Apheresis Equipment Market size was valued at USD 1.8 billion in 2020 and is expected to witness approximate CAGR of 8.0% CAGR during forecast period.Apheresis is a medical procedure where the blood of the donor is passed through a piece of equipment in which a portion of the blood is centrifuged and the remaining component is returned to the donor's blood circulation. There are different types of procedures depending upon the blood constituents undergoing centrifugation i.e. the components being separated and withdrawn are plasma, platelets, leukocytes, lymphocytes, and red blood cells. Apheresis equipment market consists of types of equipment used during the apheresis process. Some of the types of equipment are used only for blood banking purposes, and many others are being used for therapeutic purposes. Due to increase usage of equipment during blood donation, severe cryoglobulinemia, Guillain Barre Syndrome, and homozygous familial hypercholesterolemia disease.

Market Segmentation:

The global apheresis equipment market is segmented by product type into disposable apheresis kits, apheresis machines. By application, the market is divided into renal disease, neurology, and hematology. By procedure, the market is segregated into photopheresis, plasmapheresis, LDL apheresis, plateletpheresis, leukapheresis, and erythrocytapheresis. By technology the market is categorized into membrane filtration, and centrifugation. By geography, the market is divided into North America, Asia Pacific, Europe, and RoW.

Market Dynamics and Factors:

Increasing cases of blood disorder, plasma exchange due to growing rates of sclerosis, the neurology is dominating the market and is expected to grow in the future. Membrane filtration was also dominating technology in the global apheresis equipment market and due to which the market is expected to grow at a rapid rate. However, the lack of donor availability and other complications like chronic symptoms is affecting market growth. Centrifugation segment is expected to grow significantly owing to centrifugation technology like, it has the function to work at low temperature and is easy to scale up, this will directly boost the apheresis equipment market.  There are several other risks associated with the devices and will be the major challenge for the government to reduce the risk factor among the patients.

Geographic Analysis:

North America was the largest regional market in 2018 due to the healthcare infrastructure and awareness among the patients. North America had a revenue generation accounting for 48.5% of global revenue in the apheresis equipment market. Asia Pacific is expected to grow at the highest CAGR of 11% by 2025 due to the technological advancement in healthcare, the requirement for medical needs and improving infrastructure in the market of India and China. The rising number of these diseases will result in the demand for a blood transfusion which is expected to increase the requirement of apheresis equipment thereby supporting the market growth.

Competitive Scenario:

The major players in the global apheresis equipment market are Terumo BCT, Hemacare, Fenwal, Haemonetics, Asahi Kasei Kuraray Medical, B. Braun, Fresenius, Therakos, and Kawasumi Laboratories.

Apheresis Equipment Market Report Scope