Apheresis is a medical procedure that involves extracting blood from a patient or donor, separating specific components, and then returning the remaining blood into the donor or patient’s body. This process has various applications in healthcare.
Research Methodology
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Our analysis of the apheresis market combines secondary sources, in-house methodologies, and primary insights gathered from industry experts and primary participants. Real-time market assessments are integral to our market sizing and forecasting methodology.
Market Overview
The apheresis market is projected to grow at a CAGR of approximately 7.7% during the forecast period of 2019-2026. The market expansion is driven by factors such as the increasing prevalence of chronic diseases, rising surgical procedures, and a growing number of accidents or injuries. However, challenges include the high cost of procedures, a shortage of skilled professionals, and limited awareness in underdeveloped countries. The ongoing pandemic has underscored the importance of healthcare investment, with convalescent plasma transfusion gaining prominence as a potential treatment method.
Geographic Distribution
- North America
- Asia Pacific
- Europe
- Rest of the World
North America dominates the apheresis market due to advanced healthcare facilities and high healthcare expenditure. The Asia-Pacific region is expected to experience significant growth due to increased diseases requiring blood transfusions and expanding healthcare infrastructure.
Product Segmentation
Devices
Disposables
Disposables held a larger market share in 2019 and are expected to maintain this position due to advancements in manufacturing various blood-related products. The apheresis devices market is growing but at a relatively slower rate, with improved efficiency in separating blood components.
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Application Segmentation
- Plasmapheresis
- Plateletpheresis
- Erythrocytapheresis
- Leukapheresis
- Photopheresis
Plasmapheresis, which involves separating plasma, white blood cells, red blood cells, and platelets, dominated the market in 2019 due to the increasing prevalence of blood-related disorders and the demand for plasma-derived medicines.
Technology Segmentation
- Membrane Filtration
- Centrifugation
Membrane filtration is used for plasma filtration, while centrifugation separates specific blood cells based on gravity. Centrifugation was the leading technology in 2019, primarily used in Western European regions and Japan.
Method Segmentation
- Automated Blood Collection
- Therapeutic Apheresis
Automated blood collection involves extracting specific components from a donor’s blood, while therapeutic apheresis removes disease-causing cells from a patient’s body. The rise in cardiovascular and neurological diseases has driven the growth of the apheresis market.
Major Players
Key players in the apheresis market include Kaneka Corporation, LMB Technologie GmbH, Medica S.p.a, and Miltenyi Biotec. The market is highly competitive, with companies leveraging advancing technology and government initiatives to commercialize their products.
Conclusion
This comprehensive report offers deep insights into the apheresis market and its future trends. It serves as a foundation for in-depth research, vendor analysis, SWOT assessments, and an organized framework for data analysis to drive innovation. The report provides qualitative analysis and explores potential opportunities for market growth in the current healthcare landscape.
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Market Dynamics:
Surging air traffic:
- As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability:
- The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability:
- The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization:
- The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation:
- The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems:
- The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology:
- Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation:
- The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets:
- Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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