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How Will the Blood Purification Equipment Market Grow from 2024 to 2033?

The market for blood purification equipment has seen robust growth in recent years. It is forecasted to expand from a size of $19.9 billion in 2023 to $21.28 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.9%. This increase in the historic period is the result of factors such as an uptick in renal diseases, an aging population, government initiatives, a rise in ICU admissions, and escalating chronic conditions.

Predictions indicate considerable expansion in the blood purification equipment market in the next few years, with size expected to reach $28.71 billion in 2028, marking a compound annual growth rate (CAGR) of 7.8%. Factors contributing to this growth during the forecast period include an increasing preference for home-based dialysis solutions, emphasis on cost-effectiveness, innovation in renal replacement therapies, tailor-made treatments, and regulatory support. Additionally, the forecast period is expected to witness trends such as a personalized medicine approach, improved connectivity, collaborations and partnerships, broader applications, and the use of multi-modal therapies.

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What Aspects Are Influencing the Growth Rate of the blood purification equipment Market?

The surging number of kidney transplants is anticipated to stimulate expansion in the blood purification equipment market. The term kidney transplant relates to a medical operation where a fit kidney from a giver is grafted into an individual suffering from end-stage renal disease (ESRD) or other significant kidney-associated problems. Blood purification equipment contributes to these patients’ care by eradicating surplus medicines from the blood, preserving the equilibrium of electrolytes, and handling fluid measurements. For instance, as per information from the United Network for Organ Sharing, an American non-profit scientific and educational institution, in 2022, over 25,000 kidney transplants were carried out in the United States, recording a fresh annual high and a 3.4% rise compared to 2021. Hence, this escalation in kidney transplants is fueling the growth of the blood purification equipment market.

What Are the Critical Segments of the Blood Purification Equipment Market?

1) By Product Type: Portable, Stationary

2) By Indication: Sepsis, Renal Diseases, Other Indications

3) By End User: Hospitals And Clinics, Dialysis Centers, Other End Users

What Trends Are Redefining Consumer Expectations in the Blood Purification Equipment Market?

Leading firms in the blood purification equipment market are creating novel products to meet the increasing demand for blood purification treatment. For example, in June 2022, Santersus AG, a company specialized in therapeutic apheresis, acquired FDA breakthrough approval for its medical equipment product, NucleoCapture. The NucleoCapture device is engineered to clean patient’s blood from neutrophil extracellular traps (NETs), which are identified as a factor that contributes to the occurrence of sepsis and other ailments. It stands as the first of its kind, a fully operational product designed to seize and eliminate circulating NETs from patient’s blood, facilitating safe removal of NETs without disrupting the defensive role of neutrophils.

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What Are the Leading Regions in the Blood Purification Equipment Market Expansion?

Asia-Pacific was the largest region in the blood purification equipment market in 2023. The regions covered in the blood purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Blood Purification Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the blood purification equipment market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Blood Purification Equipment Market Include

1. Blood Purification Equipment Market Executive Summary

2. Blood Purification Equipment Market Segments

3. Blood Purification Equipment Market Size And Template Market Growth Rate

4. Key Blood Purification Equipment Market Trends

5. Major Blood Purification Equipment Market Drivers

……

25. Key Mergers And Acquisitions In The Blood Purification Equipment Market

26. Top Blood Purification Equipment Companies

27. Blood Purification Equipment Market Opportunities And Strategies

28. Blood Purification Equipment Market, Conclusions And Recommendations

29. Appendix

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