Apheresis Market Expected to Witness the Highest Growth during 2020-2025

FactMR, in its latest business intelligence study, depicts the nuts and bolts of the global apheresis market. The apheresis report presents detailed information regarding the drivers, restraints, opportunities and trends affecting apheresis market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the apheresis report elaborates the market behavior of each vendor operating in the apheresis market.

The apheresis market report highlights the following players:

  • Kawasumi Laboratories Inc.
  • Terumo Corporation
  • Medica S.p.A.
  • Others

The apheresis market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

Apheresis technology adoption is on rise owing to the introduction of advanced therapies like stem cell therapy, radiotherapy and immunoglobulin therapy. Employing these therapies to prevent chronic diseases encourages adoption of apheresis procedures which boosts the global apheresis market. Apheresis technology is gaining support from authorities of different regions like North America and Europe. Government of these regions are running supportive programs such as Medicare, employee insurance programs, Medicaid and Veterans Health Administration to address issues regarding the high cost of apheresis procedures. Paid plans have been introduced in blood donation segment by private blood collection centers in order to attract donors. Hospitals are increasingly adopting the apheresis procedures. Apheresis equipment are used in various activities like collection and storage of the blood component that are required.

Japan Embraces Technological Advancements

Latest Fcat.MR report predicts that the global apheresis market will be twice the current volume in the forecast period 2020-2025. North America leads market on the back drop of technological advancements and government support. The quality of health care services have improved considerably in the region. This increases the reliance and trust of the patients on hospitals. Major stake holders have initiated various development initiatives to create advanced apheresis products which attracts patients and expands the patient pool in North America. All the above factors positively influence apheresis market growth in North America. Its market is expected to grow at ̴10% CAGR during the forecast period.

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Manufacturers in Japan are embracing technological advancements to foster innovations in order to gain greater penetration in market. The ongoing development of apheresis products in Japan strengthens the market in Asia pacific. Reimbursement strategies have been introduced by the market players in developing economies to strengthen their foot hold. Players are strategizing on the grounds of cost effectiveness to expand their market base in the region.