Apheresis equipment market outlook has witnessed a significant boost across the globe with rising need for safe blood collection, processing, storage and distribution techniques as well as increasing R&D by biopharmaceutical companies.
Apheresis equipment market outlook has witnessed a significant boost across the globe with rising need for safe blood collection, processing, storage and distribution techniques as well as increasing R&D by biopharmaceutical companies.
Several government initiatives aimed at ensuring safe transfusion of blood and plasma for patients who require the same are further reinforcing apheresis industry trends. Strict guidelines with respect to blood transfusion are extremely essential owing to the rise in cases of diseases arising out of non-compliance of safety adherence especially in developing countries.
For instance, India is witnessing rising cases infection such as hepatitis B/C, malaria, HIV, syphilis and other bacterial infections due to unsafe blood transfusion techniques. In light of this, Ministry of Health and Family Welfare has set certain standards to be adhered to by blood banks and other blood transfusion services. Regulations in blood transmission and increasing R&D in the field is thus transforming the global apheresis equipment market outlook.
Enumerated below is an insightful summary of the top trends which are likely to be most prominent in driving apheresis equipment market share over 2019-2025:
Rising adoption of disposable apheresis kits
The increasing need for blood and its components is steering the global demand for disposable apheresis kits. According to American Red Cross Association, nearly 36,000 units of red blood cells are required in the U.S. every day. Additionally, a total of 7,000 units of platelets and 10,000 units of plasma are required in the country owing to diverse factors such as rising cases of chronic diseases as well as growing number of road accidents.
According to reports, in a year nearly 20-50 million people are injured or disabled during road accidents, worldwide. As a result of this there has been an exceeding requirement of blood thereby positively influencing disposable apheresis kit demand and consequently apheresis equipment market expansion.
Additionally, there has been a growing traction of disposable apheresis kits due to the increasing need for platelets transfusion. Burgeoning cases of cancer, leukemia and other blood disorders further affect the platelets count thereby requiring patients to undergo platelets transfusion.
Increasing incidences of cancer globally is amplifying the demand disposable apheresis kits. Report estimates that over 2.25 million people in India are diagnosed with cancer. Furthermore, chemotherapy and radiotherapy in the treatment of cancer can affect the platelets count of a person thereby leading to upward trend registered in disposable apheresis equipment market statistics.
Application of apheresis equipment in the treatment of neurological diseases
Multiple sclerosis, neuro infections, epilepsy, dementia, Parkinson’s disease, stroke and traumatic brain injuries are few of the rising neurological disorders that have been gaining undivided attention of health regulatory authorities lately. According to European Academy of Neurology, over 220.7 million people suffer from neurological disorders costing the region over USD 372.5 billion per year. Europe is investing heavily in the research and development of treatments for neurological diseases with an aim to reduce the number of people suffering from such chronic diseases and save costs for social service systems. Over 90% of the cross-border research is funded by the European Union which will prove to be extremely beneficial for research and innovations in neurological treatment.
The use of plasmapheresis in the treatment of neurological diseases is widely recognized. Reportedly, a single transmission process removes over 65%-70% of the disease-causing bacteria. Thus, technological advancements in the field of plasma transfusion is propelling the global apheresis equipment industry share.
To access sample pages of this report titled, “Apheresis Equipment Market Size By Product (Disposable Apheresis Kits, Apheresis Machines), By Application (Renal Disease, Neurology, Hematology), By Procedure (Photopheresis, Plasmapheresis, LDL Apheresis, Plateletpheresis, Leukapheresis, Erythrocytapheresis), By Technology (Membrane filtration, Centrifugation) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
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Increasing traction of centrifugal technological advancements
Therapeutic apheresis devices mainly separate the blood components from whole blood for the purpose of depletion or exchange of the components. Centrifugal apheresis technology is mainly used to remove cellular components and is considered to be highly efficient as it successfully extracts plasma membranes by over 50%.
Centrifugal apheresis is preferred owing to the several benefits such as ability to collect more product per donor hence enhancing productivity, ensuring collection of higher quality blood components via unique separation technology, reduced procedure time and improved donor experience. The efficiency of centrifugal technology is positively complementing the global apheresis equipment market size, a trend that is expected to be continued over the forecast period.
Apheresis equipment market driven by rising innovations in U.S. healthcare industry
Rising cases of chronic diseases coupled with discovery of new disorders is compelling innovations in the U.S. healthcare industry. According to data, in 2017, U.S. healthcare spending was estimated at USD 3.5 trillion accounting for 17.9% of the nation’s GDP.
With increasing discovery of diseases, the healthcare and pharmaceutical sectors in the U.S. are carrying out adequate R&D to facilitate medical treatment of patients. According to Pharmaceutical Research and Manufacturers Association, U.S. conducts more than half the world’s R&D in pharmaceuticals garnering a massive share of USD 75 billion, holding intellectual property rights on many newly developed medicines.
Additionally, the American Society for Apheresis aims at advancing apheresis medicines for patients and practitioners through evidence-based practice, education, research and advocacy. Thus, an established healthcare industry coupled with rising innovations and an individual regulatory association for apheresis is offering profitable revenue terrains for apheresis equipment market share.
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