The market is expected to reach USD 1.1 Billion by 2020 at CAGR of 7.2% from 2015 to 2020
Seattle, WA — (SBWIRE) — 06/26/2017 — The report "Continuous Renal Replacement Therapy (CRRT) Market by Products (System, Disposables (Hemofilters & Bloodlines), & Dialysate/Replacement Fluids), Modality (SCUF, CVVH, CVVHD, CVVHDF) and Geography – Regional Adoption and Global Forecasts to 2020", analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market is expected to reach USD 1.1 Billion by 2020 at CAGR of 7.2% from 2015 to 2020.
Browse 76 market data Tables and 66 Figures spread through 174 Pages and in-depth TOC on "Continuous Renal Replacement Therapy (CRRT) Market"
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On the basis of product, the CRRT market is classified into CRRT systems, CRRT disposables, and dialysate & replacement fluids. The diagnostic CRRT disposables segment is further divided into hemofilters, bloodlines, and other disposables. On the basis of modality, the CRRT market is categorized into slow continuous ultrafiltration (SCUF), continuous venovenous hemofiltration (CVVH), continuous venovenous hemodialysis (CVVHD), and continuous venovenous hemodiafiltration (CVVHDF).
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Factors such as growing aging population, increasing number of AKI patients, technological advancements & new product launches, rising adoption of CRRT for the treatment of renal disorders, and clinical advantages of CRRT over intermittent blood purification techniques are driving the growth of the global CRRT market. However, factors such as the high complexity & procedural costs of CRRT therapy and a dearth of trained ICU nurses across the globe have been hampering the growth of this market.
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Europe is estimated to account for the largest share of the market in 2015, followed by North America. However, the Asia-Pacific market is expected to grow at the highest CAGR of ~8.7% from 2015 to 2020. This high growth can be attributed to the rapidly increasing aging population, rising sepsis incidence, growing focus of multinational companies on emerging markets, and improving and modernizing healthcare infrastructure in this region.
Some major players in the global CRRT market are Asahi Kasei Medical Co., Ltd. (Japan), B. Braun Melsungen AG (Germany), Baxter International Inc. (U.S.), Bellco S.r.l. (Italy), Fresenius Medical Care AG & Co. KGaA (Germany), Infomed SA (Switzerland), Medica S.p.A (Italy), Medical Components, Inc. (U.S.), Nikkiso Co., Ltd (Japan), NxStage Medical, Inc. (U.S.), and Toray Medical Company Limited (Japan).
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