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Therapeutic Plasma Exchange Market Analysis & Trends – Industry Forecast to 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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