The Global Blood Purification Equipment Market size is expected to reach $19.2 billion by 2026, rising at a market growth of 5.3% CAGR during the forecast period.
Blood purification refers to a method that includes blood withdrawal from the body of a patient into a machine or a device to eliminate impurities and send it back into the body. The market is expected to be fueled as blood purification plays a crucial part in various kidney & blood-related diseases. Developments in filtration & dialysis methods along with adsorption methods have boosted the adoption of these machines in various critical treatments. Blood purification machines find considerable application in renal or organ failures, plasmapheresis & immune-metabolic disorders.
Technological developments in blood purification machines will impact the market growth positively during the forecast period. Leading market players plan to launch innovative & advanced blood purification equipment. For example, companies like Jafron and NxStage have created various blood purification devices that have decreased the mortality rate in patients experiencing chronic kidney failure. Newly approved blood purification machines are highly sensitive & allow exhaustive observation. Moreover, these sophisticated blood purification equipment is economical & portable. Therefore, the above-mentioned aspects would bolster the growth of the market in the next few years.
Based on Product, the market is segmented into Portable and Stationary. The portable blood purification equipment segment obtained the significant revenue share in 2019 and would maintain the same kind of trend in the next few years. Portable equipment is highly used by healthcare experts during the constant blood purification process. The portability of equipment enables effective treatment during emergency cases. Moreover, portable equipment is very compact & takes least space that further augments its adoption.
Based on Indication, the market is segmented into Renal Diseases, Sepsis and Other Equipments. In 2019, the renal disease segment obtained the maximum revenue share and would emerge as a leading segment during the forecast period due to a surge in rates of renal disorders around the globe.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 13.4 Billion |
| Market size forecast in 2026 | USD 19.2 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 5.3% from 2020 to 2026 |
| Number of Pages | 181 |
| Number of Tables | 340 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Indication, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Blood Purification Equipment Market to reach a market size of $19.2 Billion by 2026
Based on End User, the market is segmented into Dialysis Centers, Hospitals and Clinics and Other End Users. The 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 of the global market.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North American blood purification equipment market would show major CAGR during the forecast years. The regional growth can be accredited to supportive demographic trends like the increasing geriatric population. A major segment of the geriatric population suffers from one or other types of chronic renal diseases that would act as a driver for the growth of the market. Moreover, the growth of the regional market would be propelled by favourable government regulations regarding blood purification equipment.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include B. Braun Melsungen AG, Baxter International, Inc., Asahi Kasei Corporation, Nikkiso Co., Ltd., Kaneka Corporation, Cerus Corporation, Shanwaishan Medical Group, Jafron Biomedical Co., Ltd., Infomed SA, and Fresenius SE & Co. KGaA.
By Product
By Indication
By End User
By Geography
The global blood purification equipment market size is expected to reach $19.2 billion by 2026.
Emerging technologies and the development of innovative equipment are increasing are driving the market in coming years, however, COVID-19 will negatively impact the market growth have limited the growth of the market.
B. Braun Melsungen AG, Baxter International, Inc., Asahi Kasei Corporation, Nikkiso Co., Ltd., Kaneka Corporation, Cerus Corporation, Shanwaishan Medical Group, Jafron Biomedical Co., Ltd., Infomed SA, and Fresenius SE & Co. KGaA.
The expected CAGR of the blood purification equipment market is 5.3% from 2020 to 2026.
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