USD 1.2 Billion
Report ID:
SQMIG35A2403 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
88
|Figures:
76
Global Continuous Renal Replacement Therapy Market size was valued at USD 1.30 billion in 2022 and is poised to grow from USD 1.40 billion in 2023 to USD 2.61 billion by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).
The market for Continuous Renal Replacement Therapy (CRRT) is expected to witness significant growth due to the high number of COVID-19 patients developing Acute Kidney Injury (AKI) and requiring CRRT. The demand for CRRT appears to be five times higher in COVID-19 patients compared to historical populations, leading to a surge in the utilization of CRRT during the pandemic. Initiatives taken by manufacturers and governments to increase awareness about CRRT and CKD have also contributed to market growth. The pandemic has created opportunities for local manufacturers, and the rising prevalence of fluid overload and improved patient outcomes are driving the demand for advanced CRRT devices. Additionally, the development of improved pediatric CRRT products is projected to fuel market expansion. The U.S. dominates the CRRT market, attributed to the rising prevalence of AKI, many hospitals, and a well-developed healthcare infrastructure. The increasing number of hospital admissions for AKI and the growing prevalence of end-stage renal disease further contribute to market growth in the U.S.
US Continuous Renal Replacement Therapy Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.2 Billion
Largest Segment
Hospitals
Fastest Growth
Disposables
Growth Rate
7.38% CAGR
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Global Continuous Renal Replacement Therapy Market is segmented on the product, modality, age group, end user, and region. By product, market is segmented into dialysate & replacement fluids, disposables, and CRRT Systems. By modality, market is segmented into continuous venovenous hemofiltration, continuous venovenous hemodiafiltration, continuous venovenous hemodialysis, and slow continuous ultrafiltration. By age group, market is segmented into adults, and pediatrics & neonates. By end user, market is segmented into hospitals, ambulatory care, home care, and other end users. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Continuous Renal Replacement Therapy Market Analysis By Product Type
The consumables segment holds the largest share in the Continuous Renal Replacement Therapy (CRRT) market. This segment includes hemofilters, line sets, fluid/dialysate, and accessories, which are essential components for CRRT procedures. Companies like Baxter and Fresenius offer a range of consumables across different modalities to meet the needs of patients with renal diseases.
These machines play a crucial role in delivering renal therapy and incorporate features such as blood and fluid pumps, user-friendly interfaces, scales, and safety measures. Technological advancements, such as improved permeability and integration with Electronic Medical Record (EMR) systems, are driving the growth of this segment. Manufacturers are focusing on developing sophisticated devices that offer safe and consistent performance during CRRT procedures.
Continuous Renal Replacement Therapy Market Analysis By Modality
The Continuous Venovenous Hemofiltration (CVVH) segment holds the largest market share in the continuous renal replacement therapy (CRRT) market, accounting for 31.5% of the revenue in 2021. The prevalence of fluid overload cases in acute kidney injury patients in critical care units is a significant driver for the growth of the CVVH segment. Fluid overload is directly linked to conditions like congestive heart failure, which increases the demand for CVVH treatment. These factors are expected to contribute to the growth of the CVVH segment over the forecast period.
On the other hand, the Continuous Venovenous Hemodiafiltration (CVVHDF) segment is projected to witness the highest compound annual growth rate in the CRRT market. CVVHDF combines hemodialysis and hemofiltration modalities by using a highly efficient hemodiafilter to remove both fluid and solute from the blood. This treatment method offers complete removal and replacement of fluid and solute, making it the most widely used CRRT modality for acute kidney injury in various countries. The higher survival rate associated with CVVHDF compared to other CRRT modalities is expected to drive its market growth significantly during the forecast period.
Continuous Renal Replacement Therapy Market Application by End-User
The hospitals segment holds a significant share of the CRRT market and is expected to experience steady growth. Hospitals are the primary healthcare settings where CRRT is performed, especially in critical care units. The increasing prevalence of acute kidney injury (AKI) and the rising number of hospital admissions for renal diseases contribute to the growth of CRRT utilization in hospitals. Additionally, the availability of advanced CRRT machines and the presence of skilled medical professionals in hospitals further drive the growth of this segment.
The clinics segment is projected to witness substantial growth in the CRRT market. Dialysis clinics and specialized renal care clinics play a crucial role in providing CRRT services to patients with chronic kidney diseases (CKD) and end-stage renal disease (ESRD). The growing prevalence of CKD and ESRD, coupled with the increasing number of dialysis clinics worldwide, boosts the demand for CRRT in clinics. Moreover, clinics offer convenient and accessible treatment options for patients requiring CRRT, contributing to the growth of this segment.
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North America dominated the continuous renal replacement therapy (CRRT) market with the highest revenue share of 35.6% in 2021. The region's market growth is driven by the increasing prevalence of the geriatric population and the rising incidence of kidney disorders. Unhealthy lifestyles and dietary habits, such as sedentary lifestyles and poor eating habits, contribute to the growing incidence of lifestyle-related diseases like kidney dysfunction, hypertension, and diabetes. In the United States, for example, millions of adults are estimated to have chronic kidney disease (CKD), creating a significant demand for CRRT. These factors contribute to the growth of the CRRT market in North America.
In the Asia Pacific region, the market for continuous renal replacement therapy is projected to experience a high compound annual during the forecast period. The region's growth is fueled by significant unmet medical needs related to diseases like diabetes, hypertension, and chronic kidney disease. The healthcare expenditure in the region is continually improving, enabling better access to CRRT and other medical treatments. China has emerged as an attractive market for medical devices. The Chinese government has implemented measures to support the medical manufacturing industry, such as reducing the Value Added Tax (VAT) for medical manufacturing companies
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Drivers of the Continuous renal replacement therapy market:
Restraints of the Continuous renal replacement therapy market:
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The competitive landscape of the Continuous Renal Replacement Therapy (CRRT) market is characterized by the presence of several key players striving for market dominance. Companies such as Baxter International Inc., Fresenius Medical Care AG & Co. KGaA, B. Braun Melsungen AG, Medtronic plc, Nikkiso Co., Ltd., Asahi Kasei Corporation, NxStage Medical, Inc., Infomed SA, Medical Components, Inc., and Bellco S.r.l. are among the prominent players in the market. These companies focus on product innovations, strategic partnerships, mergers and acquisitions, and geographical expansions to gain a competitive edge. Additionally, the market also witnesses the presence of regional players who cater to specific geographical regions, further intensifying the competition.
Continuous Renal Replacement Therapy Market Top Player’s Company Profile
Continuous Renal Replacement Therapy Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the Continuous Renal Replacement Therapy (CRRT) market is expected to witness significant growth in the future. Several factors contribute to this growth. Firstly, the increasing prevalence of acute kidney injury (AKI) and chronic kidney disease (CKD) is driving the demand for CRRT. The rising geriatric population, growing incidence of comorbidities, and the need for renal replacement therapy in critical care settings are fueling market growth. Secondly, advancements in technology, such as the development of more efficient and user-friendly CRRT machines, are enhancing the adoption of CRRT. Integration of electronic medical record (EMR) connectivity and remote monitoring capabilities further contribute to market growth. Thirdly, the trend towards home-based CRRT is expected to expand, providing patients with the convenience and flexibility of receiving treatment in their own homes. Lastly, favorable government initiatives and increased healthcare spending in developing economies are creating opportunities for market expansion. Overall, the future growth of the CRRT market is driven by the increasing demand for renal replacement therapy, technological advancements, and evolving treatment approaches.
What’s Included
NA
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.30 billion |
Market size value in 2031 | USD 2.61 billion |
Growth Rate | 8.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Continuous Renal Replacement Therapy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Continuous Renal Replacement Therapy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Continuous Renal Replacement Therapy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Report ID: SQMIG35A2403
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