The global Continuous Renal Replacement Therapy market size is expected to be worth around US$ 11.4 billion by 2030, according to a new report by Vision Research Reports.
The global Continuous Renal Replacement Therapy market size was valued at US$ 845.4 million in 2020 and is anticipated to grow at a CAGR of 17.4 % during forecast period 2021 to 2030.
The magnitude of the global target diseases, such as kidney diseases, and diabetes, is immense, with millions of new cases registered every year. This in turn is anticipated to boost the usage of CRRT treatment procedure.
Increasing the incidence of volume overload, uremia, and hyperkalemia is increasing the application of renal replacement therapy, thereby boosting the overall growth of the market. For individuals suffering from acute kidney injury and severe multi-organ dysfunction, CRRT can prove to be beneficial when started early to maintain metabolic and volume homeostasis. In addition, CRRT prevents further worsening and development of symptoms and signs of renal failure.
Consumables dominated the product segment in 2016. Although these products are low-priced, it is used repeatedly; hence the market for consumables is the largest as compared to other segments. The market for consumables is also expected to grow immensely due to the increasing application of hemofilter, fluids, charcoal filters, and other consumables in CRRT procedures.
The systems market is also set to grow moderately due to the increasing prevalence of acute kidney injury cases. According to an article published in the National Center for Biotechnology Information, the population incidence of acute kidney injury treated with CRRT is approximately 200-300 per million population per year, globally. Hence, with the increasing incidence of acute kidney injury, the use of these systems will grow constantly.
A number of technological developments such as high volume hemofiltration and high permeability hemofiltration have taken place since the beginning of continuous renal replacement therapy. Precise machines are being developed to permit the safe and reliable performance of CRRT procedures. Such devices are equipped with a friendly user interface that allows for easy performance and monitoring.
Continuous venovenous hemofiltration (CVVH) segment dominated the market in 2016. The increasing incidence of fluid overload cases which is frequently found in acute kidney injury patients in critical care units would boost the growth of the CVVH sector. Furthermore, according to an article published by the Elsevier, congestive heart failure, which accounts for approximately 5% of all-cause mortality in prevalent dialysis patients, is associated closely with fluid overload, which will consequently increase the application of CVVH treatment procedure. Hence, such factors would contribute to the growth of the segment.
The market for continuous venovenous hemodiafiltration (CVVHDF) is expected to exhibit the highest growth rate during the forecast period. This treatment modality results in complete removal and replacement of solutes and fluids within the blood and combines principles of diffusion and convection, i.e., hemofiltration and hemodialysis using a highly efficient hemodiafilter to remove both solute and fluid, hence boosting the growth of the market.
The market for continuous venovenous hemofiltration (CVVH) is also expected to grow rapidly. Increasing the incidence of fluid overload cases which is frequently found in acute kidney injury patients in critical care units would boost the growth of the CVVH segment. Furthermore, according to an article published by the Elsevier, congestive heart failure, which accounts for approximately 5% of all-cause mortality in prevalent dialysis patients, is associated closely with the fluid overload that will consequently increase the application of CVVH treatment procedure.
North America dominated the continuous renal replacement therapy sector with the largest revenue share in 2016. Increasing demand for CRRT procedures and advanced innovation in the manufacture of machines and systems are a few high impact rendering drivers for the growth in the region. In addition, the increasing prevalence of kidney diseases in the U.S. is expected to spur market growth over the forecast period. According to the data published by the CDC, around 29.1 million people in the U.S. had diabetes in 2014. This suggests a large base of the kidney-affected target population for CRRT sector in this region
On the other hand, Asia Pacific is expected to show the fastest growth during the forecast period. Factors such as greater technological advancement and considerable healthcare expenditure would drive market growth. Moreover, the governments of various Asia Pacific countries are actively investing in the improvement of healthcare services in the country to offer better healthcare facilities to its population. Hence, all the aforementioned factors are expected to flourish the regional market growth.
B. Braun Melsungen AG, Baxter International, Inc., Fresenius Medical Care AG & Co. KGaA, Asahi Kasei Corporation, NIPRO Corporation, Toray Medical Co., Ltd, NxStage Medical, Inc., Medtronic plc, and others. Mergers, acquisitions,
Slow continuous ultrafiltration
Continuous venovenous hemofiltration
Continuous venovenous hemodialysis
Continuous venovenous hemodiafiltration
The Continuous Renal Replacement Therapy market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Continuous Renal Replacement Therapy market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Continuous Renal Replacement Therapy market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Continuous Renal Replacement Therapy market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Continuous Renal Replacement Therapy market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Continuous Renal Replacement Therapy capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Continuous Renal Replacement Therapy by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Continuous Renal Replacement Therapy market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Continuous Renal Replacement Therapy market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Continuous Renal Replacement Therapy market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Continuous Renal Replacement Therapy industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Continuous Renal Replacement Therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Continuous Renal Replacement Therapy market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Continuous Renal Replacement Therapy market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Continuous Renal Replacement Therapy market. These factors have benefited the growth of the global market for Continuous Renal Replacement Therapy. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Continuous Renal Replacement Therapy. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Continuous Renal Replacement Therapy are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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