Why Is the Plasmapheresis Market Expected to Reach $2.55 Billion by 2030?


Posted September 26, 2024 by Pratiksha

By 2030, the Plasmapheresis Market is set to reach $2.55 billion, with a CAGR of 8.6% from 2023. This growth highlights the increasing adoption of plasmapheresis in various medical applications.
 
The plasmapheresis market is anticipated to grow to $2.55 billion by 2030, achieving a CAGR of 8.6% from 2023 to 2030, as reported by Meticulous Research®. Key drivers of this growth include an increase in autoimmune disease cases, heightened demand for source plasma among biopharmaceutical companies, and favorable reimbursement policies for procedures. The demand for plasmapheresis is notably rising in emerging markets, presenting further growth opportunities.

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Despite these positive indicators, challenges such as the high costs of plasmapheresis devices and associated procedures, as well as potential risks, may impede market growth. Additionally, awareness levels regarding plasmapheresis and access issues in certain regions remain significant obstacles.

Detailed Market Segmentation
The plasmapheresis market can be segmented by product type, technology, application, end user, and geography. Furthermore, the report evaluates competitors and analyzes market conditions at both country and regional levels.

In 2023, the disposables segment is expected to have the largest market share due to the frequent use of plasma separation filters and administration sets in plasmapheresis. This highlights the importance of disposable products in ensuring efficient procedures.

Technologically, the centrifugation segment is predicted to lead the market in 2023, driven by its ability to quickly and effectively separate plasma from blood components.

Dominant Market Applications
The source plasma collection application is expected to dominate the market in 2023, supported by rising demand for source plasma from pharmaceutical and biotechnology firms, as well as growing public awareness of the importance of voluntary plasma donations.

From the perspective of end users, the source plasma collection segment is likely to be the largest, as demand for source plasma in the production of plasma-derived products through fractionation continues to rise.

Regional Market Dynamics
The research analyzes the plasmapheresis market across major regions, including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa.

In 2023, North America is expected to have the largest market share due to high awareness of therapeutic applications, a prevalence of autoimmune diseases, advanced technology adoption, and a robust healthcare infrastructure.

Key Market Players
The key players in the plasmapheresis market include Asahi Kasei Corporation (Japan), Terumo Corporation (Japan), Baxter International Inc. (U.S.), B. Braun Melsungen AG (Germany), SB-Kawasumi Laboratories, Inc. (Japan), Kaneka Corporation (Japan), Haemonetics Corporation (U.S.), Fresenius SE & Co. KGaA (Germany), Shanghai Dahua Medical Apparatus Co., Ltd. (China), and Infomed SA (Switzerland). These companies play a critical role in driving advancements and innovations in the plasmapheresis market.

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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Last Updated September 26, 2024