PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472165
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1472165
Global Apheresis Equipment Market is valued at approximately USD 2.66 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.20% over the forecast period 2023-2030. Apheresis equipment is a medical technology used for a procedure called apheresis, which involves the separation and collection of specific components of blood. This equipment typically includes a machine with specialized tubing sets and filters that allow for the separation of blood into its various components, such as red blood cells, plasma, platelets, and white blood cells. These devices are designed to ensure the safe and efficient collection of specific blood components for therapeutic purposes, such as treating certain medical conditions or preparing blood products for transfusion. The Apheresis Equipment market is expanding because of factors such as the rising prevalence of blood-related disorders, rising popularity & participation in blood donation drives & camps, and favorable government initiatives along with reimbursement frameworks.
Chronic myeloid leukemia (CML) is a type of blood cancer that affects the bone marrow, leading to the overproduction of abnormal white blood cells. In some cases, patients with CML may require stem cell transplants as part of their treatment regimen. Apheresis equipment plays a crucial role in the collection of hematopoietic stem cells from donors or patients for transplantation. As the prevalence of CML increases, so does the demand for stem cell transplants, thereby driving the need for apheresis equipment. According to the Leukemia & Lymphoma Society (LLS) 2021, approximately every three minutes, one person in the United States is diagnosed with blood cancer. The new cases of leukemia, lymphoma, and myeloma accounted for 9.8% of the total 1,898,160 new cancer cases diagnosed in the United States in 2021. Moreover, according to the National Library of Medicine, the prevalence of chronic myeloid leukemia (CML) across the globe was 112,000 in the year 2020, and it is projected to increase to 144,000 by the year 2030, and 167,000 by the year 2040 and 181,000 cases by the year 2050. The rising prevalence of chronic myeloid leukemia across the globe is driving the market growth. In addition, rising R&D investments by biopharmaceutical companies and the growing field of regenerative medicine are some factors creating new opportunities for market growth. However, the high cost of apheresis equipment and stringent regulatory requirements stifle market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Apheresis Equipment Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the widespread occurrence of blood-related disorders and the need for blood components. Primary users encompass hospitals, clinics, and blood donation centers. Leading market players such as B. Braun Melsungen AG, Haemonetics Corp., and Fresenius Kabi AG are actively engaged in mergers and acquisitions to consolidate their positions. Within North America, the U.S. stands out as a dominant force owing to its advanced healthcare infrastructure. Anticipated trends include ongoing technological innovations and heightened awareness initiatives, which are poised to sustain market expansion. Asia Pacific is expected to grow at the fastest during the forecast period, owing to factors such as escalating incidence of blood disorders necessitating plasma and platelet transfusions in emerging economies like India and China underscores the growth trajectory. Furthermore, the enhancement of healthcare infrastructure and the rising count of healthcare professionals in these regions are poised to provide a solid foundation for substantial industry expansion throughout the forecast period.
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the market's future. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable