The global continuous renal replacement therapy market was valued at US$ 856.2 Mn in 2016, and is expected to reach US$ 1,653.8 Mn by 2025, expanding at a CAGR of 7.47% from 2017 to 2025.[Continue reading…]
Based on product types, the global continuous renal replacement therapy market is categorized into systems and consumables (filters, tubing sets and disposables). Between these, the consumables segment occupies the larger revenue share and will continue its dominance through the forecast period. Greater consumption volume of filters, fluids and other such disposables mainly contribute to the dominance of this segment. On the other hand, systems segment will witness steady growth during the forecast period due to increasing prevalence of acute renal failure in hospitalized patients and technological development in CRRT systems with respect to greater filtration volume and higher permeability.
Geographically, North America is the largest regional market for continuous renal replacement therapy. Growing demand for CRRT in hospitals and multispecialty centers and rapid adoption of advanced solutions majorly drive the North America market. The demand for CRRT devices is high in the U.S. due to growing prevalence of acute renal failure in the country due to growing hospital admissions attributed to chronic disease complications. Additionally, it is expected that Asia Pacific on the ground of its large population base and rapid development of healthcare infrastructure and swift addition to the number of hospitals being established will be the fastest growing regional market during the forecast period. [Continue reading…] [Get PDF with more details]