PUBLISHER: Value Market Research | PRODUCT CODE: 1392404
PUBLISHER: Value Market Research | PRODUCT CODE: 1392404
The global demand for Continuous Renal Replacement Therapy Market is presumed to reach the market size of nearly USD 10.94 BN by 2030 from USD 4.41 BN in 2022 with a CAGR of 10.62% under the study period of 2023 - 2030.
Continuous renal replacement therapy (CRRT) is a well-known treatment option for critically ill patients with acute kidney injury who require renal support, particularly hemodynamically unstable patients, to provide renal support. The main benefit of continuous renal replacement therapy is that it removes fluid or solute at a slower rate per unit time. CRRT technique could filter the toxins from fluids. CRRT, on the other hand, can last up to 24 hours.
The increased prevalence of chronic kidney disease, a major risk factor for diabetes, hypertension, cardiovascular disease, and inflammatory kidney disease, is expected to drive the demand for continuous renal replacement therapy in the upcoming years. Moreover, with the rapid growth in the geriatric population globally, the prevalence of kidney-related diseases is expected to increase significantly and propel the continuous renal replacement therapy (CRRT) market growth during the forecast period. Furthermore, well-established healthcare infrastructure and high adoption rates of new technologies in continuous renal replacement therapy propel the market growth. In addition, the high number of initiatives taken by the manufacturers and government during the pandemic to increase awareness regarding CRRT is expected to boost the growth of the market for continuous renal replacement therapy. However, the high cost associated with continuous renal replacement therapy procedures will impede the growth of the renal replacement therapy market.
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 an inclusive assessment of each segment in the global market of continuous renal replacement therapy. The growth and trends of Continuous Renal Replacement Therapy Industry provide a holistic approach to this study.
This section of the continuous renal replacement therapy market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Continuous Renal Replacement Therapy market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments 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 continuous renal replacement therapy market include Baxter International Inc. (US), Fresenius Medical Care AG & Co. KGaA (Germany), NIKKISO CO., LTD. (Japan), B. Braun Melsungen AG (Germany), Asahi Kasei Corporation (Japan), Toray Medical Co., Ltd. (Japan), Infomed SA (Switzerland), Medtronic plc (Ireland), Medica S.p.A. (Italy), Medical Components, Inc. (US), Medites Pharma spol. S.r.o. (Czech Republic), SWS Hemodialysis Care Co., Ltd. (China), Ningbo Tianyi Medical Devices Co., Ltd. (China), Nipro Corporation (Japan), and Anjue Medical Equipment Co., Ltd. (China), among others. This section consists of 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.
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