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LEUKAPHERESIS DEVICES MARKET ANALYSIS (2020-2027)

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Title: LEUKAPHERESIS DEVICES MARKET ANALYSIS (2020-2027)


1
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2
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

3
  • 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).

4
  • Figure 1 Leukapheresis Devices Market Share ()
    Analysis, By Region, 2020

5
  • 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.

6
  • 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.

7
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8
  • 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.

9
  • Figure 2 Leukapheresis Devices Market Value (US
    Mn) Y-o-Y Growth (), 2017-2027

10
  • 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.

11
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    market-insight/leukapheresis-devices-market-4142

12
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