Players leading the global renal dialysis market include Fresenius Medical Care (German), DaVita Healthcare Partners Inc. (US), Baxter International Inc. (US), Medical Care AG & Co. KGaA (Germany), Gambro AB (Sweden), B. Braun Melsungen AG (Germany), Diaverum Deutschland GmbH (Germany), Nikkiso Co. Ltd. (Japan), Nipro diagnostic Inc. (US), Covidien (Ireland), NxStage Medical, Inc. (US), and Asahi Kasei Corporation (Japan), among others.
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Renal Dialysis Market Highlights:
Renal dialysis is a process of diffusing blood across a semipermeable membrane, removing the substances that a healthy kidney would eliminate, such as poisons, urea, drugs, uric acid, and creatinine. Renal dialysis may restore electrolytes and acid-base imbalances. According to the World Health Organization (WHO), every year, more than 190 MN patients suffer from chronic renal failures and undergo renal dialysis. This presages that the renal dialysis market has a vast potential to grow in the next six years.
Also, the rising number of diabetic and hypertension patients fuel the growth of the market. Furthermore, the increasing development in medical devices used for dialysis and widening use of digital technology in medical devices provide a considerable impetus to the growth of renal dialysis market.
Conversely, the high cost associated with the renal dialysis procedure and devices used in it hampers the growth of the market. Also, complications arising after the treatment may hinder with the growth of this market. Nevertheless, advances in technology are expected to support the growth of the market, reducing the cost of the whole dialysis process. Furthermore, government support and policies intended to increase kidney care would propel the growth of the market over the assessment period.
Industry/Innovation/ Related News:
July 17, 2019 —- CVS Health (the US), a retail pharmacy company, announced that it is stepping into the USD 35 BN market for end-stage kidney care. One of the largest drugstore chains in the country, CVS Health also confirmed that it has developed a home kidney dialysis device, and would be soon testing it soon.
The venture is expected to improve outcomes for the 100,000 Americans who start dialysis each year. The said dialysis machine is developed in collaboration with DEKA Research & Development. The idea is to increases the access to dialysis by simplifying it more and the process of cleaning toxins from the blood.
Global Renal Dialysis Market – Segmentations
The report is segmented into four key market dynamics to widen the scope of understanding,
By Type : Primary Dialysis (hemofiltration, hemodialysis, and peritoneal dialysis.) and Secondary Dialysis (intestinal dialysis and hemodiafiltration).
By Product : Peritoneal Dialysis Products and Hemodialysis Products, among others.
By End-user : Home Care and Hospital Care, among others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Renal Dialysis Market – Competitive Analysis
Highly competitive, the renal dialysis market appears to be fragmented due to the presence of many large and small players. To maintain their market positions, key companies are venturing into new regions and countries with rapid expansion plans.
Global Renal Dialysis Market– Regional Analysis
North America leads the global renal dialysis market, accounting for the largest market share. The market is estimated to register a substantial CAGR over the forecasted period, creating a considerable revenue pocket. Increasing developments of digital technology in medical devices is a key factor driving the growth of the regional market.
Moreover, the continuously increasing number of patients suffering from kidney diseases increases the size of the regional market. More than 30 MN Americans have final stage kidney disease, which needs either dialysis or a transplant. Recently, President Donald Trump has also signed an executive order intended to upgrade kidney care, increasing the home care dialysis, greatly.
The renal dialysis market in the European region takes the second lead. Owing to the resurging economy that is increasing per capita healthcare expenditures, the region is further expected to grow at a significant CAGR. Tremendous monetary support provided by private and government bodies for R&D activities and new, improved reimbursement policies in healthcare would fuel the renal dialysis market in Europe.
The Asia Pacific renal dialysis market is emerging as a promising market globally, following the Europe market, closely. The presence of advanced healthcare infrastructure, new channels of funding in the healthcare domain, soaring numbers of dialysis patients, and the adoption of advanced technologies are factors expected to provide an impetus to the regional market growth.
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Major Points form Table of Content of Global Renal Dialysis Market
2 RESEARCH METHODOLOGY
3 MARKET DYNAMICS
4 MARKET FACTOR ANALYSIS
5 GLOBAL RENAL DIALYSIS MARKET, BY TYPES
6 GLOBAL RENAL DIALYSIS MARKET, BY PRODUCT
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