The global blood purification equipment market was evaluated at $14,627.56 million in 2019, and is estimated to garner $23,939.14 million by 2027, registering a CAGR of 5.6% during the forecast period. This growth rate is majorly attributed to increase in incidences of diabetes & hypertension, along with overall rise in geriatric population that are more vulnerable to kidney related disorders across the globe and upsurge in prevalence of metabolic & immune disorders such as end-stage renal diseases (ESRDs) and chronic kidney diseases (CKDs). For instance, as per a research study undertaken by the University of California, San Francisco, in 2020, about 2 million people are estimated to be affected by ESRDs across the globe.
Blood purification allows removal of toxic or pathogenic substances from blood through dialysis, filtration or adsorption or a combination of these techniques. Blood purification involves removal of blood from patients body with the help of tubing, extracorporeal cleaning using a device and returning it to the patients blood circulation system. In addition, increase in advancements associated with blood purification techniques, hematology and pathophysiology of diseases is expected to further supplement the market growth. On the contrary, higher costs of the equipment and risks accompanying blood purification procedures may hinder the growth of the blood purification equipment market in near future.
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The number of patients diagnosed is supposedly anticipated to increase at a substantial rate of 5 to 7% every year. Research findings also concluded that countries with higher prevalence of ESRD were the U.S., Belgium, Japan, Mexico, and Taiwan. This is attributed to the increase in number of patients suffering from diabetes and hypertension. Thus, this surge in incidences of diseases associated with kidneys is expected to bolster the demand for dialysis worldwide, ultimately impacting the blood purification equipment market positively during the forecast period.
The global blood purification equipment market is classified based on product type, indication, end-user and region. Based on product type, the market is bifurcated into portable and stationary. Portable segment is anticipated to be the largest growing segment over the analysis period. This is majorly attributed to the advantages offered by portable blood purification equipment such as lesser space utilization and ease of movement especially in critical care units. Thus, these are most widely preferred by healthcare professionals for treating patients, thereby, supplementing the market growth. Based on indication, the blood purification equipment market can be divided into sepsis, renal diseases, and others. In 2019, the renal disease segment generated the highest revenue and is predicted to maintain its dominance throughout the forecast period owing to rising incidences of renal disorders worldwide.
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Based on end user, the global blood purification equipment market is segmented into hospitals and clinics, dialysis centers and others. The dialysis centers segment held a dominant position in the end user segment in 2019. This growth was due to patient preference to receive dialysis treatments through services provided by dialysis centers. One of the advantages of in-center dialysis is that a patient does not require any medical training as healthcare professionals carryout majority of the tasks, making it convenient for patients by avoiding any errors during the treatment.
However, treatments at dialysis centers require a longer commitment from patients as most of the time is spent at the centers during dialysis sessions. Region wise, the market has been analyzed across four regions namely, North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific represents profitable opportunities for players operating in the blood purification equipment market, attributable to its large population base along with several chronic & lifestyle diseases and rapidly rising prevalence of ESRDs. North America is expected to maintain its second dominant position in the market during the forecast period due to availability of technologically advanced equipment in critical care units, rise of awareness about blood purification processes among the patient population, and well-established healthcare infrastructure in the region. On the other hand,
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KEY BENEFITS FOR STAKEHOLDERS
? This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019 to 2027, which assists to identify the prevailing market opportunities.
? An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
? A comprehensive analysis of the factors that drive and restrain the growth of the global blood purification equipment market is provided.
? An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
KEY MARKET PLAYERS
– Asahi Kasei Corporation
– B. Braun Melsungen AG
– Baxter International Inc.
– Fresenius SE and Co. KGaA
– Healthwell Medical Tech. Co., Ltd.
– Infomed SA
– Jafron Biomedical Co., Ltd.
– Kaneka Corporation
– Nikkiso Co, ltd.
– SWS Medical Group
KEY MARKET SEGMENTS
– By Product Type
o Portable
o Stationary
– By Indication
o Sepsis
o Renal Diseases
o Others
– By End User
o Hospitals and Clinics
o Dialysis Centers
o Others
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– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Rest of Europe
o Asia-Pacific
? Japan
? China
? India
? Australia
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? Rest of LAMEA
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Why Purchase Market Research Report?
Informed Decision-Making:
- Market research reports provide valuable insights and data that help businesses make informed decisions.
- They offer comprehensive analysis of market trends, customer behavior, competitive landscape, and emerging opportunities, enabling businesses to identify potential risks and make strategic choices.
Market Understanding:
- Market research reports provide a deep understanding of the target market.
- They provide detailed information about market size, growth rate, market segmentation, and customer preferences.
- This knowledge helps businesses align their products, services, and marketing strategies with market demands.
Competitive Analysis:
- Market research reports include competitive intelligence, profiling key players in the market, their strategies, and market share.
- This information helps businesses benchmark themselves against competitors and identify opportunities for differentiation and growth.
Risk Mitigation:
- By analyzing market research reports, businesses can identify potential risks and challenges in the market.
- This allows them to develop risk mitigation strategies, adapt their business approach, and make informed decisions to minimize potential setbacks.
Market Opportunities:
- Market research reports highlight emerging market opportunities and trends.
- They provide insights into untapped segments, changing consumer preferences, and technological advancements.
- By leveraging this information, businesses can capitalize on market opportunities and gain a competitive edge.
Investment Evaluation:
- Market research reports assist businesses in evaluating investment opportunities.
- They provide data on market size, growth potential, and competitive landscape, helping businesses assess the feasibility and potential returns of investment projects.
Customer Insights:
- Market research reports offer valuable insights into customer behavior, preferences, and purchasing patterns.
- This knowledge helps businesses understand their target audience better and tailor their products, services, and marketing efforts to meet customer needs.
Strategic Planning:
- Market research reports provide a foundation for strategic planning.
- They offer a comprehensive view of the market, helping businesses set realistic goals, define their target audience, and develop effective strategies to achieve their objectives.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.
Get in Touch with Us:
Report Ocean:
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel: +1888 212 3539 (US – TOLL FREE)
Email: sales@reportocean.com
Visit our news website: https://reportocean.com