Continuous Renal Replacement Therapy Market Analysis, Share, Drivers, Growth 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Continuous Renal Replacement Therapy Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The continuous renal replacement therapy market size has grown rapidly in recent years. It will grow from $1.41 billion in 2023 to $1.57 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to increased demand for advanced CRRT devices, an increase in the prevalence of incidence of acute kidney injury, a rise in the number of medical applications, a high prevalence of co-morbidities, and continuous research and development.

The continuous renal replacement therapy market size is expected to see rapid growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to increasing incidences of chronic kidney diseases, rising prevalence of diabetes, a growing number of ICU admissions, rising investments in healthcare infrastructure, and expanding applications in pediatric care. Major trends in the forecast period include rapid advancements, launches of new technologies, technological advancements, product innovation, and technologically advanced CRRT products.

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Market Drivers and Trends:

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Major companies operating in the continuous renal replacement therapy market are developing technologically advanced products, such as continuous renal replacement therapy (CRRT) platforms, to better serve customers with advanced features. Continuous Renal Replacement Therapy (CRRT) platforms refer to the systems and technologies used in the delivery of CRRT, a form of dialysis primarily prescribed to critically ill patients who cannot tolerate regular hemodialysis. For instance, in May 2021, Baxter International Inc., a US-based healthcare company, launched the Prismax 2 platform. It is designed to simplify the delivery of continuous renal replacement therapy (CRRT) and other organ support therapies. It offers hospitals the flexibility needed to address the unique demands of the intensive care unit (ICU). The Prismax 2 system includes new solutions from the company's TrueVue digital health portfolio and features the Prismalung+ blood-gas exchanger, which provides extracorporeal carbon dioxide removal (ECCO2R) therapy to aid in the management of acute respiratory dysfunction.

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Major Key Players of the Market:

Medtronic Plc, Fresenius Medical Care AG & Co. KGaA, Asahi Kasei Corporation, Toray Industries Inc., Baxter International Inc., B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, NxStage Medical Inc., Hillrom Holdings Inc., Gambro AB, JMS Co. Ltd., Quanta Dialysis Technologies Ltd., Bellco S.r.l., Ningbo Tianyi Medical Devices Co. Ltd., Cytosorbents Corporation, Kawasumi Laboratories Inc., Medica S.p.A., Infomed SA , Medites Pharma Spol. S.R.O, Nikkiso Co. Ltd., Anjue Medical Equipment Co. Ltd., Medcomp Systems Ltd.

Continuous Renal Replacement Therapy Market 2024 Key Insights:

• The continuous renal replacement therapy market size is expected to see rapid growth in the next few years. It will grow to $2.38 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.
• Chronic Kidney Disease Incidence Fuels Continuous Renal Replacement Therapy Market Expansion
• Innovative Developments In Continuous Renal Replacement Therapy Platforms
• North America was the largest region in the continuous renal replacement therapy market in 2023

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