Plasmapheresis is a medical procedure designed to remove some plasma from the blood. It is done to treat various autoimmune disorders such as sickle cell anemia, chronic inflammatory demyelinating polyneuropathy, myasthenia gravis, lambert-eaton myasthenic syndrome, and guillain-barre syndrome, increasing the demand for plasmapheresis devices worldwide.
Therapeutic plasma exchange (TPE), or plasmapheresis, removes and replaces a patient’s blood plasma to treat certain diseases. Plasmapheresis can be accomplished through centrifuge-based platforms such as Fenwal Aurora, Cobe Spectra, and Fresenius COM.
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Increasing prevalence of autoimmune disorders across the globe is expected to propel growth of the plasmapheresis device market during the forecast period. For instance, according to the National Stem Cell Foundation (NSCF), around 4% of the world’s population is affected by one of more than 80 different autoimmune diseases.
Moreover, the emergence of COVID-19 worldwide is expected to augment the growth of the plasmapheresis device market. For instance, in September 2020, Roche announced the launch of its Elecsys, a new quantitative antibody test to measure SARS-CoV-2 antibodies to support the evaluation of vaccines.
COVID-19 Impact Analysis:
Reducing the burden of cytokines and abnormal coagulation agents by plasmapheresis can be very helpful in the management of COVID-19. Therapeutic plasma exchange (TPE) is being discussed as a therapeutic alternative in COVID-19 patients. Plasmapheresis reduces cytokine and immune cell levels in COVID-19 patients. Moreover, in April 2020, the U.S. Food and Drug Administration (FDA) issued an emergency use authorization for a blood purification system to treat patients 18 years of age or older with confirmed COVID-19 admitted to the ICU with confirmed or imminent respiratory failure. This in turn is expected to augment the growth of the plasmapheresis device market.
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The plasmapheresis device market is expected to exhibit a CAGR of XX % during the forecast period owing to increase in approvals of plasmapheresis devices by government authorities. For instance, in July 2019, Baxter received the Food and Drug Administration (FDA) 510(k) clearance for the PrisMax system and integrated TherMax blood warmer, the company’s next-generation platform for continuous renal replacement therapy (CRRT) and therapeutic plasma exchange (TPE).
Among regions, North America is expected to witness robust growth in the plasmapheresis device market due to the increasing prevalence of autoimmune disorders in this region. Autoimmune diseases are a family of more than 80 chronic. For instance, according to the National Institutes of Health, around 23.5 million Americans (7% of the population) suffer from an autoimmune disease, and the prevalence is rising.
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