The global therapeutic apheresis market is on the cusp of remarkable growth, as highlighted in the latest report by Future Market Insights (FMI). The market, valued at USD 2,717.9 million in 2023, is expected to almost double over the next decade, reaching an estimated USD 5,264.4 million by 2033. This impressive expansion is driven by a strong Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.
Therapeutic apheresis is a critical medical procedure that separates and removes specific components from the blood, making it essential in treating a diverse array of medical conditions. The market’s growth is being propelled by the increasing prevalence of diseases that require therapeutic intervention, including autoimmune disorders, hematologic diseases, and certain neurological conditions. Moreover, the rising demand for blood components, fueled by an aging population and the surge in chronic diseases, is further accelerating the market’s expansion.
Technological advancements are also playing a pivotal role in shaping the future of therapeutic apheresis. Innovations in apheresis techniques are enhancing the efficiency and effectiveness of the procedure, providing better outcomes for patients. In addition, favorable reimbursement policies and increased funding for apheresis procedures are creating a supportive environment for market growth.
The FMI report underscores the convergence of these factors as key to the market’s robust expansion. As the medical community continues to adopt these advancements, the global therapeutic apheresis 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.
Get the Full Picture: Download the Complete Therapeutic Apheresis Market Report Here
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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