The global renal replacement therapy market is growing at a considerable CAGR of around 7.3% during the forecast period. The key factors that drive the market growth include, increasing Incidence of Acute kidney injury (AKI) across the globe, the growing number of ICU Patients is projected to enhance the market growth, increasing incidence of Sepsis, and Increasing technological advancement also acts as a market driver. Additionally, the increasing prevalence of chronic disease is expected to drive the growth of the renal replacement therapy market. Renal replacement therapy is being generally used in modern intensive precaution settings. Diagnosing, and dealing with critically ill patients having renal dysfunction is a part of the daily routine of an intensivist. Renal replacement therapy plays an important role in ICU in the treatment of patients having renal failure, acute as well as chronic, and it has spread its domains to the treatment of many other disease conditions, such as myasthenia gravis, septic shock, and acute-on-chronic liver failure. For instance, in August 2020, Baxter International Inc. received (EUAs) Emergency use authorization approval from the US (FDA) Food and Drug Administration for the company’s HF20 Set and ST Set used in continuous renal replacement therapy (CRRT). The HF20 Set is approved to provide continuous renal replacement therapy to treat patients having low weight (8-20 kg) and low blood volume who cannot tolerate a larger extracorporeal circuit volume in an acute care environment through the COVID-19 pandemic.
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The market is segmented based on therapy type and end-user. Based on therapy, the market is segmented into dialysis, hemodialysis, and peritoneal dialysis. On the basis of end-user, the market is segmented into hospitals & clinics and research institutes.
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The global renal replacement therapy market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to hold a considerable share in 2020 in the global renal replacement therapy market. Some factors that are boosting the market growth in the region include increased demand with the presence of a large number of key market players. The region has an increasing incidence of AKI due to the rapidly growing elder population. The region has a high utilization rate, and an increasing number of approvals for CRRT systems of (CRRT) continuous renal replacement therapy drives the growth of the renal replacement therapy market in the region.
Global Renal Replacement Therapy Market – Segmentation
by Therapy Type
Dialysis
Hemodialysis
Peritoneal Dialysis
Hemofiltration
Hemodiafiltration
Kidney Transplantation
by End-User
Hospitals and Clinics
Research Institutes
Global Renal Replacement Therapy Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
AngioDynamics
Asahi Kasei Corp.
B. Braun Melsungen AG
Baxter.
C. R. Bard, Inc.
Cantel Medical.
CryoLife, Inc.
DaVita Inc.
Diaverum Corporate
Fresenius Medical Care AG & Co.
Hebei Ziweishan Pharmaceutical Co., Ltd.
Isopure Corp.
JMS Co., Ltd.
Kawasumi Laboratories, Inc.
Medical, Inc.
Medtronic PLC
Nikkiso Co. Ltd.
NxStage Medical, Inc
Renacon Pharma Ltd.
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