Blood Purification Equipment Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
30 May, 2023
The global blood purification equipment market size is expected to grow from $18.93 billion in 2022 to $20.28 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global blood purification equipment market size is expected to reach $26.44 billion in 2027 at a CAGR of 6.3%.
Global Blood Purification Equipment Market Key Driver
The rise in the incidence of metabolic and immunological illnesses is projected to drive the growth of the blood purifying equipment market in the coming years. An autoimmune disorder, also known as an immunological disorder, is a condition caused by the body's own immune system attacking and destroying healthy body tissues such as the kidneys. A metabolic disorder is one that occurs when abnormal chemical processes disturb the body's natural metabolism. Metabolic illnesses such as insulin resistance, obesity, and hypertension promote the development of acute renal injury, diabetes, chronic kidney injury, and other conditions that necessitate artificial blood filtration when there is a rapid loss of kidney function.
Get a sample of the global blood purification equipment market reportGlobal Blood Purification Equipment Market Segments
The global blood purification equipment market 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
4) By Geography: The regions covered in the blood purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global blood purification equipment market.
Major Blood Purification Equipment Industry Players
B. Braun Melsungen AG, Baxter International Inc., Nikkiso Co. Ltd., Spectra Medical Inc., Fresenius SE and Co. KGaA, Cerus Corporation, Infomed SA, Asahi Kasei Corporation, Healthwell Medical Tech. Co. Ltd., SWS Medical Group, ExThera Medical Corporation, Stellarray Inc., Medtronic, Toray Medical Co Ltd., NxStage Medical Inc., Nipro Pharma Corporation., WEGO Group, JMS Co. Ltd., Shanwaishan Medical Group
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Blood Purification Equipment Market Overview
Blood purification equipment refers to hollow-fiber membrane devices used in critical care nephrology that allow blood purification (exchange of solutes) through diffusion, convection, and ultrafiltration. It filters blood by eliminating toxins and indefinitely damaged red blood cells.
Blood Purification Equipment Global Market Report 2023 provides data on the global blood purification equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The blood purification equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.