Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Executive Summary
The Global Blood Purification Devices Market was valued at USD 13.65 billion in the year 2021. This market has expanded as a result of numerous developments in the absorption, filtration, and dialysis processes. Due to the inclusion of these devices in numerous essential therapies, the market for blood-purifying devices is expanding.
Based on the type segment, the portable equipment segment is expected to hold the largest share in Blood Purification Devices in the year 2028. Professionals that are actively involved in the ongoing purification of blood tend to favour portable equipment. Equipment that is portable enables effective emergency care. Additionally, portable equipment is rather space-efficient and compact, which promotes widespread use throughout the blood-purification process. In a manner similar to how dialysis is used to treat kidney failure, the device takes contaminated blood from the body, separates harmful substances, and then returns clean blood to the body.
Americas region is estimated to hold the maximum share in global Blood Purification Devices followed by Europe & APAC. Also, the Asia Pacific is expected to witness the fastest growth rate during the forecast period due to the presence of most populated countries such as China & India holding potential factors for the market to grow. Leaders in the area have decided to invest in technological advancements to make renal replacement treatment more widely used as a result of a noticeable increase in the number of people requiring chronic dialysis. The use of dialysis technology is projected to increase as a result of clinical procedures and R&D initiatives.
One of the main factors propelling the market expansion is the rising incidence of immunological, metabolic, and kidney-related illnesses in different parts of the world. Additionally, the ageing population, which is increasingly vulnerable to diseases including diabetes, hypertension, and renal failure, is fueling market expansion. Other growth-promoting elements include a variety of product breakthroughs, such as the creation of equipment with biofeedback loops and the ability to provide customized dialysis treatments.
Over the past two decades, the need for blood purification therapy has grown significantly. It is now utilized more frequently to treat a variety of illnesses that cannot be treated by traditional therapies including surgery and drug administration. One of the main elements anticipated to significantly increase the growth of the blood purification equipment market during the projected period is the advancement of bioseparation techniques, including filtration, dialysis, and adsorption. Blood purification therapies are increasingly being used in many parts of the world because to their high degree of effectiveness in the quick and direct elimination of harmful agents.
Scope of the Report
• The report presents the analysis of the Blood Purification Devices market for the historical period of 2018-2021, the estimated year 2022 and the forecast period of 2023-2028.
• The report analyses the Blood Purification Devices Market by Value (USD Million).
• The report analyses the Blood Purification Devices Market by Type (Portable, Stationary).
• The report analyses the Blood Purification Devices Market by Application - (Continuous Blood Purification, Hemodialysis, Hemoperfusion).
• The report analyses the Blood Purification Devices Market by End Users - (Hospitals & Clinics, Dialysis Centres, Others).
• The Global Blood Purification Devices Market has been analysed by countries (United States, Canada, Brazil, United Kingdom, Germany, France, China, Japan, India, South Korea).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Location and Product.
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Baxter International, Cerus Corporation, Cytosorbents Corporation, Nikkiso Co.Ltd, Asahi Kasei Corporation, Aethlon Medical, Haemonetics, Jafron, B. Braun, Fresenius).
Key Target Audience
• Blood Purification Devices Manufacturers
• Healthcare and Pharmaceutical Companies
• Consulting and Advisory Firms
• Government and Policy Makers
• Regulatory Authorities
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