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Apheresis Equipment Market Demands and Gross Margin | Asahi Kasei Medical Co., Ltd., Terumo BCT, Inc
Apheresis Equipment Market
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.
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Global Apheresis Equipment Market: Drivers
Increasing prevalence of leukemia is expected to propel growth of the global apheresis equipment market over the forecast period. For instance, according to Leukemia and Lymphoma Society, 176,200 people in the US are expected to be diagnosed with leukemia, lymphoma or myeloma in 2019.
Moreover, increasing demand for blood is also expected to aid in growth of the market. For instance, according to the study, “The global need and availability of blood products: a modelling study”, published in October 2019, in The Lancet, in 2017, the global blood need was 304?711?244 and the global blood supply was 272?270?243 blood product units.
North America held dominant position in the global apheresis equipment market in 2019, accounting for 43.6% share in terms of value, followed by Asia Pacific and Europe, respectively
Global Apheresis Equipment Market: Restraints
Inherent high cost of apheresis therapy is expected to hinder growth of the global apheresis equipment market.
Moreover, risks associated with apheresis are also expected to limit growth of the market. Major risks associated with apheresis are:
High risk of contracting an infection in manual apheresis procedure
Complications linked with fluid transfer
Side effects with replacement fluids: The use of fresh frozen plasma (FFP) may introduce the patient to hepatitis and immunological reactions
Anticoagulant reactions: The use of large amounts of citrate may result in hypocalcemia
Global Apheresis Equipment Market: Opportunities
Multiple sclerosis relapses can be treated using apheresis procedures such as therapeutic plasma exchange and immunoadsorption. Thus, increasing prevalence of MS is expected to offer lucrative growth opportunities for the market players. For instance, according to findings published in the journal Neurology in February 2019, the prevalence of MS in 2017 was 362 cases per 100,000, or 913,925 adults.
Moreover, application of therapeutic apheresis in pediatric treatment is also expected to aid in growth of the market. Providing therapeutic apheresis to children is a technologically challenging task. Most of the apheresis therapies are developed from studies and trials on adult patients. However, as the prevalence of diseases such as leukemia and autoimmune disorders is increasing among children, more efforts towards developing new apheresis treatment methods specifically designed for children will serve as a potential opportunity in the market.
The global apheresis equipment market was valued at US$ 2,574.3 Mn in 2019 and is forecast to reach a value of US$ 6,081.8 Mn by 2027 at a CAGR of 11.3% between 2020 and 2027.
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