At 7.3% CAGR, Continuous Renal Replacement Therapy (CRRT) Market Size is Expected to Exhibit 1.8 billion USD by 2027

Market Study Report adds new research on Continuous Renal Replacement Therapy (CRRT) market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Continuous Renal Replacement Therapy (CRRT) market also includes an in-depth study of the industrys competitive scenario.

Global Continuous Renal Replacement Therapy (CRRT)Market to reach USD 1.8 billion by 2027.  Global Continuous Renal Replacement Therapy (CRRT)Market is valued approximately at USD 1.1billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.3% over the forecast period 2021-2027.

Major market player included in this report are:

  • Baxter International Inc.
  • Fresenius Medical Care AG & Co. KGaA
  • Braun Melsungen AG
  • Asahi Kasei Corporation
  • Toray Medical Co., Ltd.
  • Infomed SA
  • Medtronic plc
  • Medica S.p.A.
  • Medical Components, Inc.

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As per the National Center for Biotechnology Information (United States National Library of Medicine, National Institutes of Health), article 2019, nearly 5%-10% of patients with acute kidney injury need renal replacement therapy during their stay at ICU, and with mortality rate ranging between 30% and 70%. Further, according to the International Society of Nephrology, about 13.3 million cases ofacute kidney injuryare witnessed each year with nearly 11.3 million in emerging economies.

Continuous renal replacement therapy, commonly known as a blood purification therapyis primarilyadopted to offer renal support to critically ill patients who have acute kidney injuries, mainly patients who are hemodynamically unstable. The global continuous renal replacement therapy (CRRT)marketis being driven byrising incidences of acute kidney injury, increasing prevalence of hypertension and diabetes, clinical advantagesoffered by CRRT over intermittent blood purification, technological developments worldwide, etc.

In addition, about 1.7 milliondeaths are caused due to acute kidney injury worldwide out of which, nearly 0.4 million deaths are caused in low and middle income countries. Such prevalence of acute kidney injury increases the requirement forcontinuousrenal replacement therapy which drives the market.

The regional analysis of the global Continuous Renal Replacement TherapyMarket is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North Americais the leadingregion across the world in terms of market share due to prevalence of kidney related disorders, incidences of acute kidney injury across the region.

Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027due to prevalence of hypertension, diabetes, and chronic kidney disease,improvement of healthcare infrastructure and expenditureacross the region.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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