DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added "by product, by indication, by end user, by region outlook, industry analysis reports and forecasts, 2020-2026 Global Blood Purification Equipment Market" report.
By 2026, the global blood purification equipment market is expected to reach 19.2 billion U.S. dollars, growing at a compound annual growth rate of 5.3% during the forecast period.
Blood purification refers to the method in which blood is drawn from the patient's body into a machine or device to remove impurities and return it to the body. Since blood purification plays a vital role in various kidney and blood-related diseases, the market is expected to be promoted.
The development of filtration and dialysis methods as well as adsorption methods has promoted the adoption of these machines in a variety of key treatments. Blood purification machines have considerable applications in kidney or organ failure, plasma exchange and immune metabolic diseases.
During the forecast period, the technological development of blood purification machines will have a positive impact on market growth. Leading market participants plan to launch innovative and advanced blood purification equipment. For example, companies such as Jafron and NxStage have developed various blood purification devices that reduce the mortality rate of patients with chronic renal failure.
The newly approved blood purification machine is highly sensitive and allows detailed observations. In addition, these sophisticated blood purification devices are economical and portable. Therefore, the above aspects are expected to promote market growth in the next few years.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900