Apheresis Devices Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Product (Disposable Apheresis Kits and Apheresis Machine); Procedure (Plasmapheresis, Plateletpheresis, Leukapheresis, Erythrocytapheresis, and Others); Application (Blood Collection and Treatment); Technology (Membrane Filtration and Centrifugation); and Region/Country
The global apheresis devices market is expected to grow at a significant rate of around 11% during the forecast period. Apheresis is characterized as a process in which the blood of an individual is gone through a device where one specific component of blood is centrifuged. The rest is sent back to the donor’s circulation. The blood donation apheresis device is used to partition and assortment the platelets or plasma while returning the red platelets. Moreover, the increase in chronic disease worldwide acts as one of the major factors driving the growth of the apheresis device market. The rising demand for blood components and increasing concerns in regard to blood safety and increasing demand for source plasma from biopharmaceutical organizations speed up the market development. Furthermore, the increasing number of surgeries performed worldwide due to the high rate of injuries and road accidents across the globe is also one of the prominent reasons contributing to the growth of the blood collection device market. For instance, according to the Leukemia and Lymphoma Society (LLS), approximately, 186,400 people in the U.S. were diagnosed with leukemia and lymphoma in 2021.
Asahi Kasei Kuraray Medical Co. Ltd., Terumo BCT Inc., Fenwal, Haemonetics Corporation, Therakos Inc., B. Braun Melsungen AG, Hemacare Corporation, Kawasumi Laboratories Inc., Kaneka Corporation, Cerus Corporation. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product, apheresis kits category to witness robust CAGR during the forecast period”
Based on product, the market is segmented into disposable apheresis kits and apheresis machine. Among these, disposable apheresis kits category to witness the fastest growth during the forecast period owing to the growing significant expense of apheresis devices and helpful apheresis process, and the establishment and stringent donor enrollment rules are supposed to obstruct market development. Issues with the enrollment of voluntary non-remunerated donors and the safety of blood transfusion in developing countries are projected to challenge the apheresis device market in the forecast period. For instance, according to the World Health Organization (WHO), in low-income countries, up to 54 % of blood transfusions are given to children under 5 years of age, whereas in high-income countries, the most frequently transfused patient group is over 60 years of age, accounting for up to 76% of all transfusions.
“Amongst application, the Treatment to hold a significant share in the market in 2020”
On the basis of application, the market is categorized into blood collection and treatment. Treatment to hold a considerable share in the market in 2020. This is mainly due to the blood samples are required to diagnose infections due to pathogenic microorganisms in the level of various blood components. Moreover, the rising number of cancer cases (anemia, leukemia, myeloma), awareness for blood donation, chronic bleeding disorders, surgeries, and others. Thus, the growing elderly population with iron deficiency is also supporting the market growth. Furthermore, according to the World Health Organization (WHO), anemia is a serious global public health problem that particularly affects young children and pregnant women. WHO estimates that 42% of children less than 5 years of age and 40% of pregnant women worldwide are anemic.
“North America to hold a significant share in the market”
For a better understanding of the market adoption of the apheresis devices market, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period owing to the high income, reimbursement policies, and well-established healthcare infrastructure, rising R&D activities, and the presence of the main medical diagnostics companies in North America have energized the regional market. Moreover, the adoption of innovative & advanced technology and a large focus on clinical research drive regional growth during the forecast period. Furthermore, according to the Leukemia and Lymphoma Society (LLS), around 825,651 people were diagnosed with lymphoma in the U.S., 152,671 people were diagnosed with Hodgkin lymphoma, and 672,980 people were diagnosed with non-Hodgkin lymphoma.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Apheresis Devices Market|
|2.2.||Research Methodology of the Apheresis Devices Market|
|5||IMPACT OF COVID-19 ON THE APHERESIS DEVICES MARKET|
|6||APHERESIS DEVICES MARKET REVENUE (USD BN), 2020-2028F|
|7.1.||Disposable apheresis kits|
|11.1.3.||Rest of North America|
|11.2.6.||Rest of Europe|
|11.3.4.||Rest of Asia-Pacific|
|11.4.||Rest of World|
|13||APHERESIS DEVICES MARKET OPPORTUNITIES|
|14||APHERESIS DEVICES MARKET TRENDS|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Porters Five Forces Analysis|
|18.1.||Asahi Kasei Kuraray Medical Co. Ltd.|
|18.2.||Terumo BCT Inc.|
|18.6.||B. Braun Melsungen AG|
|18.8.||Kawasumi Laboratories Inc.|
Research Methodology for the Apheresis Devices Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global apheresis devices market were the three major steps undertaken to create and analyze the adoption of apheresis devices markets in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Apheresis Devices Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the apheresis devices market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the apheresis devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, procedure, application, and technology. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Apheresis Devices Market. Further, we conducted factor analysis using dependent and independent variables such as various product, procedure, application, and technology of apheresis devices markets. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the apheresis devices market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global apheresis devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the apheresis devices market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global apheresis devices market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global apheresis devices market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product, procedure, application, and technology in the global apheresis devices market.
The main objective of the Global Apheresis Devices Market Study
The current & future market trends of the global apheresis devices market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the apheresis devices market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product, procedure, application, and technology.
- Define and analysis of the regulatory framework for the apheresis devices market
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the apheresis devices market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the Apheresis Devices Market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry