Market Trends of Therapeutic Plasma Exchange Systems Industry
This section covers the major market trends shaping the Therapeutic Plasma Exchange Market according to our research experts:
The Neurological Disorders by Indication Segment is Expected to Hold the Largest Market Share in the Therapeutic Plasma Exchange Systems Market
- The Neurological disorders segment is expected to account for the largest revenue over the forecast period. This dominance is owing to the increased demand owing to their proven efficiency in managing neurological conditions such as Guillain-Barre syndrome (GBS), multiple sclerosis and myasthenia gravis. On the other hand, the cardiovascular disorders segment is anticipated to witness the highest growth rate during the forecast period due to increased adoption of TPE as the first line of treatment for various disorders such as arteriosclerosis, rheumatic endocarditis, etc. Furthermore, the technological developments in the segment which increased the applications of TPE in the removal of lipoproteins, fibrinogen, and inflammatory factors, etc, are likely to drive the segment over the forecast period
- Based on the End-User, the major share of the market is covered by hospitals due to the presence of a huge number of hospitalized patients with cardiac, neurological and renal conditions. Also, the rapid increase in favorable reimbursement policies and rise in the number of physicians shifting from private clinics to large scale hospitals are expected to propel the hospital segment during the forecast period
North America Dominates the Market and Expected to do Same in the Forecast Period.
North America is expected to dominate the overall therapeutic plasma exchange systems market throughout the forecast period. The dominance is due to a rise in the global prevalence of various autoimmune disorders, a steep rise in the adoption of the lipoprotein apheresis treatment for cardiovascular indications like CAD, hypercholesterolemia strokes and atherosclerosis with an increased rate of cardiac deaths in recent years. For instance, according to The American Heart Association, in 2018, nearly 92.1 million individuals in the U.S. suffered from cardiovascular diseases resulted in higher demand for TPE driving the market in the region. Also, increased availability of advanced technology and established healthcare infrastructures in the region is also likely to fuel the market over the forecast period.
