Apheresis Equipment Market share forecast to reach $4.5 bn by 2024

The research report "Apheresis Equipment Market Size By Product (Machine, Disposable Kits), By Application (Renal Disease, Hematology, Neurology), By Technology (Membrane Filtration, Centrifugation), By Procedure (Plasmapheresis, LDL-apheresis, Plateletpheresis, Leukapheresis, Photopheresis, Erythrocytapheresis), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Japan, China, Brazil, Mexico, South Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024", by Global Market Insights, Inc. says, Apheresis equipment market having held a revenue of USD 1.7 billion in 2015, is poised to cross USD 4.5 billion by the end of 2024, with a projected CAGR of 11.4% over 2016-2024.

Apheresis equipment market is gearing up at a fast pace with the introduction of several reimbursement policy structures worldwide promoting apheresis procedures. Increasing prevalence of blood-related disorders has substantially escalated the need for efficient blood component separation techniques, which is stimulating the product demand. Technological breakthroughs have always played a pivotal role in the upgradation of healthcare offerings with apheresis equipment market expansion validating the fact. Speaking of technology in this arena, automatic apheresis equipment is the new trend witnessing a global attention. These hi-tech equipments are implanted with automated interface system, anticoagulant infusion system, GUI displays, and screen navigation. Alongside, key industry players are readily involving in innovative product launches for sustaining in the competitive landscape.

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Based on product trends, apheresis equipment market is bifurcated into disposable kits and machines. Disposable kits dominated the product landscape in 2015, accounting for almost 78% of the global share. These kits are comparatively of lower cost than apheresis machines and that enables them with a wide accessibility across a large number of domains. Machines based apheresis equipment market will carve a profitable growth at an annual rate of 17.1% over the coming seven years.

Incidences of neurological diseases that require plasma-derived therapies have been witnessing an upward spiral over the past few years. In fact, apheresis equipment market share from neurology covered 50% the global landscape in 2015, by accounting for almost USD 863 million. As per estimation, neurology application segment is anticipated to witness escalated commercialization with 12.3% CAGR over 2016-2024. Accounting for 54% of the overall volume in 2015, apheresis equipment market from plasmapheresis is projected to exceed USD 2152 million by 2024.

Browse key industry insights spread across 94 pages with 63 market data tables & 13 figures & charts from the report Apheresis Equipment Market in detail along with the table of contents:

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U.S. has established strong grounds enhancing the overall market outlook. The country outpaced the global apheresis equipment industry in 2015, covering 87% of the total volume. Favorable reimbursement policies, improved healthcare access, and keenness toward technologically affluent automated products are some of the major factors driving the regional landscape. With the growing investment of the American government in research activities, U.S apheresis equipment market is slated to record a remarkable revenue of USD 1524 million by the end of 2024. APAC market is also witnessing a speedy growth, with China, Japan, and India at the forefront. Increasing occurrences of blood-related disorders along with progressive healthcare infrastructure and regional presence of skilled professionals can be given the credits for the rapid expansion of the regional market. Holding a market size of USD 412 million in 2015, APAC apheresis equipment market is expected to witness a valuation of USD 1265 million by 2024.

Apheresis equipment industry growth is restrained by some of the factors related to donor unavailability, risks related to apheresis procedures, and histocompatibility. However, unmet demands of the emerging healthcare industry will encourage manufacturers for more investments in these domains. Top companies engaged in apheresis equipment market include Fresenius Kabi, B.Braun Melsungen, Melsungen, Terumo, Therakos, and Hemacare Corporation.

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https://www.gminsights.com/industry-analysis/blood-preparation-market

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Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe.