Global Blood Purification Equipment Market is valued approximately at USD 14.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2020-2027. Blood purification is a technique involved in pulling blood out from patients body into a device or an equipment to eliminate impurities and pump it back into the patients body. As such, blood purification has a considerable role in various kidney and blood-related disorders, the market is expected to gain a significant traction during the forecast period. Furthermore, the rise in prevalence of diabetes and immune disorders, along with the surging advancements in blood purification techniques are the few factors responsible for the CAGR of the market during the forecast period. For instance, according to the International Diabetic Federation, globally, the number of adults with diabetes was about 415 million in 2015, and this number is projected to grow to almost 578 million by 2030. Similarly, as per the World Health Organization (WHO), the prevalence of diabetes among people was increased from 108 million in 1980 to 422 million in 2014. While, chronic kidney disease affected 753 million people in 2016 worldwide, comprising 336 million males and 417 million females. In 2015, it resulted in 1.2 million deaths which is up from 409,000 in 1990. This, in turn, is expected to strengthen the market growth all over the world. However, the high cost of the products, and health safety risks pertaining to the blood purification techniques are the few major factors inhibiting the market growth over the forecast period of 2020-2027.
The regional analysis of the global Blood Purification Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in awareness concerning blood purification technique among patients, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising in prevalence of chronic kidney diseases and other blood-related diseases, along with the growing healthcare infrastructure in developing countries, such as China and India, would create lucrative growth prospects for the Blood Purification Equipment market across the Asia-Pacific region.
Major market player included in this report are:
Infomed SA
B. Braun Melsungen AG
Baxter International Inc.
Nikkiso Co, ltd.
Asahi Kasei Corporation
Healthwell Medical Tech. Co., Ltd.
Jafron Biomedical Co., Ltd.
SWS Medical Group
Fresenius SE and Co. KGaA
Kaneka Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Portable
Stationery
By Indication:
Sepsis
Renal Diseases
Others
By End-User:
Hospitals and Clinics
Dialysis Centers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year 2017, 2018
Base year 2019
Forecast period 2020 to 2027
Target Audience of the Global Blood Purification Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors