The Global Apheresis Market was valued at US$ 1,900.0 million in 2020, and it is expected to reach US$ 3,400.0 million by 2027, with a CAGR of 9.2%, during the forecast period, 2021 - 2027.
Rising applications of plasma therapy in various health issues is a key factor driving growth of the global apheresis market. These health issues include but not limited to severe rheumatoid arthritis, severe, vasculitis, systemic lupus, and in solid organ transplantation. Moreover, rising blood related diseases among the population all over the world is the propelling factor for the growth of the target market. Additionally, the growing demand for the blood plasma by different pharmaceutical companies is another driving factor for the growth of global market.
Apheresis plays a key role in the purification of the blood to prevent and control the kidney disorder is the fuelling factor for the growth of the target market. For instance, in 2019, in US, according to the Center of Control and Prevention(CDC) it is projected that the 15% adults i.e about 37 million adults are suffering from (CKD) chronic kidney disease. Moreover, the product approvals is another driving factor for the growth of the target market. For instance, Fresenius Kabi USA and Fresenius Kabi AG in June 2020, acknowledged FDA approval for system called as ALYX Component Collection System, this system is anticipated to segregate and collect blood into the components and anticipated for the setting up of the blood collection.
However, some factors such as myth about the procedure, chances of infection, and bleeding at donation site may hamper growth of the global market to a certain extent. The complication associated for the procedure of the apheresis is anticipated as the restraining the market growth.
In terms of geography, the North America region is the fastest growing region over the forecast period. Presence of developed blood collection facilities and high product penetration are driving the growth of the market. As increasing the blood donation camps and rising awareness about blood donation are the factor which propels the growth of the apheresis market in the North America region.
The key players operating in the market are:
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