Dialysis Market worth $118,512 Million by 2023
Pune, Maharashtra, India, February 8 2021 (Wiredrelease) Allied Analytics –:UPDATE AVAILABLE ON-DEMAND
The report provides comprehensive analyses of the top winning strategies, industry dynamics, market size & estimations, key market segments, and competitive landscape. According to the report, the global dialysis market is expected to reach $118.51 billion by 2023 from $91 billion in 2017, registering a CAGR of 4.4% from 2018 to 2023. North America is the highest contributor in the dialysis market; however, Asia-Pacific is expected to witnessed the highest growth rate during the forecast period
The benefits of using peritoneal dialysis over hemodialysis is expected to attract patients with chronic renal diseases and fuel the innovations and market growth of peritoneal dialysis.
Click Here To Access Sample Report: https://www.alliedmarketresearch.com/request-sample/374
Increase in government funding for dialysis, rise in incidence of hypertension & diabetes, surge in the number of ESRD patients, and dearth of kidney donors drive the growth of the market. However, product recalls and health risks & complications associated with dialysis hamper the growth of the market. On the other hand, technological advancements and growing inclination toward home peritoneal dialysis treatment would create new pathways to the market players in future.
The function of the kidney is to remove waste products and excess fluid from the blood. This process is carried out with the help of dialysis when the kidney is not functioning properly. Waste products, such as urea and creatinine, are removed from the blood with the help of artificial and natural semipermeable membranes. In hemodialysis, the blood is purified using an artificial membrane, whereas, in peritoneal dialysis, the waste products are removed using peritoneum in abdomen, which acts as a natural semi-permeable membrane.
• Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
• However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
• Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
The hemodialysis segment is the largest contributor toward the market growth. The peritoneal dialysis segment is anticipated to be a lucrative market due to the growth in demand for dialysis services for the treatment of neonates and children.
Key Findings of the Dialysis Market:
The peritoneal dialysis segment is anticipated to grow at the highest rate during the analysis period.
The hemodialysis segment generated the highest revenue in 2016, and is expected to continue its dominance in the near future.
North America dominated global dialysis market in 2016, and is anticipated to continue its dominance in the future.
China is expected to grow at a highest rate in the Asia-Pacific during the forecast period.
The services segment was the highest contributor among the products and services segments in 2016.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/374
North America to maintain its dominance by 2023
North America accounted for nearly three-fifths of the total market revenue in 2017 and is expected to maintain its lead throughout 2023, owing to the high prevalence of hypertension & diabetes, increase in disposable income, and high adoption rate of technologically advanced products in the region. However, Asia-Pacific would witness the highest CAGR of 7.9% from 2018 to 2023, owing to surge in incidence of kidney disorders, increase in healthcare expenditure, and low rate of organ transplantation.
Dialysis Market Regional Analysis:
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
To View the complete report, visit the website at: https://www.alliedmarketresearch.com/dialysis-market
The key companies profiled in the report include Fresenius Medical Care AG & Co. KGaA, Baxter International, Inc., DaVita Inc., Nipro Corporation, B. Braun Avitum AG, Diaverum Deutschland GmbH., Nikkiso Co. Ltd., NxStage Medical, Inc., Asahi Kasei Corporation, and Medicators, Inc.
Similar Reports With COVID-19 Impact:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This content has been published by Allied Analytics company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at email@example.com.