PUBLISHER: The Insight Partners | PRODUCT CODE: 1873997
PUBLISHER: The Insight Partners | PRODUCT CODE: 1873997
Blood Purification Equipment Market
The blood purification equipment market is anticipated to grow from US$ 13.10 billion in 2024 to US$ 20.76 billion by 2031, reflecting a compound annual growth rate (CAGR) of 6.80% during the period from 2031 to 2031. Key trends driving this market include ongoing technological advancements in blood purification equipment.
Analysis of the Blood Purification Equipment Market
Blood purification equipment employs cutting-edge technologies such as hemodialysis, hemofiltration, and plasmapheresis to efficiently filter and cleanse blood, ensuring the proper functioning of essential organs and enhancing patient outcomes. As the healthcare sector evolves, the demand for innovative blood purification solutions is expected to rise.
Overview of the Blood Purification Equipment Market
In 2023, the Asia Pacific region emerged as the fastest-growing area in the global blood purification equipment market, with expectations for continued rapid growth from 2023 to 2031. Countries like China and Japan dominate this market segment. Contributing factors include a high prevalence of chronic kidney disease patients, an increasing number of market players, and advancements in blood purification technology. For instance, in January 2022, Kaneka Corporation, based in Minato-ku, Tokyo, announced plans to build a new medical device manufacturing facility in the Tomakomai Tohbu Industrial Area in Hokkaido, Japan, with an investment of approximately 10 billion yen (US$ 64.01 million). This facility, set to begin operations in May 2024, will feature advanced automation to improve manufacturing efficiency and productivity, catering to the growing global demand and supporting Kaneka's international expansion.
Countries such as Australia, India, and South Korea are expected to present various growth opportunities due to advancements in their healthcare sectors and increasing healthcare spending.
Strategic Insights
Drivers and Opportunities in the Blood Purification Equipment Market
Increasing Incidence of Chronic Kidney Diseases to Boost Market Growth
Chronic kidney disease (CKD) is a condition where the kidneys are unable to filter blood effectively, leading to the accumulation of excess fluid and waste in the body, which can result in serious health issues like heart disease and stroke. CKD typically progresses over time, often necessitating dialysis to filter and purify the blood using external machines known as hemodialysis devices, which represent a significant portion of the blood purification equipment market.
Moreover, the rising prevalence of diabetes has heightened the risk of renal diseases. According to the International Diabetes Federation (IDF), approximately 537 million adults globally were living with diabetes in 2021, a figure projected to rise to 643 million by 2030 and 783 million by 2045.
Growth Potential in Emerging Markets
Emerging economies such as India, China, Hong Kong, Indonesia, Malaysia, Singapore, South Korea, and Thailand have experienced rapid and consistent growth compared to many high-income countries, driven by improvements in healthcare facilities and technological advancements. The American Society of Nephrology reports that dialysis patient survival rates are notably high in Japan, attributed to better patient care and comprehensive drug coverage through health insurance.
In India, the National Health Mission (NHM) provides free dialysis treatment for patients from below-poverty-line (BPL) backgrounds. Additionally, state governments are forming Public-Private Partnerships for hemodialysis services, where private entities supply medical personnel, dialysis machines, Reverse Osmosis (RO) water plants, and consumables within district hospitals.
These factors are expected to create favorable conditions for the growth of the blood purification equipment market from 2023 to 2031.
Segmentation Analysis of the Blood Purification Equipment Market
The blood purification equipment market is segmented by product and end user.
- The market is categorized by product into hemodialysis devices, blood filtration devices, continuous renal replacement therapy (CRRT) devices, hemoperfusion devices, and plasma exchange devices, with the hemodialysis device segment holding the largest market share in 2023.
By end user, the market is divided into medical centers, hospitals, and others, with hospitals representing the largest market share in 2023.
Geographical Market Share Analysis
The blood purification equipment market report is divided into five regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.
North America commands the largest share of the blood purification equipment market, particularly in the US, Canada, and Mexico. The US is expected to maintain a significant share in 2023, driven by advancements in blood purification procedures and a well-established healthcare infrastructure equipped with advanced technologies. The country is also witnessing a rise in cases of acute kidney injury (AKI), multiple organ dysfunction syndrome, sepsis, and end-stage renal disease.
Scope of the Blood Purification Equipment Market Report
Recent Developments in the Blood Purification Equipment Market
The blood purification equipment market analysis is based on qualitative and quantitative data collected from primary and secondary research, including corporate publications, association data, and databases. Notable developments in the market include:
- Kaneka Corporation received approval for its adsorption-type blood purification device, Rheocarna, designed to treat severe arteriosclerosis obliterans (ASO) leading to lower limb ulcers, with a planned launch in spring 2021 after health insurance coverage. (Source: Kaneka Corporation, Press Release, 2020)
- Braun Avitum AG and CytoSorbents Corporation entered a global co-marketing agreement to promote the OMNI Continuous Blood Purification Platform alongside CytoSorb, aimed at providing critically ill patients with improved access to advanced treatments for severe inflammation. (Source: Braun Avitum AG, Press Release, 2021)
Coverage and Deliverables of the Blood Purification Equipment Market Report
The report titled "Blood Purification Equipment Market Size and Forecast (2021-2031)" offers a comprehensive analysis of the market, covering the following areas:
- Market size and forecast for blood purification equipment at global, regional, and country levels across all key segments.
- Market trends and dynamics, including drivers, restraints, and key opportunities.
- Detailed PEST/Porter's Five Forces and SWOT analysis.
- Market analysis highlighting key trends, global and regional frameworks, major players, regulations, and recent developments.
- Industry landscape and competitive analysis, including market concentration, heat map analysis, key players, and recent developments in the blood purification equipment market.
- In-depth company profiles.
Table Of Contents
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Global Blood Purification Equipment Market and By Product
- 1.3.2 Global Blood Purification Equipment Market and By End User
- 1.3.3 Global Blood Purification Equipment Market and By Geography
2. Blood Purification Equipment Market and Key Takeaways
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Blood Purification Equipmentand Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 Blood Purification Equipment Market - North America PEST Analysis
- 4.2.2 Blood Purification Equipment Market - Europe PEST Analysis
- 4.2.3 Blood Purification Equipment Market and Asia Pacific PEST Analysis
- 4.2.4 Blood Purification Equipment Market and Middle East and Africa PEST Analysis
- 4.2.5 Blood Purification Equipment Market and South and Central America PEST Analysis
- 4.3 Expert Opinion
5. Blood Purification Equipmentand Key Market Dynamics
- 5.1 Key Market Drivers
- 5.1.1 Increasing Prevalence of Chronic Kidney Diseases
- 5.1.2 Technological Advancements in Hemodialysis
- 5.1.3 Rising Adoption of Home Based Healthcare
- 5.2 Key Market Restraints
- 5.2.1 High Cost of Blood Purification
- 5.2.2 Risks Associated with Blood Purification
- 5.3 Key Market Opportunities
- 5.3.1 Growth Opportunities Among Emerging Economies
- 5.4 Future Trends
- 5.4.1 Development in Blood Purification equipment
- 5.5 Impact Analysis
6. Blood Purification Equipment Market and Global Analysis
- 6.1 Global Blood Purification Equipment Market Revenue Forecasts And Analysis
- 6.2 Global Blood Purification Equipment Market, By Geography - Forecasts And Analysis
- 6.3 Positioning Of Key Players
7. Blood Purification Equipment Market Analysis And Forecasts To 2031 and Product
- 7.1 Overview
- 7.2 Global Blood Purification Equipment Market, By Product 2018 and 2031 (%)
- 7.3 Continuous Renal Replacement Therapy (CRRT) Device Market
- 7.3.1 Overview
- 7.3.2 Global Continuous Renal Replacement Therapy (CRRT) Device Market Revenue and Forecasts to 2031 (US$ Mn)
- 7.4 Hemoperfusion Device Market
- 7.4.1 Overview
- 7.4.2 Global Hemoperfusion Device Market Revenue and Forecasts to 2031 (US$ Mn)
- 7.5 Plasma Exchange Device Market
- 7.5.1 Overview
- 7.5.2 Global Plasma Exchange Device Market Revenue and Forecasts to 2031 (US$ Mn)
- 7.6 Hemodialysis Device Market
- 7.6.1 Overview
- 7.6.2 Global Hemodialysis Device Market Revenue and Forecasts to 2031 (US$ Mn)
- 7.7 Blood Filtration Device Market
- 7.7.1 Overview
- 7.7.2 Global Blood Filtration Device Market Revenue and Forecasts to 2031 (US$ Mn)
8. Global Blood Purification Equipment Market Analysisand By End User
- 8.1 Overview
- 8.2 Global Blood Purification Equipment Market, By End User 2018 and 2031 (%)
- 8.3 Hospitals Market
- 8.3.1 Overview
- 8.3.2 Global Hospitals Market Revenue and Forecasts to 2031 (US$ Mn)
- 8.4 Ambulatory Surgical Centres Market
- 8.4.1 Overview
- 8.4.2 Global Ambulatory Surgical Centres Market Revenue and Forecasts to 2031 (US$ Mn)
- 8.5 Others Market
- 8.5.1 Overview
- 8.5.2 Global Others Market Revenue and Forecasts to 2031 (US$ Mn)
9. Blood Purification Equipment Market Revenue And Forecasts To 2031 and Geographical Analysis
- 9.1 North America Blood Purification Equipment Market Revenue and Forecasts To 2031
- 9.1.1 Overview
- 9.1.2 North America Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.1.3 North America Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.1.4 North America Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.1.5 North America Blood Purification Equipment Market Revenue and Forecasts to 2031, By Country (%)
- 9.1.6 US Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.1.6.1 US Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.1.6.2 US Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.1.6.3 US Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.1.7 Canada Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.1.7.1 Canada Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.1.7.2 Canada Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.1.7.3 Canada Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.1.8 Mexico Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.1.8.1 Mexico Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.1.8.2 Mexico Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.1.8.3 Mexico Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.2 Europe Blood Purification Equipment Market Revenue and Forecasts To 2031
- 9.2.1 Overview
- 9.2.2 Europe Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.3 Europe Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.2.4 Europe Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.2.5 Europe Blood Purification Equipment Market Revenue and Forecasts to 2031, By Country (%)
- 9.2.6 Germany Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.6.1 Germany Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.6.2 Germany Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.2.6.3 Germany Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.2.7 UK Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.7.1 UK Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.7.2 UK Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.2.7.3 UK Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.2.8 France Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.8.1 France Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.8.2 France Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.2.8.3 France Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.2.9 Spain Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.9.1 Spain Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.9.2 Spain Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.2.9.3 Spain Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.2.10 Italy Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.10.1 Italy Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.2.10.2 Italy Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.2.10.3 Italy Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.3 Asia Pacific Blood Purification Equipment Market Revenue and Forecasts To 2031
- 9.3.1 Overview
- 9.3.2 Asia Pacific Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.3 Asia Pacific Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.3.4 Asia Pacific Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.3.5 Asia Pacific Blood Purification Equipment Market Revenue and Forecasts to 2031, By Country (%)
- 9.3.6 China Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.6.1 China Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.6.2 China Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.3.6.3 China Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.3.7 Japan Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.7.1 Japan Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.7.2 Japan Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.3.7.3 Japan Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.3.8 India Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.8.1 India Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.8.2 India Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.3.8.3 India Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.3.9 South Korea Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.9.1 South Korea Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.9.2 South Korea Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.3.9.3 South Korea Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.3.10 Australia Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.10.1 Australia Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.3.10.2 Australia Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.3.10.3 Australia Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.4 Middle East and Africa Blood Purification Equipment Market Revenue and Forecasts To 2031
- 9.4.1 Overview
- 9.4.2 Middle East and Africa Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4.3 Middle East and Africa Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.4.4 Middle East and Africa Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.4.5 Middle East and Africa Blood Purification Equipment Market Revenue and Forecasts to 2031, By Country (%)
- 9.4.6 South Africa Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4.6.1 South Africa Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4.6.2 South Africa Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.4.6.3 South Africa Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.4.7 Saudi Arabia Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4.7.1 Saudi Arabia Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4.7.2 Saudi Arabia Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.4.7.3 Saudi Arabia Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.4.8 UAE Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4.8.1 UAE Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.4.8.2 UAE Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.4.8.3 UAE Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.5 South and Central America Blood Purification Equipment Market Revenue and Forecasts To 2031
- 9.5.1 Overview
- 9.5.2 South and Central America Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.5.3 South and Central America Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.5.4 South and Central America Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.5.5 South and Central America Blood Purification Equipment Market Revenue and Forecasts to 2031, By Country (%)
- 9.5.6 Brazil Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.5.6.1 Brazil Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.5.6.2 Brazil Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.5.6.3 Brazil Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
- 9.5.7 Argentina Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.5.7.1 Argentina Blood Purification Equipment Market Revenue and Forecasts to 2031 (US$ Mn)
- 9.5.7.2 Argentina Blood Purification Equipment Market Revenue and Forecasts to 2031, By Product (US$ Mn)
- 9.5.7.3 Argentina Blood Purification Equipment Market Revenue and Forecasts to 2031, By End User (US$ Mn)
10. Blood Purification Equipment Market Industry Landscape
- 10.1 Overview
- 10.2 Growth Strategies In The Blood Purification Equipment Market, 2016-2019
- 10.3 Organic Developments
- 10.3.1 Overview
- 10.3.2 Organic Growth Strategies In The Blood Purification Equipment Market, 2016-2019
- 10.4 Inorganic Developments
- 10.4.1 Overview
- 10.4.2 Inorganic Growth Strategies In The Blood Purification Equipment Market, 2016-2019
11. Blood Purification Equipment MarketandKey Company Profiles
- 11.1 CytoSorbents Corporation
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Financial Overview
- 11.1.4 Product Portfolio
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Fresenius Medical Care (NxStage Medical, Inc)
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Financial Overview
- 11.2.4 Product Portfolio
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Spectral Medical Inc.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Financial Overview
- 11.3.4 Product Portfolio
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Baxter International Inc.
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Financial Overview
- 11.4.4 Product Portfolio
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 B. Braun Melsungen AG
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Financial Overview
- 11.5.4 Product Portfolio
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Haemonetics Corporation
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Financial Overview
- 11.6.4 Product Portfolio
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Nikkiso Co., Ltd.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Financial Overview
- 11.7.4 Product Portfolio
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Medtronic plc (Bellco)
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Financial Overview
- 11.8.4 Product Portfolio
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Kaneka Medix Corp
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Financial Overview
- 11.9.4 Product Portfolio
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Jafron Biomedical Co., Ltd.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Financial Overview
- 11.10.4 Product Portfolio
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
