Blood Purification Equipment Market Growth Drivers and Restrain Factors Study Report | Cytosorbents Corporation, Baxter International, Inc., ExThera Medical Corporation

Blood Purification Equipment Market: Introduction

According to the report, the global blood purification equipment market was valued at US$ 10.3 Bn in 2019 and is projected to expand at a CAGR of 7.5% from 2020 to 2030. 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.

Get Sample Copy of the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78186

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.

Enquiry before Buying @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78186

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.

Get Custom Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=78186

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.

Enquiry for Discount on the Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=78186

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.

Global Blood Purification Equipment Market: Segmentation

Blood Purification Equipment Market, by Type
Dialysis
CRRT
Hemoperfusion
Others (Plasma Exchange and Immunoadsorption)

Blood Purification Equipment Market, by Product Type
Portable
Stationary

Blood Purification Equipment Market, by Application
Sepsis
COVID-19
Infectious Diseases
Acute Kidney Injury
Others

Blood Purification Equipment Market, by End User
Hospitals & Clinics
Dialysis Centers
Others

Read Report Overview: https://www.transparencymarketresearch.com/blood-purification-equipment-market.html

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.