Rising Demand for Blood Components and Need for Blood Transfusion in Therapy to Drive Growth in the Global Apheresis Equipment Market
The global Apheresis Equipment market is projected to reach US$3.6 billion by 2024 , driven by the increasing prevalence of blood disorders and chronic diseases requiring blood transfusion. Apheresis refers to a procedure where blood from a person (patient or donor) is passed through a medical device in order to extract the required components, such as red blood cells, platelets, plasma and others. Apart from its use in separating specific blood components from donor blood, the apheresis process is also utilized for the treatment of specific diseases conditions such as leukemia. Global market for apheresis equipment continues to witness stable growth driven by the rising adoption of therapeutic and donor apheresis. The increasing prevalence of blood disorders such as sickle cell anemia, blood cancer, and hemophilia and the rising need for various blood products is driving the demand for apheresis equipment, globally. Specifically, the increasing incidence of various illnesses in ...