Continuous Renal Replacement Therapy Market Expected To Grow At CAGR Of 8.6% From 2023 To 2030

0
76

Continuous Renal Replacement Therapy Industry Overview

The global continuous renal replacement therapy market size was valued at USD 1,356.7 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% from 2023 to 2030.

Rising incidence of acute kidney injury (AKI), increasing incidence of sepsis, rapid increase in the volume of hospitals and urgent care centers, growing hospital admissions rate, and constant product launches by prominent market players are a few factors driving the demand for CRRT, thereby propelling the market growth. According to the American Kidney Fund, 37 million U.S. citizens are living with kidney disease and 807,000 people in the U.S. are diagnosed with kidney failure.

Gather more insights about the market drivers, restrains and growth of the Continuous Renal Replacement Therapy Market

Furthermore, the pandemic also led to a surge in demand for CRRT worldwide. As a result, the market for continuous renal replacement therapy witnessed an increase in financial incentives as well as regulatory support from various government agencies. In addition, the FDA imposed tight regulations requiring manufacturers to ensure the availability of high-quality CRRT devices in intensive care units.

The increased demand for advanced CRRT devices as a result of improved patient outcomes is a high-impact major driver of the market for continuous renal replacement therapy. The current CRRT technology has made it possible to analyze and respond to technical data in a complete manner. These improvements have resulted in a detailed examination of prescription and delivery patterns, which has had a favorable impact on clinical results from the standpoint of quality assurance. The most recent CRRT machines allow automated data gathering and uniform language, allowing for cross-institutional comparisons. Several major market manufacturers have introduced sophisticated CRRT machines that use these technologies, which is expected to boost the growth of the market.

Furthermore, the development of improved pediatric CRRT products is projected to the market for continuous renal replacement therapy in the near future. Pediatric patients who require CRRT have traditionally been treated with systems that are created and indicated for adults and are not licensed for pediatric usage, which can lead to clinical problems in neonates. As a result, various manufacturers currently offer a range of renal care solutions that enhance access to care, results, and quality of life for patients with severe renal disease or injury anywhere in the globe, regardless of their size or age, which is projected to fuel market expansion.

According to American Hospital Association in 2023, there were 5,157 community hospitals, 206 federal government hospitals, and 107 other hospitals in the U.S. In addition, the significant increase in the number of hospital admissions for AKI along with the increasing geriatric population is boosting the demand for CRRT systems, thereby propelling market growth. Moreover, according to the Centers for Disease Control and Prevention in 2021, nearly 786,000 people in the U.S. were living with ESKD, also known as end-stage renal disease (ESRD), with 71% on dialysis and 29% with a kidney transplant. As of 2020, there were around 7,500 dialysis clinics in the U.S.

Browse through Grand View Research's Medical Devices Industry Research Reports.

Continuous Renal Replacement Therapy Market Segmentation

Grand View Research has segmented the global continuous renal replacement therapy market on the basis of product, modality, and region:

Continuous Renal Replacement Therapy Product Outlook (Revenue, USD Million, 2018 - 2030)

  • System
  • Consumables

Continuous Renal Replacement Therapy Modality Outlook (Revenue, USD Million, 2018 - 2030)

  • Slow Continuous Ultra-Filtration (SCUF)
  • Continuous Venovenous Hemofiltration (CVVH)
  • Continuous Venovenous Hemodialysis (CVVHD)
  • Continuous Venovenous Hemodiafiltration (CVVHDF)

Continuous Renal Replacement Therapy Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Sweden
    • Norway
    • Denmark
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Thailand
    • South Korea
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Kuwait

Key Companies profiled:

  • Braun Melsungen AG
  • Baxter International, Inc.
  • Fresenius Medical Care AG & Co. KGaA
  • Asahi Kasei Corporation
  • NIPRO Corporation
  • Toray Medical Co., Ltd
  • NxStage Medical, Inc.
  • Medtronic PLC

Key Companies & Market Share Insights

With the increased demand for CRRT products, global manufacturers are speeding up manufacturing while also improving it with cost-effective solutions. For instance, in March 2022, Nipro, a leader in manufacturing of renal products, announced full-scale commercial launch of SURDIAL DX. It is a futuristic hemodialysis system that is designed to create optimal dialysis treatment.

In April 2022, Baxter International announced the FDA (510k) clearance of ST set used in continuous renal replacement therapy. It is pre-connected, extracorporeal, and uses a semipermeable membrane to purify blood and is used with PrisMax or Prismaflex.

Leading organizations in the market are enforcing improved product quality through mergers and acquisitions along with increasing awareness regarding diseases to support education for healthcare professionals. For instance, in June 2021, Fresenius Medical Care inaugurated its training center in Korea, to support education for healthcare professionals in critical care, renal care, and treatment strategies.

Order a free sample PDF of the Continuous Renal Replacement Therapy Market Intelligence Study, published by Grand View Research. 

Rechercher
Catégories
Lire la suite
Autre
Magnesium Raw Materials Market Application, Breaking Barriers, Key Companies Forecast 2030
Global Magnesium Raw Materials Market Size is valued at 4.84 Billion in 2023 and is expected...
Par Ashpak Bahamad 2024-07-30 05:24:44 0 114
Jeux
เว็บUFA888 สุดยอดเว็บพนันออนไลน์อันดับ 1
หากนักพนันท่านใด ที่กำลังต้องการเล่นพนันออนไลน์กับเว็บไซต์ที่ให้บริการอย่างมีมาตรฐาน และ...
Par Admin สีแก้วใส 2021-11-25 11:16:14 0 1KB
Autre
Navigation through London: Employment and Property Solicitors
The professional services of a trained solicitor are invaluable whether one is an employee who...
Par CDS Mayfair 2024-09-05 09:21:10 0 158
Health
Banish Breakouts: Achieve Clear Skin with Anti-Acne Face Wash
It seems like every day I'm fighting knives-like acne scars, and I don't know how to win them....
Par Aayan Mehra 2024-04-11 07:13:46 0 305
Autre
SAT-Test Exam Dumps: Your Key to Success
SAT-Math Test F.A.Q. How would I breeze through the SAT-Math test? Appreciate rehearsing with...
Par Herihe Laymro 2024-02-13 07:06:00 0 614