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Continuous Renal Replacement Therapy Market: Baxter International Inc. to Dominate Market Owing to its Diverse Product Portfolio, says Fortune Business Insights™

02-18-2022 06:44 AM CET | Health & Medicine

Press release from: Fortune Business Insights

The global "continuous renal replacement therapy market" size is expected to gain momentum and reach USD 1,811.5 million by 2027 on account of the increasing prevalence of chronic diseases such as diabetes that leads to kidney issues. A published report by Fortune Business Insights titled, "Continuous Renal Replacement Therapy Market Size, Share & COVID-19 Impact Analysis, By Product Type (Systems, and Consumables), By Modality (Slow continuous ultrafiltration, Continuous Venovenous Hemofiltration, Continuous Venovenous Hemodialysis, and Continuous Venovenous Hemodiafiltration, and Regional Forecast, 2020-2027," states that the value of this market was USD 986.4 million in the year 2019 and will exhibit a CAGR of 8.0% between 2020 and 2027.

Some Industry Developments of the CRRT Market include:

February 2019 - NxStage Medical and Fresenius Medical Care entered into strategic collaboration soon after the approval of antitrust authorities in the U.S. The main objective behind the adoption of this strategy is to strengthen the supply chain of both the companies, along with their production and manufacturing competencies across various products and services.

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Drivers & Restraints-

Increasing Prevalence of Acute Kidney Injury to Propel Growth

Some of the factors promoting the continuous renal replacement therapy market growth include the increasing prevalence of chronic diseases such as diabetes, hypertension, and others that ultimately leads to kidney disorders. In addition to this, the rise in geriatric population and the increasing cases of acute kidney problems are likely to add impetus to the market in the coming years.
Moreover, the rise in coronavirus positive cases mostly among the geriatric population and the rising rate of kidney cases among severely ill patients are likely to augment demand for continuous renal replacement therapy in the forthcoming years.
However, the stringent regulations imposed by the Food and Drug Administration on the approval of various products may pose a serious challenge to the market in the coming years. Nevertheless, the advent of medical technologies and rising investments in research and development of novel therapeutics are likely to create lucrative opportunities for the CRRT market in the coming years.
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Highlights of the Report

The report offers a comprehensive overview of the market focusing on growth drivers, restraints, challenges, and upcoming opportunities. It also discusses the competitive landscape of the market, and lists the current trends and industry developments of the market. The report further highlights the table of segmentation and the names of the leading segments with market figures. To purchase this report, log on to the company website.

Regional Analysis-

North America is Dominating Market Owing to Rising Demand for Radical Innovation in Machines

In 2019, North America held the largest CRRT market share with a revenue of USD 354.3 million. This is attributable to the increasing demand for continuous renal replacement therapy and radical innovation in the machines. This, coupled with the increasing prevalence of kidney diseases especially in the U.S. Furthermore, the Asia Pacific market is expected to register fastest growth in the coming years owing to the rise in expenditure on the infrastructural development of healthcare sector in the developing nations.

Segmentation-

Consumables Segment is Overpowering Market with Increasing Application of Hemofilter

In 2019, the consumable products segment earned the highest CRRT market share on account of the increasing application of consumables such as fluids, hemofilter, and charcoal filters among others. However, the increasing prevalence of acute kidney injuries are likely to help the systems segment witness steady growth in the coming years.

Competitive Landscape-

Companies Engaging in Geographical Expansion to Gain Competitive Edge

The nature of the CRRT market is monopolistic on account of the dominance of Baxter International Inc. Some of the companies operating in this market are engaging in improving their portfolio by investing on latest innovations and new devices. The other players are engaging in joint ventures, contracts and agreements, and other collaborative efforts to gain a significant position in the market competition.

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Some of the Key Players of the Market for Continuous Renal Replacement Therapy includes:

Braun Medical Inc. (Pennsylvania, United States)
Asahi Kasei Corporation (Tokyo, Japan)
Toray Medical Co., Ltd (Tokyo, Japan)
Medtronic Plc
Baxter International Inc. (Illinois, United States)
Fresenius Medical Care AG & Co. KGaA (Bad Homburg, Germany)
NIPRO Corporation (Osaka, Japan)
NxStage Medical, Inc., (Massachusetts, United States)
Others
Table Of Content

Introduction
Research Scope
Market Segmentation
Others Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Epidemiology of Acute Kidney Failure by Key Countries
Reimbursement Scenario for Key Countries
New Product Type Launch
Key Industry Developments - Mergers, Acquisitions, and Partnerships
ToC Continue…

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

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