According to the new market research report "Blood Purification Device - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030", published by QYResearch, the global Blood Purification Device market size is projected to grow from USD 18.51 Billion in 2023 to USD 25.56 Billion by 2030, at a CAGR of 5.0% during the forecast period.
Blood Purification Device are medical devices used to treat and filter blood outside the body (extracorporeal means outside the body). These systems are designed to remove toxins, waste products, excess fluids, and/or pathogens from the bloodstream when the body's own organs (such as kidneys or liver) are unable to adequately perform these functions.
- Global Blood Purification Device MarketSize (US$ Million), 2019-2030
Source: QYResearch, "Blood Purification Device - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Blood Purification Device Top11 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Blood Purification Device - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
This report profiles key players of Blood Purification Device such as Nipro Corporation, B.Braun, Nikkiso.
In 2023, the global top five Blood Purification Device players account for 55% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Blood Purification Device.
Market Drivers:
Prevalence of Chronic Kidney Disease (CKD): Increasing incidence of CKD and end-stage renal disease (ESRD) necessitates regular dialysis treatments.
Growing Aging Population: Higher prevalence of age-related diseases such as kidney failure and sepsis, which require blood purification therapies.
Technological Advancements: Development of more efficient and user-friendly systems that improve treatment outcomes and patient comfort.
Rising Healthcare Expenditure: Governments and healthcare providers invest in advanced medical technologies to improve patient care and reduce long-term healthcare costs.
Global Epidemics and Pandemics: Events like the COVID-19 pandemic highlight the need for blood purification systems in treating severe cases with cytokine storms and acute respiratory distress syndrome (ARDS).
Restraint:
High Cost: Initial investment and ongoing maintenance costs can be significant, limiting accessibility in lower-resource settings.
Complexity: Requires specialized training for healthcare professionals to operate and manage effectively.
Complications: Potential risks include infection, vascular access issues, clotting of blood in the system (requiring anticoagulation), and electrolyte imbalances.
Patient Tolerance: Some patients may experience discomfort or complications related to the procedure itself.
Regulatory Requirements: Compliance with stringent regulatory standards and guidelines for safety and efficacy.
Opportunity:
Miniaturization and Portability: Development of compact, portable systems that can be used in home settings or remote areas.
Personalized Medicine: Tailoring treatments based on individual patient profiles and disease characteristics.
Integration with Artificial Intelligence (AI): Utilization of AI and machine learning algorithms to optimize treatment parameters and predict patient outcomes.
Bioengineering Advancements: Innovations in biomaterials and membrane technologies to improve filter efficiency and biocompatibility.
Expansion into New Therapeutic Areas: Exploring applications beyond renal disease, such as sepsis management, liver failure, and cytokine removal in immunotherapy.
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