LEUKAPHERESIS DEVICES MARKET ANALYSIS (2020-2027)

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LEUKAPHERESIS DEVICES MARKET ANALYSIS (2020-2027)

• Leukapheresis Market, by Device Type (Apheresis
  Devices, Leukapheresis Columns Cell Separators,
  Leukoreduction Filters, and Leukapheresis
  Disposables), By Application (Research
  Applications and Therapeutic Applications), by
  End User (Hospitals, Academic and Research
  Institutes, Pharmaceutical and Biotechnology
  Companies, and Blood Component Providers and
  Blood Centers), and by Region (North America,
  Latin America, Europe, Asia Pacific, Middle East,
  and Africa) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

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• Leukapheresis is a procedure used to treat
  chronic lymphocytic leukemia (CLL) or patients
  with very high white blood cell counts. Leukemia
  starts in early forms of blood cells, usually
  white blood cells or leucocytes, which helps to
  fight against infections caused by foreign
  particles.
• The leukapheresis devices market is estimated to
  be valued at US 22.32 million in 2020 and is
  expected to exhibit a CAGR of 7.6 during the
  forecast period (2020-2027).

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• Figure 1 Leukapheresis Devices Market Share ()
  Analysis, By Region, 2020

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• Increasing incidence of leukemia and number of
  blood donations are expected to drive the market
  growth over the forecast period
• According to the International Agency for
  Research on Cancer (IARC), in 2018, around
  437,033 cases of leukemia were registered and
  309,006 deaths occurred due to leukemia,
  globally.
• The need for blood and blood products is
  increasing every year in many countries -
  particularly low and middle income countries.
  Transfusion of blood and blood products help
  patients suffering from life-threatening
  conditions to live longer and maintain a higher
  quality of life, and it supports complex medical
  and surgical procedures.
• According to the American National Red Cross
  2020, around 21 million blood components are
  transfused each year in the U.S.

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• Leukapheresis Market- Restraints
• However, high cost associated with apheresis
  procedure and devices are major factors that
  hinder growth of the market. For instance, in the
  U.S., the cost of an apheresis procedure is
  around US 2,500 per treatment, which is very
  high. Furthermore, in India, the apheresis
  machine costs US 23,459 and there is an
  apheresis kit, which is required for separating
  components costing around US 134, which is very
  costly for low-income individuals to afford.

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• Leukapheresis Market Regional Analysis
• North America accounted for the largest share in
  the leukapheresis devices market in 2019, owing
  to increasing prevalence and incidence of
  leukemia in this region. According to Leukemia
  and Lymphoma Society (LLS), in 2019, around
  61,780 people were diagnosed with leukemia.
  According to Leukemia and Lymphoma Society and
  American Cancer Society, from 2011-2015, in the
  U.S., leukemia was the sixth most common cause of
  cancer death in both men and women.
• Furthermore, Asia Pacific is expected to witness
  the fastest growth during the forecast period.
  Owing to increasing geriatric population and
  health expenditure. For instance, according to
  the Population Census 2011, there were around 104
  million elderly persons (aged 60 years or above)
  in India 53 million females and 51 million
  males, and is expected to reach 173 million by
  2026 in India.

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• Figure 2 Leukapheresis Devices Market Value (US
  Mn) Y-o-Y Growth (), 2017-2027

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• Leukapheresis Market- Competitive Landscape
• Key players operating in the leukapheresis
  devices market include Asahi Kasei Medical Co.
  Ltd., Haemonetics Corporation, Terumo BCT Inc.,
  STEMCELL Technologies Inc., Fresenius SE Co.
  KGaA, BioIVT, Grifols, S.A, and Key Biologics,
  LLC.

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