The Global Blood Purification Devices Market was valued at USD 4.90 billion in 2021, growing at a CAGR of 4.19% during the forecast period from 2022 to 2027, to reach USD 6.27 billion by 2027.
The demand for blood purification devices is primarily witnessing growth on account of the increase in the number of Chronic Kidney disease (CKD) and End-Stage Renal Disease (ESRD) patients, the surge in the cases of hypertension and diabetes leading to kidney disorders, technological advancements in hemodialysis, increasing product approvals by FDA and increase in adoption of blood purification equipment.
Some of the key market players operating in the Blood Purification Devices/Equipment/Methods market include Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International Inc. (NYSE: BAX), Fresenius SE and Co. KGaA (ETR: FRE), Infomed SA, Jafron Biomedical Co., Ltd., Kaneka Corporation (KANKF), Nikkiso Co, ltd. and SWS Medical Group, CytoSorbents Europe GmbH, Spectral Medical Inc., Haemonetics Corporation (NYSE: HAE), Medtronic (NYSE: MDT), Cerus Corporation, ExThera Medical Corporation, and others.
DelveInsight’s “Blood Purification Devices/Equipment/Methods Market Insight & Forecast” report will offer an in-depth understanding of the Blood Purification Devices/Equipment/Methods market, further benefiting the competitors or stakeholders operating in the Blood Purification Devices/Equipment/Methods arena.
Blood Purification Devices/Equipment/Methods Overview
Blood Purification is a procedure that involves withdrawal of blood from the patient’s body into a device or an equipment in order to eliminate the impurities and pump it back into the body. The blood purification devices are similar to that of dialysis equipment. These devices use thin fibres for capturing and removing viruses and help in filtering the blood.
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Blood Purification Devices/Equipment/Methods Market Insights
Among all the regions, North America is expected to account for the largest share in the blood purification devices market. The rising prevalence of Chronic Kidney Disease and End Stage Renal Diseases among Americans along with the increasing awareness among patients for blood purification devices and the well-established healthcare infrastructure are predicted to be the major influencing factors in driving the overall growth of the market over the forecast period.
As per the statistics of Chronic Kidney Disease in the United States, 2021, CKD is more commonly seen in people that are above the age of 65 years or older than in people aged 45–64 years (12%) or 18–44 years (6%). Also, according to the United States Renal Data System 2020 Annual Report, overall, 14.9% of the U.S. adult population surveyed in 2015-2018 had CKD based on a low eGFR or proteinuria (on a single examination). As per the same organization in 2019 Annual Report, the number of prevalent ESRD cases has continued to rise by about 20,000 cases per year. In the North American region, an increasing number of people are suffering from kidney failure problems due to chronic kidney diseases. Therefore, this situation will help the market to expand further, fueling the blood purification equipment.
To read more about why North America is leading the market growth in the Blood Purification Devices/Equipment/Methods market, get a snapshot of the Blood Purification Devices/Equipment/Methods market report.
Blood Purification Devices/Equipment/Methods Market Dynamics
The rising number of patients suffering from Chronic Kidney diseases (CKD) and End Stage Renal Disease (ESRD) is one of the major reasons for driving the Blood Purification Devices market. According to the research paper “Chronic Kidney Disease is on the Rise”, by Haileamlak et al. in 2018, chronic disease tends to affect about 10% of the world’s adult population. Several conditions comprising of diabetes, hypertension, vascular disease and glomerulonephritis are known to cause the Chronic Renal Disease. Even in low-income countries, besides the above known causes, glomerulonephritis and interstitial nephritis are the major cause for most of the chronic kidney disease due to the high prevalence of infections. According to this research although CKD tends to affect certain age groups and sexes, it is more prevalent in case of aged individuals. As per the previous source, it is estimated that the worldwide prevalence of CKD is 23–36% in people aged ≥64.
As per the statistics of Chronic Kidney Disease in the United States, 2021, more than 1 in 7 i.e. 15% of US adults or 37 million people, are estimated to have CKD. It is more commonly seen in people aged 65 years or older (38%) than in people aged 45–64 years (12%) or 18–44 years (6%). The disease is slightly more common in women (14%) than men (12%). 1 in 3 adults (approximately 80 million adults) are at the risk of kidney disease. Due to the rise in the number of CKD and ESRD patients, there will be a high demand observed for blood purification devices, leading to a boost in the blood purification devices market.
However, the high cost of blood purification equipment and the risks associated with the blood purification procedures are expected to limit the market growth over the forecast period.
Recent Breakthroughs in Blood Purification Devices/Equipment/Methods Market:
Key Players Proactively Working In the Blood Purification Devices/Equipment/Methods Market
Key Blood Purification Devices/Equipment/Methods companies involved in manufacturing and production are making significant growth in the advancement of these devices. To boost their market position, they also engage in mergers and acquisitions. Some of the key Blood Purification Devices/Equipment/Methods companies operating actively in the Blood Purification Devices/Equipment/Methods market include Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International Inc., Fresenius SE and Co. KGaA, Infomed SA, Jafron Biomedical Co., Ltd., Kaneka Corporation, Nikkiso Co, ltd. and SWS Medical Group, CytoSorbents Europe GmbH, Spectral Medical Inc., Haemonetics Corporation, Medtronic, Cerus Corporation, ExThera Medical Corporation, and others..
Scope of the Blood Purification Devices/Equipment/Methods Market Report:
Table of Contents
1
Report Introduction
2
Executive Summary
3
Regulatory and Patent Analysis
4
Key Factors Analysis
5
Blood Purification Devices/Equipment/Methods Porter’s Five Forces Analysis
6
COVID-19 Impact Analysis on Blood Purification Devices/Equipment/Methods Market
7
Blood Purification Devices/Equipment/Methods Market Layout
8
Blood Purification Devices/Equipment/Methods Global Company Share Analysis – Key 3-5 Companies
9
Blood Purification Devices/Equipment/Methods Companies and Product Profiles
10
Project Approach
11
KOL Views
12
DelveInsight Capabilities
13
Disclaimer
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