmapheresis in treating autoimmune disorders, neurological conditions, and certain hematological diseases contributes to its significant market size.
On the other hand, the fastest-growing segment in the apheresis market is leukapheresis. The growing demand for leukapheresis is driven by the increasing adoption of cellular therapies, such as CAR-T cell therapy. The expanding use of cellular therapies in treating cancer and other diseases fuels the demand for leukapheresis procedures, making it the fastest-growing segment in the market.
Apheresis Market Analysis By Technology
The largest segment in the apheresis market based on technology is centrifugation. Centrifugation is a well-established and widely used technology in apheresis procedures. The reliability, versatility, and established track record of centrifugation technology contribute to its dominant market position.
The fastest-growing segment in the apheresis market in terms of technology is membrane separation. The growing demand for targeted therapies and the need for more gentle and efficient blood component separation techniques drive the increasing adoption of membrane separation in apheresis procedures. The ability of membrane separation technology to achieve high-quality separation and improved patient outcomes positions it as the fastest-growing segment in the market.
Global Apheresis Market By technology
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Apheresis Market Regional Insights
The dominating region in the global apheresis market is North America. North America boasts a significant market share due to several factors. The region has a well-established healthcare infrastructure, advanced technological capabilities, and a high prevalence of chronic diseases that require apheresis procedures. Moreover, favorable reimbursement policies and strong awareness about the benefits of apheresis therapies contribute to the region's dominance. North America is home to key market players, cutting-edge research facilities, and a supportive regulatory framework, all of which further drive the market's growth in the region. These factors combined make North America the leading and dominating region in the global apheresis market.
The fastest-growing region in the global apheresis market is Asia-Pacific. Asia-Pacific is experiencing remarkable growth in the market due to various factors. The region has a large and rapidly aging population, which increases the incidence of chronic diseases that require apheresis procedures. Additionally, rising healthcare expenditure, improving healthcare infrastructure, and increasing awareness about advanced treatment options are propelling the demand for apheresis therapies in the region. Moreover, the presence of a large patient pool, particularly in countries like China and India, presents significant growth opportunities. As a result, Asia-Pacific is witnessing substantial investments, collaborations, and product launches by key market players to capitalize on the growing market potential. With its expanding healthcare sector and untapped market opportunities, Asia-Pacific is positioned as the fastest-growing region in the global apheresis market.
Global Apheresis Market By Geography
- Largest
- Fastest
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Apheresis Market Dynamics
Apheresis Market Drivers
Increasing Prevalence Of Chronic Diseases
- The rising incidence of chronic diseases such as cancer, autoimmune disorders, and cardiovascular diseases is driving the demand for apheresis procedures. Apheresis plays a crucial role in managing these conditions by selectively removing or collecting specific blood components, thereby improving patient outcomes.
- There is a shift towards personalized medicine, where treatments are tailored to individual patient characteristics. Apheresis procedures enable targeted therapies by selectively removing disease-causing substances or collecting specific blood components for further treatment or research, aligning with the principles of personalized medicine.
Apheresis Market Restraints
High Cost
- The high cost associated with apheresis devices and therapeutic procedures, along with the challenges of installing these devices, pose obstacles to the growth of the apheresis market. The significant investment required for acquiring and maintaining apheresis devices, as well as the expenses associated with conducting therapeutic apheresis procedures, can limit their widespread adoption. Additionally, the lack of awareness about apheresis among potential blood donors may result in fewer blood donations using apheresis techniques, further hindering market growth.
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Apheresis Market Competitive Landscape
The market is moderately competitive, with a few major players dominating the industry. While the market has established a strong presence in many regions and demonstrated initial success, its full potential in developing regions is yet to be fully realized. The growth of the market is being propelled by increasing government initiatives and a rising awareness among people about the condition. This heightened awareness is driving the demand for advanced treatments and therapies in the market.
Apheresis Market Top Player’s Company Profiles
- Terumo BCT, Inc. (Japan)
- Fresenius Medical Care (Germany)
- Haemonetics Corporation (United States)
- Baxter International (United States)
- Asahi Kasei Medical Co., Ltd. (Japan)
- Kaneka Corporation (Japan)
- Cerus Corporation (United States)
- B. Braun Melsungen AG (Germany)
- Macopharma SA (France)
- Kawasumi Laboratories (Japan)
- Nikkiso Co., Ltd (Japan)
- Medica SPA (Italy)
- Miltenyi Biotec (Germany)
- Otsuka Holdings (JIMRO) (Japan)
- Cytosorbents Corporation (United States)
- Bioelettronica S.r.l. (Italy)
- Guangzhou Daji Medical (China)
- Beijing ZKSK Technology (China)
- Infomed SA (Switzerland)
- Haier Biomedical (China)
Apheresis Market Recent Developments
- In July 2022, Terumo Blood and Cell Technologies entered into a collaboration with Eliaz Therapeutics to develop and commercialize a groundbreaking therapeutic apheresis treatment specifically designed for acute kidney injury (AKI).
- In June 2022, Terumo Blood and Cell Technologies announced a significant milestone in the treatment of sickle cell disease. The UK's NHS England selected Terumo's Spectra Optia Apheresis System for the automated red blood cell exchange (RBCX) procedure as part of the NHS MedTech Funding Mandate (MTFM) program.
Apheresis Key Market Trends
- One key market trend in the apheresis market is the increasing adoption of personalized medicine and targeted therapies. As healthcare advancements continue to evolve, there is a growing emphasis on tailoring treatments to individual patients based on their specific medical conditions, genetic profiles, and treatment responses. This approach allows for precise and customized treatment regimens, optimizing therapeutic outcomes and improving patient care.
Apheresis Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the apheresis market analysis reveals a positive growth trajectory driven by various factors. The increasing prevalence of chronic diseases, rising demand for personalized medicine, and advancements in apheresis technologies are key drivers of market expansion. The market is witnessing a shift towards targeted therapies and precision medicine, allowing for tailored treatment plans based on individual patient characteristics. Additionally, the development of advanced devices and automation in apheresis procedures enhances efficiency and safety. Ongoing research and development activities explore new therapeutic areas and expand the applications of apheresis therapies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.8 billion |
| Market size value in 2031 | USD 7.2 billion |
| Growth Rate | 11.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Apheresis Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Apheresis Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Apheresis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Apheresis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Apheresis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Apheresis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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