The Blood Purification Equipment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Blood Purification Equipment, The blood purification equipment market size has grown strongly in recent years. It will grow from $19.9 billion in 2023 to $21.28 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to increased renal diseases, aging population, government initiatives, growing icu admissions, rising chronic conditions..
The blood purification equipment market size is expected to see strong growth in the next few years. It will grow to $28.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to home-based dialysis solutions, focus on cost-effectiveness, renal replacement therapies innovation, personalized treatment, regulatory support.. Major trends in the forecast period include personalized medicine approaches, enhanced connectivity, collaborations and partnerships, expanded applications, multi-modal therapies..
Increasing kidney transplants is expected to propel the growth of the blood purification equipment market going forward. Kidney transplant refers to a surgical procedure in which a healthy kidney from a donor is transplanted into a patient with end-stage renal disease (ESRD) or other severe kidney-related disorders. Blood purification equipment can help in the management of these patients by removing excess medications from the blood, maintaining the balance of electrolytes, and managing fluid levels. For instance, according to the United Network for Organ Sharing, a US-based non-profit scientific and educational organization, in 2022, more than 25,000 kidney transplants were performed in the United States, marking a new annual record and a 3.4% increase over 2021. Therefore, increasing kidney transplants is driving the blood purification equipment market.
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The blood purification equipment market covered in this report is segmented –
1) By Product Type: Portable, Stationary
2) By Indication: Sepsis, Renal Diseases, Other Indications
3) By End User: Hospitals And Clinics, Dialysis Centers, Other End Users
Major companies operating in the blood purification equipment market are developing innovative products to address the growing demand for blood purification therapy. For instance, in June 2022, Santersus AG, a therapeutic apheresis company, received FDA breakthrough designation for its medical device product, NucleoCapture. The NucleoCapture device is designed to cleanse patient blood of neutrophil extracellular traps (NETs), which have been recognized as a contributing factor in the development of sepsis and other conditions. It is the first-in-class, fully functional product designed to capture and remove circulating NETs from patient blood, allowing safe removal of NETs without compromising the defensive function of neutrophils.
The blood purification equipment market report table of contents includes:
- Executive Summary
- Blood Purification Equipment Market Characteristics
- Blood Purification Equipment Market Trends And Strategies
- Blood Purification Equipment Market – Macro Economic Scenario
- Global Blood Purification Equipment Market Size and Growth
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- Global Blood Purification Equipment Market Competitive Benchmarking
- Global Blood Purification Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Blood Purification Equipment Market
- Blood Purification Equipment Market Future Outlook and Potential Analysis
- Appendix
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