The Latin America, Middle East and Africa Blood Purification Equipment Market would witness market growth of 6.2% CAGR during the forecast period (2020-2026). Blood from the body of the patient is moved via an external machine or device for removal of impurities, toxin, or endotoxin and is come back to the body of the patient using blood collection tubing.
This process is known as blood purification. Currently, blood purification methods are extensively utilized for the treatment of various diseases that are refractory to conventional therapies, like surgeries & drug administration. The blood purification is done by destroying pathogenic toxins & agents from blood with the help of various other bio-separation methods like dialysis, adsorption, or filtration. Due to these benefits as compared to the traditional techniques, blood purification is highly adopted for several autoimmune & metabolic disorder procedures.
Currently, hemodialysis treatment is one of the popular applications of the blood purification method. A wide population base that suffers from kidney failures is fuelling the development of advanced equipment & systems for blood purification for the hemodialysis patients. Moreover, the growth of the market would witness various lucrative growth opportunities as leading market players are putting heavy investment in the R&D activities of these systems. In addition, medical developments in the domains of hematology & pathophysiology of diseases have substantially increased the application of blood purification. This has eventually bolstered the demand for blood purification machines in the past few years and would maintain a similar trend during the forecast period.
The Brazil market dominated the LAMEA Portable Market by Country in 2019, thereby, achieving a market value of $289.6 million by 2026. The Argentina market would witness a CAGR of 6.9% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 5.5% during (2020 - 2026).
The Renal Diseases market dominated the Saudi Arabia Blood Purification Equipment Market by Indication in 2019, growing at a CAGR of 6.1 % during the forecast period. The Sepsis market is poised to grow at a CAGR of 7.2% during (2020 - 2026).
Based on Product, the market is segmented into Portable and Stationary. Based on Indication, the market is segmented into Renal Diseases, Sepsis and Other Equipments. Based on End User, the market is segmented into Dialysis Centers, Hospitals and Clinics and Other End Users. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Blood Purification Equipment Market in LAMEA is expected to register a CAGR of 6.2% during the forecast period (2020-2026)
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.
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