Pune, India, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Global Continuous Renal Replacement Therapy (CRRT) market size was valued at USD 1.01 billion in 2022 The market is anticipated to expand from USD 1.76 billion by 2030 exhibiting a CAGR of 7.8%. Introduction of New Technologies to Spur Market Growth, Consumable Segment Dominated due to Low Prices Compared to CRRT Systems.
CRRT, a round-the-clock dialysis method, is used to support kidney function in critically ill patients, especially those with AKI (Acute Kidney Injury). Administered in the ICU, it helps to maintain stable hemodynamics by constantly eliminating waste products from the blood. The market will gain grip due to a surge in digital transformation and the growing number of ICU admissions globally.
Fortune Business Insights™ provides this information in its research report, titled “Continuous Renal Replacement Therapy (CRRT) Market, 2023-2030”.
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Key Industry Development:
March 2021 –B. Braun Avitum AG joined hands with CytoSorbents Corporation with an aim to co-market their products. This move was aimed to promote the use of CytoSorb which can be operated with the B. Braun OMNI.
Key Takeaways :
- Increased Usage of CRRT Products in Treating COVID-19 Patients Led to a Positive Market Impact
- Surging Preference for Continuous Venovenous Hemodiafiltration (CVVHDF) Modality in this Therapy
- Growing Number of ICU Admissions to Propel Market Growth
- Rapid Advancements and Launches of New Technologies to Spur Market Growth
- Stringent Regulatory Guidelines for CRRT Therapy to Hinder Market Growth
- Baxter to Lead due to Strong Product Offerings and Wider Distribution Network
List of Key Players Mentioned in the Report:
- Baxter (U.S.)
- B Braun SE (Germany)
- Fresenius Medical Care AG & Co. KGaA (Germany)
- Asahi Kasei Medical Co., Ltd. (Asahi Kasei Corporation) (Japan)
- NIPRO (Japan)
- TORAY MEDICAL CO, .LTD. (TORAY INDUSTRIES, INC.) (Japan)
- Nikkiso Co., Ltd. (Japan)
- Medtronic (Ireland)
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/continuous-renal-replacement-therapy-crrt-market-102547
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2021 to 2028 CAGR | 7.8% |
| 2030 Value Projection | USD 1.76 Billion |
| Base Year | 2022 |
| Continuous Renal Replacement Therapy (CRRT) Market Size in 2022 | USD 1.01 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 140 |
| Segments covered | By Product Type, By Modality |
Drivers and Restraints:
Introduction of New Technologies to Spur Market Growth
The introduction of innovative products in Continuous Renal Replacement Therapy and improvements in membrane technology have greatly increased the adoption of CRRT products among patients suffering from AKI injury. This factor has surged the demand for CRRT to a great extent. Furthermore, the integration of data analytics into therapy delivery and the automation of prescription processes are other key factors promoting Continuous Renal Replacement Therapy (CRRT) market growth.
However, the existence of strict regulations governing the manufacturing and approval of CRRT systems is expected to create challenges in accessing these systems.
Segmentation:
Consumable Segment Dominated due to Low Prices Compared to CRRT Systems
On the basis of product type, the market for Continuous Renal Replacement Therapy is fragmented into consumables and systems. The consumables segment is further sub-segmented into replacement solutions, filters, catheters, dialysates, and others. The consumable segment held a dominant share due to the repetitive consumption, relatively lower prices, and frequent purchases of these products by patients undergoing AKI treatment.
Continuous Venovenous Hemodiafiltration Segment Gained Traction Propelled by its Ability to Replace Fluids and Solutes
In terms of modality, the market for Continuous Renal Replacement Therapy is divided into Continuous Venovenous Hemofiltration (CVVH), Continuous Venovenous Hemodialysis (CVVHD), Continuous Venovenous Hemodiafiltration (CVVHDF), and Slow Continuous Ultra Filtration (SCUF). The Continuous Venovenous Hemodiafiltration (CVVHDF) segment led the market due to its ability to replace fluids and solutes from the patient’s blood.
In terms of region, the market is categorized into Europe, North America, the Asia Pacific, Latin America and the Middle East & Africa.
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Report Coverage:
The report gives a comprehensive analysis of the leading factors favoring the industry growth over the coming years. It focuses on key aspects such as product type, modality, and leading companies. The report further provides insight into the major trends boosting the global business scenario. The impact of the COVID-19 pandemic on market growth is also included in the report.
Regional Insights:
North America Market Holds Dominating Share Due to Rising Demand for Therapy-related Products
The North America market accounts for a dominating position in the global Continuous Renal Replacement Therapy (CRRT) market share. This is driven by the rising demand for therapy-related products across the region.
The Asia Pacific market is likely to register fastest growth rate over the forecast period. The rise is impelled by the escalating demand for renal replacement therapy in the region.
Competitive Landscape:
Key Players Strike Partnerships to Increase Product Reach
In 2022, the market was led by Baxter, Fresenius Medical Care AG & Co. KGaA (Germany), and B Braun SE. Expansion of the product offerings and strategic partnerships amongst companies are some of the strategies implemented by these companies to widen their customer base. Medtronic, Asahi Kasei Medical Co., Ltd., Infomed SA, and others are also some of the players operating in the market.
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Table Of Contnets :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Epidemiology of Acute Kidney Failure by Key Countries, 2022
- Reimbursement Scenario for Key Countries
- New Product Launches, Key Players
- Key Industry Developments Mergers, Acquisitions, and Partnerships
- Impact of Covid-19 on the Market
- Global Continuous Renal Replacement Therapy Market Analysis, Insights and Forecast, 2019-2030
- Market Analysis, Insights and Forecast – By Product Type
-
-
- Systems
- Consumables
- Dialysates
- Replacement Solutions
- Filters (Hemofilters, Plasmafilters, etc.)
- Catheters
- Others
-
-
- Market Analysis, Insights and Forecast – By Modality
-
-
- Slow Continuous Ultra Filtration (SCUF)
- Continuous Venovenous Hemofiltration (CVVH)
- Continuous Venovenous Hemodialysis (CVVHD)
- Continuous Venovenous Hemodiafiltration (CVVHDF)
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-
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market Analysis, Insights and Forecast – By Region
- North America Continuous Renal Replacement Therapy Market Analysis, Insights and Forecast, 2019-2030
- Market Analysis, Insights and Forecast – By Product Type
-
-
- Systems
- Consumables
- Dialysates
- Replacement Solutions
- Filters (Hemofilters, Plasmafilters, etc.)
- Catheters
- Others
-
-
- Market Analysis, Insights and Forecast – By Modality
-
-
- Slow Continuous Ultra Filtration (SCUF)
- Continuous Venovenous Hemofiltration (CVVH)
- Continuous Venovenous Hemodialysis (CVVHD)
- Continuous Venovenous Hemodiafiltration (CVVHDF)
-
-
- Market Analysis, Insights and Forecast – By Country
-
-
- U.S.
- Canada
-
- Europe Continuous Renal Replacement Therapy Market Analysis, Insights and Forecast, 2019-2030
- Market Analysis, Insights and Forecast – By Product Type
-
-
- Systems
- Consumables
- Dialysates
- Replacement Solutions
- Filters (Hemofilters, Plasmafilters, etc.)
- Catheters
- Others
-
-
- Market Analysis, Insights and Forecast – By Modality
-
-
- Slow Continuous Ultra Filtration (SCUF)
- Continuous Venovenous Hemofiltration (CVVH)
- Continuous Venovenous Hemodialysis (CVVHD)
- Continuous Venovenous Hemodiafiltration (CVVHDF)
-
-
- Market Analysis, Insights and Forecast – By Country/ Sub-Region
-
-
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
-
Toc Continue…
FAQs :
How big is the Continuous Renal Replacement Therapy (CRRT) Market?
- The global Continuous Renal Replacement Therapy (CRRT) market size was valued at USD 1.01 billion in 2022. The market is anticipated to expand from USD 1.04 billion in 2023 to USD 1.76 billion by 2030, exhibiting a CAGR of 7.8% over the estimated period.
What are the key factors driving the Continuous Renal Replacement Therapy (CRRT) Market?
- The Growing number of ICU admissions, rapid advancements and launches of new technologies, and clinical advantage of CRRT over intermittent blood purification are the key drivers of the market.
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