USD 1075 million
Report ID: SQMIG35D2001 | Region: Global | Published Date: December, 2022 | Pages: 157 | Tables: 115 | Figures: 76
Global Plasmapheresis Market size was valued at USD 1075 million in 2021 and is poised to grow from USD 1157.78 million in 2022 to USD 2095.83 million by 2030, growing at a CAGR of 7.7% in the forecast period (2023-2030).
Numerous macroeconomic and microeconomic factors are anticipated to have an impact on the worldwide plasmapheresis industry. Growth possibilities for market participants are projected to be brought on by an increase in global healthcare spending, particularly by the Middle East and Asia Pacific's growing emphasis on sophisticated medical care.
In addition to these elements, the market is projected to rise as people become more aware of the various alternatives for treating immune system illnesses, including myasthenia gravis, Guillain-Barre syndrome, Lyell's syndrome, systemic lupus erythematosus, and thrombotic thrombocytopenic purpura.
During the projection period, advancements in plasmapheresis together with expanding treatment options, such as veterinary healthcare, are projected to impact the market's future trajectory.
The worldwide plasmapheresis market is anticipated to grow by roughly 79 BPS between 2022 and 2028. It holds over 35.9% of the market share in the autoimmune disease diagnostic market, which is expected to develop at a 21.1% CAGR over the next several years.
Autoimmune illnesses are more prevalent among humans due to factors including pollution, the flu, and continual population growth. As a result, the demand for plasmapheresis has surged by double digits along with the need for other autoimmune disease therapies.
By the end of 2021, the market value for plasmapheresis had expanded by 4.6% CAGR to USD 1.2 billion. In the previous five years, the global plasmapheresis market produced close to USD 239 million. Additionally, it is anticipated to offer a total potential of more than USD 1.3 billion. The North American plasmapheresis market, which has provided an absolute monetary potential of almost USD 80 million over the past five years, dominates the worldwide industry. Compared to the 4.6% CAGR it saw between 2017 and 2021, the plasmapheresis market is anticipated to increase at a 7.4% CAGR between 2022 and 2028.
US Plasmapheresis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1075 million
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The global plasmapheresis market is segmented into product, technology, end use, and region. By product the market is segmented into centrifugation and membrane filtration. By technology, the market is segmented into centrifugation and membrane filtration. By application, the market is segmented into therapeutic plasmapheresis and source plasma collection. By end use, the market is segmented into bio pharmaceutical companies, hospitals, clinics, and others. By region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
Plasmapheresis Market Analysis by Product
Recent estimates from the Centers for Disease Control and Prevention (CDCP) show that about 37.3 million Americans, or almost 1 in 10 people, have diabetes. Additionally, almost 96 million American adults, or roughly one in three, have prediabetes. Neurotherapy and a variety of sickle cell illnesses are both treated using plasmapheresis. The majority of doctors favor instruments in these and other treatments in order to attain the maximum success rate.
However, the plasmapheresis product type's instruments sub-segment is gaining the most market share. By the end of 2028, it is expected to still be the market leader with a CAGR of 5.4% and a total dollar potential of USD 826.2 million.
Plasmapheresis Market Analysis by Technology
Centrifugation is predicted to hold the greatest market share over the projection period based on technology. Due to the widespread usage of centrifugation in the single-step heavy spin manufacture of blood components including fresh frozen plasma (FFP) and packed red blood cells (PRBCs), the centrifugation market has increased.
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Due to the increasing awareness among physicians, North America is expected to lead the plasmapheresis industry. Guillain-Barré syndrome, Goodpasture's syndrome, Wegener's granulomatosis, and thrombotic thrombocytopenic purpura (TTP) are among the uncommon disorders that are increasingly being treated using plasmapheresis. The prevalence of chronic illnesses is anticipated to rise, driving the demand for pharmacological treatments that primarily employ plasma products. North America is already experiencing an increase in the market for plasma products. The Plasmapheresis Market is anticipated to be driven by an increase in healthcare spending, an increase in the demand for pharmaceuticals made from plasma, and the incidence of chronic illnesses.
The need for pharmacological treatments that use plasma products is being driven by the large increase in demand for plasma products in the Asia Pacific area and the rising prevalence of chronic disorders including hemophilia, thalassemia, etc. During the forecast period, the Plasmapheresis Market in the Asia Pacific region is anticipated to be driven by an increase in the demand for pharmacological treatments, an increase in healthcare spending, and the incidence of chronic illnesses in emerging economies such as China and India.
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Plasmapheresis Market Drivers
Plasmapheresis Market to Grow due to Its Importance in Treating Various Autoimmune Diseases
Plasmapheresis Market Restraints
Adverse Effects Might Restrain Market Growth
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The presence of both foreign and domestic industry players has been a defining feature of the plasmapheresis market. To improve their portfolio and market presence, major market players concentrate on methods including innovation and new product releases. In order to promote the expansion of products and services over the next ten years, prominent companies in the global plasmapheresis market are heavily concentrating on R&D. To dominate the market, businesses have used a variety of techniques, including partnerships, mergers, and acquisitions.
Plasmapheresis Market Top Player's Company Profiles
Plasmapheresis Market Recent Developments
Investment in Developing Novel Devices to Utilize Plasma is Shaping Market’s Future
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global plasmapheresis market analysis, the market is expected to grow during the forecast period because of the rise in the use of plasmapheresis as a first line of treatment. There is a growing emphasis on modernizing the healthcare system and increased awareness of the need to treat autoimmune illnesses like thrombotic thrombocytopenic purpura (TTP). Although, a dip in arterial blood pressure, arrhythmias, a brief increase in body temperature, and paresthesias are some of the most prominent adverse effects that continue to pose a problem for the plasmapheresis business.
|Market size value in 2021||USD 1075 million|
|Market size value in 2030||USD 1157.78 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Plasmapheresis 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 Plasmapheresis 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 Plasmapheresis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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