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Explore North American apheresis market estimated to grow at a CAGR of 10.87% during 2016 to 2021

Explore North American apheresis market estimated to grow at a CAGR of 10.87% during 2016 to 2021

Regional and country-level analysis and forecasts of the North America Apheresis Market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped

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According to the report “North America Apheresis Market By Product (Devices And Disposables), Procedure (Donor, Therapeutic, Photopheresis), Application (Renal Diseases, Neurology, Cancer, Hematology, Autoimmune Diseases And Cardiovascular Diseases), Technology (Centrifuge And Membrane Separation), End User (Private Blood Collection Centres, Public Blood Collection Centres And Hospitals) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)” published by Market Data Forecast, the North America Apheresis Market was worth USD 0.56 billion in 2016 and estimated to be growing at a CAGR of 10.87%, to reach USD 0.94 billion by 2021.

Apheresis is a procedure of blood component separation using centrifugation or membrane filtration technology. This procedure is performed either for donation of a blood component or for treatment of a disease by removal of the diseased or disease-causing blood component.

Whole blood is extracted from donor or patient’s body, processed through apheresis machine, and the desired blood components are separated based on their molecular weight, size, and affinity for particular substance.

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The U.S Government has been very supportive in the funding of R&D of Apheresis through its benefit programs such as Medicaid, Medicare, veterans’ health administration military and employee insurance programs. Medicare provides coverage for apheresis regardless of whether the procedure is performed in a hospital or a blood centre.

In addition, private insurers have recently begun to closely examine apheresis procedures and issue policy statements pertaining to coverage.

The rising incidence of chronic lifestyle diseases such as diabetes, kidney disorders, & respiratory diseases, increasing demand for blood components and favourable reimbursement policies for apheresis treatment are driving the equipment market share. However, the growth of the market is restrained by the scarcity of qualified donors, lack of awareness about apheresis and the high cost of these procedures.

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The North America Apheresis Market is segmented into Product, Procedure, Application, Technology and End user. On the basis of product, the market is segmented into Apheresis devices and disposables.

Based on procedure, the market is segmented into donor/automated apheresis and therapeutic apheresis. The Application segment includes Renal Diseases, Neurology, Cancer, Hematology, Autoimmune Diseases and Cardiovascular Diseases.

On the basis of technology, the market is segmented into Centrifuge and Membrane Separation. Centrifuge segment include Intermittent Flow and Continuous Flow.

Based on End user, the market includes Private Blood Collection Centres, Public Blood Collection Centres and Hospitals.

The North America Apheresis Market has been geographically segmented into segmented into US and Canada. As of 2016, North America leads the Global Apheresis market, accounting for more than 34% of the entire market share.

North America has the largest market in 2016 due to its healthcare infrastructure and high demand for plasma for production of plasma derived medicines. Disposables products segment is expected to have largest share in North America apheresis market.

The key players in this market are Asahi Kasei Medical Co., Ltd., Haemonetics Corporation, Terumo BCT, Inc., Fresenius Medical Care, Kawasumi Laboratories Inc., Cerus Corporation, HemaCare Corporation, Kaneka Corporation, B. Braun Melsungen AG, and Nikkiso Co., Ltd., Therakos, Inc., and Medica S.p.A.

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