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Continuous Renal Replacement Therapy Market 2020 by industry trends, statistics, key companies growth and regional forecast

Author : Ronak Bora | Published Date : 2020-09-11 

Continuous Renal Replacement Therapy Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Continuous renal replacement therapy (CRRT) is an effective therapy used in the treatment of chronic kidney disease and acute kidney injury (AKI). In May 2020, the International Society of Nephrology (ISN) had reported that nearly 20% of COVID-19 patients have developed abnormalities in kidneys, including AKI.

In a webcast from the U.S. and Italy, it had been reported and shared that in the current pandemic, CRRT is the preferred choice of treatment for dialyzing COVID-19 patients with AKI. Sustained nature of the pandemic in the near future is likely to create favorable opportunities for the CRRT industry.

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A rising occurrence of diabetes and subsequent kidney failure among the world population is fueling global continuous renal replacement therapy market size, which is set to surpass US$1.4 billion by 2025. Following are some of the major trends augmenting the industry forecast.

Diabetes is among the major factors causing renal failures. The disease disrupts blood vessels in the kidney which adversely affects its functioning. It has been reported that people diagnosed with type-2 diabetes have a higher risk of suffering from disorders associated with kidney failure.

As a result, diabetic people heavily rely on CRRT to ensure optimum functioning of kidneys. A massive global occurrence of diabetes, especially type-2 diabetes, and an expanding geriatric population base will undeniably bolster future CRRT industry trends.

In addition to renal disorders, CRRT can be also used for the treatment of non-renal disorders such as inflammatory syndromes and sepsis. CRRT plays a pivotal role in removing mediators from blood circulation.

CRRT has been increasingly used in the treatment of non-renal disorders over the past few years. Considering the type of therapy, non-renal segment was valued at more than US$180 million and is projected to witness notable growth in the upcoming years.

During a continuous renal replacement therapy, consumables are generally preferred due to lower cost and exceptional quality. During treatment, these consumables need to be replaced at each step to prevent contamination, as recycled consumables such as fistula may put a patient’s life at risk. As a result, high replacement rate of consumables will certainly fuel their consumption. Consumables product segment is poised to grow at a CAGR of more than 7% through 2025.

In terms of the regional outlook, Europe CRRT industry size is expected to grow at a 6% CAGR by 2025. The regional growth can be attributed to an increasing number of baby boomers who are at a significant risk of developing chronic diseases. The region is also home to massive elderly population base. These factors combined with a growing occurrence of diabetes across European countries will certainly complement the regional outlook. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/continuous-renal-replacement-therapy-market

Partial Chapter of the Table of Content 

Chapter 5. Continuous Renal Replacement Therapy Market, By Product

5.1. Key segment trends

5.2. Instruments

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Consumables

5.3.1. Market size, by region, 2014-2025 (USD Million)

Chapter 6. Continuous Renal Replacement Therapy Market, By Therapy

6.1. Key segment trends

6.2. Renal

6.2.1. Market size, by region, 2014-2025 (USD Million)

6.3. Non-renal

6.3.1. Market size, by region, 2014-2025 (USD Million)

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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