USD 2.10 billion
Report ID: SQMIG35D2190 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 92 | Figures: 76
Apheresis Market size was valued at USD 2.10 billion in 2021 and is poised to grow from USD 2.79 billion in 2022 to USD 6.5 billion by 2030, at a CAGR of 11.15% during the forecast period (2023-2030).
The apheresis market is experiencing significant growth, driven by several factors. Firstly, the increasing burden of diseases and the rising demand for safe blood components are propelling the market forward.
Additionally, technological advancements in apheresis techniques are facilitating the development of new and improved procedures. Moreover, the implementation of favorable reimbursement policies and increased funding for apheresis procedures are supporting market growth.
Apheresis is increasingly being used as a primary or adjunct therapy for various diseases, including thrombotic thrombocytopenic purpura, hemolytic uremic syndrome, drug toxicities, autoimmune diseases, sepsis, and fulminant hepatic failure. The versatility and efficacy of apheresis procedures contribute to their rising adoption in clinical settings.
Furthermore, product innovations and approvals play a significant role in driving market growth. Despite the positive growth prospects, the market faces certain challenges such as a shortage of skilled professionals, concerns related to blood contamination, and the associated costs of apheresis procedures. Overcoming these barriers will be crucial for sustaining the market's growth trajectory.
US Apheresis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.10 billion
To get more reports on the above market click here to Buy The Report
The global apheresis market is segmented on the basis of product, technology, application, and region. The apheresis market can be categorized based on product, such as devices and disposables, as well as different apheresis procedures, including leukapheresis, plasmapheresis, plateletpheresis, erythrocytapheresis, and other apheresis procedures. The market is also classified by technology, such as centrifugation and membrane separation. Additionally, the application of apheresis extends to renal disorders, hematological disorders, neurological disorders, autoimmune disorders, and other applications. Geographically, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Apheresis Market Analysis By Product
The largest segment in the Apheresis market is plasmapheresis. The wide application of plasmapheresis in treating autoimmune disorders, neurological conditions, and certain hematological diseases contributes to its significant market size.
On the other hand, the fastest-growing segment in the apheresis market is leukapheresis. The growing demand for leukapheresis is driven by the increasing adoption of cellular therapies, such as CAR-T cell therapy. The expanding use of cellular therapies in treating cancer and other diseases fuels the demand for leukapheresis procedures, making it the fastest-growing segment in the market.
Apheresis Market Analysis By Technology
The largest segment in the apheresis market based on technology is centrifugation. Centrifugation is a well-established and widely used technology in apheresis procedures. The reliability, versatility, and established track record of centrifugation technology contribute to its dominant market position.
The fastest-growing segment in the apheresis market in terms of technology is membrane separation. The growing demand for targeted therapies and the need for more gentle and efficient blood component separation techniques drive the increasing adoption of membrane separation in apheresis procedures. The ability of membrane separation technology to achieve high-quality separation and improved patient outcomes positions it as the fastest-growing segment in the market.
To get detailed analysis on other segments, Request For Sample Report
The dominating region in the global apheresis market is North America. North America boasts a significant market share due to several factors. The region has a well-established healthcare infrastructure, advanced technological capabilities, and a high prevalence of chronic diseases that require apheresis procedures. Moreover, favorable reimbursement policies and strong awareness about the benefits of apheresis therapies contribute to the region's dominance. North America is home to key market players, cutting-edge research facilities, and a supportive regulatory framework, all of which further drive the market's growth in the region. These factors combined make North America the leading and dominating region in the global apheresis market.
The fastest-growing region in the global apheresis market is Asia-Pacific. Asia-Pacific is experiencing remarkable growth in the market due to various factors. The region has a large and rapidly aging population, which increases the incidence of chronic diseases that require apheresis procedures. Additionally, rising healthcare expenditure, improving healthcare infrastructure, and increasing awareness about advanced treatment options are propelling the demand for apheresis therapies in the region. Moreover, the presence of a large patient pool, particularly in countries like China and India, presents significant growth opportunities. As a result, Asia-Pacific is witnessing substantial investments, collaborations, and product launches by key market players to capitalize on the growing market potential. With its expanding healthcare sector and untapped market opportunities, Asia-Pacific is positioned as the fastest-growing region in the global apheresis market.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Apheresis Market Drivers
Increasing Prevalence Of Chronic Diseases
Apheresis Market Restraints
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The market is moderately competitive, with a few major players dominating the industry. While the market has established a strong presence in many regions and demonstrated initial success, its full potential in developing regions is yet to be fully realized. The growth of the market is being propelled by increasing government initiatives and a rising awareness among people about the condition. This heightened awareness is driving the demand for advanced treatments and therapies in the market.
Apheresis Market Top Player’s Company Profiles
Apheresis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the apheresis market analysis reveals a positive growth trajectory driven by various factors. The increasing prevalence of chronic diseases, rising demand for personalized medicine, and advancements in apheresis technologies are key drivers of market expansion. The market is witnessing a shift towards targeted therapies and precision medicine, allowing for tailored treatment plans based on individual patient characteristics. Additionally, the development of advanced devices and automation in apheresis procedures enhances efficiency and safety. Ongoing research and development activities explore new therapeutic areas and expand the applications of apheresis therapies.
|Market size value in 2021
|USD 2.10 billion
|Market size value in 2030
|USD 6.5 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Apheresis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Apheresis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Apheresis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Apheresis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.