Blood Purification Devices Market Dynamics:
The rising number of patients suffering from Chronic Kidney diseases (CKD) and End Stage Renal Disease (ESRD) is one of the major reasons for driving the Blood Purification Devices market. As per research studies, chronic disease tends to affect about 10% of the world’s adult population. Several conditions comprising diabetes, hypertension, vascular disease, and glomerulonephritis are known to cause chronic renal disease. Even in low-income countries, besides the above-known causes, glomerulonephritis and interstitial nephritis are the major cause of most chronic kidney disease cases. According to this research, although CKD tends to affect certain age groups and sexes, it is more prevalent in the case of aged individuals, and various studies have estimated that the worldwide prevalence of CKD is 23-36% in people aged ≥64.In addition to the above data, the International Society of Nephrology stated that, worldwide, 850 million people were living with some form of kidney disease in 2022.
The increasing number of risk factors including diabetes, hypertension, and others associated with causing chronic kidney disease are going to assist in the growing demand for blood purification devices. The data published by International Diabetes Federation 2021 stated that around 537 million adults aged between 20 and 79 years were suffering from diabetes in 2021.
However, the high cost of blood purification equipment and the risks associated with blood purification procedures are expected to limit the market growth over the forecast period.
Blood Purification Devices Market Segment Analysis:
Blood Purification Devices Market by Product Type (Hemodialysis Device, Blood Filtration Device, Continuous Renal Replacement Therapy (CRRT) Device, Hemoperfusion Device, and Plasma Exchange Device), Type (Portable and Stationary), Application (Diagnostics and Therapeutics), End-User (Hospitals, Dialysis Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).In the type segment of the blood purification devices market, the portable blood purification devices category is anticipated to be the largest growing segment in the market. The reason is the advantages that are offered by the portable type of blood purification devices such as less utilization of space and ease related to movement of the devices, specifically in critical care units. Therefore, these are most likely preferred by healthcare professionals for the treatment of patients.
Portable blood purification devices can potentially improve the quality of patient life by allowing them to continue with their daily activities of life while undergoing dialysis as well as by loosening - or removing entirely - dietary and fluid restrictions and reducing pill burden. For instance, on March 12, 2022, Baxter announced the US FDA approval of the AK 98 Hemodialysis Machine. The latest technology provides a compact, portable, and easy-to-use system for dialysis providers. The machine has a stable base design which allows for easy concentrate or portable reverse osmosis storage and transportation of the machine. Due to the approval of such devices, the demand for portable devices is expected to rise in the future as they tend to offer better results in comparison to stationary blood purification devices. This will lead to the growth of the portable blood purification devices market.
North America is expected to dominate the overall Blood Purification Devices Market:
Among all the regions, North America is estimated to account for the largest share of the blood purification devices market. This domination is due to the rising prevalence of kidney disorders, and the rising population of patients suffering from lifestyle disorders such as obesity and hypertension. Moreover, extensive efforts in product developmental activities and the growing popularity of home-based dialysis devices are further expected to drive product demand in the North American region. In addition to the above-stated factors, the new product launches and approvals and the extensive coverage of procedural costs specifically in the United States are expected to further boost the market for blood purification devices in North America.As per the data cited by the Centers for Disease Control and Prevention (2023), about 15% of adults in the United States (accounting for approximately 37 million people) are estimated to have chronic kidney disease. According to further estimates presented by the source, women are slightly more affected by CKD as compared to men. CKD, over time, progresses to kidney failure thereby necessitating the need for dialysis. Therefore, the growing burden of kidney disorders indicated by the increase in patient population corresponds to the presence of a potential patient population that may require dialysis as a life-supporting therapy, thus positively influencing the product demand in the nation.
Additionally, another key factor that is thought to contribute to the increasing prevalence of kidney disorders is the surge in obesity in the country's population. For instance, as per the data provided by the CDC (2023), in 2017-2018, the obesity prevalence in the country was 42.4%. Obesity has been established as a formidable risk factor for the development of kidney disease. It has been studied that in patients affected by obesity, a compensatory mechanism of hyperfiltration is said to take place to meet the increased metabolic demands due to a gain in body weight. This can massively increase the intraglomerular pressure which may damage the kidney structure and escalate the risk of developing CKD in the long term.
Thus, the interplay of all the previous factors is likely to contribute to the market growth of blood purification devices in the United States as well as the North America region as a whole during the forecast period.
Blood Purification Devices Market Key Players:
Some of the key market players operating in the blood purification devices market include Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International Inc., Fresenius SE and Co. KGaA, Infomed SA, Jafron Biomedical Co., Ltd., Kaneka Corporation, Nikkiso Co, ltd. and SWS Medical Group, CytoSorbents Europe GmbH, Spectral Medical Inc., Haemonetics Corporation, Medtronic, Cerus Corporation, ExThera Medical Corporation and others.Blood Purification Devices Market Recent Developmental Activities:
- In December 2022, Medtronic launched the first neonatal dialysis machine in the US.
- In June 2022, the New York-based startup, Qidni Labs, a company pursuing waterless and mobile blood purification systems, announced that they are looking forward to human trials in 2022 following a successful animal study.
- In March 2022, Baxter received FDA clearance for its latest, portable dialysis machine designed to connect directly with electronic medical records for patients’ prescriptions and treatment data.
Key Takeaways from the Blood Purification Devices Market Report Study
- Market size analysis for current market size (2023), and market forecast for 6 years (2024 to 2030)
- Top key product/services/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
- Key companies dominating the global blood purification devices market.
- Various opportunities available for the other competitor in the blood purification devices market space.
- What are the top-performing segments in 2023? How these segments will perform in 2030?
- Which are the top-performing regions and countries in the current market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for market growth in the coming future?
Target Audience who can be benefited from this Blood Purification Devices Market Report Study
- Blood Purification Devices providers
- Research organizations and consulting companies
- Blood Purification Devices-related organizations, associations, forums, and other alliances
- Government and corporate offices
- Start-up companies, venture capitalists, and private equity firms
- Distributors and Traders
- Various End-users who want to know more about the blood purification devices market and the latest technological developments in the blood purification devices market.
Frequently Asked Questions for Blood Purification Devices Market:
1. What are Blood Purification Devices?
Blood Purification is a procedure that involves the withdrawal of blood from the patient’s body into a device or equipment to eliminate the impurities and pump them back into the body. The blood purification devices are similar to that of dialysis equipment. These devices use thin fibers for capturing and removing viruses and help in filtering blood.2. What is the market for blood purification devices?
The blood purification devices market was valued at USD 4.90 billion in 2023, growing at a CAGR of 4.19% during the forecast period from 2024 to 2030, to reach USD 6.27 billion by 2030.3. What are the drivers for blood purification devices?
The major drivers driving the demand for global blood purification devices are the increase in the number of chronic kidney disease and end-stage renal disease patients, the increasing number of cases of hypertension and diabetes leading to kidney disorders, technological advancements in hemodialysis, the rise in the number of product approvals by FDA and increase in adoption of blood purification equipment.4. Who are the key players operating in the global blood purification devices?
Some of the key market players operating in the blood purification devices market include Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International Inc., Fresenius SE and Co. KGaA, Infomed SA, Jafron Biomedical Co., Ltd., Kaneka Corporation, and others.5. Which region has the highest share in the blood purification devices market?
North America is expected to dominate the overall blood purification devices during the forecast period, 2024 to 2030. This domination is due to the rising prevalence of CKD and ESRD in patients along with the increased awareness regarding blood purification devices and the rapid expansion of healthcare infrastructure.This product will be delivered within 2 business days.
Table of Contents
1. Blood Purification Devices Market Report Introduction
2. Blood Purification Devices Market Executive Summary
4. Regulatory Analysis
5. Blood Purification Devices Key Factors Analysis
6. Blood Purification Devices Porter’s Five Forces Analysis
7. Blood Purification Devices Market Assessment
8. Blood Purification Devices Company and Product Profiles
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Asahi Kasei Corporation
- B. Braun Melsungen AG
- Baxter International Inc.
- Fresenius SE and Co. KGaA
- Infomed SA
- Jafron Biomedical Co., Ltd.
- Kaneka Corporation