Blood Purification Equipment Market Size, Share, Trends, Growth, Consumption, Revenue, Company Analysis and Forecast 2020-2027

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

The global blood purification equipment market size surpassed US$ 10.2 Bn in 2019 and to reach US$ 22.6 billion by 2027 with a CAGR of 7.3% from 2020 to 2027.

Rise in prevalence of diabetes and high blood pressure resulting in chronic kidney diseases and favorable reimbursement policies are anticipated to drive the global blood purification equipment market from 2020 to 2030. North America is expected to account for significant share of the global blood purification equipment market during the forecast period. This can be attributed to the growth of the market in the U.S., owing to strong presence of market players and increase in patient population suffering from acute kidney disease and sepsis. Additionally, technological advancements and focus of market players on the development of cost-effective equipment for blood purification is likely to boost the market in the country.

Moreover, increase in the number of people suffering from COVID-19 infections and rise in number of people reaching the critical phase requiring blood purification contribute to North America’s dominance of the global blood purification equipment market during the forecast period. The market in Asia Pacific is projected to expand at a high CAGR of 8.1% from 2020 to 2030. This can be ascribed to the growth of the healthcare sector in countries such as China, Japan, and India. Moreover, increase in the geriatric population, rise in the number of people suffering from kidney diseases, and focus of leading players on strengthening presence in the emerging markets are anticipated to propel the market in the region during the forecast period.

Favorable Government Reimbursement Policies to Propel Market

Governments of various countries across the world provide reimbursement for dialysis procedures. The total government expenditure is US$ 57.1 Bn per year for approximately 2,600,000 patients on dialysis across the world. According to recent studies, Medicare reimburses around US$ 240 to US$ 255 per dialysis treatment. Medicare’s spending on kidney failure patients stood at US$ 35 Bn in 2016. Hemodialysis care costs the Medicare system an average of US$ 90,000 per patient annually in the U.S. for a total of US$ 28 Bn. Few countries in Asia Pacific also have reimbursement policies for dialysis procedures for patients suffering from chronic kidney diseases. For instance, the Government of South Korea reimburses 90% of the total dialysis cost. The Government of Japan provides 100% reimbursement to patients for dialysis procedures. Hence, favorable reimbursement schemes in various countries help patients to meet the high expenses involved with dialysis procedures, which is expected to drive the global blood purification equipment market during the forecast period.

Dialysis to Dominate Market

In terms of type, the global blood purification equipment market has been divided into dialysis, CRRT, hemoperfusion, and others (plasma exchange and immunoadsorption). High cost of the devices, increase in the number of dialyzers sold annually, and rise in prevalence of kidney diseases among the population are likely to propel the segment during the forecast period.

Portable to be Highly Attractive Product Type

Based on product type, the global blood purification equipment market has been bifurcated into portable and stationary. The portable segment is projected to dominate the global blood purification equipment market during the forecast period due to a number of advantages, including the ease of movement and less space utilized, and preferred by professionals for continuous blood purification process.

High Prevalence Rate of Acute Kidney Injury to Drive Market

In terms of application, the global blood purification equipment market has been classified into sepsis, COVID-19, infectious diseases, acute kidney injury, and others. The acute kidney injury segment is anticipated to dominate the global blood purification equipment market during the forecast period due to increase in the global burden of acute kidney injury (AKI). According to BMC Nephrology, around 13.3 million people across the world are estimated to be affected by acute kidney injury (AKI) annually, 85% of these live in developing countries.

Dialysis Centers to be Major End Users

Based on end user, the global blood purification equipment market has been categorized into hospitals & clinics, dialysis centers, and others. The dialysis centers segment is expected to constitute significant share of the global blood purification equipment market by 2030. The segment dominated the global market owing to rise in prevalence of chronic kidney disease (CKD) and increase in number of dialysis centers across the globe.

Key Segments

  • In terms of type, the global blood purification equipment market has been classified into dialysis, CRRT, hemoperfusion, and others (plasma exchange, immunoadsorption, etc.). The dialysis segment held major share of the global blood purification equipment market in 2019.
  • Based on product type, the global blood purification equipment market has been bifurcated into portable and stationary. The portable segment is projected to dominate the global blood purification equipment market from 2020 to 2030.
  • In terms of application, the global blood purification equipment market has been divided into sepsis, COVID-19, infectious diseases, acute kidney injury, and others. The acute kidney injury segment is anticipated to lead the global blood purification equipment market during the forecast period.
  • Based on end user, the global blood purification equipment market has been categorized into hospitals & clinics, dialysis centers, and others. The dialysis centers segment is expected to dominate the global blood purification equipment market during the forecast period.
  • The market size and forecast for each of these segments have been provided from 2020 to 2027. The CAGR of respective segment has also been provided for the forecast period from 2020 to 2027, considering 2020 as the base year.

Regional Outlook

  • In terms of region, the global blood purification equipment market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa)
  • The report provides market size and forecast for each region and country/sub-region from 2020 to 2027. Compound annual growth rates (CAGRs) of each of these regions and countries have also been provided for the forecast period from 2020 to 2030, considering 2020 as the base year. The blood purification equipment market study also covers the competitive scenario in these regions.

Competition Landscape in Blood Purification Equipment Market

The report also provides profiles of leading players operating in the global blood purification equipment market. These include Cytosorbents Corporation, Baxter International, Inc., ExThera Medical Corporation, Aethlon Medical, Inc., Fresenius SE & Co. KGaA, Cerus Corporation, Jafron Biomedical Co., Ltd., Spectra Medical, Inc., B. Braun Melsungen AG, and Nikkiso CO, Ltd.

Market Segmentation

By Type

    • Dialysis
    • CRRT
    • Hemoperfusion
    • Others (Plasma Exchange and Immunoadsorption)

By Product Type

    • Portable
    • Stationary

By Application

    • Sepsis
    • COVID-19
    • Infectious Diseases
    • Acute Kidney Injury
    • Others

By End User

    • Hospitals & Clinics
    • Dialysis Centers
    • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of the Europe
  • Asia Pacific          
    • China
    • India
    • Japan
    • South Korea
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Scope of the Report

VRR’s report on the blood purification equipment market studies the past as well as the current growth trends and opportunities to gain valuable insights of these indicators for the market over the forecast period from 2020 to 2027. The report provides the overall revenue of the global blood purification equipment market for the period 2020–2027, considering 2020 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global blood purification equipment market for the forecast period 2020–2027.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global blood purification equipment market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomena in the global blood purification equipment market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global blood purification equipment market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global blood purification equipment market

The report also delves into the competition landscape of the global blood purification equipment market. Key players operating in the global blood purification equipment market are identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global blood purification equipment market that are profiled in this report.

Key Questions Answered in Blood Purification Equipment Market Report

  1. How does the development of blood purification equipment provide scope of the growth in the global blood purification equipment market?
  2. How alliances and partnerships between players are widening the scope of new line of technologies for blood purification equipment?
  3. What are the revenue share projections of key segments under various criteria in the global blood purification equipment market during the forecast period?
  4. Which segment is likely to register leading revenue until the end of the forecast period in 2030?
  5. How is the evolving healthcare system in developing countries of Asia Pacific making an impact on the overall blood purification equipment market?

Research Objectives and Research Approach

The comprehensive report on the global blood purification equipment market begins with an overview of the market, followed by the scope and objectives of this study. Following this, the report provides detailed explanation of the objectives behind this study and healthcare compliances laid down by accredited agencies in the purview of line of procedure for the blood purification equipment market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section further divided into smaller ones. The entire report comprises an exhaustive collection of graphs and tables that are appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global blood purification equipment market in terms of type, product type, application, end user, and region. Key segments under each criteria are studied at length and the market share for each of these at the end of 2030 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global blood purification equipment market.


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