According to the latest report by IMARC Group “Blood Purification Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global blood purification equipment market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
Blood purification equipment refers to the medical device used for the extraction and purification of blood from the arteries. The equipment extracts the blood to remove contaminants and pumps the cleaned blood back into the body of the patient. Some of the commonly used equipment includes hemodialysis, blood filtration, continuous renal replacement therapy (CRRT), hemoperfusion and plasma exchange devices. This equipment are widely used for the treatment of cancer, organ and kidney failure, and immune metabolic disorders. As a result, they are extensively used across healthcare, ambulatory surgical and dialysis centers.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global blood purification equipment market is primarily being driven by the increasing prevalence of hypertension, diabetes and various metabolic, immune and kidney-related disorders, especially among the geriatric population. Moreover, significant improvements in the diagnostic technologies of chronic medical ailments are favoring the market growth. Various product innovations, such as the launch of portable blood purification equipment, are also contributing to the growth of the market. These devices can be used by the patients at home for regular monitoring and receiving remote medical consultations from healthcare providers. Other factors, including extensive improvements in medical infrastructure, along with the increasing health consciousness and awareness among the masses, are creating a positive outlook for the market.
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
Competitive Landscape with Key Player:
- 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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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