The global Continuous Renal Replacement Therapy Market is anticipated to reach $xx Mn in 2027 from $xx Mn in 2020, at a CAGR of xx% during the forecast period.
Global Continuous Renal Replacement Therapy Market Overview & Dynamics:
Continuous renal replacement therapy (CRRT) is commonly used to provide renal support for critically ill patients with acute kidney injury, particularly to patients who are hemodynamically unstable. Acute kidney injury (AKI) is the sudden decrease in kidney function over a period of time, resulting in the accumulation of creatinine, urea, and other waste products. It may be associated with the retention of sodium and water and the development of metabolic disturbances, such as metabolic acidosis and hyperkalemia.
Rising incidences of diabetes and hypertension increase the risk of developing acute kidney injury (AKI), which fuels the continuous Renal Replacement Therapy market. According to data published by WHO in May 2019, 1.13 billion people are estimated to be suffering from hypertension, globally. The rise in elevated blood pressure rates is likely to affect the patient population in low and middle-income countries. Hypertension causes around 9.4 million deaths globally every year. It can affect AKI patients and may result in acute renal failure. This factor is propelling the demand for CRRT systems. Technological advances in the CRRT systems have resulted in a decline in mortality rate globally due to increased effectiveness. An increase in the geriatric population, which is more prone to developing AKI is anticipated to boost the market.
The report covers the detailed analysis of global Continuous Renal Replacement Therapy industry with the classifications of the market based on modality, product type, therapy and end-users. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.
The report has profiled fourteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Continuous Renal Replacement Therapy Market Regional Insights:
Global Continuous Renal Replacement Therapy Market
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Europe is expected to witness the lucrative market growth of xx% throughout the forecast period.
According to the regional analysis, Europe dominated the global CRRT market in 2018 by holding a share of $xx Mn and is expected to dominate during the forecast period, at a CAGR of xx%. This surge is expected due to the high prevalence of chronic kidney diseases caused due to changing lifestyle and food habits. Also, the presence of advanced healthcare infrastructure and growing emphasis on people for early diagnosis of diseases is fueling the market growth in the region. It has shown optimistic development due to high healthcare expenditure and increased awareness of kidney diseases. The rapidly increasing geriatric population is expected to elevate the European market share.
Asia Pacific is expected as the fastest growing region during forecast period at a CAGR of xx%.
The Asia Pacific will command the global market owing to the drivers like improved medical infrastructure, increased patient awareness, and a rise in disposable income. The market is anticipated to experience fast development in demand for CRRT in emerging countries such as China, India, and South Korea over the forecast period.
Global Continuous Renal Replacement Therapy Market Segment Analysis:
The CRRT market is segmented based on modality, product type, therapy, and end-users. The modality segment is further sub-segmented into slow continuous ultrafiltration (SCUF), Continuous venovenous haemofiltration (CVVH), Continuous venovenous hemodialysis (CVVHD), and Continuous venovenous haemodiafiltration (CVVHDF). Out of these, Continuous venovenous haemofiltration (CVVH) is expected to dominate a major share of the market. The CVVH is the most commonly preferred technique. The therapy is indicated for uremia, severe pH, or electrolyte imbalance with or without fluid overload. Ultrafiltration rate is high, and the replacement electrolyte solution is required to maintain hemodynamic stability. This treatment is also very effective for clearing mid-sized molecules and may play a role in improving outcomes in sepsis.
Based on the product type, the segment is divided into dialysate & replacement fluids, disposables, and systems. The disposables segment is anticipated to be dominant during the forecast period. Disposables are specific to every machine and are usually designed for a specific treatment modality. The disposables product segment is further divided into bloodline sets and Hemofilters. The low cost of disposables and the rise in dependency of physicians on disposables are propelling the segment. On the basis of therapy, it is sub-segmented as renal, non-renal and combination.
Global Continuous Renal Replacement Therapy Market1
On the basis of therapy, it is sub-segmented as renal, non-renal and combination.
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Global Continuous Renal Replacement Therapy Market Segmentation:
Global Continuous Renal Replacement Therapy Market, By Modality:
• Slow continuous ultrafiltration (SCUF)
• Continuous venovenous haemofiltration (CVVH)
• Continuous venovenous haemodialysis (CVVHD)
• Continuous venovenous haemodiafiltration (CVVHDF)
Global Continuous Renal Replacement Therapy Market, By Product Type:
• Dialysate & replacement fluids
Global Continuous Renal Replacement Therapy Market, By Therapy:
Global Continuous Renal Replacement Therapy Market, By End-Users:
• Dialysis centres
Key players operating in global Continuous Renal Replacement Therapy Market:
• Baxter International, Inc.
• Nipro Corporation
• Fresenius Medical Care AG & Co. KGaA
• Asahi Kasei Corporation
• B. Braun Melsungen AG
• Medica SPA
• INFOMED SA
• Medtronic (Bellco Società unipersonale a r.l.)
• Toray Medical Company Limited (Toray Industries, Inc.)
• Bellco S.R.L
• Nikkiso Co. Ltd.
• Nxstage medical
• Ningbo Tianyi Medical Appliance Co., Ltd
• Chongqing Shanwaishan Science and Technology Co., Ltd.
The report also helps in understanding Global Continuous Renal Replacement Therapy Market dynamics, structure by analyzing the market segments and project the Global Continuous Renal Replacement Therapy Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Continuous Renal Replacement Therapy Market make the report investor’s guide.
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