Blood Purification Equipment Market Analysis and Global Forecast 2023-2033

Blood Purification Equipment Market Overview

The Blood Purification Equipment Market Size is expected to reach USD 32.41 Billion by 2033. The Blood Purification Equipment industry size accounted for USD 17.54 Billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.87% from 2023 to 2033. Blood purification equipment refers to hollow-fiber membrane devices used in critical care nephrology that allow blood convection and ultrafiltration. It filters blood by eliminating toxins and damaged red blood cells. The equipment is used in various indications such as sepsis, renal diseases, and others. It is used by hospitals, clinics, dialysis centers, and other end users. The market is segmented by product type (portable and stationary), indication (sepsis, renal diseases, and others), and end user. The global blood purification equipment market size is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2028

Global Blood Purification Equipment Market Synopsis

COVID-19 Impact Analysis

The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the blood purification equipment market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers to adopt various strategies to stabilize the company.

 Global Blood Purification Equipment Market Dynamics

The major factors that have impacted the growth of Blood Purification Equipment are as follows:

Drivers:

⮚      Technological Integration and Innovation

Integration of innovative technologies such as artificial intelligence (AI) and telemedicine into blood purification equipment enhances treatment precision, efficiency, and remote patient monitoring capabilities.

Restraint:

⮚         High Initial Costs

High initial costs of blood purification equipment and related procedures can limit market penetration, particularly for patients without insurance and in low-income areas. This can hinder accessibility and adoption rates, especially in regions with limited healthcare infrastructure and resources

Opportunity:

⮚      Advancements in Technology

Ongoing advancements in blood purification technologies, such as hemodialysis, hemofiltration, and continuous renal replacement therapies (CRRT), enhance efficiency, reduce treatment time, and improve patient outcomes.

Blood Purification Equipment Market Segment Overview

By Product Type

Based on the Product Type, the market is segmented based on Portable , Stationary. The portable segment dominates the Blood Purification Equipment market based on product type, driven by the benefits of mobile blood purification equipment, such as less space utilization and mobility, which are particularly valuable in critical care units

By Indication

Based on the Indication, the market has been divided into Sepsis, Renal Diseases, Others. The Renal Diseases segment dominates the Blood Purification Equipment market based on indication, driven by the increasing prevalence of chronic kidney diseases (CKD) and the need for effective treatment options.

By End User

Based on End User, the market has been divided into Hospitals and Clinics, Dialysis Centers, Others. The dialysis centers segment dominated the blood purification equipment market, driven by patient preference for in-center dialysis treatments and the need for long-term commitment to dialysis sessions.

Global Blood Purification Equipment Market Regional Analysis

Based on region, the market has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The area of North America is anticipated to dominate the market for the usage of Blood Purification Equipment, followed by those in Asia-Pacific and Europe.

Blood Purification Equipment North America Market

North America dominates the Blood Purification Equipment market due to several factors. The North America blood purification equipment market is expected to grow at a CAGR of 6.8% from 2023 to 2031, driven by increasing incidences of acute and chronic kidney diseases. The US is the largest market in North America, with the country experiencing a high prevalence of patients suffering from chronic kidney diseases. The market is segmented by product into portable and stationary equipment, and by indication into renal diseases, sepsis, and other equipment.

Blood Purification Equipment Asia Pacific Market

The Asia-Pacific region has been witnessing remarkable growth in recent years. The Asia Pacific blood purification equipment market is expected to grow at a CAGR of 6.3% from 2021 to 2031, driven by increasing prevalence of blood-related diseases, aging populations, technological innovations, rising healthcare expenditure, and rising health consciousness amid the COVID-19 pandemic. The market is segmented by product into hemodialysis, blood filtration, CRRT, hemoperfusion, and plasma exchange devices, and by end user into hospitals and clinics, dialysis centers, and others. Key countries in the region include Japan, China, South Korea, Australia, and India, which are expected to contribute significantly to the market growth. The market is also driven by the increasing adoption of portable blood purification equipment, which offers greater mobility and flexibility in treatment

Competitive Landscape

The competitive landscape includes key players (tier 1, tier 2, and local) having a presence across the globe. Companies such as Asahi Kasei Corporation, Braun Melsungen AG, BAXTER INTERNATIONAL INC, Fresenius SE and Co. KGaA, and Healthwell Medical Tech. Co are some of the leading players in the global  Blood Purification Equipment Industry. These players have adopted partnership, acquisition, expansion, and new product development, among others as their key strategies.

Key Market Players:

• Asahi Kasei Corporation
• Braun Melsungen AG
• BAXTER INTERNATIONAL INC
• Fresenius SE and Co. KGaA
• Healthwell Medical Tech. Co
• Infomed SA
• Jafron Biomedical Co
• Kaneka Corporation,
• Nikkiso Co, ltd
• SWS Medical Group

Key development:

In September 2022, Kaneka Corporation announced the development of a new blood purification device, LIPOSORBER LA-15, which is capable of selectively removing pathogenic agents from blood. This innovative technology is expected to contribute significantly to the growth of the blood purification equipment market

Scope of the Report

Global Blood Purification Equipment Market, by Product Type

• Portable
• Stationary

Global Blood Purification Equipment Market, by Indication

• Sepsis
• Renal Diseases
• Others

Global Blood Purification Equipment Market, by End User

• Hospitals and Clinics
• Dialysis Centers
• Others

Global Blood Purification Equipment Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2033: $32.41 Billion
CAGR	6.87% CAGR (2023-2033)
Base year	2022
Forecast Period	2023-2033
Historical Data	2021
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Product Type, Indication, End User
Geographies Covered	North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors	Asahi Kasei Corporation, Braun Melsungen AG, BAXTER INTERNATIONAL INC, Fresenius SE and Co. KGaA, Healthwell Medical Tech. Co, Infomed SA, Jafron Biomedical Co, Kaneka Corporation,, Nikkiso Co, ltd, SWS Medical Group
Key Market Opportunities	• Creative Content Generation and Personalization
Key Market Drivers	• Advancements in AI research and technology • Growing demand for personalized and creative content

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Blood Purification Equipment Industry trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities analysis in the future
• Historical market size for the year 2021, and forecast from 2023 to 2033
• Blood Purification Equipment market share analysis for each segment
• Competitor analysis with a comprehensive insight into its product segment, financial strength, and strategies adopted.
• Identifies key strategies adopted by the key players including new product development, mergers and acquisitions, joint ventures, collaborations, and partnerships.
• To identify and understand the various factors involved in the global Blood Purification Equipment market affected by the pandemic
• To provide year-on-year growth from 2022 to 2033
• To provide short-term, long-term, and overall CAGR comparison from 2022 to 2033.
• Provide Total Addressable Market (TAM) for the Global Blood Purification Equipment Market.