Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.80 Billion | USD 16.29 Billion | 7.10% | 2021 |
FrequentlyAsked Questions
The market for blood purification equipment is expected to expand rapidly due to the significant expansion of blood purification therapy in recent decades and its growing use to treat various medical conditions that cannot be treated with traditional methods like surgery or drug administration.
According to the report, the global blood purification equipment market was worth about 10.80 (USD billion) in 2021 and is predicted to grow to around 16.29 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 7.10%.
The global blood purification equipment market is predicted to be dominated by North America. The dominance can be linked to an increase in endocrine disorders, a sophisticated healthcare system, and more awareness compared to other countries.
Some of the main competitors dominating the global blood purification equipment market include - Baxter International Inc., Aethlon Medical Inc., Cerus Corporation, Spectra Medical Inc., Cytosorbents Corporation, ExThera Medical Corporation, Fresenius SE & Co. KGaA, Jafron Biomedical Co. Ltd., Nikkiso Co. Ltd., and B. Braun Melsungen AG.
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