Plasmapheresis Market Size, Share, Growth Analysis, By Product(Instruments, disposables), By Technology(Centrifugation, membrane filtration), By Application(therapeutic plasmapheresis, source plasma collection), By End use(Biopharmaceutical companies, hospitals, clinics, others), By Region - Industry Forecast 2024-2031

Plasmapheresis Market size was valued at USD 1075 million in 2019 and is poised to grow from USD 1157.78 million in 2023 to USD 2095.83 million by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).

The presence of both foreign and domestic industry players has been a defining feature of the plasmapheresis market. To improve their portfolio and market presence, major market players concentrate on methods including innovation and new product releases. In order to promote the expansion of products and services over the next ten years, prominent companies in the plasmapheresis market are heavily concentrating on R&D. To dominate the market, businesses have used a variety of techniques, including partnerships, mergers, and acquisitions. 'Baxter International Inc.', 'Asahi Kasei', 'Fresenius Medical Care AG & Co. KGaA', 'Terumo BCT, Inc.', 'Haemonetics Corporation', 'Kawasumi Laboratories Inc.', 'Cerus Corporation', 'B. Braun Melsungen AG', 'Grifols, S.A.', 'Hemacare Corporation', 'Medica S.p.A.', 'Therakos, Inc.', 'Hemagen Diagnostics Inc.', 'Kaneka Corporation', 'Infomed SA', 'Medivators Inc.', 'JMS Co. Ltd.', 'Nikkiso Co., Ltd.', 'Fenwal Inc.'

During the analysis period, the market for plasmapheresis equipment is likely to experience growth due to the rising prevalence of thrombotic thrombocytopenic purpura, Guillain-Barre syndrome, Myasthenia gravis, diffuse alveolar hemorrhage caused by Goodpasture syndrome, hyperviscosity syndrome, chronic inflammatory demyelinating polyneuropathy, and other autoimmune diseases. Additionally, a better level of end-user knowledge combined with a growing focus on improving healthcare infrastructure is projected to foster market expansion during the assessment period. Plasmapheresis therapy is being more widely used across a variety of end-use sectors as a result of an increase in healthcare spending in several locations. Countries in the Middle East and Africa (MEA) and Asia Pacific are updating their healthcare systems, which is projected to increase demand for cutting-edge treatment methods. These elements are probably going to provide the plasmapheresis business a boost during the evaluation phase.

Plasmapheresis, also known as plasma exchange, is a procedure that involves separating and removing plasma from the blood in order to get rid of a disease component that is present in the plasma. Plasma is needed to treat a variety of illnesses, including anemia, blood loss, gastrointestinal disease, and cancer, which has increased demand for blood donations. Healthcare organizations are always developing plasmapheresis equipment, such as apheresis machines, to offer improvements in these devices and carry out this procedure all over the world. These factors are expected to cause the market to expand during the anticipated period of time.

Due to the increasing awareness among physicians, North America is expected to lead the plasmapheresis industry. Guillain-Barré syndrome, Goodpasture's syndrome, Wegener's granulomatosis, and thrombotic thrombocytopenic purpura (TTP) are among the uncommon disorders that are increasingly being treated using plasmapheresis. The prevalence of chronic illnesses is anticipated to rise, driving the demand for pharmacological treatments that primarily employ plasma products. North America is already experiencing an increase in the market for plasma products. The Plasmapheresis Market is anticipated to be driven by an increase in healthcare spending, an increase in the demand for pharmaceuticals made from plasma, and the incidence of chronic illnesses.