Apheresis Equipment Market Research, Analysis, Segmentation, Trends, Size And Forecasts, Competitive Analysis, SWOT Analysis

Apheresis Equipment Market Introduction

The apheresis equipment market refers to the market for medical devices that are used to perform the process of apheresis. Apheresis is a medical procedure that involves separating blood components from a patient’s blood and removing or retaining specific components, such as plasma, platelets, or white blood cells, before returning the remaining components back to the patient. Apheresis is used in the treatment of various medical conditions, including autoimmune disorders, neurological disorders, and blood disorders. Apheresis equipment includes devices such as apheresis machines, disposable kits, and accessories that are used during the procedure. The market for apheresis equipment is driven by the increasing prevalence of chronic diseases, rising demand for plasma and platelets, and the growing number of blood donation centers.

Apheresis Equipment Market Industry Analysis

The apheresis equipment market is driven by factors such as the increasing incidence of blood disorders and autoimmune diseases, advancements in technology, and the rising demand for plasma-derived medicines. Apheresis equipment is used to separate blood components for therapeutic or diagnostic purposes. It is used in various applications such as hematology, neurology, nephrology, and others. The market is expected to see significant growth due to the increasing prevalence of blood-related disorders, such as hemophilia and sickle cell anemia, which require regular treatment using apheresis equipment. In addition, the rising demand for plasma-derived medicines for the treatment of various diseases such as hemophilia, thrombocytopenia, and autoimmune disorders is expected to drive the growth of the apheresis equipment market. The increasing number of blood donation centers and the rising awareness about blood donation are also expected to contribute to market growth. However, the high cost of apheresis procedures and equipment, as well as the lack of reimbursement policies in some countries, may hinder the growth of the market.

Apheresis Equipment Market Trends

Some of the recent trends observed in the apheresis equipment market are:

1. Technological advancements: The apheresis equipment market is witnessing significant technological advancements. Companies are introducing new and advanced apheresis equipment that are more efficient and have better patient outcomes.
2. Growing prevalence of chronic diseases: The increasing prevalence of chronic diseases such as cancer, autoimmune diseases, and blood disorders is driving the demand for apheresis equipment. Apheresis is used for the treatment of these diseases, and the rising incidence of these conditions is expected to boost the growth of the market.
3. Increasing demand for plasma and plasma products: The demand for plasma and plasma products is increasing globally. Apheresis is one of the major methods for the collection of plasma and plasma products. The growing demand for these products is expected to drive the demand for apheresis equipment.
4. Rising number of plasma collection centers: The number of plasma collection centers is increasing globally, driven by the growing demand for plasma and plasma products. This is expected to boost the demand for apheresis equipment used in these centers.
5. Favorable reimbursement policies: Many countries are implementing favorable reimbursement policies for apheresis procedures. This is expected to increase the number of apheresis procedures performed, which in turn will drive the demand for apheresis equipment.

Apheresis Equipment Market Size And Forecast

According to a report by Market Research Future, the global apheresis equipment market is projected to reach a value of USD 3,792.6 million by 2023, with a CAGR of 10.2% during the forecast period from 2018 to 2023. The increasing prevalence of chronic diseases such as cancer and blood disorders, advancements in apheresis techniques, and rising demand for plasma exchange procedures are some of the major factors driving the growth of the market.

North America is expected to dominate the apheresis equipment market during the forecast period, owing to the presence of key players, favorable reimbursement policies, and a high incidence of chronic diseases. The Asia Pacific region is expected to witness significant growth, due to the increasing focus on healthcare infrastructure development, rising healthcare expenditure, and growing awareness about apheresis therapies.

Apheresis Equipment Market Share Analysis

As of 2021, the apheresis equipment market was dominated by several major players such as Fresenius SE & Co. KGaA, Haemonetics Corporation, Terumo BCT, Inc., Asahi Kasei Medical Co., Ltd., and B. Braun Melsungen AG. These companies have a significant market presence and have been actively involved in various strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to expand their market share.

The market share of these companies is attributed to their strong brand recognition, extensive product portfolio, and advanced technology solutions. Moreover, the high demand for apheresis equipment in the healthcare industry has increased the competition among the major players, resulting in the introduction of innovative products and services to meet the growing market demands.

Apart from these major players, the apheresis equipment market also has several emerging players such as Kaneka Corporation, Fenwal, Inc., Kawasumi Laboratories, Inc., HemaCare Corporation, and Grifols, S.A., among others. These companies are focusing on developing technologically advanced products with improved efficacy, safety, and convenience, to gain a competitive edge in the market.

Apheresis Equipment Market Competitive Landscape

Some of the key players operating in the apheresis equipment market include Terumo BCT, Fresenius SE & Co. KGaA, Haemonetics Corporation, B. Braun Melsungen AG, HemaCare Corporation, Asahi Kasei Medical Co., Ltd., Kaneka Corporation, Kawasumi Laboratories Inc., Cerus Corporation, and Therakos Inc.

These companies are focusing on expanding their product portfolio and increasing their market share through strategies such as partnerships, collaborations, and acquisitions. For instance, in 2020, Fresenius SE & Co. KGaA acquired NxStage Medical, Inc., a company that develops and manufactures home hemodialysis machines and other products for the treatment of end-stage renal disease. This acquisition expanded Fresenius’ product portfolio in the apheresis equipment market. Similarly, in 2021, Terumo BCT announced a partnership with Marker Therapeutics AG to develop a new apheresis technology for the removal of specific immune cells from patients with autoimmune diseases.

Other key trends in the apheresis equipment market include the increasing prevalence of chronic diseases such as cancer and autoimmune diseases, the growing demand for blood plasma, and the rising number of blood donations. Additionally, technological advancements in apheresis equipment are driving the growth of the market, with newer devices offering higher efficiency, safety, and ease of use.

Apheresis Equipment Market Intelligence

Apheresis equipment is a medical device that separates various components of blood and returns the remaining blood components back to the donor or patient. Apheresis is used to treat a range of medical conditions, including autoimmune diseases, blood disorders, and certain neurological diseases.

The market for apheresis equipment is driven by the increasing prevalence of chronic diseases, advancements in technology, and the growing demand for blood components. Additionally, the rising number of blood donation programs, the growing demand for plasma-derived medicines, and the increasing geriatric population are also expected to contribute to market growth.

The market is expected to see significant growth in the coming years, with North America and Europe being the largest markets due to their developed healthcare infrastructure and high healthcare spending. However, the market is also expected to see significant growth in the Asia Pacific region due to the increasing prevalence of chronic diseases and the rising healthcare spending in emerging economies.

Key players in the apheresis equipment market include Terumo BCT, Fresenius SE & Co. KGaA, Haemonetics Corporation, B. Braun Melsungen AG, and Asahi Kasei Corporation. These companies are focusing on expanding their product portfolio through product launches and strategic partnerships and collaborations to strengthen their market position.

Apheresis Equipment Market Industry Trends

The apheresis equipment market is witnessing several trends that are likely to shape its growth trajectory in the coming years. Some of the significant trends in the market include:

1. Growing prevalence of chronic diseases: The increasing prevalence of chronic diseases such as cancer, autoimmune disorders, and blood disorders is driving the demand for apheresis equipment. Apheresis procedures are widely used in the treatment of these diseases.
2. Technological advancements: The market is witnessing several technological advancements, such as the development of new apheresis equipment with improved automation and precision. These advancements are improving the efficiency and safety of apheresis procedures, driving the demand for apheresis equipment.
3. Increasing demand for plasma products: The rising demand for plasma products is driving the demand for apheresis equipment. Plasma products are used in the treatment of various diseases such as hemophilia, immune deficiencies, and neurological disorders, among others.
4. Rising awareness about apheresis procedures: The increasing awareness about apheresis procedures and their benefits is driving the demand for apheresis equipment. Governments and healthcare organizations are also undertaking initiatives to promote apheresis procedures, which is further boosting the demand for apheresis equipment.
5. Increasing number of plasma collection centers: The rising number of plasma collection centers is driving the demand for apheresis equipment. These centers use apheresis equipment to collect plasma from donors, which is then used in the production of plasma products.

Overall, the apheresis equipment market is expected to witness significant growth in the coming years, driven by the increasing prevalence of chronic diseases, technological advancements, and rising awareness about apheresis procedures.

Apheresis Equipment Market Analysis

The global apheresis equipment market is expected to grow significantly in the coming years. Apheresis is a medical procedure that involves removing blood from a patient’s body, separating the components (such as plasma, white blood cells, and red blood cells), and returning the desired components back to the patient’s body. The apheresis process is used in the treatment of various diseases such as cancer, autoimmune disorders, neurological disorders, and hematological disorders.

The market for apheresis equipment is driven by an increasing number of patients suffering from various diseases and disorders that require apheresis procedures. Additionally, a rising demand for plasma and platelets for transfusion purposes and an increasing prevalence of chronic diseases such as cancer and autoimmune disorders are expected to drive the market growth.

Furthermore, technological advancements in apheresis equipment, the development of novel therapies that involve apheresis procedures, and the increasing number of plasma collection centers are expected to boost the market growth.

However, the high cost of apheresis equipment, the lack of awareness about apheresis procedures in developing countries, and the risk of complications associated with the procedure are expected to hinder the market growth.

Overall, the apheresis equipment market is expected to grow in the coming years due to the increasing demand for plasma and platelets for transfusion purposes and the rising prevalence of chronic diseases. Technological advancements and the development of novel therapies are also expected to drive the market growth.

Apheresis Equipment Market Segmentation

The apheresis equipment market can be segmented based on product type, technology, procedure type, application, end-user, and geography.

Based on product type, the market can be segmented into:

1. Devices
2. Disposable kits
3. Software

Based on technology, the market can be segmented into:

1. Centrifugation
2. Membrane Separation
3. Other Technologies

Based on procedure type, the market can be segmented into:

1. Plasmapheresis
2. Photopheresis
3. LDL Apheresis
4. Plateletpheresis
5. Leukapheresis
6. Others

Based on application, the market can be segmented into:

1. Renal Diseases
2. Neurology
3. Hematology
4. Oncology
5. Others

Based on end-user, the market can be segmented into:

1. Hospitals
2. Blood Collection Centers
3. Other End Users

Geographically, the market can be segmented into:

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa

Apheresis Equipment Market Forecast

As per the latest research report, the global apheresis equipment market is expected to grow at a CAGR of around 7.5% during the forecast period of 2021-2026. The market is anticipated to witness significant growth due to the increasing prevalence of chronic diseases and the growing demand for plasma and plasma products.

The market is also expected to be driven by the rising geriatric population, increasing demand for apheresis procedures for blood cancer treatment, technological advancements in apheresis equipment, and growing demand for platelets and plasma products.

Region-wise, North America is expected to hold a significant share of the market due to the presence of a large number of leading players, growing prevalence of chronic diseases, increasing awareness regarding apheresis, and well-established healthcare infrastructure. The Asia-Pacific region is expected to witness significant growth due to the growing healthcare industry, increasing prevalence of chronic diseases, and rising healthcare expenditure.

Key players operating in the apheresis equipment market include Fresenius SE & Co. KGaA, Terumo BCT, Inc., Haemonetics Corporation, Asahi Kasei Medical Co., Ltd., B. Braun Melsungen AG, Cerus Corporation, Kaneka Corporation, Kawasumi Laboratories Inc., Therakos, Inc., and Nikkiso Co., Ltd. These players are adopting various growth strategies such as partnerships, collaborations, mergers and acquisitions, and new product launches to strengthen their market presence and expand their product portfolio.

Apheresis Equipment Market Growth

The global apheresis equipment market is expected to grow at a moderate pace over the forecast period. The increasing prevalence of chronic diseases such as cancer, autoimmune disorders, and blood-related diseases, as well as the growing demand for plasma and plasma-derived products, are expected to drive market growth.

Advancements in apheresis technology, such as the development of continuous-flow centrifugation systems and increasing automation, are also expected to contribute to market growth. Additionally, the growing awareness about apheresis among healthcare professionals and patients, along with increasing investments in research and development activities, is anticipated to create growth opportunities in the market.

However, the high cost of apheresis procedures and equipment, as well as the risks associated with apheresis, such as hypotension, allergic reactions, and infections, may limit market growth. Furthermore, the shortage of skilled professionals and the lack of reimbursement policies in developing countries may also hinder market growth.

Apheresis Equipment Market Competitor Analysis

The apheresis equipment market is highly competitive and is characterized by the presence of several large and small players. Some of the major players operating in the market include Fresenius Kabi AG, Terumo BCT, Inc., Haemonetics Corporation, B. Braun Melsungen AG, Cerus Corporation, Therakos, Inc., Asahi Kasei Medical Co., Ltd., Kaneka Corporation, and Kawasumi Laboratories Inc. These players are focusing on strategic initiatives such as mergers and acquisitions, partnerships, collaborations, and product launches to expand their market share and increase their customer base. In addition, increasing research and development activities and advancements in technology are expected to further intensify the competition in the market.

Apheresis Equipment Market Strengths

The apheresis equipment market has several strengths, including:

1. Growing Demand: The demand for apheresis equipment is growing due to an increasing number of diseases and conditions that can be treated with apheresis, such as autoimmune diseases, neurological disorders, and blood disorders.
2. Technological Advancements: There have been significant technological advancements in apheresis equipment, including the development of advanced software and hardware, which has led to improved efficiency, safety, and accuracy of the treatment.
3. High Efficiency: Apheresis equipment is highly efficient in removing targeted substances from the blood, including harmful cells, plasma components, and antibodies.
4. Cost-Effective: Apheresis is a cost-effective alternative to other treatments for certain diseases, such as plasma exchange for autoimmune diseases.
5. Wide Applications: Apheresis equipment has a wide range of applications in medicine, including therapeutic apheresis, plasma exchange, red blood cell exchange, and stem cell collection.
6. Growing Awareness: The awareness of apheresis as a treatment option is increasing among healthcare professionals and patients, which is driving the growth of the market.
7. Increasing Investment: Many companies are investing in the development of apheresis equipment due to the growing demand and potential for significant returns on investment.

Apheresis Equipment Market Opportunities

The apheresis equipment market presents several opportunities, including:

1. Emerging Markets: The market presents significant growth opportunities in emerging markets, where the adoption of apheresis equipment is low but increasing due to rising healthcare spending and improving healthcare infrastructure.
2. Growing Applications: There are growing applications of apheresis equipment in new areas, such as cancer treatment, organ transplantation, and infectious disease management, which present new market opportunities.
3. Personalized Medicine: Apheresis equipment can be used for personalized medicine, where treatments can be tailored to individual patients based on their unique conditions and medical history, presenting a significant growth opportunity.
4. Advancements in Technology: The advancement in technology presents opportunities for the development of new and improved apheresis equipment that is more efficient, safer, and easier to use.
5. Aging Population: As the population ages, there is an increasing prevalence of diseases that can be treated with apheresis equipment, such as neurological disorders and autoimmune diseases, which presents an opportunity for growth in the market.
6. Increase in Blood Donations: There is a growing need for blood donations worldwide, and apheresis equipment presents an opportunity to increase the collection of specific blood components, such as platelets, from individual donors.
7. Strategic Partnerships: Collaborations between companies in the apheresis equipment market and healthcare providers or research institutions can lead to the development of new treatment protocols and increase market growth.

Apheresis Equipment Market Weakness

The apheresis equipment market has some weaknesses, including:

1. High Cost: The initial cost of apheresis equipment can be high, which can limit its adoption by healthcare providers in low-income countries or smaller healthcare facilities.
2. Limited Availability: Apheresis equipment may not be widely available in some regions, which can limit access to the treatment for patients.
3. Limited Awareness: The awareness of apheresis treatment is still relatively low among patients and some healthcare providers, which can limit the demand for apheresis equipment.
4. Need for Skilled Personnel: Apheresis treatment requires skilled personnel to operate the equipment and manage patient care during the procedure, which can limit its availability in some areas where skilled personnel are scarce.
5. Potential Risks: As with any medical procedure, apheresis treatment carries a risk of complications, such as infection or allergic reaction, which can limit its use in certain patients or lead to negative perceptions of the treatment.
6. Competition from Alternative Treatments: There are alternative treatments for many of the diseases and conditions that can be treated with apheresis, which can limit its adoption in some cases.
7. Regulatory Challenges: There may be regulatory challenges associated with the use of apheresis equipment in some countries, which can limit its availability or increase the cost of the treatment.

Apheresis Equipment Market Threats

The apheresis equipment market faces several threats, including:

1. Economic Instability: Economic instability can impact the demand for apheresis equipment, as patients and healthcare providers may have limited resources to invest in costly equipment or treatments.
2. Competitive Market: The apheresis equipment market is highly competitive, with several established players and new entrants constantly entering the market, which can lead to price wars and impact profitability.
3. Technological Obsolescence: The apheresis equipment market is heavily reliant on technology, and there is a risk of new technologies making existing equipment obsolete.
4. Government Regulations: Changes in government regulations can impact the availability and affordability of apheresis equipment and treatment, which can limit market growth.
5. Healthcare Policy Changes: Changes in healthcare policies, such as reimbursement policies or insurance coverage, can impact the demand for apheresis equipment and treatment.
6. Patent Infringement: There is a risk of patent infringement by competitors, which can impact the profitability of companies and limit market growth.
7. Public Perception: The public perception of apheresis treatment can impact the demand for apheresis equipment, and negative perceptions or misconceptions about the treatment can limit market growth.