Apheresis Equipment Market To Reach US$ 6,081.8 Million By 2027 - Coherent Market Insights

Apheresis Equipment Market Report Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.
 
SEATTLE - April 7, 2021 - PRLog -- An apheresis machine separates the blood components from the blood directed to the machine from the patient/donor's veins through tubing.

The global Apheresis Equipment Market is estimated to account for US$ 2,866.4 Mn in terms of value in 2020 and is expected to reach US$ 6,081.8 Mn by the end of 2027.

Global Apheresis Equipment Market: Drivers

Increasing prevalence of COVID-19 is expected to propel growth of the global apheresis equipment market over the forecast period. For instance, according to a statement by World Apheresis Association in April 2020, apheresis therapy can be widely beneficial in the treatment of patients with the novel coronavirus.

Global Apheresis Equipment Market: Opportunities

Lipoprotein apheresis is effective in the treatment of homozygous familial hypercholesterolemia. However, the therapy is expensive and available in only a few countries. Therefore, reduction in the cost of lipoprotein apheresis and widespread availability of the therapy is expected to offer lucrative growth opportunities for the market players.

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Global Apheresis Equipment Market: Restraints

Lack of trained professionals, especially in emerging economies is expected to limit growth of the market. Hiring skilled staff for both therapeutic and donor apheresis is a major challenge faced in both developed and emerging markets.

Key Takeaways:

Plasmapheresis segment was valued at US$ 1,303.7 Mn in 2019 and is forecast to reach a value of US$ 2,735.9 Mn by 2027 at a CAGR of 9.7% between 2020 and 2027. Frequent and increasing use of plasmapheresis is expected to support growth of the segment over the forecast period.

Neurological disorders segment held dominant position in the global apheresis equipment market in 2019, accounting for 52.6% share in terms of value, followed by hematological disorders and renal disorders, respectively. Increasing prevalence of neurological disorders is expected to support growth of the segment over the forecast period.

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Global Apheresis Equipment Market: Competitive Landscape

Major players operating in the global apheresis equipment market include, Asahi Kasei Medical Co., Ltd., Terumo BCT, Inc., Fenwal, Inc., Haemonetics Corp., Therakos, Inc., B. Braun Melsungen AG, and HemaCare Corporation.

Global Apheresis Equipment Market: Key Developments

April 2019: Asahi Kasei Bioprocess America, a subsidiary of Asahi Kasei Medical Co., Ltd. started Massachusetts Training Center, for customer training and product collaborations in virus filtration, bioprocess and fluid management

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