IMARC Group, a leading market research company, has recently released a report titled “Blood Purification Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global blood purification equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Blood Purification Equipment Industry?
According to the report, The global blood purification equipment market size reached US$ 19.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028.
What is Blood Purification Equipment?
Blood purification equipment is a medical apparatus used to extract and purify blood for treating diseases that are unresponsive to traditional therapies. The equipment withdraws the blood to remove pathogens, cytokines, viruses, and other inflammatory mediators and pumps the purified blood back into the body of the patient. Some commonly used equipment includes hemodialysis, continuous renal replacement therapy (CRRT), plasma exchange machines, and hemoperfusion. In addition, they are employed in the treatment of organ or renal failures, plasmapheresis procedures, and immune-metabolic disorders. As a result, blood purification equipment is extensively employed in ambulatory surgical centers, clinics, and hospitals across the globe.
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What are the growth prospects and trends in the blood purification equipment industry?
The market is primarily driven by the increasing prevalence of metabolic and immune disorders, including diabetes, hypertension, and kidney failure. In addition, the rising popularity of at-home care for the geriatric population susceptible to numerous ailments led to the widespread adoption of economical and portable blood purification equipment, contributing to market growth. Moreover, various technological advancements, such as the development of equipment with biofeedback loops and personalized dialysis prescription capabilities, represent another major growth-inducing factor. Additionally, these novel variations are beneficial in preventing low blood pressure during dialysis, keeping electronic medical records (EMRs) up-to-date, and enhancing monitoring capabilities, which is augmenting the market growth. Besides this, the growing awareness regarding early diagnosis and care, and the rising popularity of minimally invasive (MI) surgery procedures, are providing a positive thrust to the market growth. Furthermore, extensive research and development (RD) activities in hematology, biotechnology, and pathophysiology applications are creating a favorable market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Portable
- Stationary
Breakup by Indication:
- Sepsis
- Renal Diseases
- Others
Breakup by End User:
- Hospitals and Clinics
- Dialysis Centers
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aethlon Medical Inc.
- Asahi Kasei Corporation
- B. Braun Melsungen AG
- Baxter International Inc.
- Cerus Corporation
- CytoSorbents Corporation
- Fresenius SE Co. KGaA
- Healthwell Medical Tech. Co. Ltd.
- Jafron Biomedical Co. Ltd.
- Kaneka Corporation
- Medtronic plc
- Nikkiso Co ltd.
- Spectral Medical Inc.
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