Blood Purification Equipment Market Size, Share & Trends, 2027

Blood Purification Equipment Market to 2027 - Global Analysis and Forecasts by Product (Hemodialysis Device, Blood Filtration Device, Continuous Renal Replacement Therapy (CRRT) Device, Hemoperfusion Device, Plasma Exchange Device); End User (Medical Centre, Hospitals, Others), and Geography

Publication Month : Oct 2019

  • Report Code : TIPHE100001301
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 148
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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

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

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.

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Blood Purification Equipment Market: Strategic Insights

Market Size Value inUS$ 3,881.3 Million in 2018
Market Size Value byUS$ 5,502.8 Million by 2027
Growth rateCAGR of 4.0% from 2019-2027
Forecast Period2019-2027
Base Year2019
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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.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Device ; End User , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies - Blood Purification Equipment Market

  1. CytoSorbents Corporation
  2. Fresenius Medical Care. (NxStage Medical, Inc.)
  3. Spectral Medical Inc.
  4. Baxter International Inc.
  5. Nikkiso Co, Inc.
  6. Haemonetics Corporation
  7. B. Braun Melsungen AG
  8. Medtronic plc (Bellco)
  9. Jafron Biomedical Co., Ltd.
  10. Kaneka Medix Corp

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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