Blood Purification Equipment Market Trends, Industry | 2031
Blood Purification Equipment Market Trends, Industry | 2031
Segments - Blood Purification Equipment Market by Type (Stationary and Portable), Application (Renal Disease, Sepsis, and Others), End-user (Hospitals & Clinics, Dialysis Centers, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
Blood Purification Equipment Market Outlook 2031
The global blood purification equipment market size was USD 17.17 Billion in 2022 and is likely to reach USD 27.80 Billion by 2031, expanding at a CAGR of 5.5 % during 2023–2031. The increasing prevalence of chronic diseases and blood-related disorders is expected to drive the market during the forecast period.
Blood purification equipment market is poised for growth due to the escalating demand from the global healthcare sector and the rising incidence of critical illnesses. This equipment plays a pivotal role in aiding patients experiencing difficulties in internally purifying their blood. By eliminating impurities, pathogens, and extraneous substances, the equipment ensures that the patient's blood is transfusion-ready. With chronic diseases affecting the kidneys and blood on the rise worldwide, the market is expected to witness a significant boost in the foreseeable future. For instance
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In 2021, according to the data published by the Pan American Health Organization (PAHO), kidney diseases are the eighth leading cause of death, causing about 254,028 deaths across the globe in 2021.
The research report finds that the COVID-19 pandemic boosted the market. The patients affected by the coronavirus faced critical illnesses and required intensive care from hospitals to recover. According to an article published by the National Institute of Health (NIH), the virus affected the kidney function of victims, thereby causing serious renal injuries and Chronic Kidney Diseases (CKDs). Therefore, the market had a surge in demand for blood purification equipment to help patients filter blood externally. For instance,
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In April 2020, the U.S. Food and Drug Administration (FDA) granted emergency use authorization (EUA) for a blood purification system. This system is designed to treat individuals aged 18 and above who have been admitted to the intensive care unit (ICU) with confirmed or imminent respiratory failure due to COVID-19.
Impact of Artificial Intelligence (AI) in the Blood Purification Equipment Market
The use of artificial intelligence is likely to provide substantial propulsion to the blood purification equipment market. The incorporation of AI into blood purification systems is expected to enhance operational accuracy and automation. This improvement is due to AI's effective analysis of patient data, enabling personalized treatments at dialysis centers to elevate the standard of care. For instance,
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On October 26, 2023, Fresenius Medical Care achieved phase-one completion of its Apollo database project, a significant milestone in AI aspirations. The largest global dataset in kidney disease care, it covers more than 540 Thousand dialysis patients, more than 140 Million treatments, and more than 34 Million lab assessments, emphasizing the crucial role of high-quality data for AI advancements at scale.
Blood Purification Equipment Market Dynamics
Major Drivers
Increasing prevalence of renal diseases drives the market. People affected by kidney diseases are unable to process blood purification naturally, due to the obstruction in kidney functions. The rise in number of people suffering from chronic kidney diseases and other diseases that obstruct kidney functions is expected to boost the market during the assessment period. For instance,
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On April 29, 2021, NIH data revealed a global prevalence of over 850 million individuals grappling with chronic kidney disease (CKD). This pervasive issue not only imposes a substantial healthcare and economic burden but also affects one in ten adults worldwide.
Existing Restraints
High cost of the initial equipment setting hampers the market. Blood purification equipment is costly to adopt, as they are confined to treating a certain category of diseases. The equipment requires skilled staff to operate and run maintenance tasks to ensure safety and hygiene. Therefore, the lack of skilled medical personnel to perform the procedure is another factor, likely to hinder the market growth during the forecast period.
Emerging Opportunities
Studies aiming to develop wearable dialysis devices for patients are expected to offer significant growth opportunities for the market in the forecast period. Patients with renal diseases typically need to visit clinics for blood purification to eliminate toxin buildup in the bloodstream. Developing reliable, user-friendly wearable devices is expected to enhance patient care, streamline operations, and generate significant market opportunities.
Scope of the Blood Purification Equipment Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Blood Purification Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Stationary and Portable), Application (Renal Disease, Sepsis, and Others), and End-user (Hospitals & Clinics, Dialysis Centers, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Asahi Kasei Corporation; B. Braun SE; Baxter; Fresenius SE & Co. KGaA; Healthwell Medical Tech. Co., Ltd.; Infomed SA; Jafron Biomedical Co., Ltd.; KANEKA CORPORATION; Nikkiso Co., Ltd. |
Blood Purification Equipment Market Segment Insights
Type Segment Analysis
Based on type, the blood purification equipment market is divided into stationary and portable. The portable segment is projected to hold the major share of the market during the projection period, as it adds to user convenience. It has a compact design that occupies only a small space in the hospital/clinic. It is easy to carry along for home dialysis treatments, as it is portable. The rising demand for portable hospital equipment is expected to drive the segment during the forecast period.
Application Segment Analysis
Based on application, the global market is segregated into renal disease, sepsis, and others. The renal diseases segment is projected to register a high CAGR during the forecast period, owing to the increasing prevalence of chronic diseases across the globe. Non-communicable chronic diseases such as type 1 & type 2 diabetes and high blood pressure are the leading causes of kidney-related diseases. For instance,
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In September 2023, according to the data published by the World Health Organization (WHO), 2.0 million deaths of kidney disease patients occurred, caused by diabetes.
People suffering from kidney diseases such as CKD are advised to get dialysis about twice to thrice a week. The increasing life dependency of chronic kidney disease patients is anticipated to boost the market in the coming years.
End-user Segment Analysis
Based on end-user, the blood purification equipment market is segmented into hospitals & clinics, dialysis centers, and others. The dialysis centers segment is anticipated to register a robust growth rate during the forecast period, owing to the established consumer trust in the organizations. People who suffer from renal diseases suffer from severe kidney dysfunctions. Therefore, they are required to visit the dialysis center where equipment such as a hemodialysis machine, purifies their blood, replacing the job of their kidneys. The increasing awareness regarding renal disease treatments is anticipated to boost the segment in the coming years.
Regional Outlook
In terms of region, the global blood purification equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to the increasing prevalence of kidney diseases in the region. For instance,
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On May 30, 2023, in a report published by the CDC, CKD is the leading cause of death in the US, and about 35.5 Million of the US population are suffering from CKD.
Countries such as the US and Canada are one of the large healthcare providers across the globe, which is expected to drive the market during the assessment period.
Asia Pacific is expected to dominate the market during the projection period, owing to the progressive healthcare infrastructure in the region. Governments of developing economies such as India, China, the Philippines, and Singapore are constantly focused on making healthcare facilities increasingly accessible to patients. Furthermore, the rising prevalence of chronic diseases is expected to drive the market in the coming years.
Segments
The blood purification equipment market has been segmented based on
Type
- Stationary
- Portable
Application
- Renal Disease
- Sepsis
- Others
End-user
- Hospitals & Clinics
- Dialysis Centers
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Asahi Kasei Corporation
- B. Braun SE
- Baxter
- Fresenius SE & Co. KGaA
- Healthwell Medical Tech. Co., Ltd.
- Infomed SA
- Jafron Biomedical Co., Ltd.
- KANEKA CORPORATION
- Nikkiso Co., Ltd
Competitive Landscape
Key players competing in the global blood purification equipment market are Asahi Kasei Corporation; B. Braun SE; Baxter; Fresenius SE & Co. KGaA; Healthwell Medical Tech. Co., Ltd.; Infomed SA; Jafron Biomedical Co., Ltd.; KANEKA CORPORATION; Nikkiso Co., Ltd.
These companies adopted development strategies, including mergers, partnerships, collaboration, product launches, and production expansion to get an edge over the competitors. For instance,
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On November 4, 2023, B. Braun SE acquired Intermedt Medizin & Technik GmbH. The company specializes in making dialysis concentrates used in hemodialysis, using ECOMix.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Blood Purification Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Blood Purification Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Blood Purification Equipment Market - Supply Chain
4.5. Global Blood Purification Equipment Market Forecast
4.5.1. Blood Purification Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Blood Purification Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Blood Purification Equipment Market Absolute $ Opportunity
5. Global Blood Purification Equipment Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Blood Purification Equipment Market Size and Volume Forecast by Types
5.3.1. Stationary
5.3.2. Portable
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Blood Purification Equipment Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Blood Purification Equipment Market Size and Volume Forecast by Applications
6.3.1. Renal Disease
6.3.2. Sepsis
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Blood Purification Equipment Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Blood Purification Equipment Market Size and Volume Forecast by End Users
7.3.1. Hospitals & Clinics
7.3.2. Dialysis Centers
7.3.3. Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Blood Purification Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Blood Purification Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Blood Purification Equipment Demand Share Forecast, 2019-2026
9. North America Blood Purification Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Blood Purification Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Blood Purification Equipment Market Size and Volume Forecast by Types
9.4.1. Stationary
9.4.2. Portable
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Blood Purification Equipment Market Size and Volume Forecast by Applications
9.7.1. Renal Disease
9.7.2. Sepsis
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Blood Purification Equipment Market Size and Volume Forecast by End Users
9.10.1. Hospitals & Clinics
9.10.2. Dialysis Centers
9.10.3. Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Blood Purification Equipment Demand Share Forecast, 2019-2026
10. Latin America Blood Purification Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Blood Purification Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Blood Purification Equipment Market Size and Volume Forecast by Types
10.4.1. Stationary
10.4.2. Portable
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Blood Purification Equipment Market Size and Volume Forecast by Applications
10.7.1. Renal Disease
10.7.2. Sepsis
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Blood Purification Equipment Market Size and Volume Forecast by End Users
10.10.1. Hospitals & Clinics
10.10.2. Dialysis Centers
10.10.3. Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Blood Purification Equipment Demand Share Forecast, 2019-2026
11. Europe Blood Purification Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Blood Purification Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Blood Purification Equipment Market Size and Volume Forecast by Types
11.4.1. Stationary
11.4.2. Portable
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Blood Purification Equipment Market Size and Volume Forecast by Applications
11.7.1. Renal Disease
11.7.2. Sepsis
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Blood Purification Equipment Market Size and Volume Forecast by End Users
11.10.1. Hospitals & Clinics
11.10.2. Dialysis Centers
11.10.3. Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Blood Purification Equipment Demand Share Forecast, 2019-2026
12. Asia Pacific Blood Purification Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Blood Purification Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Blood Purification Equipment Market Size and Volume Forecast by Types
12.4.1. Stationary
12.4.2. Portable
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Blood Purification Equipment Market Size and Volume Forecast by Applications
12.7.1. Renal Disease
12.7.2. Sepsis
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Blood Purification Equipment Market Size and Volume Forecast by End Users
12.10.1. Hospitals & Clinics
12.10.2. Dialysis Centers
12.10.3. Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Blood Purification Equipment Demand Share Forecast, 2019-2026
13. Middle East & Africa Blood Purification Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Blood Purification Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Blood Purification Equipment Market Size and Volume Forecast by Types
13.4.1. Stationary
13.4.2. Portable
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Blood Purification Equipment Market Size and Volume Forecast by Applications
13.7.1. Renal Disease
13.7.2. Sepsis
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Blood Purification Equipment Market Size and Volume Forecast by End Users
13.10.1. Hospitals & Clinics
13.10.2. Dialysis Centers
13.10.3. Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Blood Purification Equipment Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Blood Purification Equipment Market: Market Share Analysis
14.2. Blood Purification Equipment Distributors and Customers
14.3. Blood Purification Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Asahi Kasei Corporation
14.4.2. B. Braun SE
14.4.3. Baxter
14.4.4. Fresenius SE & Co. KGaA
14.4.5. Healthwell Medical Tech. Co., Ltd.
14.4.6. Infomed SA
14.4.7. Jafron Biomedical Co., Ltd.
14.4.8. KANEKA CORPORATION
14.4.9. Nikkiso Co., Ltd
14.4.10.
Methodology
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