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Global Apheresis Market to Register 8.31% CAGR Facilitated by Increasing Incidence of Hematologic Diseases

Inkwood Research estimates that the Global Apheresis Market is predicted to project a CAGR of 8.31% in terms of revenue during the forecasting years of 2021-2028.

“Browse 63 Market Data Tables and 52 Figures spread over 210 Pages, along with an in-depth TOC on the Global Apheresis Market Forecast 2021-2028.”

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Apheresis is characterized as a medical procedure involving the removal of whole blood from a patient or donor, followed by the separation of blood into different components such as plasma, platelets, red blood cells, and white blood cells, in order to extract a particular component. The residual blood components are then re-introduced into the bloodstream.

Rising Incidence of Hematologic Diseases to Drive Market Growth

Blood-related diseases impact one or more parts of the body as well as overall health. While several blood conditions are caused by certain genes, common blood diseases include hemophilia, anemia, von Willebrand disease (VWD), blood cancers like leukemia-lymphoma, and myeloma, among others. The upsurge in the number of such conditions necessitates the demand for blood transfusions, anticipated to increase the need for apheresis equipment.

According to the National Heart, Lung, and Blood Institute, anemia, a common blood disorder, affects over 3 million Americans. For instance, as per the Centers for Diseases Control and Prevention (2017), nearly 5,382 fatalities were accredited to the incidence of anemia across the United States. As a result, the growing numbers of hematologic diseases are set to fuel the global market’s growth.



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Centrifugation is the Fastest-Growing Technology

Centrifugation is used to separate plasma and/or other blood components from the whole blood in order to deplete or exchange the components or plasma. Also, the technology is the gold standard method often applied during apheresis. Typical centrifugation entails an automated continuous-flow system, constituting a disposable apheresis kit as well as a centrifuge, an instrument used for separating blood components. The separation in centrifugation is predominantly based upon the cellular size of the blood components or specific gravity.

Asia-Pacific to be the Leading Region over the Forecasting Years

The increasing numbers of government initiatives, the rising awareness associated with healthcare, and blood donation camps, are among the crucial aspects credited to the market growth. Moreover, with the surging cases of accidents and diseases, in addition to technological advancements, the market studied is set to bolster during the estimated period.

Multiple establishments are adopting technologically advanced products and innovative technologies. Furthermore, owing to the COVID-19 pandemic, the demand for apheresis systems has considerably increased, thereby propelling the market growth. Hence, the intensity of competitive rivalry is expected to be high over the forecasted period. Leading companies operating in the market are Kaneka Corporation, B Braun Melsungen AG, Asahi Kasei Corporation, Baxter International Inc, etc.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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