Reports And Data

High target disease prevalence, technological advancements and favorable research funding scenario are key factors

NEW YORK, NY, UNITED STATES, November 4, 2021 /EINPresswire.com/ -- The global Apheresis Equipment market was valued at USD 1.79 Billion in 2019 and is expected to reach USD 3.02 Billion by the year 2027, at a CAGR of 7.7%. Apheresis is a medical procedure that involves removing the whole blood from a donor or a patient and separating the blood into individual components so that a particular component can be removed. It is a non-invasive procedure and takes less than a few hours. Thus, the procedure is favored by the people. The procedure is also known as Pheresis or Hemapheresis. The procedure is performed outside the body and is therefore an extracorporeal procedure.

In the recent times there has been an increase in the number of people suffering from leukemia, cancer. This has resulted in a need for plasma transfusions. This has further led to a rise in the demand for apheresis equipment. The biggest restraining factor of this market are the risks of this procedure. Risks such as, bleeding, infection, low blood pressure, muscle cramps etc. demotivate the people from opting this procedure.

To get a sample copy of the report, click on @ https://www.reportsanddata.com/sample-enquiry-form/1680

Top companies profiled in the global Apheresis Equipment industry analysis report:

Terumo BCT Inc., B. Braun Melsungen AG, Fresenius Medical Care, Asahi Kasei Medical Co. Ltd., Haemonetics Corporation and HemaCare Corporation.

The global pharmaceutical and healthcare industry has gained significant momentum since the COVID-19 outbreak. The global health crisis has led to an unprecedented impact on the industry and brought about major disruptions in healthcare technologies. Growing prevalence of chronic and infectious diseases worldwide, increasing cases of COVID-19 infections, enforcement of stringent norms and regulations by world-leading healthcare regulatory authorities, and increasing government initiatives towards public safety measures are major factors contributing to industry revenue growth. Rising focus of pharmaceutical companies on vaccine development, increasing COVID-19 support from international health agencies, rapidly increasing pharmaceutical and biotechnological research & development activities, and growing healthcare expenditure of consumers further propel the industry revenue growth.

Get a flat discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1680

Further key findings from the report suggest

• Rising number of target diseases and blood disorders has led to a need for plasma and platelets across the globe. This has led a rise in the demand for apheresis which consequently has led to an increase in the demand for apheresis equipment.

• With the growing infrastructure there has been a rise in the number of established blood banks with proper equipment and facilities. The expansion of these blood banks has resulted in a rise in the demand for apheresis equipment.

• The governments of several countries are trying to build better infrastructure for the healthcare sector. This has led to a significant increase in the demand for the equipment.

• The continuous research and development for the launch of improved and more efficient equipment has, also, encouraged market demand.

• The high costs and lack of skilled staff for proper management of the apheresis equipment, especially, in developing countries, pose to be some of the major restraining factors of the market.

• In addition to the high costs, the risks of this procedure such as, bleeding, infection, low blood pressure, muscle cramps etc. also discourage the people from opting this procedure.

• Plasmapheresis procedure dominates the market. It accounts for a share of 51.9% owing to the growing incidents of blood related disorders and consequently the need for plasma. With the introduction of plasma based drugs, there has been a rise in the demand or plasma thus, increasing the demand for apheresis equipment. The procedure is expected to continue its growth at a CAGR of 8.2%.

• Centrifugation technology dominates the market due to its versatility of application in the separation of plasma and other components. Membrane Filtration is identified as the fastest growing type of technology as this method is quicker and reduces the need for replacement fluids.

• Disposable apheresis kits dominate the market. The single use kits are preferred by many as they reduce the chances of infections. They occupy 55.9% of the market.

• North America dominates the market. The region accounts for a market share of 44.3%. This can be attributed to the high patient awareness and better infrastructure.

• Europe accounts for 26.9% of the market share owing to the continuous research and development in the region and high patient awareness.

• Asia Pacific is the fastest growing region in the market and registers a growth rate of 8.8%. This can be attributed to the availability of resources. A large number of emerging economies are developing their healthcare infrastructure and launching aids to help the authorities to set up. The rising awareness of blood donation and apheresis among people has resulted in an increase in the demand for apheresis equipment.

To know more about the report @ https://www.reportsanddata.com/report-detail/apheresis-equipment-market

For the purpose of this report, Reports and Data has segmented the Apheresis Equipment market on the basis of type, application, technology type, procedure, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

• Plasma and Component Separator
• Disposable Apheresis Kits
• Others

Procedure Outlook (Revenue, USD Billion; 2017-2027)

• Plasmapheresis
• Plateletpheresis
• Leukapheresis
• Cytapheresis
• LDL- Apheresis
• Others

Technology Type Outlook (Revenue, USD Billion; 2017-2027)

• Centrifugation
o Continuous Flow Centrifugation
o Intermittent Flow Centrifugation
• Membrane Filtration

Application Outlook (Revenue, USD Billion; 2017-2027)

• Renal Diseases
• Neurology
• Hematology
• Others

End-Use Outlook (Revenue, USD Billion; 2017-2027)

• Hospitals
• Blood Banks
• Dialysis Centres

Key Regional Markets Covered in the Apheresis Equipment Market Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Frequently Asked Questions Addressed in the Report:

• What is the forecast size and revenue growth rate of the global Apheresis Equipment market?
• What are the leading products offered by the global Apheresis Equipment market players?
• What are the key drivers and restraints for the global Apheresis Equipment market growth?
• Which regional market is expected to register the highest CAGR over the forecast period?
• What are the outcomes of the report’s SWOT and Porter’s Five Forces analyses?

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/1680

Thank you for reading our report. Do connect with us in case of any more queries about the report and its customization. Our team will ensure the report is well suited to cater to your needs.

Browse More Reports:

Ascorbic Acid Market @ https://www.medgadget.com/2021/10/ascorbic-acid-market-size-to-reach-usd-1-71-billion-by-2028-with-cagr-of-5-2-reports-and-data.html

Sports Medicine Market @ https://www.medgadget.com/2021/10/sports-medicine-market-size-to-reach-usd-11-45-billion-by-2028-with-cagr-of-6-4-reports-and-data.html

Anatomic Pathology Market @ https://www.medgadget.com/2021/10/anatomic-pathology-market-growth-driven-by-growing-use-of-biomarkers-in-cancer-diagnosis-reports-and-data.html

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Tushar Rajput
Reports and Data
+18008193052 ext.
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.