Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1043 Million | USD 2043.3 Million | 7.88% | 2023 |
According to a report from Zion Market Research, the global Continuous Renal Replacement Therapy (CRRT) Market was valued at USD 1043 Million in 2023 and is projected to hit USD 2043.3 Million by 2032, with a compound annual growth rate (CAGR) of 7.88% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Continuous Renal Replacement Therapy (CRRT) industry over the next decade.
A process wherein extracorporeal blood purification is done to substitute for the renal dysfunction for an extended period of time is known as continuous renal replacement therapy (CRRT). It is a therapy of renal replacement for the patients that are hemodynamically unstable, catabolic septic, and the fluid is overloaded.
Acute renal failure is a common disease in patients that are critically ill and this result in morbidity and mortality. To manage the acute renal failure in the patients that are admitted to intensive care units and critical units is the major application of the CRRT. The CRRT has become popular among the renal failure patients owing to the high survival rate.
The global continuous renal replacement therapy market is segmented into product, modality, and regions.
On the basis of product, the global market is segregated into CRRT disposables, bloodlines, replacement and dialysate fluids, CRRT systems, hemofilter, and other disposables.
Based on the modality, the market is categorized into continuous venovenous hemofiltration (CVVH), continuous venovenous hemodiafiltration (CVVHDF), slow continuous ultrafiltration (SCUF), and continuous venovenous hemodialysis (CVVHD).
Geographically, the continuous renal replacement therapy market is diversified into Asia-Pacific, Europe, North America, and Rest of the World.
Report Attributes | Report Details |
---|---|
Report Name | Continuous Renal Replacement Therapy (CRRT) Market |
Market Size in 2023 | USD 1043 Million |
Market Forecast in 2032 | USD 2043.3 Million |
Growth Rate | CAGR of 7.88% |
Number of Pages | 110 |
Key Companies Covered | Baxter, Nikkiso Co., Ltd., Infomed SA, Toray Medical Co., Ltd., NxStage Medical, Inc., B. Braun Medical Inc., Medical Components, Inc., Fresenius Medical Care, Medica S.p.A., and asahi kasei medical Co., Ltd |
Segments Covered | By Product, By Modality And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The factors that are driving the continuous renal replacement therapy market include the rising aging population, an increase in the number of patients that are admitted to the ICU, the preferences of the healthcare practitioners have changed from conventional hemodialysis method to CRRT owing to its benefits, and the technological advancements that are made in CRRT. The continuous rise in investments in order to develop the healthcare industry and the rising disposable incomes are some of the other factors that are triggering the continuous renal replacement therapy market growth. The factors that are holding back the market growth are the high cost of the CRRT systems, lack of skilled professionals to handle the CRRT systems, strict regulations made by the government.
The region that accounted for the largest market share in the continuous renal replacement market is Europe. The factors attributed to this growth include the increasing aging population and the increase in cases of acute kidney injury. The emerging markets in the Asia-Pacific region include India and China which are creating a huge demand for the CRRT owing to the factors such as an increase in the investments made in the healthcare sector, an increase in the cases of acute kidney injury, and the aging population.
The major market players in the continuous renal replacement therapy include -
The report segments the Global Continuous Renal Replacement Therapy (CRRT) market as follows:
Global Continuous Renal Replacement Therapy (CRRT) Market: Product Segment Analysis
Global Continuous Renal Replacement Therapy (CRRT) Market: Modality Segment Analysis
Global Continuous Renal Replacement Therapy (CRRT) Market: Regional Segment Analysis
FrequentlyAsked Questions
A process wherein extracorporeal blood purification is done to substitute for the renal dysfunction for an extended period of time is known as continuous renal replacement therapy (CRRT).
The factors that are driving the continuous renal replacement therapy market include the rising aging population, an increase in the number of patients that are admitted to the ICU, the preferences of the healthcare practitioners have changed from conventional hemodialysis method to CRRT owing to its benefits, and the technological advancements that are made in CRRT.
According to a study, the global Continuous Renal Replacement Therapy Industry size was $1043 Million in 2023 and is projected to reach $2043.3 Million by the end of 2032.
The global Continuous Renal Replacement Therapy market is expected to grow at a CAGR of 7.88% during the forecast period.
Baxter, Nikkiso Co., Infomed SA, Toray Medical Co., NxStage Medical, B. Braun Medical Inc., Medical Components, Fresenius Medical Care, Medica S.p.A., asahi kasei medical Co.
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