The Blood Purification Equipment Market is anticipated to grow rapidly in the upcoming years, with a predicted valuation of $21.08 billion by 2031 and a consistent compound annual growth rate (CAGR) of 5.5% from 2021 to 2031. This growth is primarily caused by a number of important factors, such as the rising geriatric population, the prevalence of blood-related diseases, technological advancements in blood purification equipment, rising healthcare spending, the increasing use of home-based healthcare, and the elevated health consciousness brought on by the ongoing COVID-19 pandemic.
Globally, blood-related illnesses such autoimmune diseases, sepsis, and kidney abnormalities are on the rise. The demand for blood purification equipment, which is essential for removing toxins and pollutants from the blood, has increased as a result of the rise in illness prevalence. The demand for efficient blood purification technology is anticipated to increase as the prevalence of these disorders rises, propelling market expansion.
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The world's population is rapidly transitioning to an older generation. Age-related illnesses and chronic problems, like renal disease and cardiovascular disorders, are becoming more common due to the growing senior population. To control and treat these disorders, blood purifying equipment is essential. The need for blood purification technology is anticipated to increase steadily as the elderly population grows.
Equipment for blood purification has become more effective and efficient thanks to technological improvements. The landscape of blood purification has changed as a result of innovations like enhanced filtration processes, dialysis equipment, and portable and home-based blood purifying systems. These technological developments have improved patient outcomes while also making blood purifying procedures more convenient and accessible.
Another important factor influencing market expansion is the increased acceptance of home-based healthcare and the rising healthcare expenditures across the globe. By allowing patients to get care in the convenience of their own homes, home-based blood purifying systems help patients avoid making frequent trips to the hospital. The acceptance and demand for blood purifying equipment will rise as a result of this trend, which is especially advantageous for patients who need long-term blood purification therapies.
The COVID-19 pandemic has also raised people's awareness of their own health, which has increased the necessity of preventive healthcare and a strong immune system. As a result, there is a greater need for and awareness of blood purification technology, which is essential for eliminating toxins and other impurities from the bloodstream and enhancing general health and wellbeing.
Highlighted with 81 tables and 76 figures, this 154-page report “Global Blood Purification Equipment Market 2021-2031 by Product (Hemodialysis, Blood Filtration, CRRT, Hemoperfusion, Plasma Exchange Device), Portability (Portable, Stationary), Indication (Renal Diseases, Sepsis, Others), End User (Hospitals and Clinics, Dialysis Centers, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global blood purification equipment market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and the Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global luxury packaging market in every aspect of the classification from perspectives of Material, Industry, and Region.
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Based on Portability, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Portable Equipment
Stationary Equipment
Based on Indication, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Renal Diseases
Sepsis
Other Indications
Based on End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
Hospitals and Clinics
Dialysis Centers
Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Portability, Indication, and End User over the forecast years are also included.
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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aethlon Medical, Inc.
Asahi Kasei Corporation
Braun Melsungen AG
Baxter International Inc.
Cerus Corporation
CytoSorbents Corporation
Fresenius SE and Co. KGaA
Healthwell Medical Tech. Co., Ltd.
Infomed SA
Jafron Biomedical Co., Ltd.
Kaneka Corporation
Nikkiso Co., Ltd.
Spectral Medical Inc.
SWS Medical Group
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