South America Leukapheresis Market Growth Drivers and Forecast by 2028

The leukapheresis market in South America is expected to grow from US$ 4.92 million in 2021 to US$ 7.89 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028.

South America have been witnessing a growing number of COVID-19 cases since its outbreak. The cases are increasing in Brazil, Argentina, and Colombia. The COVID-19 is expected to result in the region's worst recession, causing a 9.1% contraction in regional GDP in 2020. This is expected to increase the number of poor up by 45 million and the extremely poor number by 28 million. The COVID‐ 19 pandemic is a critical test for the already overburdened and underfunded public healthcare systems of South America. It suffers from severe inequalities. State-run hospitals and clinics are already overstressed by the treatment of vector‐borne diseases and community‐acquired infections and high rates of non‐communicable diseases (NCDs). Moreover, in South America, the Gross Domestic Product (GDP) and central government healthcare expenditure are significantly lower than in developed countries. In 2018, as per the United Nations, Economic Commission for Latin America (CEPAL), 16 South American countries invested less than 4% of their GDP to healthcare. The consequences of a lack of investment in public healthcare systems are reflecting during the pandemic. The COVID‐19 pandemic is exacerbating these inequalities by threatening the infrastructure and capacity of state‐owned healthcare systems. Thus, the factors mentioned above are negatively impacting the growth of the market in the region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America leukapheresis market. The South America leukapheresis market is expected to grow at a good CAGR during the forecast period.

South America Leukapheresis Market Segmentation

South America Leukapheresis Market – By Product Type

• Leukapheresis Disposables
• Leukapheresis Devices

South America Leukapheresis Market – By Application

• Research Applications
• Therapeutic Applications

South America Leukapheresis Market – By End User

• Blood Component Providers and Blood Centers
• Hospitals and Transfusion Centers
• Pharmaceutical and Biotechnology Companies
• Academic and Research Institutes

South America Leukapheresis Market – By Country

• Brazil
• Argentina
• Rest of South America

South America Leukapheresis Market – Companies Mentioned

• Asahi Kasei Corporation                                 
• Fresenius SE & Co. KGaA                                
• Haemonetics Corporation                               
• Terumo Corporation                                        
• STEMCELL Technologies Inc.                          
• HemaCare  
• Macopharma
• AllCells
• BioIVT                          

South America Leukapheresis Report Scope