Therapeutic Plasma Exchange Market to Grow at a Significant Rate until 2025
Rise in number of chronic diseases and increase in
applications of therapeutic plasma exchange to drive therapeutic plasma
exchange market
According
to TechSci Research report, “Global
Therapeutic
Plasma Exchange Market By Technique (Centrifugation v/s Membrane
Separation), By Indication (Neurological
Disorders, Renal Disorders, Hematology Disorders, Metabolic Disorders),
By Gender (Male v/s Female), By End Use
(Hospitals, Clinics, Others), By Region, Forecast & Opportunities,
2025”, the global market for therapeutic plasma exchange is expected
to grow at a brisk CAGR during the next five years. The market growth is fueled
by the utility of product in research organizations as it is being continuously
tested for its efficacies under different conditions. Therapeutic plasma
exchange is a process to separate blood from plasma by different procedures
like membrane separation or centrifugation. This is done to remove any
particular disease that is present in plasma by replacing the blood with fresh
frozen plasma (FFP) or albumin. The technique is called plasmapheresis which
works by filtering harmful antibodies from the blood and is used in many
chronic diseases, for instance, GBS (Guillain Barre Syndrome) is a type of
disease where it is necessary to implement plasma exchange to save the life. However,
process of plasmapheresis is quite costly which can hamper the growth of the
market.
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Global
therapeutic plasma exchange (TPE) market is segmented based on technique,
indication, gender, end use and region. Indication segment is further divided
into neurological disorders, renal disorders, hematology disorders and metabolic
disorders. Out of these, neurological disorders are expected to hold the lion’s
share as the TPE procedure has proved itself to be quite effective in the
treatment of various neurological disorders, like, Guillain Barre Syndrome
(GBS). It is also used to treat severe
and sudden attacks of sclerosis. American Society for Apheresis (ASFA) provides
a set of regulated guidelines, which needs to be followed before using the
procedure into any application. End use segment is divided into hospitals,
clinics and others, out of which, hospitals held the largest share in 2019 and are
expected to grow at the fastest rate during the forecast period. This growth
can be attributed to the increase in the number of patients suffering from
diseases that require plasmapheresis technique for their treatment.
Based
on regional analysis, the market has been segmented into Asia-Pacific, North
America, Europe, South America and Middle East & Africa (MEA). North
America held the dominant market share in 2019 on account of presence of pharma
& biotech companies. Moreover, the R&D sector in this region has been
developing over years, which can be held responsible for the region’s market dominance.
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Some of the leading players in global therapeutic plasma
exchange market include Haemonetics Corporation, Fresenius Medical Care, Terumo
BCT, Inc., Baxter International Inc., Asahi Kasei Medical Co., Ltd., Kawasumi
Laboratories Inc., B. Braun Melsungen AG, HemaCare Corporation, Medica S.p.A., Cerus
Corporation, Nikkiso Co., Ltd., Miltenyi Biotec, Therakos Incorporation, Fenwal
Incorporation, Kaneka Corporation, etc.
“In terms of regional analysis, Asia-Pacific is
expected to grow at the highest CAGR in during the forecast period which can be
attributed to the rising healthcare facilities in developing countries like
China, India, etc. Additionally, leading market players have commenced
investing in the TPE procedures, which is also fueling the growth of the market. Moreover, in the region, China led
the market in 2019 and India is anticipated to grow at the highest growth rate
during the forecast period on account of increasing cases of autoimmune
diseases and hematology disorders in the country.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global
Therapeutic Plasma Exchange Market By Technique (Centrifugation v/s Membrane
Separation), By Indication (Neurological
Disorders, Renal Disorders, Hematology Disorders, Metabolic Disorders),
By Gender (Male v/s Female), By End Use
(Hospitals, Clinics, Others), By Region, Forecast & Opportunities,
2025” has
evaluated the future growth potential of global therapeutic plasma exchange
market and provided statistics & information on market size, shares, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global therapeutic plasma
exchange market.
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