Blood Purification Equipment Market: Current Analysis and Forecast (2021-2027)

The Blood Purification Equipment market is expected to witness robust growth during forecast period with a CAGR XX% due to the increase in the prevalence of chronic kidney patients. FDA-Regulated blood purification medical equipment follows precisely documented processes and their performance growing popularity for greater convenience and better clinical outcomes. Transplantation and dialysis are the preferred treatment approaches for End-Stage Renal Diseases which led to the trigger of the global blood purification Equipment Market. Blood purification devices may be effective at treating certain patients with COVID-19 by reducing various pathogens, cytokines, and other inflammatory mediators. The small active proteins in the bloodstream that control a cell’s immune response are filtering the blood and returning the filtered blood to the patient.
Moreover, a company B. Braun Avitum signed a co-marketing agreement with CytoSorbents Corporation, a critical care immunotherapy leader. The agreement was aimed to promote the use of CytoSorb with B. Braun’s latest OMNI continuous blood purification platform and OMNIset Plus bloodline set (set version 3.0 or higher).
The demand for blood purification therapy has witnessed considerable growth over the last couple of decades and is increasingly being used to treat a range of disorders, which cannot be treated by conventional therapies, including surgery and drug administration. The progress made by bio separation techniques, including filtration, dialysis, and adsorption is one of the key factors expected to provide a considerable boost to the expansion of the blood purification equipment market during the forecast period. along with the increasing support from the FDA in terms of product approval and more, the global blood purification equipment market is expected to surpass the US$ 22.9 Bn mark by the end of 2030.
Furthermore, launch of new technologies and development of novel devices, is contributing to the growing market of Blood Purification Equipment market. For instance: In April 2020, Baxter International Inc. received an emergency use authorization of the filter set developed by the company to treat patients with COVID-19. also, The Manufacturing activity of the blood purification equipment has been hindered due to nationwide lockdowns imposed by many countries. The lockdown created challenges in raw material procurement, availability of skilled workers, and supply of components and consumables.
During the post-lockdown, R&D activities to find innovative uses of blood purification in limiting transmission of coronavirus gained traction. Many companies have been seeking emergency use authorization (EUA) from the U.S. Food & Drug Administration (FDA) to utilize this equipment during the treatment of Covid-infected patients. Baxter International received emergency use authorization (EUA) from the U.S. FDA for its Oxiris filter set. This set is used for the treatment of the patients suffering from COVID-19 and have been admitted to the intensive care unit (ICU) with confirmed or imminent respiratory failure in need of blood purification therapy for reducing pro-inflammatory cytokine levels, including use in continuous renal replacement therapy (CRRT).
Cytosorbents Corporation, Baxter International, Inc., ExThera Medical Corporation, Aethlon Medical, Inc., Fresenius SE & Co. KGaA, Cerus Corporation, Jafron Biomedical Co., Ltd., Spectra Medical, Inc., B. Braun Melsungen AG, etc., are some of the prominent players operating in the global Blood Purification Equipment market.
Insights Presented in the Report
“Amongst Type, Disposable segment holds the major share.”
Based on the type, the market is fragmented into Dialysis, CRRT, Hemoperfusion, and Others. The Dialysis segment dominated the market with a share of XX% in 2020 and is expected to maintain its dominance during the forecast period. Further, Fresenius Medical Care, a prominent player in the market alone has 4,000 dialysis clinics operating globally as of 2020. For instance: In 2020, For instance, companies such as NxStage and Jafron have developed several blood purification devices that have reduced the mortality rate in patients suffering from acute kidney failure.
“Amongst Product Type, General surgery segment dominated the market during the forecast period.”
Based on product type, the market is mainly fragmented into Portable and Stationery. In 2020, the Portable segment accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period.
“Amongst End User Type, Hospitals and clinics segment dominated the market during the forecast period.”
Based on End user Type, the market is mainly fragmented into Hospitals & Clinics, Dialysis Centre and Others. Hospitals & Clinics segment would display a significant growth rate during the forecast period. Clinics are integrated with cutting-edge medical devices & equipment. Using blood purification services, clinics can provide speedier patient recovery as these clinics follow international regulations. The people who are currently going through renal failures are generally inclined towards blood purification from clinics that would fuel the growth at an accelerated CAGR of XX% over the forecast period.
Moreover, Developments in filtration & dialysis methods along with adsorption methods have boosted the adoption of these machines in various critical treatments.
“North America represents one of the largest markets of Blood Purification Equipment market.”
For a better understanding of the market dynamics of the Blood Purification Equipment market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of US$ XX million in 2020 owing to the rising per capita income.
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