Hemoperfusion Production Market Size, Share, Growth, and Industry Analysis, By Type (Resin Adsorption, Activated Carbon Adsorption, and Others), By Application (Overdose, Specific Intoxications, Certain Autoimmune Diseases, Hepatic Encephalopathy, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Hemoperfusion Production Market Report Overview

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The global hemoperfusion production market size was USD 561.5 million in 2021 and is expected to touch USD 2473.4 million by 2031, exhibiting a CAGR of 16.0% during the forecasted period.

Hemoperfusion is a treatment strategy in which large volumes of blood are passed over an adsorbent substance to filter toxic substances from a patient's blood. Adsorption is a process in which molecules/particles of one substance are attracted to a solid material surface and are held there. This solid material surface is known as a sorbent. A hemoperfusion is an extracorporeal form of health treatment because blood is pumped through a gadget outside the patient's body. Thus, these factors will drive market growth and share worldwide.

Hemoperfusion is used when removing drugs, poison, and toxic waste substances from a patient's kidneys are required to prevent kidney disorders. The market is divided into type and application segments. The type segment consists of resin and activated carbon adsorption treatments, and the application segment includes overdose, specific intoxications, autoimmune diseases, and others. Thus, the hemoperfusion production market will grow at an unprecedented pace as demand for the treatment increases worldwide.

COVID-19 Impact: Pandemic-Induced Restrictions Impeded Market Growth and Demand

The global COVID-19 pandemic has been unprecedented & staggering, with hemoperfusion productions experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR can be attributed to demand returning to pre-pandemic levels after the pandemic is over.

The movement restrictions imposed by the pandemic severely impacted the hemoperfusion market growth, with demand for treatments coming to a halt. The restrictions on travel and the breakdown of the healthcare systems worldwide led to demand for the therapy spiraling down in central regions such as North America and the Asia Pacific, where the treatment is highly desirable by the area's aging population. Thus, these factors impeded the market growth, leading to negative profit records and revenues over the past two years.

LATEST TRENDS

"Awareness About Treatment Options to Spur Market Growth"

The rising demand and awareness about hemoperfusion production in regions such as North America and the Asia Pacific is driving the market growth. Innovations in technology, the adoption of modern healthcare treatments, and a rise in disposable income of people in developing countries will lead to the industry's market growth. With the recession of the pandemic, the growing awareness regarding the hemoperfusion has boomed exponentially, thus driving market resources and leading market players worldwide to increase production.

RESTRAINING FACTORS

"Health Risks Associated with Treatment to Hamper Market Growth"

Several health risks associated with the hemoperfusion treatment, such as blood clotting, damage to the cells and tissues, and the remainder of toxic waste after treatment, may impede the market growth. The rising costs due to the rise in prices of equipment parts may also hamper market growth as demand has increased exponentially for hemoperfusion production after the pandemic. Thus, investors should analyze these factors before investing in any region where growth prospects may decline.

Hemoperfusion Production Market Segmentation

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• By Type

The market is subcategorized based on types into resin adsorption, activated carbon adsorption, and others.

• By Application

Based on applications, the market is subcategorized into overdose, specific intoxications, certain autoimmune diseases, and others.

DRIVING FACTORS

"Rising Blood-Related Disorders to Lead Market Growth"

The rising incidence of blood disorders worldwide will lead to the hemoperfusion production market growth as demand for treatments such as dialysis and other kidney-related disorders increases. The growing cases after the pandemic have led to a significant boost in the market, as the healthcare industry resumes operations with other medical treatments post the pandemic. Thus, the hemoperfusion production market is on a growth trajectory as the incomes of people and affordability of consumers increase each day.

"Rising Healthcare Spending Worldwide to Drive Market Growth"

The rising healthcare spending post the pandemic to treat patients affected severely by blood disorders will drive the market growth. The amount of cases in developing countries such as North America has doubled as the pandemic created dire conditions for populations in those regions. Thus, these factors drive the market growth of hemoperfusion production. Regions such as the Asia Pacific and North America are considered potential hotspot investments, which will aid in revenue and profit generation.

Hemoperfusion Production Market Regional Insights

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"Asia Pacific to Lead Growth Owing to Increase in Demand "

The Asia Pacific region will lead the hemoperfusion production market share due to increased treatment demand. The rising awareness amongst the people to treat the disease is a market driving factor, thus generating massive profits and revenues for leading industrial players. China will have the region's largest market share of 65% as it transforms into a hub of manufacturing and production. The aging population of the region and the rise in the cases of kidney problems will thus drive the market growth.

KEY INDUSTRIAL PLAYERS

The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. Other aspects of the report include research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The facts in the information may be subject to change, given the situation of market players from time to time. The research considers all the points after a thorough analysis, thus generating future possibilities for the market. China will lead the market with the largest share, thus benefiting industrial players and consumers with the product's prices.

List of Market Players Profiled

• Jafron Biomedical (China)
• Baxter (Gambro) {U.S.}
• Biosun Medical (U.S.)
• Toray Medical (Japan)
• Asahi-Kasei (Japan)
• Kaneka (Japan)
• Zibo Kangbei (China)
• Aier (U.S.)
• Cytosorbents (U.S.)

INDUSTRY DEVELOPMENT

• June 2021: The leading blood-purifying giant, Jafron Biomedical, based in China, announced its founding worldwide advisory board, which will consist of six members who are industry experts and conduct research on blood treatments and necessary medicinal treatments for patients all around. This team is non-commercial, and experts in the industry aim to provide reliable data to guide endeavors in hemoadsorption therapy. Thus, market players will experience exponential growth in their sales as the pandemic has completely receded.

REPORT COVERAGE

The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating financial and technical market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if crucial players and analysis of market dynamics change. The information is an approximate estimation of the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation, key industry developments, and an analysis of risks in the hemoperfusion production industry.