Global Apheresis Market: Overview
Apheresis, also known as pheresis and hemapheresis refers to a procedure that comprises extraction of blood from a donor and separating and preserving its components such as leukocytes, platelets, and plasma. Henceforth, the rest of the components are transfused back into the body of the donor. In this process, several abnormal components are also removed from the blood. The apheresis market is categorized from both the therapeutic and donor apheresis aspects. The key apheresis procedures include LDL apheresis, erythrocytapheresis, thrombocytapheresis or plateletpheresis, leukapheresis, and plasmapheresis. When conventional pharmacological treatments fail to control chronic and incapacitating medical conditions, the last option brought into use is therapeutic apheresis then. The key medical domains where apheresis methods are deployed are renal diseases, neurology, oncology, and hematology. The diseases under this treatment comprise sickle cell diseases, Guillan Barre syndrome, polyneuropathy, thrombocytosis, systemic lupus erythematosus, refractory rheumatoid arthritis, myasthenia gravis and leukemia.
The report presents an overview of the growth of the global apheresis market in the past, current scenario, and prospects for the future. It further evaluates the factors that are likely to boost or inhibit the growth of the global apheresis market. The trends prevalent in the market and the elements at play have also been mentioned in the report. A clear understanding of the market has been presented in the report utilizing Porter’s five forces analysis couples with information on the degree of exit and entry in the global apheresis market. The key players operating in the market have also been assessed in terms of strategies, products, and shares.
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Global Apheresis Market: Trends and Opportunities
The growth of the global apheresis market can be attributed to the growing awareness regarding good health among consumers worldwide. The rising concerns among consumers regarding the prevalence several anomalies have impelled them to focus towards preventive measures, thus increasing the demand for apheresis. Furthermore, the improvement of the healthcare services and infrastructure in developing countries and rise in life expectancy are factors that are expected to fuel the growth of the global apheresis market in the near future.
Companies operating in apheresis market can capitalize on the opportunities arising from the untapped pediatric segment and rising investment from governmental bodies in emerging economies. However, the dearth of qualified donors, expensive apheresis devices and processes, and lack of inexpensive treatment for apheresis are anticipated to hamper the growth of the global apheresis market.
Global Apheresis Market: Regional Analysis
In terms of geography, the market has been segmented into Asia Pacific, Europe, North America, and the Rest of the World. The market is being led by North America at present and it is expected that North America will retain a leading position in the future. North America is closely trailed by Europe as the second key consumer of apheresis. The most prominent market for apheresis in North America is the U.S. owing to the well-established distribution channels, hassle-free access to advanced devices, and rising collection of plasma sources.
Companies Mentioned in the report
A sizeable number of companies operate in the global apheresis market out which the key companies are Therakos Inc., Haemonetics Corp., Fenwal Inc., and Terumo BCT. These companies are focusing on research and development projects to introduce advanced apheresis equipment and procedures.
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