Research and Development Activities to Improve Growth Prospects of Blood Purification Equipment Market

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. Blood purification therapies offer high degree of efficiency in rapid and direct removal of pathogenic agents due to which, their adoption continues to rise in several regions of the world.

At present, the blood purification therapy is primarily utilized for three major clinical applications such as plasmapheresis for toxicants, as a life support for organ failures, including hemodialysis for renal failures and redress of immune and metabolic disorders including immunoadsorption for autoimmune diseases. The increasing prevalence of metabolic and autoimmune diseases worldwide such as kidney failure is one of the major factors fueling the adoption of blood purification equipment. Over the past couple of decades, a number of therapeutic advancements in technology has been made and new blood purification equipment have been developed– a trend that is expected to continue during the forecast period.

At the back of these factors, 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. Moreover, a significant surge in the prevalence of diabetes and high blood pressure leading to kidney diseases are other factors likely to propel the global blood purification equipment market during the assessment period.

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New Technologies and Development of Novel Devices on Rise

Over the past couple of decades, a plethora of therapeutic technologies and cutting-edge blood purification equipment has entered the market. Increasing knowledge and understanding of pathophysiology and hematology due to additional research and development coupled with noteworthy progress in bio separation techniques are some of the other factors contributing to the overall growth of the global blood purification equipment market. Furthermore, recent advancements in pathophysiology of a range of diseases have resulted in the growing adoption of blood purification therapies due to which, the demand for blood purification equipment has witnessed steady growth, thus aiding in the blood purification equipment market.

The discovery of a host of pathophysiology agents in the blood stream and their role in pathophysiology of related diseases, including autoimmune diseases, systematic inflammatory response syndrome, cancer, and dialysis-related amyloidosis (DRA) is anticipated to augment the demand for blood purification equipment during the assessment period.

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Approval from FDA and Rise in Adoption of Blood Purification Equipment amid COVID-19 Pandemic to Drive Market

The novel COVID-19 pandemic is expected to have a strong impact on the overall growth of the global blood purification equipment market in 2020. As research and development activities continue to focus on exploring the potential benefits of blood purification as a measure to curb the transmission of the novel COVID-19 infection, a number of companies are approaching the FDA to allow them to use their blood purification equipment to treat COVID-19. For instance, in April 2020, the U.S. Food and Drug Administration (FDA) issued an emergency use authorization for a blood purification equipment to treat COVID-19 positive patients. 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.

Market players are expected to focus on product innovation and diversification to cater to the current requirements of the healthcare sector to gain advantage.

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Analysts’ Viewpoint

The global blood purification equipment market is expected to expand at a healthy CAGR of 7.5% during the forecast period. The market growth can be primarily attributed to factors such as increasing prevalence of chronic kidney diseases, advancements in technology, growing awareness pertaining to pathophysiology and hematology due to research and development activities, and rising support from government agencies in terms of product approval.

Blood Purification Equipment Market: Overview

  • This report analyzes the current and future prospects of the global blood purification equipment market. Rise in prevalence of diabetes and high blood pressure resulting in chronic kidney disease and increase in geriatric population are the key factors fueling the growth of the global blood purification equipment market during the forecast period.
  • The report provides an elaborate executive summary, which comprises a snapshot of the various segments of the global blood purification equipment market. The report also provides information and data analysis of the global blood purification equipment market with regards to segments based on type, product type, application, end user, and region.
  • The overview section of the report provides detailed qualitative analysis of drivers and restraints impacting the global blood purification equipment market, along with opportunities
  • Additionally, the global blood purification equipment market report includes company profiles and competitive matrix, which provide data about their businesses, product portfolios, and competition landscape in the global blood purification equipment market
  • The report includes data analysis on the blood purification equipment market attractiveness by region and segments
  • The last section of the report provides quantitative and qualitative analysis on market share of key players operating in the global blood purification equipment market. It elaborates the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global blood purification equipment market.

Blood Purification Equipment Market: Key Segments

  • In terms of type, the global blood purification equipment market has been classified into dialysis, CRRT, hemoperfusion, and others (plasma exchange, immunoadsorption, etc.). The dialysis segment held major share of the global blood purification equipment market in 2019.
  • Based on product type, the global blood purification equipment market has been bifurcated into portable and stationary. The portable segment is projected to dominate the global blood purification equipment market from 2020 to 2030.
  • In terms of application, the global blood purification equipment market has been divided into sepsis, COVID-19, infectious diseases, acute kidney injury, and others. The acute kidney injury segment is anticipated to lead the global blood purification equipment market during the forecast period.
  • Based on end user, the global blood purification equipment market has been categorized into hospitals & clinics, dialysis centers, and others. The dialysis centers segment is expected to dominate the global blood purification equipment market during the forecast period.
  • The market size and forecast for each of these segments have been provided from 2018 to 2030. The CAGR of respective segment has also been provided for the forecast period from 2020 to 2030, considering 2019 as the base year.

Blood Purification Equipment Market: Regional Outlook

  • In terms of region, the global blood purification equipment market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa)
  • The report provides market size and forecast for each region and country/sub-region from 2018 to 2030. Compound annual growth rates (CAGRs) of each of these regions and countries have also been provided for the forecast period from 2020 to 2030, considering 2019 as the base year. The blood purification equipment market study also covers the competitive scenario in these regions.

Companies Mentioned in Report

  • Key players in the global blood purification equipment market have been profiled based on key aspects such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
  • Major companies profiled in the global blood purification equipment market report are
    • 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
    • and Nikkiso Co, Ltd.

Blood Purification Equipment Market – Scope of the Report

TMR’s report on the blood purification equipment market studies the past as well as the current growth trends and opportunities to gain valuable insights of these indicators for the market over the forecast period from 2020 to 2030. The report provides the overall revenue of the global blood purification equipment market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global blood purification equipment market for the forecast period 2020–2030.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global blood purification equipment market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomena in the global blood purification equipment market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global blood purification equipment market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global blood purification equipment market

The report also delves into the competition landscape of the global blood purification equipment market. Key players operating in the global blood purification equipment market are identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global blood purification equipment market that are profiled in this report.

Key Questions Answered in Blood Purification Equipment Market Report

  1. How does the development of blood purification equipment provide scope of the growth in the global blood purification equipment market?
  2. How alliances and partnerships between players are widening the scope of new line of technologies for blood purification equipment?
  3. What are the revenue share projections of key segments under various criteria in the global blood purification equipment market during the forecast period?
  4. Which segment is likely to register leading revenue until the end of the forecast period in 2030?
  5. How is the evolving healthcare system in developing countries of Asia Pacific making an impact on the overall blood purification equipment market?

Blood Purification Equipment Market – Research Objectives and Research Approach

The comprehensive report on the global blood purification equipment market begins with an overview of the market, followed by the scope and objectives of this study. Following this, the report provides detailed explanation of the objectives behind this study and healthcare compliances laid down by accredited agencies in the purview of line of procedure for the blood purification equipment market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section further divided into smaller ones. The entire report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global blood purification equipment market in terms of type, product type, application, end user, and region. Key segments under each criteria are studied at length and the market share for each of these at the end of 2030 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global blood purification equipment market.

Blood Purification Equipment Market – Segmentation

Type

  • Dialysis
  • CRRT
  • Hemoperfusion
  • Others (Plasma Exchange and Immunoadsorption)

Product Type

  • Portable
  • Stationary

Application

  • Sepsis
  • COVID-19
  • Infectious Diseases
  • Acute Kidney Injury
  • Others

End User

  • Hospitals & Clinics
  • Dialysis Centers
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Blood Purification Equipment Market

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