The global therapeutic apheresis market is on the brink of significant expansion, according to the latest forecast from Future Market Insights (FMI). The market, currently valued at USD 2,717.9 million in 2023, is expected to nearly double, reaching an estimated USD 5,264.4 million by 2033. This impressive growth trajectory represents a robust Compound Annual Growth Rate (CAGR) of 6.8% over the forecast period.
Therapeutic apheresis, a critical medical procedure that separates and removes specific components from the blood, has become increasingly essential in treating a wide range of medical conditions. The growing prevalence of diseases that require therapeutic intervention, such as autoimmune disorders, hematologic diseases, and certain neurological conditions, is a major driver of the market’s expansion. Additionally, the increasing demand for blood components, driven by the aging population and the rise in chronic diseases, is further propelling the market’s growth.
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In addition to the rising demand, advancements in technology are playing a pivotal role in the development of innovative apheresis techniques. These technological advancements, coupled with favorable reimbursement policies and increased funding for apheresis procedures, are primary drivers propelling market growth.
The FMI report highlights that the convergence of these factors is creating a robust framework for the therapeutic apheresis market’s expansion. As the medical community continues to leverage these advancements, the market is well-positioned to meet the growing needs of patients and healthcare providers worldwide.
Key Takeaways:
- By 2033, the therapeutic apheresis industry in the United Kingdom is likely to expand, with a CAGR of 4.8%.
- In 2022, the United States developed the therapeutic apheresis business with a share of 28.8%.
- The therapeutic apheresis industry grew considerably to USD 2,577.9 million in 2022.
- The therapeutic apheresis sector expanded at a CAGR of 4.4% from 2018 to 2022.
- By 2033, China’s therapeutic apheresis industry is projected to develop with a CAGR of 8.3%.
- By 2033, India’s therapeutic apheresis industry is projected to expand with a CAGR of 6.8%.
- Japan’s therapeutic apheresis industry grew significantly, with a 4.2% share in 2022.
- Australia’s therapeutic apheresis industry is likely to expand with a CAGR of 6.1% by 2033.
- Germany’s therapeutic apheresis business grew, with a share of 6.3% in 2022.
- In 2022, based on the technology, centrifugation dominated the market, with a share of 58.3%.
- In 2022, the blood bank segment dominated the market, with a share of 43.5%, based on end users.
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Competitors Winning Strategies:
The market has currently demonstrated budding success and is well-established in several locations. As a result of growing government activities, more individuals are becoming aware of the industry under study, fueling its expansion. Strategic partnerships and new product launches by large corporations are also anticipated to fuel market expansion.
Recent Developments:
- The TORAYMYXIN medical device was introduced to the European market by Toray Medical Co. Ltd. (Japan) in June 2019.
- Baxter International Inc. (United States) introduced the PrisMax system in the US in July 2019.
- In June 2022, Terumo Blood and Cell Technologies announced that the automated red blood cell exchange procedure performed on the company’s Spectra Optia Apheresis System had been selected by the NHS MedTech Funding Mandate (MTFM) programme in NHS England in the United Kingdom to treat sickle cell disease.
- In July 2022, Eliaz Therapeutics and Terumo Blood and Cell Technologies worked together to create and market a breakthrough therapeutic apheresis therapy for acute renal damage (AKI).
Key Players:
- Asahi Kasei Medical Co.
- Haemonetics Corporation
- Miltenyi Biotec
- Cerus Corporation
- Terumo BCT Inc.
- Fresenius Kabi USA
- Terumo Bct
- B. Braun Melsungen AG
- Nikkiso Co. Ltd.
- Medica S.p.A.
- Baxter Healthcare Corporation
- Kawasumi Laboratories Inc.
- Therakos Incorporation
Key Segments:
By Procedure Types:
- Therapeutic Plasma Exchange (TPE)
- Red Blood Cell Exchange (RBCX)
- Cellular Depletions
By Technology:
- Centrifugation
- Membrane filtration
By Application:
- Hematology
- Neurology
- Nephrology
- Rheumatology
- Oncology
- Others
By End User:
- Hospitals
- Blood banks
- Specialty clinics
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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