Global Leukapheresis Market is Expected to Reach USD 561.6 Million by 2031: Allied Market Research
Allied Market Research
6 min read
Allied Market Research
Increase in the prevalence of chronic diseases such as leukemia, a rise in the number of clinical trials and public & private investments for the development of CAR (chimeric antigen receptor)-T therapy, and rise in government initiatives that promote blood donations in developing countries drive the growth of the global leukapheresis market. Region-wise, North America is likely to maintain its dominance during the forecast period.
Portland, OR, Nov. 02, 2022 (GLOBE NEWSWIRE) -- A new business intelligence report released by Allied Market Research, the global Leukapheresis Market generated $245.7 million in 2021, and is estimated to reach $561.6 million by 2031, witnessing a CAGR of 8.6% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
Product, Method, Application, End User, and Region
Drivers
Increase in prevalence of chronic diseases such as leukemia
Increase in the number of clinical trials and increase in public & private investments for the development of CAR (chimeric antigen receptor)-T therapy where leukapheresis is the first step
Rise in the number of major players that deal with leukapheresis
Surge in government initiatives promoting blood donations in developing countries such as China and India
Opportunities
Increase in demand for leukapheresis in pediatric patients
Restraints
High cost associated with leukapheresis therapeutics
Covid-19 Scenario:
The COVID-19 had a positive impact on the growth of the global leukapheresis market, as the vaccines which were undergoing clinical testing included research on white blood cells. This research played a crucial role in the creation of new vaccinations.
Moreover, research was carried out to determine how the COVID-19 affects white blood cells. For instance, to comprehend how SARS-CoV-2 affects lymphocytes, the NIH (National Institute of Health) performed clinical trials that called for leukapheresis.
Furthermore, the regularization of the supply chain of medications by key players and the rise in the number of patient visits for investigation and treatment fuelled the growth of the leukapheresis market in the post-pandemic period.
The report offers a detailed segmentation of the global leukapheresis market based on product, method, application, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on product, the disposables segment held the largest share in 2021, accounting for more than two-thirds of the global leukapheresis market, and would rule the roost through 2031. The same segment is estimated to witness the fastest CAGR of 9.0% during the forecast period. The report also discusses the devices segments.
Based on the method, the centrifugation segment held the largest share in 2021, accounting for more than half of the global leukapheresis market, and would rule the roost through 2031. However, the membrane separation segment is estimated to witness the fastest CAGR of 9.3% during the forecast period. The report also discusses the selective adsorption segments.
In terms of application, the therapeutic applications segment captured the largest market share of around three-fifths in 2021 and is expected to lead the trail during the forecast period. However, the research applications segment is likely to achieve the fastest CAGR of 9.1% through 2031.
Based on end user, the blood centers segment held the largest share in 2021, contributing to more than two-fifths of the global leukapheresis market, and is likely to maintain its leadership status during the forecast period. However, the others segment is expected to manifest the highest CAGR of 9.3% from 2022 to 2031. The report also discusses the hospitals segment.
Based on region, the market in North America was the largest in 2021, accounting for more than two-fifths of the global leukapheresis market, and is likely to maintain its leadership status during the forecast period. However, the leukapheresis market in the Asia-Pacific is expected to manifest the highest CAGR of 10.1% from 2022 to 2031. The other regions analyzed in the study include Europe and LAMEA.
Leading players of the global leukapheresis market analyzed in the research include Adacyte Therapeutics, AllCells, LLC, Asahi Kasei Corporation, Charles River Laboratories International, Inc., Cerus Corporation, Fresenius Kabi, Haemonetics Corporation, SB-KAWASUMI LABORATORIES, INC., and Terumo BCT, Inc.
The report analyzes these key players of the global leukapheresis market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
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