Apheresis Market to reach US$ 4.33 Bn in 2025; High demand for plasma exchange procedures for neurology and hematology application is likely to boost market growth

According to the report, global Apheresis Market was valued at US$ 1.85 Bn in 2016 and is projected to expand at a CAGR of 10.2% from 2017 to 2025 to reach US$ 4.33 Bn by 2025. This report offers a thorough understanding of apheresis market across the globe its key trends, drivers, restraints, and opportunities.

Apheresis is a process of blood component separation, where in whole blood is extracted from the donors or patients body, the desired blood component such as plasma, leukocytes, erythrocytes and others are removed using centrifugation or membrane filtration technology and remaining of the blood is infused back in to donors or patients body. Apheresis procedures are performed as a donation of certain blood components, known as donor apheresis. Apheresis is also performed to remove some disease causing blood components, these procedures are called as therapeutic apheresis. The blood components are separated using various parameters such as their molecular weight, molecular size, affinity towards a particular substance etc. Moreover settings of apheresis devices and disposables also contribute in separation procedure such as rotations per minute, flow rate and run time in centrifugation apheresis systems and filter size and throughput in membrane filtration apheresis systems.

Apheresis technology has been widely used since 1950 for purification and separation of blood components. Apheresis is widely used as line of treatment in various renal, neurology, hematology, cardiovascular and autoimmune diseases. Technological advances in apheresis are widening the application areas of the apheresis procedures in therapeutics which is estimated to drive the growth for apheresis devices and disposables market. Plasmapheresis, a procedure of separation of plasma from whole blood is most widely performed procedure in donor and therapeutic apheresis. Plasma collected through apheresis and whole blood is then fractionated to produce plasma derived medicines. High demand for plasma derived medicines such as immunoglobulin, coagulation factors, albumin, etc. is driving public and private players to perform apheresis procedures for plasma production. Apheresis procedure are interventional which require skilled operators, and costly set up which makes the apheresis procedure expensive, restraining the growth for apheresis market

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Based on the product type, global apheresis market is segmented into devices which include apheresis machines and disposables which include membrane filtration columns, centrifuge bawls, tubing and other disposables. The disposables segment contributed largest share in global apheresis market in 2016. This segment is expected to grow at CAGR of 10.4% during the forecast period from 2017 to 2025. Increase in base of apheresis devices and increase in number of apheresis procedures performed are projected to fuel growth for disposables segment. The devices segment is expected to register growth at CAGR of 9.1% during the forecast period from 2017 to 2025. Based on application, global apheresis market is segmented into renal diseases, neurology, hematology, cancer, autoimmune diseases, cardiovascular diseases and others. Evidence based application of apheresis in treating neurology diseases led to high acceptance of therapeutic apheresis procedures in treating neurology diseases, this segment is projected to witness an exponential growth at CAGR of 11.6% from 2016 to 025. Advancements in therapy lines for cancer and use of apheresis as a supportive line of treatment in cancer treatments are expected to contribute for growth of cancer application segment at CAGR of 10.6%.

By procedure the global apheresis market is segmented into plasmapheresis, photopheresis, LDL apheresis, plateletpheresis, leukapheresis, erythrocytapheresis and others. Owing to high number of donor plasmapheresis procedures and vast of applications of therapeutic plasma exchange, the plasmapheresis segment accounted for largest market share in global apheresis market and is projected to expand at CAGR of 8.9% from 2017 to 2025. Technical advancement in photopheresis has led to its vast application in cancer and hematology disease treatment. Photopheresis segment of apheresis market is anticipated to have exponential growth at CAGR of 12.2% from 2017 to 2025. By technology, the global apheresis market is segmented into centrifugation and membrane filtration. High efficiency of centrifugation systems and their modularity in therapeutic apheresis procedures contributed for this segment’s largest share in global apheresis market. High demand for therapeutic apheresis procedures and low cost of centrifugation apheresis disposables are projected to drive growth for this segment at CAGR of 10.2%.

Geographically the global apheresis market is segmented in to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America region dominated the global apheresis market and is projected to expand at CAGR of 9.7 % over forecast period from 2017 to 2025. Emerging markets such as India and China are expected to fuel the growth of the apheresis market in Asia Pacific. High prevalence of chronic diseases and increasing healthcare expenditure in Asia Pacific are projected to contribute for exponential growth at CAGR of 11.2% from 2017 to 2025. Europe market for apheresis held prominent share in global apheresis market in 2016 and is projected to grow at CAGR of 10.1% from 2017 to 2025.

Major companies competing in the apheresis market, and profiled in the report include Asahi Kasei Medical Co. Ltd., Terumo Corporation, Haemonetics Corporation, Fresenius Kabi AG, Cerus Corporation, B. Braun Melsungen AG, Kawasumi Laboratories Inc., NIKKISO CO., LTD., Therakos, Inc., and Medica S.p.A.

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