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Bioartificial Liver Device (BAL) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Bioartificial Liver Device (BAL) MarketA bioartificial liver device (BAL) is an artificial extracorporeal liver support (ELS) system for an individual who is suffering from acute liver failure (ALF) or acute-on-chronic liver failure (ACLF).
BAL device is mainly used for adjuvant and supportive treatment of patients with liver failure and hyperbilirubinemia. Artificial livers are currently divided into non-biological artificial livers and biological artificial livers. The former is widely used. It can improve transaminases and blood coagulation functions for liver failure caused by various reasons; as for biological artificial livers, it is mainly based on the research of seed cells and biological Reactor-based.
The global Bioartificial Liver Device (BAL) market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Netherlands-Ukraine War were considered while estimating market sizes.
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North American market for Bioartificial Liver Device (BAL) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Bioartificial Liver Device (BAL) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
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The key global manufacturers of Bioartificial Liver Device (BAL) include Mayo Clinic, WUHAN TOGO MEDITECH CO.,LTD, Hexaell Biotech Co.,Ltd., Guangdong Qianhui Biotechnology Co.,Ltd., Shanghai CELLIVER Biotechnology Co.,Ltd, Shandong yiruite Biotechnology Co.,Ltd and Guanhao Biotech Co.,Ltd., etc. in 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Bioartificial Liver Device (BAL), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bioartificial Liver Device (BAL).
The Bioartificial Liver Device (BAL) market size, estimations, and forecasts are provided in terms of sales volume (K Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Bioartificial Liver Device (BAL) market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Bioartificial Liver Device (BAL) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application and by regions.
Key Segmentations
By Company
• Mayo Clinic
• WUHAN TOGO MEDITECH CO.,LTD
• Hexaell Biotech Co.,Ltd.
• Guangdong Qianhui Biotechnology Co.,Ltd.
• Shanghai CELLIVER Biotechnology Co.,Ltd
• Shandong yiruite Biotechnology Co.,Ltd
• Guanhao Biotech Co.,Ltd.
Segment by Type
• Non-Biological
• Biotype
• Mixed Type
Segment by Application
• Hospital
• Laboratory
• Medical Company
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