Description
The
global continuous renal replacement therapy (CRRT) market is expected to reach
USD 1.4 billion by 2025, according to a new report by Grand View Research, Inc.
The magnitude of the global target diseases, such as kidney diseases, and
diabetes, is immense, with millions of new cases registered every year. This in
turn is anticipated to boost the usage of CRRT treatment procedure.
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Increasing
incidence of volume overload, uremia, and hyperkalemia is increasing the
application of renal replacement therapy, thereby boosting the overall growth
of the market. For individuals suffering from acute kidney injury and severe
multi-organ dysfunction, CRRT can prove to be beneficial when started early to
maintain metabolic and volume homeostasis. In addition, CRRT prevents further
worsening and development of symptoms and signs of renal failure.
Further key findings from the study
suggest:
•
The market study suggests that consumables segment dominated the overall market
in 2016. The factors triggering the
growth the segment are increasing application of hemofilters, fluids, charcoal
filters and others consumables in CRRT
•
Moreover, constant repeat purchase of consumables due to their one-time use is
adding up to the revenue generation for the segment
•
Amongst the modality segments, continuous venovenous hemofiltration (CVVH)
occupied the largest share in 2016. Increasing incidence of fluid overload
cases which is frequently found in acute kidney injury patients in critical
care units, would boost growth of CVVH market.
•
The continuous venovenous hemodiafiltration (CVVHDF) segment is expected to
grow at the highest growth rate during the forecast period. CVVHDF is associated with improved survival
rate when compared to other CRRT modalities due to combination of principles of
diffusion and convection, i.e., hemofiltration and hemodialysis using a highly
efficient hemodiafilter to remove both solute and fluid.
•
North America accounted for the largest share in 2016, due to increasing
prevalence of kidney disorders, and congestive heart failure in the region.
•
In addition, increasing incidences of acute kidney injury cases leading to
increased creatinine level, hyperkalemia, and uremia are a few high
impact-rendering drivers for the market in North America.
•
Asia Pacific is expected to foresee significant growth during the forecast
period. The high-unmet medical needs pertaining to the target disease segment,
such as diabetes, hypertension, and chronic kidney disease, coupled with
constantly improving healthcare expenditure in the region are some of the key
factors attributing to market growth
•
Some of the major companies operating in this market are B. Braun Melsungen AG,
Baxter International, Inc., Fresenius Medical Care AG & Co. KGaA, Asahi
Kasei Corporation, NIPRO Corporation, Toray Medical Co., Ltd, NxStage Medical,
Inc., Medtronic plc, and others
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Table of Contents
Chapter 1 Research Methodology
1.1
Information Procurement
1.2
Data Analysis
1.3
Approaches for Market Estimation
1.3.1
Approach 1: Demand analysis &bottom-up approach
1.3.2
Approach 2: Top-down market estimation
1.3.3
Approach 3: Commodity flow and bottom-up market estimation
Chapter 2 Executive Summary
2.1
Market Snapshot
Chapter 3 Continuous Renal Replacement
Therapy Market Variables, Trends & Scope
3.1
Market Segmentation
3.2
Market Size and Growth Prospects
3.2.1
Market driver analysis
3.2.2
Market restraint analysis
3.3
Key Opportunities Prioritized
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