Market Trends of Leukapheresis Industry
Apheresis Device Segment is Expected to Hold a Significant Share in the Leukapheresis Market
- Apheresis devices are used to collect and separate blood components for therapeutic and donation procedures. The devices are built with some safety units, such as an optical fluid level detector, ultrasonic air-bubble detectors, dry heat fluid warmers, and pressure sensors.
- According to an October 2022 article published by the Association for the Advancement of Blood & Biotherapies, the field of regenerative medicine is growing, which uses apheresis on a large scale to isolate blood cells and store them for therapeutic purposes. The need for apheresis collection in the United States may nearly triple, from about 43,000 annual collections in 2021 to 132,000 by 2025, according to forecast estimates. Thus, the high demand for apheresis is expected to propel the utility of apheresis devices during the forecast period.
- Additionally, according to a research study published in the International Journal of Molecular Sciences in August 2021, platelet-rich plasma (PRP) from apheresis increases the proliferation and differentiation of pre-osteocyte cells through the release of growth factors from platelets. Hence, the research studies indicating high usage of apheresis for the extraction of PRP used in treating various therapeutic conditions are expected to propel the segment growth during the forecast period.
- The expansion of key market players and partnership with various government bodies is another reason for the market's growth. For instance, in June 2022, National Health Service (NHS) England selected Terumo's Spectra Optia Apheresis System as Part of the MedTech Funding Mandate for the Expansion of Sickle Cell Disease Treatment. As a result of the partnership, Spectra Optia is likely to be used more widely in hospitals across England, enabling sickle cell disease patients to have improved access to this life-changing treatment. Hence, due to such partnerships, which strengthen the company's market position, along with rising technological advancements, the apheresis device segment is expected to witness growth during the forecast period.
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North America is Expected to Hold a Significant Market Share Over The Forecast Period
- North America is expected to hold a significant share of the leukapheresis market due to the rising geriatric population and increasing prevalence and incidence of leukemia in the region.
- According to the American Cancer Society (ACS) Cancer Statistics 2023, 59,610 new cases of leukemia and 89,380 new cases of lymphoma are estimated to be diagnosed in the United States in 2023. The high burden of these cancers is expected to boost the demand for leukapheresis to rapidly reduce the number of circulating leukemic and lymphoma cells in the blood, thereby accelerating market growth.
- Moreover, recent developments by market players are increasing market growth. For instance, in June 2021, OrganaBio, LLC launched adult peripheral blood-derived products, including vialed peripheral blood mononuclear cells (PBMCs) and whole leukopaks. These products contain high concentrations of peripheral blood mononuclear cells (PBMCs), such as T cells, NK cells, B cells, and monocytes, which are essential raw materials for immunotherapy research and allogeneic cell therapy development and manufacturing. The launch of innovative products such as leukoplakias for R&D is expected to propel the demand for leukapheresis used in the diagnosis and treatment of blood cancer and various immunological diseases, which will further augment the market growth in the region during the forecast period.
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