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According to The Insight Partners market research study titled ‘Blood Purification Equipment Market to 2027 – Global Analysis and Forecasts by Product, End User and Geography. The global blood purification equipment market is expected to reach US$ 5,502.8 Mn in 2027 from US$ 3,881.3 Mn in 2018. The market is estimated to grow with a CAGR of 4.0% from 2019-2027. The report highlights the trends prevalent in the global blood purification equipment market and the factors driving the market along with those that act as challenges to its growth.

Blood purification equipment work similar to the dialysis equipment. These equipment use thin fibers to capture and remove viruses and filters the blood. The equipment requires the drawing of blood through an artery, which is sent through a tube into the equipment, then back into the body. The growth of the global blood purification equipment market is attributed to the increasing prevalence of chronic kidney diseases, technological advancements in hemodialysis and rising adoption of home based healthcare. However, high cost of blood purification and complications associated with blood purification are the major factor hindering the market growth.

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The major players operating in the blood purification equipment market include, CytoSorbents Corporation, Fresenius Medical Care. (NxStage Medical, Inc.), Spectral Medical Inc., Baxter International Inc., Nikkiso Co, Inc., Haemonetics Corporation, B. Braun Melsungen AG, Medtronic plc (Bellco), Jafron Biomedical Co., Ltd., and Kaneka Medix Corp and others.

The market has carried out various organic and inorganic growth strategies in the market. The organic strategies were conducted majorly and these strategies have assisted in strengthening their product offering in the market.

Global blood purification equipment market was segmented by product, end user. The market based on product segment is classified as hemodialysis device, blood filtration device, continuous renal replacement therapy (crrt) device, hemoperfusion device, and plasma exchange device. On the basis of the end user the market is classified as medical centre, hospitals, and others

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The market for blood purification equipment is expected to grow significantly due to factors such as rising increasing prevalence of chronic kidney diseases, technological advancements in hemodialysis and rising adoption of home based healthcare. However, the market is likely to experience restriction on its growth owing to the factors such as high cost of blood purification and risks associated with blood purification.

Adults suffering with high blood pressure, diabetes or both are at high risks of developing chronic kidney diseases. According to the Centers for Disease Control and Prevention (CDC), 30 million people that approximates to 15% of the adult US population were estimated to have chronic kidney disease in 2017. Of these patients, diabetes and high blood pressure was reported to be a cause for 44% and 29% population respectively.

The mortality rate due to chronic kidney diseases has also witnessed a surge over years. The 2015 study of Global Burden of Diseases conducted by the World Health Organization (WHO) states that 1.2 million people died from kidney failure, which increased by 32% from 2005. Furthermore, the WHO also reported that approximately 2.3 million patients suffering with end-stage kidney disease died due to lack of access to dialysis. The incorporation of multiple hemodialysis units around the globe is thus expected to drive the growth of the market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense, Food & beverage, Chemical and Materials, Semiconductors etc.

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