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Continuous Renal Replacement Therapy Market to witness an outstanding growth during 2017-2022

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Continuous Renal Replacement Therapy Market to witness an outstanding growth during 2017-2022

February 18
20:02 2020
Continuous Renal Replacement Therapy Market to witness an outstanding growth during 2017-2022

Fresenius Medical Care AG & Co. KGAA (Germany), Nikkiso Co., Ltd. (Japan), B. Braun Melsungen AG (Germany), Nxstage Medical, Inc. (U.S.), Asahi Kasei Medical Co., Ltd. (Japan), Bellco S.R.L. (Italy) Infomed SA (Switzerland), Medica S.p.A (Italy), Medical Components, Inc. (U.S.), and Toray Medical Company Limited (Japan).
The overall continuous renal replacement therapy ( CRRT ) industry is estimated to reach $1.53 billion by 2022; growing at a CAGR of 7.0%.

Increasing prevalence of AKI and renal disorders, growing number of ICU patients, rapid growth in the aging population, and clinical advantages of CRRT over intermittent blood purification techniques are some key factors propelling the growth of this market.

Rising number of acute kidney injury to drive market demand for continuous renal replacement therapy market; reaching a value of USD 1.53 billion by 2022

Hemofilters or artificial kidneys are one of the major components in a CRRT system. These filters usually contain a semipermeable membrane in a hollow-fiber design. This design enables blood to flow inside the hollow fibers and, at the same time, allows the dialysate to flow outside the fibers. The membrane type and surface area help to determine solute and fluid removal during a CRRT procedure.

The hemofilters market is projected to reach largest market share of overall CRRT market for disposables by 2022, largely due to development of new hemofilters, the rise in the number of CRRT procedures, and growing focus of manufacturers on expanding their distribution channels. Large number of clinical studies is currently underway to understand the effects of hemofilters on anticoagulating agents during CRRT procedures in critically ill patients are likely to propel further growth of the hemofilters during the forecast period.

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The implementations of localized manufacturing across emerging markets (such as China, India, and Brazil) by major market players are expected to increase the availability of hemofilters at competitive prices.

CRRT product manufacturers in North America face several regulatory barriers due to multi-layered regulations set by the FDA, thereby negatively impacting the demand for various CRRT products. Due to high regulatory barriers, a number of CRRT products approved in other countries have yet to be approved by the FDA. For instance, in Europe, CRRT is approved for multiple indications such as liver support, elevated Intracranial Pressure (ICP), intoxication, cardiac failure, rhabdomyolysis, tumor lysis syndrome, and post-cardiac surgery. However, in North America, no CRRT machine is approved by the FDA for the treatment of multiple indications. Similarly, no anticoagulating agent for blood infusion during a CRRT procedure is approved by the FDA to date, whereas it has been approved in Europe.

The significant share of the U.S. in the global CRRT market is mainly due to its huge AKI population base. Thus, the presence of stringent and time-consuming regulatory policies for the approval of new CRRT products in the region poses a key hindrance to the growth of the global CRRT market.

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Geographical Region Covered

Europe held the largest share of the market. However, the developing Asia-Pacific countries including China and India are expected to emerge as the new revenue-generating regions for prominent market players during 2017-2022. The growth of this Asia-Pacific market is attributed to the growing patient population, increasing sepsis incidence, increasing prevalence of hypertension and diabetes (which are the major causes for developing AKI), high use of CRRT in Australia and Japan, improving healthcare expenditure, and increasing accessibility to CRRT for AKI treatment.

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