Press release
Continuous Renal Replacement Therapy Machine Market Report, Size, Share, Growth, Trends, Forecast to 2033
Continuous Renal Replacement Therapy Machine Market
The new report published by The Business Research Company, titled Continuous Renal Replacement Therapy Machine Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the continuous renal replacement therapy machine market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The continuous renal replacement therapy machine market size is expected to see strong growth in the next few years. It will grow to $1.78 billion in 2028 at a compound annual growth rate (CAGR) of 9%.
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What Is Driving The Growth Of The Global Continuous Renal Replacement Therapy Machine Market?
Increasing Incidence of Acute Kidney Injury Fuels Growth of the Continuous Renal Replacement Therapy Machine Market
The rising prevalence of acute kidney injury is expected to propel the growth of the continuous renal replacement therapy machine market going forward. Acute kidney injury (AKI) is a sudden decline in kidney function, leading to an inability to filter waste and maintain fluid and electrolyte balance effectively. Acute kidney injury (AKI) combines problems that arise due to decreased blood flow to the kidneys, direct damage from toxins or infection, and obstruction in the urinary tract. Continuous renal replacement therapy (CRRT) machines help provide continuous and gentle dialysis, which gradually removes waste products and excess fluids from the blood, helping to stabilize the patient's condition and prevent further complications. For instance, in June 2023, Kidney Research, a UK-based charity, estimated that there were 615,000 cases of acute kidney injury in 2022. Moreover, by 2033, the number of cases is projected to increase by 4% to 637,000. Therefore, the rising prevalence of acute kidney injury is driving the continuous renal replacement therapy machine market.
What Is The Key Trend In The Global Continuous Renal Replacement Therapy Machine Market?
Integration of Advanced Therapies for Enhanced Patient Care
Major companies in the continuous renal replacement therapy (CRRT) machine market are advancing extracorporeal CO2 removal (ECCOR) and therapeutic plasma exchange (TPE) technologies to enhance the treatment of critically ill patients. ECCOR technology enhances the removal of toxins and proteins from the blood, improving patient outcomes by more effectively targeting specific contaminants. For instance, in May 2021, Baxter International, a US-based healthcare company, introduced the Baxter PrisMax 2 system. It is a next-generation platform designed to enhance the delivery of continuous renal replacement therapy (CRRT) and other organ support therapies in critical care settings. This new system aims to simplify complex clinical processes and improve operational efficiency in intensive care units (ICUs). The system integrates with Baxter's TrueVue digital health solutions, allowing for secure wireless connectivity to electronic medical records (EMR). The PrisMax 2 can deliver various therapies, including CRRT, extracorporeal carbon dioxide removal (ECCO₂R) using the PrismaLung+ blood-gas exchanger, and blood purification for sepsis management.
How Is The Global Continuous Renal Replacement Therapy Machine Market Segmented?
The continuous renal replacement therapy machine market covered in this report is segmented -
1) By Type: Mobile, Fixed
2) By Modality: Slow Continuous Ultrafiltration (SCUF), Continuous Venovenous Hemofiltration (CVVH), Continuous Venovenous Hemodialysis (CVVHD), Continuous Venovenous Hemodiafiltration (CVVHDF)
3) By Age Group: Pediatric, Adult, Geriatric
4) By Application: Acute Renal Failure, Chronic Renal Failure, Other Applications
5) By End-User: Hospital, Clinic, Dialysis Center, Home Care, Other End-Users
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How Is The Competitive Landscape Of The Global Continuous Renal Replacement Therapy Machine Market?
Major companies operating in the continuous renal replacement therapy machine market are Medtronic plc, Fresenius Medical Care AG KGaA, Asahi Kasei Corporation, GE HealthCare Technologies Inc., Toray Industries Inc., Baxter International Inc., Medline Industries LP, Terumo Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Nipro Corporation, B. Braun Medical Inc., Shandong Weigao Blood Purification Products Co. Ltd., Nikkiso Co. Ltd., JMS Co. Ltd., NxStage Medical Inc., Kawasumi Laboratories Incorporated, Guangdong Biolight Meditech Co. Ltd., CytoSorbents Corporation, Quanta Dialysis Technologies Ltd., Nuwellis Inc., Medica S.p.A., Anjue Medical Equipment Co. Ltd., Infomed SA, RenalSense Ltd., SWS Hemodialysis Care Co. Ltd.
Contents Of The Global Continuous Renal Replacement Therapy Machine Market
1. Executive Summary
2. Continuous Renal Replacement Therapy Machine Market Report Structure
3. Continuous Renal Replacement Therapy Machine Market Trends And Strategies
4. Continuous Renal Replacement Therapy Machine Market - Macro Economic Scenario
5. Continuous Renal Replacement Therapy Machine Market Size And Growth
…..
27. Continuous Renal Replacement Therapy Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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