Report ID: SQMIG35A2403
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.
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Report ID: SQMIG35A2403