Continuous Renal Replacement Therapy Market size is projected to reach USD 2.98 Billion by 2030 at 8.9% CAGR during the forecast period 2022-2030. The market of continuous renal replacement therapy (CRRT) has been influenced by various factors that play a part in defining its landscape and influencing its growth trajectory. The increasing occurrence of acute kidney injury (AKI) and growing demand for renal replacement therapies are among the major drivers for this product. Technological progressions have an essential impact on how the CRRT Market forms itself. Ongoing innovations in CRRT machines, filters, and related accessories enhance the efficiency and safety of the therapy. Machine interface improvements alongside technological connection as well as automation contribute to ease of use as well as improved results for patients. The policies made by governments in the health sector and their reimbursement frameworks significantly affect the CRRT market. Because renal support is indispensable in critical care units, government regulations and reimbursement policies play a key role in the uptake of CRRT.
In addition, age demographic shifts globally, combined with the rise of chronic diseases, have led to an increased need for CRRT interventions. With the global aging population comes increased cases of AKI due to high occurrences of chronic diseases such as diabetes and hypertension (Jaber & Tolwani, 2009). While considering cost-effectiveness along with healthcare expenses, economic issues come into play when it comes to subscribing to CRRT within healthcare facilities. Hospitals must analyze whether integrating CRRT technologies within their ICUs is economically feasible considering initial costs, maintenance charges, and value proposition in entirety (Naidu et al., 2016). Companies involved in the continuous renal replacement therapy market must prove that their products are highly economical in terms of cost while at the same time offering clinical benefits so as to be adopted by medical professionals.
Global collaboration & research partnerships are driving advancements within the CRRT Market. The existence of partnerships between industry players, research institutions, and healthcare givers leads to continuous research & development efforts. Collaborative efforts often result in international standards and best practices for CRRT, which contribute to the standardization of technologies and approaches across different regions. Nonetheless, competitors' dynamics often shape the CRRT market through competition among established firms and emergent rivals, as well as the formation of strategic alliances by these businesses. Mergers and acquisitions enable companies to enhance their product portfolios and expand their market presence. Competition affects the innovation of products, price policies, and availability of CRRT.
Report Attribute/Metric | Details |
---|---|
Growth Rate | Â Â 8.9% |
Continuous Renal Replacement Therapy Market Size was valued at USD 1.48 Billion in 2023. The Global Continuous Renal Replacement Therapy industry is projected to grow from USD 1.59 Billion in 2024 to USD 2.82 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.3% during the forecast period (2024 - 2032).
Continuous renal replacement therapy (CRRT) is used in critically ill patients, especially those who are hemodynamically unstable. There are several advantages of CRRT, including continuous control of fluid status, control of acid-base status, the ability to provide protein-rich nutrition while achieving uremic control, and hemodynamic stability. There are several factors affecting the global CRRT market, including the increasing prevalence of chronic kidney diseases and the rising geriatric population. However, the rising number of complications associated with CRRT is hindering the growth of the market. Moreover, the rise in demand in developing regions is projected to show lucrative growth opportunities during the forecast period.
COVID-19 Analysis
The supply chain in the global market for continuous renal replacement therapy is the key to fulfilling customer demands. As a result of the pandemic, a number of countries-imposed import and export restrictions. This has also affected the healthcare industry, as many countries are dependent on other countries for raw material supply and technology. Additionally, both central and state agencies have struggled to take palliative and preventative measures. Moreover, COVID-19 affects multiple organs in the body. It has worsened the conditions of kidney failure in patients. In addition, CRRT demand was high during the COVID-19 pandemic. Patients with acute kidney failure who also had a COVID-19 infection were at high risk of death. Moreover, during the pandemic, doctors recommended CRRT instead of conventional therapy to reduce the chances of death. Furthermore, the impact on the market was not severe as the demand for CRRT was continuous. However, the delay in performing the CRRT and the fact that hospitals were unable to provide CRRT due to the system's low availability further harmed the market. Moreover, by the end of 2020 and 2021, the supply chain seemed to recover, and the market slowly observed a return to pre-COVID-19 levels as patients started to follow their routines without delaying their treatment.
Market Drivers
Market Restraints
Market Opportunities
Value Chain Analysis
The global continuous renal replacement therapy market is projected to exhibit significant growth over the forecast period, which can be attributed to factors like the rising geriatric population and increasing prevalence of kidney diseases. The value chain analysis for the market comprises five major components, which start with research and product development, followed by the manufacturing of the products, distribution, and sales, and end with post-marketing surveillance.
Dialysate and replacement fluids are used to achieve fluid balance in hemofiltration and primarily convective therapy for the transfer of solute and water across a semipermeable membrane. These are sterilized and warmed to body temperature. Replacement fluid is used in hemofiltration to dilute the post-filter blood, buffer the blood as it returns to the patient, and restore volume. Moreover, as per research, companies are experiencing huge demand for dialysate and replacement fluids across the world, which further supports the segment's growth.
Disposables include hemofilters, bloodline sets & tubes, and others. The hemofilter is used to pull down the large volume of water. The convection in the hemofilter enhances the removal of small and medium-sized molecules. Moreover, bloodline sets, and tubes are intended to improve the procedure's safety and efficiency. Further, these are used to administer replacement & dialysate fluids and anticoagulants. In addition, these are intended to transfer blood from patients’ vascular access systems to the hemodialyzer.
Continuous renal replacement therapy (CRRT) system is a type of blood purification machine. This device controls the rate of blood flow and includes software to safely monitor therapy delivery. The system performs therapies including continuous venovenous hemofiltration (CVVH), continuous venovenous diafiltration (CVVHDF), continuous venovenous hemodialysis (CVVHD), and slow continuous ultrafiltration (SCUF).
Continuous venous hemofiltration (CVVH) is a short-term treatment for patients suffering from acute renal failure. This therapy is suitable for patients who are unable to tolerate hemodialysis. This therapy uses convective clearance in order to remove toxins and solutes from the patient's circulation. The advantages include hemodynamic stability, optimal clearance of uremic toxins, and liberal fluid management.
The continuous venovenous hemodiafiltration (CVVHDF) method uses replacement fluid and dialysate. It combines both diffusion and convection for solute removal. Dialysate and replacement fluids can be used simultaneously in various combinations at various rates in this method. It reduces the mortality rate and hospital length of stay. This method is also used for cancer patients suffering from AKI.
Continuous venous hemodialysis (CVVHD) is used for critically ill patients. CVVHD is used to remove both solute and fluid. As per several research studies, CVVHD is more frequently used across the globe, especially in developed regions. There is no replacement fluid used in this method. Moreover, this method is also effective for removing small to medium-sized molecules.
Slow continuous ultrafiltration (SCUF) is used for the treatment of oliguric acute renal dysfunction. Furthermore, the hemodynamic parameters remain stable while significant amounts of fluid are removed using this method. This is suited for patients with fluid overload and renal insufficiency.
The incidence of acute renal failure increases with growing age. This is due to physiological changes, multiple comorbidities, and lower renal reserves. Furthermore, the geriatric population is more likely to have acute renal failure due to increased medication use and the need for multiple procedures. In addition, AKI is more common in elderly patients. However, continuous renal replacement therapy is used less frequently in the geriatric population than in the younger generation.
Continuous renal replacement therapy is most commonly used in adults. This is used impulsively in adults and provides frequent relief to critically ill patients. Some common diseases that occur in adults are hypovolemia, glomerulonephritis, and sepsis. These diseases may lead to acute kidney failure in adults.
Continuous renal replacement therapy is used to maintain hemodynamics in critically ill pediatric and neonatal patients. The advantage of the CRRT in pediatric and neonatal age groups is that the CRRT promote both solute and fluid clearance in a slow and continuous manner. Acute kidney failure is most common in neonates at higher risk. The development of AKI in pediatrics and neonates occurs often owing to prematurity, respiratory and vascular disorders, congenital uropathies, heart failure, and the use of nephrotoxic drugs.
Continuous renal replacement therapy is widely used in hospitals. Hospitals that provide dialysis improve the overall health and quality of life of patients with acute renal failure. Moreover, in order to perform CRRT, hospitals require an interprofessional healthcare team. Furthermore, hospitals are working with specialists in fields such as neurology, nephrology, and critical care, to develop strategies for when to remove solutes & fluids and administer anticoagulation, further supporting the segmental growth. In hospitals, CRRT is performed in the intensive care unit (ICU), coronary care unit (CCU), and emergency medical center.
The most common complication that can happen to patients undergoing surgery at ambulatory surgical centers is AKI. AKI is a short-term complication that occurs after surgery or during major surgeries. If left untreated, AKI can result in long-term negative outcomes. AKI is commonly observed following cardiac surgery in which CRRT is required. However, there have been fewer chances of AKI in patients who underwent gastrointestinal surgery.
Specialized clinics include cardiology, gastroenterology, gynecology, obstetrics, and neurology specialties. These clinics have trained nurses and technicians to perform CRRT on patients with acute renal failure. Cardiology clinics are required to keep CRRT on hand in case patients require it unexpectedly. The gastroenterology clinics also require the CRRT system if the patient is suffering from acute liver failure.
The global continuous renal replacement therapy market based on the region has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
North America
The increasing incidences of comorbidities diseases, adoption of sedentary lifestyle & physical inactivity are expected to propel the market growth in the region.
The North America region is expected to hold the highest market share during the forecast period. This is due to several factors, including the rising prevalence of comorbid diseases such as diabetes and obesity, and adoption of sedentary lifestyle is prevalent in the region. In November 2022, as per the Census Bureau, more than 34 million people are living with diabetes in America. Poorly controlled diabetes can damage the blood vessels of kidney further may lead to acute kidney failure. Moreover, the companies launch new products to meet the needs of patients and physicians, such as critically ill patients. For instance, in December 2020, Medtronic plc (Ireland) launched the Carpediem Cardio-Renal Pediatric Dialysis Emergency Machine for the pediatric and neonatal population in Cincinnati Children's Hospital Medical Center (US). Therefore, the increasing prevalence of comorbid diseases and growth strategies support market growth in the region.
Competitive Landscape
Market players are improving business through planning and adopting new strategies to increase their market presence. Moreover, they are adopting several strategic initiatives with regard to continuous renal replacement therapy, such as new product launches, contractual agreements, mergers, and acquisitions, increasing investments, and partnerships among players are aiding to expand the continuous renal replacement therapy field across the globe.
Baxter International, Inc. (US) is one of the key market players, founded in 1931. It is a global healthcare company that offers medical devices and surgical instruments in the healthcare market. It operates through six major business segments: renal care, medication delivery, pharmaceuticals, advanced surgery, clinical nutrition, and acute therapies. In October 2018, Baxter International Inc. launched the PrisMax system and its TherMax blood warmer. It is designed to deliver therapy simpler and more efficient.
List of companies covered in this report:
Recent Developments
Report Overview
The study covers the existing short-term and long-term market effects. It helps decision-makers to draw up short-term and long-term business plans by region. The report covers major regions in North America, Europe, Asia-Pacific, and the rest of the world. The report analyses market drivers, restraints, opportunities, challenges, Porter's five forces, value chain, and impact of COVID-19 on the market.
Study Objectives
Intended Audience:
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)