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

Market Growth and Projections

• The blood purification equipment market has witnessed substantial growth.
• Expected to rise from $19.9 billion in 2023 to $21.28 billion in 2024, with a CAGR of 6.9%.
• Forecasted to reach $28.71 billion in 2028, with a CAGR of 7.8%.

Drivers of Growth

• Increased renal diseases and aging population.
• Government initiatives supporting healthcare.
• Growing ICU admissions and rising chronic conditions.

Factors Contributing to Future Growth

• Home-based dialysis solutions.
• Focus on cost-effectiveness and personalized treatment.
• Regulatory support for renal replacement therapies innovation.

Major Trends in the Forecast Period

• Personalized medicine approaches.
• Enhanced connectivity in blood purification systems.
• Collaborations and partnerships among industry players.
• Expanded applications of blood purification equipment.
• Integration of multi-modal therapies for improved patient outcomes.

Blood Purification Equipment Market Surge Driven By Increasing Kidney Transplants

• Kidney transplants play a significant role in market growth.
• Blood purification equipment aids in managing patients post-transplant.
• More than 25,000 kidney transplants performed in the US in 2022, driving market demand.

Transformative Advancements In Blood Purification Technology

• Product innovations crucial for market competitiveness.
• Example: Toray Industries’ FILTRYZER HDF, Japan’s first PMMA hollow fiber membrane-based hemodiafiltration device.
• Enhances toxin removal and biocompatibility, improving treatment for kidney failure.

1. L. Gore & Associates Acquires InnAVasc Medical Strengthening Dialysis Access Solutions Portfolio

• W. L. Gore & Associates acquires InnAVasc Medical, enhancing its dialysis access solutions.
• Acquisition brings graft technology to Gore’s portfolio for safe and durable dialysis access.
• InnAVasc Medical focuses on designing products for vascular access for hemodialysis.

Market Segmentation

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

Regional Insights

• Asia-Pacific emerged as the largest region in the blood purification equipment market in 2023.

In summary, the blood purification equipment market is experiencing robust growth driven by increasing kidney transplants, technological advancements, and strategic acquisitions. With a focus on personalized treatment and expanded applications, the market is poised for further expansion in the coming years. As industry players continue to innovate and collaborate, the landscape of blood purification technology is set to evolve, offering improved solutions for patients with renal diseases and other indications globally.

View More On The Blood Purification Equipment Market Report 2024 – https://www.thebusinessresearchcompany.com/report/blood-purification-equipment-global-market-report

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