Blood Filtering Device Market Size, Share, Growth Report 2022 - 2030

Global blood filtering device market size is expected to be worth roughly USD 597.5 million by 2030, growing at a CAGR of more than 4.7% during the projected timeframe of 2022-2030, according to Ameco Research

The growing number of individuals suffering from chronic kidney disease (CKD) is driving up the blood filtering device market growth. Furthermore, the rising prevalence of conditions that necessitate blood transfusions, such as anemia, sickle cell disease, as well as bleeding disorders like hemophilia, as well as cancer, is driving up the blood filtering devices market value.

Blood filters are purification systems that remove microparticles from donated blood. These micro aggregates are made up of leucocytes, platelets, as well as fibrin aggregates, and if left in donor blood, they can cause issues such as pulmonary microembolism. White blood cells (leukocytes) found in blood transfusions have the ability to inhibit the participant's immune function. An impaired immune system can significantly raise the probability of infection, numerous organ failures, as well as other problems in post-surgical patients, lowering the patient's survival probability.

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Global Blood Filtering Device Market Trends

The significant growths of global illnesses prevalence as well as the frequency of trauma cases are increasingly fueling the global need for blood transfusions. According to various reports, someone in the world wants a blood transfusion every 3 seconds. The rise in trauma and accident cases around the world is a primary driver of the blood filtering devices market share. Every year, approximately 1.25 million individuals are killed in motor vehicle accidents all around the globe, as reported by the World Health Organization (WHO). The growing senior population, which is more sensitive to chronic ailments, is increasing the global demand for surgical procedures. The worldwide blood filtering devices market size is also being driven by an increase in the aging populations and outpatient surgical operations. Furthermore, the number of patients suffering from various chronic illnesses is continuously increasing around the world. This is expected to increase the number of surgeries performed, boosting the worldwide blood filtering devices market revenue in the coming years.

The growing number of individuals suffering from chronic kidney disease (CKD) is driving up the demand for blood filtering device market value. CKD is frequently caused by high blood pressure and fails to develop over time; it hinders normal renal function and necessitates dialysis, which helps to filter and cleanse the plasma with the assistance of an exterior machine. The rising prevalence of blood-transfusion-related ailments such as anemia, sickle cell disease, or even bleeding disorders such as hemophilia or cancer, among others, is driving up market value. The global epidemic combined-19 is increasing market capitalization because persons with kidney illness, transplant recipients, as well as other significant chronic health issues are at greater risk of contracting coronavirus. As people's body systems deteriorate, it becomes increasingly difficult to help them fight disease, thus it is critical that they persevere with their previously scheduled dialysis treatments. Furthermore, the major companies' continued attempts to minimize the cost of operations are expected to provide significant opportunities over the indicated timeframe.

Blood Filtering Device Market Market Companies

Some of the most notable worldwide blood filtering device market players is Asahi Kasei Medical, Braile Biomédica, GVS, Infomed, KAWASUMI, Medtronic, MITRA, Nanjing Shuangwei, Shandong Zhongbaokang, BAINE, Chengdu Shuanglu, Haemonetics, Kaneka, Macopharma, Merck & Co., Inc., Nanjing Celgene, and Terumobct.

Blood Filtering Device Market Segmentation

Ameco Research has fragmented the global blood filtering device market by type, applications, and end user. By type, the industry is sub-divided into hemodialysis membranes, plasma separation membranes, and leukocyte removal filter.

In term of applications, the market is classified into blood processing, and blood transfusion (red cell transfusion, platelet transfusion, and whole blood transfusion).

Based on the end user, the market is divided into medical centre, ambulatory surgical centre, hospitals, and others. According to the blood filtering device market forecast, the medical centre segment is expected to grow extensively in the global market over the next few years.

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Blood Filtering Device Market Regional Outlook

The global blood filtering device market is divided into several geographical regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. According to a blood filtering device industry analysis, North America has the highest revenue share. This growth is attributed to an aging population and a rise in the incidence of chronic illnesses. The region's biggest economies, particularly the United States and Canada, contribute significantly to the national market value. In the United States, around 13% of adults have CKD, with high cholesterol and diabetes being the primary causes. Furthermore, increased hospitalization due to the rising incidence of heart problems and chronic illnesses driving the frequency of medical procedures in the nation are important factors expected to drive the US and Canada blood filtering device market revenue throughout the forecast period.

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