PUBLISHER: Value Market Research | PRODUCT CODE: 1288865
PUBLISHER: Value Market Research | PRODUCT CODE: 1288865
The global demand for Blood Purification Equipment Market is presumed to reach the valuation of nearly USD MN by 2030 from USD 31.16 MN in 2022 with a CAGR of 17.6% during the period of 2023-2030. Whereas with regards to volume, the market was calculated XX Kilo Units in 2022 and foreseen to touch XX Kilo Units by 2030 with a CAGR of XX% during 2023-2030.
Blood purification equipment is a device in which a patient's blood is passed to remove infecting solute and possibly water. The method effectively reduces various pathogens, cytokines, and small active proteins in the bloodstream that controls a cell's immune response by filtering the blood and returning the filtered blood to the patient. It is mainly employed in three areas in a clinic: life support for organ failures, such as hemodialysis for renal failure; the field of critical care, such as plasmapheresis for toxicants; and reparation of metabolic and immune disorders, such as immunoadsorption for autoimmune diseases.
Increasing incidences of organ failure, immune disorder, and infections will escalate the demand for blood purification equipment. Rising FDA approval for equipment to treat new disorders and growing adoption of home-based healthcare devices is estimated to accelerate the growth of the market. Key market players are focussed on introducing innovations within the blood purification equipment. New devices have brought a constant increase in patient safety; equipment have become significantly more user-friendly with the advent of digitized dialysis. Currently, the market is experiencing a wave of innovations due to the COVID-19 outbreak. There have been innovations and technological advancements in equipment to treat COVID-19 patients. However, the high cost of equipment and risk associated with the purification process hampers the market's growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of blood purification equipment.
The entire blood purification equipment market has been sub-categorized into application, type and end-users. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
This section covers regional segmentation which accentuates on current and future demand for blood purification equipment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the blood purification equipment market include Aethlon Medical Inc., Cytosorbents Corporation, Baxter International Inc., Nikkiso Co. Ltd., Jaron Biomedical Co. Ltd., Fresenius SE & Co. KGaA, Cerus Corporation, ExThera Medical Corporation, Spectra Medical Inc., B. Braun Melsungen AG. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
Note - In company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies