Dialysis Device Market To Record A CAGR Of 5% During 2019-2027 On Account Of Growing Incidences Of Kidney Related Health Disorders
Research Nester released a report titled “Dialysis Device Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global dialysis device market in terms of market segmentation by product, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Dialysis devices are used for patients with chronic kidney failure (CKD) and end-stage renal disease (ESRD). The market for dialysis devices is anticipated to observe a significant CAGR of around 5% during the forecast period, i.e., 2019-2027. The market is segmented by product, by end user and by region, out of which, the product segment is further bifurcated into hemodialysis devices and peritoneal dialysis devices. The hemodialysis devices segment is estimated to hold the largest share in the market on account of increasing demand for hemodialysis as it is a commonly used method of dialysis. However, the peritoneal dialysis devices segment is estimated to grow at the highest rate during the forecast period as a result of this method being a cheaper and more effective method as compared to hemodialysis.
The market in North America is anticipated to hold the largest share in the market on account of growing key players in the region along with the rising demand for more effective and better dialysis procedures. Further, the market in Asia Pacific is estimated to grow at the highest rate as a result of increasing prevalence of kidney failure disorders among people.
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Rising Prevalence of Diabetes and Hypertension to Support the Market Growth
The growing incidences of health disorders such as diabetes, cardiovascular disease, hypertension and others eventually affect the kidneys, thereby resulting in various disorders of the kidney. As per the United States Renal Data System, the prevalence of chronic kidney disorder in its early stages was around 15% among adults in 2018. This means that more than 30 million Americans might be suffering from the disorder, while a greater number of people might be at risk as well. However, the various health risks associated with the prolonged use of dialysis devices is estimated to hamper the market growth in the upcoming years.
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This report also provides the existing competitive scenario of some of the key players of the global dialysis device market which includes company profiling of Baxter International Inc. (BAX), Fresenius Medical Care (FME), Nikkiso Co., Toray Medical Co., Ltd., B. Braun Melsungen AG, Asahi Kasei Medical Co., Ltd., NIPRO, JMS Co., Ltd., Kawasumi Laboratories. Inc. and NxStage Medical, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dialysis device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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