Continuous Renal Replacement Therapy Market 2019 Global Trend, Segmentation and Opportunities Forecast To 2025
U.S. Continuous Renal Replacement Therapy Market held 91.7% momentous revenue share of the total North America Continuous Renal Replacement Therapy Market. High revenue contribution can be attributed to growing geriatric population suffering from acute renal failure. Also, increasing demand for CRRT by adult population has augmented industry growth. According to National Kidney Foundation, the chronic renal diseases treatment expenditure is expected to rise above USD 48 billion annually that should propel the business growth in forthcoming years.
Rising prevalence of chronic kidney disorders will augment the Continuous Renal Replacement Therapy Market growth during the forecast timeframe. According to National Kidney Foundation, around 10% of population suffers from chronic renal diseases and over millions of them die every year globally. Favorable regulations by regulatory bodies such as FDA enforce certain laws on manufacturers that ensures availability of superior quality CRRT devices in intensive care units thereby augmenting CRRT industry growth in foreseeable future.
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Increasing R&D efforts by market leaders such as Asahi Kasei, Baxter, Fresenius Kabi and B.Braun have improved medical systems used in the continuous renal replacement therapy. For instance, Diapact CRRT system developed by B.Braun is integrated with advanced technology that enables efficient treatment of acute kidney diseases and injuries. The acute blood filtration process is carried out accurately without any obstructions ensuring faster recovery of patients. Improvements in the CRRT systems will ultimately favor continuous renal replacement therapy market growth. However, high costs of the CRRT systems may hamper the business growth in future.
Continuous venovenous hemofiltration (CVVH) segment was valued at USD 171.9 million in 2017 and is anticipated to witness high growth during the forecast timeframe. High segmental growth can be associated with increasing demand for continuous venovenous hemofiltration. CVVH program is a short-term treatment used in patients suffering from acute or chronic renal failure. According to National Chronic Kidney Disease Fact Sheet, in 2017, there were around 30 million people are estimated to have chronic kidney disorder. This is expected to escalate the demand for continuous venovenous hemofiltration therapies thereby augmenting the segmental growth over upcoming years.
Consumables segment accounted for 60.7% in 2017 and is expected to grow considerably over forthcoming years. Consumables include catheters and other access products that require replacement at regular intervals. Contaminated consumables such as reused AV fistula needles may pose a great threat to life. High replacement rate of consumables will ensure high segmental growth during the forecast timeframe.
Non-renal segment will have 6.6% CAGR during the forecast period owing to the increasing preference for non-renal therapies that enables efficient treatment of patients experiencing cardiac problems. This therapy is preferred to clear ingested toxins and to maintain proper electrolyte levels by using renal drugs available. High prevalence of heart disorders amongst geriatric population will augment the segmental growth over the forecast timeframe.
Prominent industry players operational in the Continuous Renal Replacement Therapy Market include Asahi Kasei Corporation, B.Braun Melsungen, Baxter International, Fresenius Medical Care, Infomed, Medica, Medical Components, Medites, Medtronic, Nikkiso, Nxtstage, Toray. These industry players implement certain strategic initiatives such as mergers and acquisitions that help them in maintaining their market position. For instance, Fresenius Medical Care undertakes certain decision such as innovations in medical devices used in the acute therapy. It recently developed multiFiltratePRO system that is used in efficient treatment of acute kidney diseases. Development of such new products will ensure sustainable profits for the company.
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Continuous Renal Replacement Therapy market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Continuous Renal Replacement Therapy Market, By Modality (USD Million)
o Continuous Venovenous Hemofiltration (CVVH)
o Continuous Venovenous Hemodiafiltration (CVVHDF)
o Continuous Venovenous Hemodialysis (CVVHD)
o Slow Continuous Ultrafiltration (SCUF)
Continuous Renal Replacement Therapy Market, By Product (USD million)
Continuous Renal Replacement Therapy Market, By Therapy (USD million)
The above information is provided for the following regions and countries:
• North America
• Asia Pacific
• South Korea
• Latin America
• Middle East Asia & Africa
• Saudi Arabia
• South Africa
More Insightful Info: https://www.marketwatch.com/press-release/continuous-renal-replacement-therapy-market-2018-24-industry-analysis-growth-forecast-by-product-modality-therapy-2019-05-10?mod=mw_quote_news
Anti-snoring Treatment Market: https://www.marketwatch.com/press-release/anti-snoring-treatment-market-2019-opportunity-analysis-and-industry-forecast-by-2025-2020-01-14
Veterinary Surgical Instruments Market: https://www.marketwatch.com/press-release/veterinary-surgical-instruments-market-2019-global-industry-trends-share-size-demand-growth-opportunities-industry-revenue-future-and-business-analysis-by-forecast-by-2025-2020-01-14
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