Continuous Renal Replacement Therapy Market Forecasts to 2028 – Global Analysis By Product Type (Disposables, Dialysates and Replacement Fluids, CRRT Systems and Other Product Type), Speed (Slow Continuous Ultrafiltration (SCUF), Continuous Venovenous Hemodialysis (CVVHD), Continuous Venovenous Hemodiafiltration (CVVHDF), Continuous Venovenous Hemofiltration (CVVH) and Other Modalities), Age Group, End User, and By Geography
According to Stratistics MRC, the Global Continuous Renal Replacement Therapy Market is accounted for $1.3 billion in 2022 and is expected to reach $2.4 billion by 2028 growing at a CAGR of 10.7% during the forecast period. Continuous renal replacement treatment is a sort of extracorporeal blood purification treatment for patients with kidney failure that is used constantly and gradually. It tends to mirror the kidneys procedures in electrolytes, toxic products, and water regulation to permanently remove fluid and solutes. Patients who are candidates for hemodialysis but cannot tolerate traditional intermittent hemodialysis are given this treatment.
According to the International Society of Nephrology, every year approximately 13.3 million cases of acute kidney injury globally, particularly high in emerging countries, where annual incidence is estimated to be 11.3 million. According to Centers for Disease Control and Prevention (CDC), approximately 30 million people are estimated to have chronic kidney disease (CKD).
Market Dynamics:
Driver:
Increasing occurrence of persistent kidney disease
The major factors contributing the growth of continuous renal replacement therapy market is raising incidence of chronic kidney disease, which is a major hazard factor for diabetes, hypertension, cardiovascular disease, and inflammatory disease of the kidney. The rise in the number of acute kidney injury cases and other technological advancements in the field of paediatric for the treatment of acute kidney injury in small infants are the factors expected to drive the growth of the market.
Restraint:
High procedural cost
As the population in emerging nations is price-sensitive, they prefer lower-priced products. Although the cost in developing countries is elevated which makes these measures are unaffordable for a large portion of the population due to the low acquiring power. This limits the demand and uptake of this therapy in the developed and developing countries. However, reimbursement, procedural costs, and high complexity and lack of trained nurses are the factors that are restraining the growth of market.
Opportunity:
Technological advancements
The use of the therapy in critically ill patients has significantly benefited from technological advances in equipment design. Such advancements have momentously expanded the field of extracorporeal therapies in the ICU. Moreover, software integration is likely to become a new tool for advanced equipment. Therefore, the implementation of advanced software solutions is expected to drive the growth of the market.
Threat:
Reformed Healthcare Regulations
Companies are subject to a number of existing laws & regulations and non-compliance, which is likely to adversely affect their business, financial condition and results of operations and companies are susceptible to a changing regulatory environment. As participants in the healthcare industry, the operations & products of companies are regulated by numerous government agencies is the factor hindering the market growth.
Covid-19 Impact
The transmission of this virus has a significant impact on many parts of the globe. In collaboration with governments throughout the world, pharmaceutical and biotech businesses are working to combat the pandemic, from vaccine development to logistics planning. Furthermore, routinely used medications have shown a significant increase in demand for treatment. Because many affluent countries are experiencing a shortage of these medications, the increasing demand has provided enormous prospects for management drug manufacturers. As a result, the continuous renal replacement therapy market is projected to be significantly impacted.
The continuous venovenous hemodiafiltration (CVVHDF) egment is expected to be the largest during the forecast period
The continuous venovenous hemodiafiltration (CVVHDF) segment is estimated to have a lucrative growth, due to the increase in dialysis procedures. This treatment modality results in comprehensive removal and replacement of solutes and fluids within the blood. It also includes principles of diffusion and convection, hence propelling the growth of the market.
The adults segment is expected to have the highest CAGR during the forecast period
The adults segment is anticipated to witness the fastest CAGR growth during the forecast period, due to various regulatory approvals for adult and rise in development of novel products. Additionally, adoption of various growth strategies by various market players are creating lucrative opportunities in the segment.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to rising technological advancement, surging healthcare expenditure. This is primarily attributed to increase in number of initiatives along with enhanced investments for the overall R&D of products. Additionally, surge in focus of leading manufacturers on expanding their geographical presence is the factor driving the region growth.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to rise in geriatric population and increasing incidences of acute kidney injury. High adoption rates of new technologies in continuous renal replacement therapy and the presence of well-established healthcare infrastructure is fueling the growth of the overall regional market to a large extent.
Key players in the market
Some of the key players profiled in the Continuous Renal Replacement Therapy Market include Nipro Corporation, Baxter International, Asahi Kasei Corporation, B. Braun Melsungen AG, Fresenius Medical Care, NxStage Medical, Inc., Toray Industries Inc., Medtronic plc, Anjue Medical Equipment Co. Ltd., Cytosorbents, Medites Pharma, spol. s.r.o, Ningbo Tianyi Medical Devices, SWS Hemodialysis Care, Medica S.p.A, Medical Components Inc., NIKKISO Co. Ltd., Infomed SA, Chongqing Shanwaishan Science and Technology and Bellco Societa Unipersonale a r.l.
Key Developments:
In April 2020, Fresenius Medical Care received US FDA Emergency Use Authorization for multiFiltrate PRO System and multiBic/multiPlus Solutions to provide CRRT to treat patients in an acute care environment during the COVID-19 pandemic.
In December 2020, Medtronic Plc announced the launch of a new Carpedium system. This system was the first neonatal and pediatric acute dialysis system created for treating patients who need renal replacement therapy.
In September 2017, B. Braun Launched xevonta, a next generation dialyzer for the U.S. market. Its advanced membrane technology helps in removing more toxins from a patient's blood. The new product launch will help in broadening its product portfolio.
Products Covered:
• Tubs, Cups, Boxes, and Pots
• Caps & Closures
• Rigid Bulk Products
• Cans
• Intermediate Bulk Containers (IBCs)
• Trays and Containers
• Bottles and Jars
• Others Products
Production Processes Covered:
• Extrusion
• Blow Molding
• Co-Extrusion
• Thermoforming (Thermo Fill Seal)
• Injection Molding
• Other Production Processes
Raw Materials Covered:
• Natural/Bio-Based Polymers (Bioplastics)
• Synthetic Polymers
• Other Raw Materials
End Users Covered:
• Building & Construction
• Industrial Packaging & Transport
• Healthcare/Medical
• Automotive
• Electrical & Electronics
• Pharmaceuticals
• Cosmetics & Personal Care
• Toiletries
• Beverage
• Food
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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