North America Apheresis Equipment Market: Top 4 trends propelling the industry demand through 2026
In 2019, the North America apheresis equipment market was estimated to be worth $1.14 billion and is projected to witness a high CAGR of 6.9% between 2020 and 2026, compelled by the alarming rise in blood related diseases. As the number of phlebotomy tests escalates, the market is projected to garner over $2 billion by 2026. With the development of techniques such as the C-reactive protein (CRP) apheresis for managing the symptoms of COVID-19 in high-risk patients, the demand for apheresis equipment is likely to spiral upward.
The following four trends have been inducing the growth of the North America market size:
Photopheresis technique to register increased demand due to popularity of convalescent plasma therapy
The photopheresis segment is set to collect considerable revenue through the upcoming timeframe, boosted by the effectiveness of convalescent plasma therapy in treating severely affected COVID-19 patients. The procedure involves collection of plasma in large volumes, owing to which photopheresis is considered desirable. The segment represented approximately 22% of the overall revenue of the North America apheresis equipment market in 2019. Since plasma therapy has been gaining popularity, photopheresis is likely to garner considerable demand over the next few years, assisting the North America market to achieve substantial yields.
Centrifugation technology to pick pace as new products receive approvals
The centrifugation segment is likely to rise at a magnificent pace, compelled by the deployment of the technology in the treatment of COVID-19 patients across North American nations. The US is a hotspot of the COVID-19 infection with the highest number of ongoing cases. New technologies, such as the centrifugal apheresis system introduced by Terumo Blood and Cell Technologies, are being approved by regulatory bodies such as the FDA. Due to this, the market is certain to witness an upsurge. The centrifugation technology is further classified into continuous and discontinuous techniques.
Access sample pages of this report, “North America 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 (U.S., Canada), Application Potential, Competitive Market Share & Forecast, 2020 - 2026” in detail along with the table of contents (ToC) @
Due to greater focus on reducing risk of contagion, disposable apheresis kits to gain traction
Apheresis machines and disposable apheresis kits are the two key segments of the market based on product. Of these, the latter will soar remarkably, since disposable kits are being preferred in order to lower the risk of contagion especially in the precarious times of the COVID-19 pandemic. These kits are meant for single use and are deployed across large-scale medical procedures, pushing the market size. The risk of infection posed by blood contaminated centrifuge or tubing is eliminated in the disposable apheresis kits because blood neither contacts the instrument, nor does it exit the kit.
Renal disease segment to reinforce growth
Hematology, neurology, and renal disease are some important segments of the market. The renal disease equipment segment is likely to witness magnified demand over the coming period, owing to the rapidly surging number of patients diagnosed with renal disease. A considerable number of patients have been preferring techniques including plasma exchange and double filtration due to the higher convenience of these methods. In 2019, the renal disease segment held a valuation of more than $144 million and is expected to grow at a promising pace in the North America apheresis equipment market.
As cutting-edge technologies are increasingly being utilized in medical equipment, manufacturers of apheresis equipment have been keeping up with the rapid advances by offering innovative solutions, ensuring the progress of the North American apheresis equipment industry outlook.
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