Lateral Flow Analytics Market Growing Demand to Impact Revenue Share

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Lateral Flow Analytics Market

Global Leukapheresis Market was valued at USD 62 Million in 2021 and it is expected to further grow at USD 136 Million by 2031, at a CAGR of 8.2% during the forecast period.

New York, according to a new market research report published by Global Insight Services Lateral Flow Assay Market is expected to reach US$XX Billion by 2031. The report includes in-depth segmentation and market size data by categories, product types, applications and geographies . The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, and recent events such as merger and acquisition activities in the market.

The leukapheresis method is used to remove white blood cells from a blood sample. It is done to reduce the number of high white blood cells, to obtain cells for different types of research and to collect autologous blood cells to transplant them back into the patient. Leukapheresis is a form of apheresis that removes a component from the blood and then reincorporates the remaining blood into the circulation. White blood cells are isolated during chemotherapy to protect them from the potential harmful effects of the high dose of chemotherapy drugs. They are then returned to the patient’s body.

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Market trends and drivers

The incidence of leukemia has increased dramatically worldwide. The American Cancer Society predicts that there will be 61,090 new cases of leukemia in the United States in 2021. Additionally, leukemia is predicted to be responsible for 23,660 deaths in the United States in 2021. Between 2008 and 2020 , the incidence rate of leukemia in children increased by 1% per year. It is logical to assume that the increased prevalence of leukocytic leukemia will increase the need for therapeutic leukapheresis operations in the coming years and support the expansion of the leukapheresis market.

Despite its therapeutic benefits, leukapheresis is still little used as a treatment, especially for hyperleukocytic leukemia. But industry players are beginning to pay more attention to how therapeutic leukapheresis is used to treat pediatric patients. The risks and side effects of conventional treatments, such as chemotherapy for children, may be the main culprit. Children’s stem cells can be obtained through leukapheresis and used to treat or eliminate extra white blood cells in patients with juvenile lymphoma or other cancers. Since so few hospitals now offer leukapheresis treatment for children in both established and emerging economies, leukapheresis is an area of ​​focus in this market due to the potential and benefits it offers in this application.

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Market constraints and challenges

Apheresis equipment typically costs between $20,000 and $150,000. Small hospitals and blood banks therefore avoid using this method of blood collection. In addition, for effective therapy and collection/removal of white blood cells by apheresis, trained and skilled doctors, staff and nurses are also needed. Leukapheresis is an expensive technology for short-term use due to all these issues. Similarly, leukapheresis in hospitals and cancer treatment centers has a very high cost because it requires additional consumables, which can cost between 1,500 and 3,000 USD for each patient. As a result, relatively few small blood banks, research institutes, and hospitals have adopted leukapheresis and leukoplakia, which will limit the growth of the leukapheresis market throughout the projected period.

Segmental Overview of Global Leukapheresis Market

The report analyzes the global Leukapheresis market based on type, application, end users and region.

Global Leukapheresis Market by Type

Based on type, it is segmented into Leukapheresis Devices, Apheresis Devices, Leukocyte Reduction Filters, Leukapheresis Columns, and Cell Separators. The leukapheresis devices segment is expected to dominate the market over the forecast period. White blood cells (leukocytes) are separated from whole blood using leukapheresis equipment. Leukodepleted blood cell products, such as leukodepleted plasma and leukodepleted red blood cells, are also created using these instruments. The rise in therapeutic leukapheresis procedures used to treat inflammatory bowel diseases, immune-mediated inflammatory diseases, and leukemia is primarily responsible for the expansion of the leukapheresis equipment market. Another important element driving the expansion of the market is the growing adoption of leukapheresis equipment by blood collection facilities.

Key Players of the Global Leukapheresis Market

The major players studied in the report are Fresenius, Asahi Kasei Medical, Haemonetics, STEMCELL Technologies, Terumo BCT, Macopharma, HemaCare, Caltag Medsystem, StemExpress, Key Biologics LLC, ZenBio Inc, Digital Pharmacist Inc, BioIVT, Precision for Medicine Inc and Lmb Technology GmbH among others.

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Reasons to Buy Lateral Flow Test Market Report:

• Develop a comprehensive understanding of the market landscape – industry structure, value chain, key players, trends, drivers and challenges
• Drive revenue and market entry strategy by gaining insights into the most important and fastest growing segments and geographies
• Formulate sales and marketing strategies by gaining an understanding of competitors, their positioning and their strengths and weaknesses
• Develop business and M&A strategies by understanding the latest trends and emerging market players
• Refine your business plans by understanding the impact of disruptions such as Covid-19 and the Russian-Ukrainian conflict on the market

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Global Insight Services (GIS) is a leading multi-industry market research company headquartered in Delaware, USA. We are committed to providing our clients with the highest quality data, analysis and tools to meet all of their market research needs. With GIS, you can be assured of quality deliverables, a robust and transparent research methodology, and superior service.

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