Red blood cell exchange is required in the sickle cell disease where normal blood cell are outnumbered by the sickle cells resulting in sickle cell related disorders such as Anemia. The normal red blood cells are important for the body to carry oxygen to various parts of the body and help in normal functioning of the body but when changes in the hemoglobin takes place it results in formation of deformed blood cells like sickle cells.
Sickle cells are sticky in nature, pointed in shape and when they flow through blood vessels, they form the clogs and hamper the normal body function which leads to decreased RBC count resulting in anemic condition.
Decreased RBC count adversely affects the body and don not let it function normally. To avoid this condition there is no widely used treatment available and hence red blood exchange systems plays an important role in enabling body to function normally. In the United States, at any given point around 100,000 people suffer from the sickle cell disease.
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Red Blood Exchange Systems Market: Drivers and Restraints
Increasing prevalence of the sickle cell disease across the world expected to drive the growth of the red blood exchange systems market. There is no widely effective treatment available for treatment of the sickle cell disease and superior nature of red blood exchange systems as compared to other methods such as blood transfusion expected to drive the growth of the red blood exchange systems market.
Increasing treatment seeking rate in the developing region where traditionally just iron treatment was used for the treatment of the sickle cell disease expected to fuel the growth of the red blood exchange systems market.
Manufacturers in the global red blood exchange systems market are focusing on increasing their geographical product footprints and hence it is expected to enhance their revenue generation in turn driving the growth of the red blood exchange systems market.
Whereas, limited treatment seeking rate and comparatively higher cost burden of red blood exchange systems may hamper the growth of the red blood exchange systems market.
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Red Blood Exchange Systems Market: Segmentation
The global red blood exchange systems market is segmented on the basis of end user and region
By end user, the global red blood exchange systems market is segmented as:
- Hospitals
- Specialty Clinics
- Home Care Settings
- Others
Red Blood Exchange Systems Market: Overview
The global red blood exchange systems market is majorly driven by the increasing prevalence of the sickle cell disease across the world and increasing manufacturer’s product offerings in different regions. By end user the red blood exchange systems market is expected to be dominated by the hospitals due to higher patient footfall for the treatment of the sickle cell disease.
The manufacturers in the red blood exchange systems market are focusing on collaborations and partnerships with various small and medium sized global and regional players to enhance their product offerings in various regions to enhance their revenue generation in the red blood exchange systems market.
Red Blood Exchange Systems Market: Regional Outlook
North America is expected to dominate the global red blood exchange systems market due to higher prevalence of the sickle cell disease.
Europe red blood exchange systems market is expected to be the second most lucrative region due to higher adoption of the red blood exchange systems for the treatment of sickle cell disease. Latin America red blood exchange systems market is expected to experience steady growth over the forecast period due to gradually increasing product availability in the region.
Asia-Pacific is regarded as the emerging red blood exchange systems market due to emerging countries such as India and China where the red blood exchange systems market growth potential amongst the highest. Middle East & Africa red blood exchange systems is expected to be the least lucrative market across the globe.
Red Blood Exchange Systems Market: Key Players
The key market players operating in the red blood exchange systems market are: TERUMO BCT, INC., FRESENIUS KABI, MACOPHARMA, GRIFOLS, HAEMONETICS, KANEKA PHARMA EUROPE N.V., LMB TECHNOLOGIE GMBH, FENWAL and others.
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