Apheresis Equipment Market To Show Significant CAGR till 2020A Chapter by David JonesApheresis Equipment Market Share, Size, Analysis, Growth, Trends and Forecasts to 2020 | Hexa ResearchThe worldwide apheresis equipment
market is anticipated to expand remarkably over the forecast period (2012 to
2020). In 2015, the industry generated revenues worth USD 1.4 billion. The
market is driven by favorable reimbursement frameworks & government initiatives.
Global demand can rise considerably because of high incidence of conditions,
such as blood cancer, sickle cell anemia, and hemophilia. Widespread awareness,
well developed healthcare infrastructure, growing geriatric population, and
lifestyle ailments like diabetes and obesity are factors that may positively
impact the industry in the forthcoming years.
Apheresis is the process of
segregating the various components of blood. The blood is made to pass through
a special apparatus after which the targeted components are retained while the
others are returned to the body for circulation. This entire procedure employs
extracorporeal therapy and medical technology. Therapeutic apheresis aims at isolating
the disease causing components in blood. Examples of the same are
plasmapheresis, leukopheresis, and plateletpheresis.
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The global Apheresis Equipment Market is categorized
as per products, applications, procedures, technologies, and geographies.
According to products, the bifurcations are disposables and devices. In revenue
terms, devices held the highest share in 2013. Additionally, substantial
revenues generated by this segment can be attributed to the high prices of
apheresis devices. The usage rate of disposable medical devices is on the rise
because they keep blood infections at bay and also lower the possibilities of
hospital acquired infections. These factors can stimulate overall industry
performance till 2020.
Areas of product application are neurology, renal
disease, hematology, and others. Neurology dominated the industry in 2013
because of the frequent need for plasma exchanges and rising cases of multiple
sclerosis in the U.S. Use of apheresis equipment in neurology ensures shorter
durations of treatment and lowers blood loss. This segment is projected to
expand remarkably in the forthcoming years.
On the basis of procedures, the overall industry is
segmented into erythrocytapheresis, plateletpheresis, plasmapheresis,
leukapheresis, photopheresis, LDL-apheresis, and others. Owing to frequent
applications in the area of donor apheresis, plateletpheresis held the highest
market share in 2013. However, photopheresis was a rapidly expanding segment in
the same year. There are two types of technologies, namely, centrifugation and
membrane filtration. In 2013, centrifugation held maximum industry shares.
However, it is anticipated that the membrane filtration segment will grow
robustly over the next couple of years.
As per geographies, the worldwide apheresis equipment
market is divided into North America, Europe, Asia Pacific, and Rest of the
World (RoW). North America dominated the global industry in 2013 because of
factors, such as technological advancements, widespread patient awareness, and
supportive governmental programs. Booming economies of the Asia Pacific, such
as China and India may impel regional growth during the forecast period. Key
industry players are Terumo BCT Inc.; Hemacare Corporation; Therakos Inc.;
Asahi Kasei Kuraray Medical Co. Ltd.; and B. Braun Melsungen AG among others.
In 2016, a group of physicians examined the efficacy
of lipoprotein apheresis therapy in the treatment refractory angina. This
therapy is normally used to remove excess cholesterol from the patient’s blood.
Latest results have however shown that unlike sham therapy (used for refractory
angina), the extracorporeal treatment proved more effective. Clinical trials
have also revealed that lipoprotein apheresis helps reduce angina symptoms and
improve myocardial blood flow, exercise capacities, and overall quality of life.
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StatsAuthorDavid Jonescalifornia, CAAboutResearch Analyst At Hexa Research Which Provides Research Content For All Types Of Domains do check my Articles more..Writing
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