Impact of Covid19 on Apheresis Equipment Market, Future Growth 2020-2026 | Market to Reach USD 2.98 Billion with CAGR 7.8%

: New York, United States, 05-August-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, the global Apheresis Equipment market was valued at USD 1.62 Billion in 2018 and is expected to reach USD 2.98 Billion by year 2026, at a CAGR of 7.8%. Apheresis is a medical procedure that involves removing the whole blood from a donor or a patient and separating the blood into individual components so that a particular component can be removed. It is a non-invasive procedure and takes less than a few hours. Thus, the procedure is favored by the people. The procedure is also known as Pheresis or Hemapheresis. The procedure is performed outside the body and is therefore an extracorporeal procedure.

In the recent times there has been an increase in the number of people suffering from leukemia, cancer. This has resulted in a need for plasma transfusions. This has further led to a rise in the demand for apheresis equipment. The biggest restraining factor of this market are the risks of this procedure. Risks such as, bleeding, infection, low blood pressure, muscle cramps etc. demotivate the people from opting this procedure.

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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market.  The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.

Key participants include

Terumo BCT Inc., B. Braun Melsungen AG, Fresenius Medical Care, Asahi Kasei Medical Co. Ltd., Haemonetics Corporation and HemaCare Corporation.

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For the purpose of this report, Reports and Data have segmented into the global Apheresis Equipment market on the basis of type, propellants, application, and region:

Type (Revenue, USD Million; 2016–2026)

Plasma and Component SeparatorDisposable Apheresis KitsOthers

Application (Revenue, USD Million; 2016–2026)

Renal DiseasesNeurologyHematologyOthers

Technology Type (Revenue, USD Million; 2016–2026)

CentrifugationMembrane Filtration

Procedure (Revenue, USD Million; 2016–2026)

PlasmapheresisPlateletpheresisLeukapheresisErythrocytapheresisLDL- ApheresisOthers

Regional Outlook (Revenue, USD Million; 2017-2027)

North America

U.S

Europe

U.K

France

Asia Pacific

China

India

Japan

MEA

Latin America

Brazil

To identify the key trends in the industry, click on the link below:  https://www.reportsanddata.com/report-detail/apheresis-equipment-market

Key aspects of the Apheresis Equipment Market Report:

The report comprises of Apheresis Equipment market overview, market share, demand and supply ratio, supply chain analysis, and import/export details.

The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions.

The report covers all the crucial information about the products and services of major competitors.

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