USD 1075 million
Global Plasmapheresis Market Size, Share, Growth Analysis, By Product(Instruments, disposables), By Technology(Centrifugation, membrane filtration), By Application(therapeutic plasmapheresis, source plasma collection), By End use(Biopharmaceutical companies, hospitals) - Industry Forecast 2023-2030
Report ID:
SQMIG35D2001 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
115 |
Figures:
76
Global Plasmapheresis Market Insights
Global Plasmapheresis Market size was valued at USD 1075 million in 2019 and is poised to grow from USD 1157.78 million in 2023 to USD 2095.83 million by 2031, growing at a CAGR of 7.7% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
centrifugation
Fastest Growth
centrifugation
Growth Rate
7.7% CAGR
Global Plasmapheresis Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Plasmapheresis Market Size By technology , 2021-2028 ($ Bn)
Global Plasmapheresis Market Size By technology, 2021-2028 (%)
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Global Plasmapheresis Market Segmental Analysis
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.
Global Plasmapheresis Market By technology type, 2021 (%), 2023 (%)
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Global Plasmapheresis Market Regional Insights
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.
Global Plasmapheresis Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Plasmapheresis Market Dynamics
Plasmapheresis Market Drivers
Plasmapheresis Market to Grow due to Its Importance in Treating Various Autoimmune Diseases
- During the analysis period, the market for plasmapheresis equipment is likely to experience growth due to the rising prevalence of thrombotic thrombocytopenic purpura, Guillain-Barre syndrome, Myasthenia gravis, diffuse alveolar hemorrhage caused by Goodpasture syndrome, hyperviscosity syndrome, chronic inflammatory demyelinating polyneuropathy, and other autoimmune diseases. Additionally, a better level of end-user knowledge combined with a growing focus on improving healthcare infrastructure is projected to foster market expansion during the assessment period. Plasmapheresis therapy is being more widely used across a variety of end-use sectors as a result of an increase in healthcare spending in several locations. Countries in the Middle East and Africa (MEA) and Asia Pacific are updating their healthcare systems, which is projected to increase demand for cutting-edge treatment methods. These elements are probably going to provide the plasmapheresis business a boost during the evaluation phase.
Plasmapheresis Market Restraints
Adverse Effects Might Restrain Market Growth
- For the plasmapheresis market, side effect worries persist. Common adverse effects include a drop in arterial blood pressure, arrhythmias, momentarily raised body temperature, and paresthesia. The adoption of this therapy module may be hampered by the adverse effects of plasmapheresis, despite the fact that they are not very severe. During the evaluation period, market participants may face difficulties due to a fall in the utilization of plasmapheresis as a therapeutic option.
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Global Plasmapheresis Market Competitive Landscape
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
- Baxter International Inc.
- Asahi Kasei
- Fresenius Medical Care AG & Co. KGaA
- Terumo BCT, Inc.
- Haemonetics Corporation
- Kawasumi Laboratories Inc.
- Cerus Corporation
- B. Braun Melsungen AG
- Grifols, S.A.
- Hemacare Corporation
- Medica S.p.A.
- Therakos, Inc.
- Hemagen Diagnostics Inc.
- Kaneka Corporation
- Infomed SA
- Medivators Inc.
- JMS Co. Ltd.
- Nikkiso Co., Ltd.
- Fenwal Inc.
Plasmapheresis Market Recent Developments
- After the present term ends in June 2022, CSL Plasma Ltd. declared in April 2021 that it will not renew its Supply Agreement with Haemonetics to utilize the PCS2 plasma collection system equipment and buy a disposable plasmapheresis kit there.
- The FDA granted CSL Plasma, Ltd. permission to market the Cell Technologies and Terumo Blood-developed Rika Plasma Donation System in March 2022.
Global Plasmapheresis Key Market Trends
Investment in Developing Novel Devices to Utilize Plasma is Shaping Market’s Future
- Plasmapheresis, also known as plasma exchange, is a procedure that involves separating and removing plasma from the blood in order to get rid of a disease component that is present in the plasma. Plasma is needed to treat a variety of illnesses, including anemia, blood loss, gastrointestinal disease, and cancer, which has increased demand for blood donations. Healthcare organizations are always developing plasmapheresis equipment, such as apheresis machines, to offer improvements in these devices and carry out this procedure all over the world. These factors are expected to cause the market to expand during the anticipated period of time.
Global Plasmapheresis Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1075 million |
| Market size value in 2031 | USD 2095.83 million |
| Growth Rate | 7.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Plasmapheresis Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Plasmapheresis Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
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.
Regional Analysis: Further analysis of the Global Plasmapheresis 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.
Global Plasmapheresis Market Report Snapshots
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