Insights Into The Continuous Renal Replacement Therapy Machine Market’s Growth Potential 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The continuous renal replacement therapy machine market size has shown significant growth in recent years, projected to increase from $1.16 billion in 2023 to $1.26 billion in 2024, with a compound annual growth rate (CAGR) of 8.9%. This growth during the historic period can be attributed to various factors, including the rise in the prevalence of acute kidney injury, advancements in sepsis management, the aging population, an increase in hospital admissions, and the growing rates of chronic kidney disease. Furthermore, the continuous renal replacement therapy machine market size is expected to reach $1.78 billion in 2028, demonstrating robust growth at a CAGR of 9%. This forecasted growth can be linked to several developments, such as an increase in research and clinical trials, the rising incidence of diabetes, improvements in patient monitoring, enhanced education and awareness campaigns, and an increased demand for continuous therapies. Key trends expected during this period include technological advancements, the integration of nanotechnology, the use of artificial intelligence (AI) and predictive analytics, high-volume hemofiltration (HVHF), and advancements in intensive care unit (ICU) machines.
The rising prevalence of acute kidney injury (AKI) is expected to propel the growth of the continuous renal replacement therapy (CRRT) machine market in the future. Acute kidney injury refers to a sudden decline in kidney function, resulting in the kidneys’ inability to filter waste and maintain fluid and electrolyte balance effectively. This condition arises due to decreased blood flow to the kidneys, direct damage from toxins or infections, and obstructions in the urinary tract. Continuous renal replacement therapy machines provide continuous and gentle dialysis, gradually removing waste products and excess fluids from the blood, stabilizing the patient’s condition, and preventing further complications. For instance, in June 2023, Kidney Research, a UK-based charity, estimated that there were 615,000 cases of acute kidney injury in 2022, with projections indicating a 4% increase to 637,000 cases by 2033. Therefore, the rising prevalence of acute kidney injury is driving the growth of the continuous renal replacement therapy machine market.
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What Are The Key Trends That Influence Continuous Renal Replacement Therapy Machine Market Share Analysis?
Major companies in the continuous renal replacement therapy (CRRT) machine market are advancing extracorporeal CO2 removal (ECCOR) and therapeutic plasma exchange (TPE) technologies to improve treatment outcomes for critically ill patients. ECCOR technology enhances the elimination of toxins and proteins from the blood, resulting in better patient outcomes by effectively targeting specific contaminants. For instance, in May 2021, Baxter International, a U.S.-based healthcare company, introduced the Baxter PrisMax 2 system. This next-generation platform is designed to improve the delivery of continuous renal replacement therapy and other organ support therapies in critical care settings. The system aims to streamline complex clinical processes and enhance operational efficiency in intensive care units (ICUs). It integrates with Baxter’s TrueVue digital health solutions, allowing for secure wireless connectivity to electronic medical records (EMR). The PrisMax 2 can provide various therapies, including CRRT, extracorporeal carbon dioxide removal (ECCO₂R) using the PrismaLung+ blood-gas exchanger, and blood purification for sepsis management.
Which Market Players Are Driving Growth In The Continuous Renal Replacement Therapy Machine Market?
Major companies operating in the continuous renal replacement therapy machine market are Medtronic plc, Fresenius Medical Care AG KGaA, Asahi Kasei Corporation, GE HealthCare Technologies Inc., Toray Industries Inc., Baxter International Inc., Medline Industries LP, Terumo Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Nipro Corporation, B. Braun Medical Inc., Shandong Weigao Blood Purification Products Co. Ltd., Nikkiso Co. Ltd., JMS Co. Ltd., NxStage Medical Inc., Kawasumi Laboratories Incorporated, Guangdong Biolight Meditech Co. Ltd., CytoSorbents Corporation, Quanta Dialysis Technologies Ltd., Nuwellis Inc., Medica S.p.A., Anjue Medical Equipment Co. Ltd., Infomed SA, RenalSense Ltd., SWS Hemodialysis Care Co. Ltd.
How Is The Global Continuous Renal Replacement Therapy Machine Market Segmented?
The continuous renal replacement therapy machine market covered in this report is segmented –
1) By Type: Mobile, Fixed
2) By Modality: Slow Continuous Ultrafiltration (SCUF), Continuous Venovenous Hemofiltration (CVVH), Continuous Venovenous Hemodialysis (CVVHD), Continuous Venovenous Hemodiafiltration (CVVHDF)
3) By Age Group: Pediatric, Adult, Geriatric
4) By Application: Acute Renal Failure, Chronic Renal Failure, Other Applications
5) By End-User: Hospital, Clinic, Dialysis Center, Home Care, Other End-Users
Read The Full Continuous Renal Replacement Therapy Machine Market Report Here
The Continuous Renal Replacement Therapy Machine Global Market Report 2024 provides an overview of the continuous renal replacement therapy machinemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The continuous renal replacement therapy machine market forecast analyzes continuous renal replacement therapy machine market size, continuous renal replacement therapy machine market share, leading competitor and their market positions.
The Table Of Content For The Continuous Renal Replacement Therapy Machine Market Include
1. Continuous Renal Replacement Therapy Machine Market Executive Summary
2. Continuous Renal Replacement Therapy Machine Market Segments
3. Continuous Renal Replacement Therapy Machine Market Size And Template Market Growth Rate
4. Key Continuous Renal Replacement Therapy Machine Market Trends
5. Major Continuous Renal Replacement Therapy Machine Market Drivers
……
25. Key Mergers And Acquisitions In The Continuous Renal Replacement Therapy Machine Market
26. Top Continuous Renal Replacement Therapy Machine Companies
27. Continuous Renal Replacement Therapy Machine Market Opportunities And Strategies
28. Continuous Renal Replacement Therapy Machine Market, Conclusions And Recommendations
29. Appendix
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