Blood Purification Equipment Market Size, Share & Trends, 2027

The blood purification equipment market was valued at US$ 3,881.3 million in 2018 and it is projected to reach US$ 5,502.8 million in 2027; it is expected to grow at a CAGR of 4.0% from 2019 to 2027.

Blood purification equipment work similar to the dialysis equipment. These equipment use thin fibers to capture and remove viruses and filters the blood. The equipment requires the drawing of blood through an artery, which is sent through a tube into the equipment, then back into the body. The growth of the global blood purification equipment market is attributed to the increasing prevalence of chronic kidney diseases, technological advancements in hemodialysis and rising adoption of home based healthcare. However, high cost of blood purification and complications associated with blood purification are the major factor hindering the market growth.

The global blood purification equipment market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.

Lucrative Regions for Global Blood Purification Equipment Market

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Market Insights

Increasing Prevalence of Chronic Kidney Diseases to Drive Global Blood Purification Equipment Market Growth

The most common type of renal diseases include chronic kidney diseases (CKD). CKD refers to a long term condition, commonly caused due to high blood pressure and doesn’t improve over time. The CKD occurs due to inability of the kidneys to perform their normal function. Over the time, human kidneys stop working completely and requires performing dialysis that helps to filter and purify the blood with the help of an external machine. These machines known as hemodialysis devices contributes a major share in the blood purification equipment market. Thus, the increasing number of patients suffering with renal disorders that require regular dialysis procedures are expected to increase the demand of the equipment thereby fostering the market growth.

Adults suffering with high blood pressure, diabetes or both are at high risks of developing chronic kidney diseases. According to the Centers for Disease Control and Prevention (CDC), 30 million people that approximates to 15% of the adult US population were estimated to have chronic kidney disease in 2017. Of these patients, diabetes and high blood pressure was reported to be a cause for 44% and 29% population respectively.

The mortality rate due to chronic kidney diseases has also witnessed a surge over years. The 2015 study of Global Burden of Diseases conducted by the World Health Organization (WHO) states that 1.2 million people died from kidney failure, which increased by 32% from 2005. Furthermore, the WHO also reported that approximately 2.3 million patients suffering with end-stage kidney disease died due to lack of access to dialysis. The incorporation of multiple hemodialysis units around the globe is thus expected to drive the growth of the market.

Numbers for end-stage renal diseases are staggering on an international scale. Statistics from a 2016 survey conducted by The Kidney Project, University of California San Francisco reports around 2 million people worldwide suffering from End Stage Renal Disease, and the number of patients diagnosed with the disease continues to increase at a rate of 5- 7% per year. Thus, the increasing prevalence of renal diseases is expected to drive the global blood purification equipment market over coming years.

Product -Based Insights

In terms of product, the global blood purification equipment market is segmented into continuous renal replacement therapy (CRRT) device, hemoperfusion device, plasma exchange device, hemodialysis device and blood filtration device. In 2018, the hemodialysis device segment held largest share of the market. However, the continuous renal replacement therapy (CRRT) device segment is estimated to register the highest CAGR during the forecast period.

Global Blood Purification Equipment Market, by Product – 2018 and 2027

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End User-Based Insights

In terms of end user, the global blood purification equipment market is segmented into hospitals, ambulatory surgical centers and others. The hospitals segment held the largest share of the market in 2018. In contrast, the others segment i.e. specialty clinics, home care and academics & research institutes is estimated to grow at the fastest rate during the forecast period.

Strategic Insights

The global blood purification equipment market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

Global Blood Purification Equipment Market – by Product

• Hemodialysis Device
• Blood Filtration Device
• Continuous Renal Replacement Therapy (CRRT) Device
• Hemoperfusion Device
• Plasma Exchange Device

Global Blood Purification Equipment Market – by End- User

• Hospitals
• Ambulatory Surgical Centers
• Others

Global Blood Purification Equipment Market – by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Spain
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East & Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South America and Central America (SCAM)

  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• CytoSorbents Corporation
• Fresenius Medical Care. (NxStage Medical, Inc.)
• Spectral Medical Inc.
• Baxter International Inc.
• B. Braun Melsungen AG
• Haemonetics Corporation
• Nikkiso Co, Inc.
• Medtronic plc (Bellco)
• Kaneka Medix Corp.
• Jafron Biomedical Co., Ltd.