Selbyville, Delaware, April 26, 2021 (GLOBE NEWSWIRE) -- According to experts analysts, worldwide blood purification equipment market size, worth USD 14.6 billion in 2019, is projected to register an appreciable CAGR of 5.6% during 2020-2027 and reach a valuation of USD 22.6 billion end of the stipulated timeframe.
The research literature offers in-depth studies of sub-markets, based on product, indication, and end-user scope, across the various regional markets for a stronger realization of the top revenue prospects. Proceeding further, it presents a 360-degree outlook of the competitive arena, profiling the prominent players in this vertical with respect to their product & service offerings, financials, and strategic developments like partnerships, mergers, and investments.
Growing prevalence of diabetes, immune disorders, and kidney and vascular diseases is the primary growth driver of the industry. In fact, International Diabetic Federation claims that global adult population with diabetes was approximately 415 million in 2015, and this figure is anticipated to spike to about 548 million by 2030.
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Citing another instance, 753 million individuals were suffering from chronic kidney disease in 2016 worldwide, of which 417 million were females and 336 million males. Moreover, this ailment claimed around 1.2 million lives in 2015, according to credible sources. In addition to the rising burden of such diseases, technological advancements in medical devices is expected to boost global blood purification equipment industry growth in the upcoming years.
For the uninitiated, blood purification is a procedure wherein blood is extracted from the patient’s body into a device or equipment to eradicate impurities and pump it back into the body, making this process critical in treatment or management of various kidney and blood-related disorders.
Although the demand in the market is surging, factors such as high product cost, and health safety risks regarding blood purification techniques are negatively impacting the business dynamics.
Regional landscape overview
Key geographies pivotal to global blood purification equipment market expansion are North America, Latin America, Asia Pacific and Europe. Among these, North America currently accounts for majority of the industry share and will likely accrue strong returns in the upcoming years. Growing patient awareness about blood purification techniques and strong presence of market vendors are contributing to the industry growth in this region.
Meanwhile, Asia Pacific blood purification equipment industry size is set to multiply at a robust pace, creditable to proliferating cases of chronic kidney diseases and other blood-related diseases, and ongoing development of healthcare infrastructure in emerging economies like India and China.
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Global Blood Purification Equipment Market Product Type Sub-Segments (Revenue, USD Billion, 2017-2027)
- Stationary
- Portable
Global Blood Purification Equipment Market Indication Sub-Segments (Revenue, USD Billion, 2017-2027)
- Renal Diseases
- Sepsis
- Others
Global Blood Purification Equipment Market End-User Sub-Segments (Revenue, USD Billion, 2017-2027)
- Dialysis Centers
- Hospitals and Clinics
- Others
Global Blood Purification Equipment Market Regional Segmentation (Revenue, USD Billion, 2017-2027)
North America
- United States
- Canada
Europe
- United Kingdom
- France
- Italy
- Germany
- Spain
- Rest of Europe
Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest of APAC
Latin America
- Mexico
- Brazil
Rest of the World
Global Blood Purification Equipment Market Company Profiles (Revenue, USD Billion, 2017-2027)
- Kaneka Corporation
- Fresenius SE & Co., KGaA
- SWS Medical Group
- Jafron Biomedical Co., Ltd.
- Healthwell Medical Tech. Co., Ltd.
- Asahi Kasei Corporation
- Nikkiso Co., Ltd.
- Baxter International, Inc.
- B. Braun Melsungen AG
- Infomed SA
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Blood Purification Equipment Market, by Region, 2018-2027 (USD Billion)
1.2.2. Blood Purification Equipment Market, by Product Type, 2018-2027 (USD Billion)
1.2.3. Blood Purification Equipment Market, by Indication, 2018-2027 (USD Billion)
1.2.4. Blood Purification Equipment Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Blood Purification Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Blood Purification Equipment Market Dynamics
3.1. Blood Purification Equipment Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Blood Purification Equipment Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Blood Purification Equipment Market, by Product Type
5.1. Market Snapshot
5.2. Global Blood Purification Equipment Market by Product Type, Performance - Potential Analysis
5.3. Global Blood Purification Equipment Market Estimates & Forecasts by Product Type 2017-2027 (USD Billion)
5.4. Blood Purification Equipment Market, Sub Segment Analysis
5.4.1. Portable
5.4.2. Stationary
Chapter 6. Global Blood Purification Equipment Market, by Indication
6.1. Market Snapshot
6.2. Global Blood Purification Equipment Market by Indication, Performance - Potential Analysis
6.3. Global Blood Purification Equipment Market Estimates & Forecasts by Indication 2017-2027 (USD Billion)
6.4. Blood Purification Equipment Market, Sub Segment Analysis
6.4.1. Sepsis
6.4.2. Renal Diseases
6.4.3. Others
Chapter 7. Global Blood Purification Equipment Market, by End-User
7.1. Market Snapshot
7.2. Global Blood Purification Equipment Market by End-User - Potential Analysis
7.3. Global Blood Purification Equipment Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Blood Purification Equipment Market, Sub Segment Analysis
7.4.1. Hospitals and Clinics
7.4.2. Dialysis Centers
7.4.3. Others
Chapter 8. Global Blood Purification Equipment Market, Regional Analysis
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