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2021

Blood Purification Equipment Market

Blood Purification Equipment Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, Indication and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027

LS : Medical Devices & Supplies

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Author's: Snehal Manjrekar| Trupti Wadekar | Roshan Deshmukh
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Blood Purification Equipment Market Overview:

Blood purification is a technique that involves withdrawal of blood from patient’s body into a device or an equipment to remove impurities and pump it back intothe body. As blood purification plays a significant role in several kidney and blood related disorders, the market is supposedly to witness a considerable growth during the forecast period. Advancements in dialysis and filtration techniques coupled with adsorption procedures have positively impacted the adoption of these equipment in numerous critical treatments. Blood purification devices majorly find their usage in organ or renal failures, immune-metabolic disorders and plasmapheresis. The global blood purification equipment market size was evaluated at $14,627.56 million in 2019, and is estimated to garner $23,939.14 million by 2027, registering a CAGR of 5.6% during the forecast period.

 

Blood Purification Equipment Market

Surge in prevalence of metabolic & immune disorders such as kidney failures, increase in incidences of diabetes & hypertension, along with overall rise in geriatric population who are more susceptible to kidney related diseases across the globe are some of the factors anticipated to impel the growth of the blood purification equipment market. In addition, upsurge in advancements associated with blood purification techniques, hematology and pathophysiology of diseases is expected to further supplement the market growth in coming years. On the contrary, higher costs of the equipment and risks accompanying the blood purification procedures may hinder the growth of the blood purification equipment market in near future.

COVID-19 Impact

COVID-19 resulted in nationwide lockdowns and transport-trade restrictions, thereby impacting every industry vertical across the globe. Likewise, the blood purification equipment market is also affected by the pandemic. Theblood purification equipmentindustry was currently facing newer challenges to cope up with the demand and supply of blood purification components& consumables required for proper functioning of the equipment. In addition, inconsistent and interrupted supply chain activities and unavailability of human resources impacted the market growth rate further. On the other hand, COVID-19 is predicted to have a robust impact on the global blood purification equipment market growth. As the restrictions are easing globally, the market is expected to gain traction in coming years, owing to surge in R&D practices focused on potential uses of blood purification as a method to limit the transmission of COVID-19 infection. Several companies have approached the U.S. Food and Drug Administration (U.S. FDA) for filing emergency use authorization (EUA) in order to use their blood purification equipment for treating patients with COVID-19. Recently, in April 2020, Baxter International Inc. received a EUA for its Oxiris filter that is used in CRRT equipment, PrisMax and Prismaflex systems. The company is maximizing its production of blood purification machines and systems in order to address unprecedented surges in the demand for these blood purification devices in response to combat COVID-19. Therefore, the pandemic is projected to have a positive impact on the blood purification equipmentmarket growth.  

Product Type Segment Review

Based on product type, the market is bifurcated into portable and stationary. Portable segment is anticipated to be the largest growing segment over the analysis period. This is majorly attributed to the advantages offered by portable blood purification equipment such as lesser space utilization and ease of movement, especially in critical care units. Thus, these are most widely preferred by healthcare professionals for treating patients, thereby, supplementing the market growth.  

Blood Purification Equipment Market
By Product Type
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Portable segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Indication Segment Review

Based on indication, the blood purification equipment market can be divided into sepsis,renal diseases, and others.In 2019, the renal disease segment generated the highest revenue and is predicted to maintain its dominance throughout the forecast period owing to rise in incidences of renal disorders globally. For instance, as per data published by the International Society of Nephrology, in 2021, there are estimated to be approximately 13.3 million cases of acute kidney injury (AKI) each year and around 1.7 million deaths. Since dialysis plays a critical role in the treatment of kidney diseases, this has greatly stimulated the demand for extracorporeal blood purification techniques and dialysis treatments in AKI torestore metabolite balance in blood and decrease the manifestation of toxicosis, thereby driving the growth of the blood purification equipment market. 

Blood Purification Equipment Market
By Indication
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Renal Diseases segment is expected to be the most profitable segment in 2019.

End User Segment Review

Based on end user, the global blood purification equipment market is segmented into hospitals and clinics, dialysis centers and others.The dialysis centers held a dominant position in the end user segment in 2019. This growth is due to patient preference to receive dialysis treatments through services provided by dialysis centers. One of the advantages of in-center dialysis is that a patient does not require any medical training as healthcare professionals’ carry about majority of tasks making it convenient for patients by avoiding any errors during the treatment. However, treatments at dialysis centers require a longer commitment from patients as most of the time is spent at the centers during dialysis sessions. Thus, the number of dialysis patients across the world opting for blood purification procedures at dialysis centers is predicted to increase over the next few years, ultimately driving the growth of blood purification equipment market. 

Blood Purification Equipment Market
By End User
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Dialysis Centers segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

Region segment review

With increase in prevalence of CKDs and ESRDs among the Americans, the demand for dialysis is higher in the region. North America is expected to maintain its second dominant position during the forecast period due to the availability of technologically advanced equipment in critical care units, rise of awareness about blood purification processes among the patient population, and well-established healthcare infrastructure in the region. On the other hand, Asia-Pacific holds a major share in the market and represents lucrative opportunities for players operating in the blood purification equipment market, attributable to its large population base along with several chronic & lifestyle diseases and rapidly rising prevalence of ESRDs. For instance, as per data published by the American Society of Nephrology, in 2017, there were over 130,000 ESRD patients receiving dialysis in India alone and the prevalence of the disease is increasing by about 232 per million population. Likewise, Asia-Pacific is also burdened with chronic & lifestyle conditions such as hypertension, diabetes, chronic glomerulonephritis, and autoimmune diseases, owing to low gross domestic products in developing nations, lower monetary allocations for health care, and larger number of patients below the poverty line, resulting in suboptimal treatment outcomes. Overall, it is projected that the need for blood purification in developing countries of Asia-Pacific would rise sharply in the coming years, reaching higher levels than American and European countries. This is majorly attributed to larger number of undiagnosed patients with kidney related disorders and rise in market penetration by various pharmaceutical companies to reach the untapped regions for geographical expansion.

Blood Purification Equipment Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific was holding a dominant position in 2019 and would continue to maintain the lead over the analysis period.

Key players profiled in this report include Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International Inc., Fresenius SE and Co. KGaA, Healthwell Medical Tech. Co., Ltd., Infomed SA, Jafron Biomedical Co., Ltd., Kaneka Corporation, Nikkiso Co, ltd. and SWS Medical Group.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current blood purification equipmentmarkettrends and forecast estimations from 2019to 2027, which assists to identify the prevailing market opportunities. 

  • An in-depth blood purification equipmentmarket analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
  • The projections in this report are made by analyzing the current trends and future market potential from2020 to 2027, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the blood purification equipmentmarket are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the global blood purification equipmentmarket.

Blood Purification Equipment Market Report Highlights

Aspects Details
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By Product Type
  • Portable
  • Stationary
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By INDICATION
  • Sepsis
  • Renal Diseases
  • Others
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By END USER
  • Hospitals and Clinics
  • Dialysis Centers
  • Others
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By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

Infomed SA, Healthwell Medical Tech. Co., Ltd, Jafron Biomedical Co., Ltd, B. Braun Melsungen AG, Asahi Kasei Corporation, SWS Medical Group, Kaneka Corporation, Fresenius SE and Co. KGaA, Baxter International Inc, Nikkiso Co, ltd

Analyst Review

The growth of the global blood purification equipment market is primarily due to factors such as rise in prevalence of kidney related diseases such as end-stage renal diseases (ESRDs) and chronic kidney diseases (CKDs), advancements in blood purification technology, surge in awareness pertaining to hematology due to R&D activities, and increase in number of product approvals from the United States Food and Drug Administration(U.S. FDA) for treating patients with COVID-19. Moreover, the growth rate of the market is also supplemented by rising prevalence of diabetes and hypertension that may result in kidney disorders in elderly patients. However, lack of awareness of blood purification procedures & treatments in developing economies, higher cost of equipment and risks associated with blood purification are some of the factors hampering the growth of the market.

Furthermore, Asia-Pacificis expected to dominate the global blood purification equipment market in terms of revenue, and is anticipated to grow at a prominent CAGR during the forecast period.Although use of blood purification procedures in Europe and LAMEA is low, the adoption rate is expected to increase, owing to rise in disposable income, increase in the incidence rate of kidney failures, and presence of large geriatric population.

Author Name(s) : Snehal Manjrekar| Trupti Wadekar | Roshan Deshmukh
Frequently Asked Questions?

The total market value of Blood Purification Equipment Market is $14,627.56 million in 2019

The forecast period in the report is from 2020 to 2027

The market value of Blood Purification Equipment Market in 2020 was $16,338.98 Million

The base year for the report is 2019

Yes, Blood Purification Equipment companies are profiled in the report

"The top companies that hold the market share in Blood Purification Equipment Market are Nikkiso Co, Ltd., Baxter International, Inc., Kaneka Corporation and Fresenius SE and Co. KGaA

No, there is no value chain analysis provided in the Blood Purification Equipment Market report

The key trends in the Blood Purification Equipment Market are increase in number of CKD and ESRD patients worldwide and surge in incidences of diabetes and hypertension leading to kidney disorders

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Blood Purification Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027