Rise in incidences of kidney diseases and prevalence of lifestyle and chronic diseases led to adoption of different dialysis treatments. This made medical device and equipment manufacturers to launch new products that would improve effectiveness and performance. These products are aimed at improving patient experiences. Many market players have been launching new programs to provide care to patients at home. These strategic initiatives are launched at various regions. This help market players in raising their market share by enhancing their presence in different regions and widening the customer base. The demand for advanced dialysis equipment and processes will increase in coming years. According to the report published by Allied Market Research, the global dialysis market is projected to reach $129.75 billion by 2028. Following are some of the activities taking place across the world.
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Rise in incidences of kidney diseases, surge in prevalence of lifestyle and chronic diseases, and issues related to kidney transplants drive the growth of the global dialysis market. However, complications in dialysis treatment and reimbursement policy concerns in developing countries hinder the market growth. On the contrary, shift in preference of patients for home hemodialysis and increase in market strategies by market players would open new opportunities in the future.
Factors that drive the growth of the global dialysis market include rise in incidences of kidney diseases globally. Furthermore, issues related with kidney transplants and increase in occurrences of lifestyle and chronic diseases supplement the market growth. On the contrary, complications in dialysis treatment and concerns regarding reimbursements in emerging nations is likely to hinder the growth of the market. Conversely, change in preference of patients from in-center hemodialysis (ICHD) to home hemodialysis (HHD) and advancements in key alliances by pharmaceutical players such as acquisitions, dialysis product launches, and partnerships are expected to provide new opportunities for dialysis market expansion in the 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.
Rise in incidences of kidney diseases, surge in prevalence of lifestyle and chronic diseases, and issues related to kidney transplants drive the growth of the global dialysis market. However, complications in dialysis treatment and reimbursement policy concerns in developing countries hinder the market growth. On the contrary, shift in preference of patients for home hemodialysis and increase in market strategies by market players would open new opportunities in the future.
Covid-19 scenario:
- The rise in the number of Covid-19 patients increased the demand for dialysis in case of severe infection.
- However, the prolonged lockdown resulted in the supply chain disruption and shortage of raw materials.
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Comprehensive competitive analysis and profiles of major market players, such as
The global dialysis market includes an in-depth analysis of the prime market players such as Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., Nipro Corporation, B Braun Melsungen Ag, Nikkiso Co., Ltd., Becton, Dickinson And Company (C. R. Bard, Inc.), Angiodynamics Inc., Asahi Kasei Corp., Davita, and Diaverum Deutschland Gmbh.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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