Market Research Report
Global Dialysis Equipment Market Equipment Type 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||918157|
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|Global Dialysis Equipment Market Equipment Type 2019-2025|
|Published: October 14, 2019||Content info:||
Global Dialysis Equipment
Size, Share & Trends Analysis Report by Equipment Type (Continuous Renal Replacement Therapy (CRRT), Peritoneal Dialysis, and Hemodialysis) and by End-User (Ambulatory Services, Homecare, In-Center Dialysis Settings, and Hospitals) and Forecast 2019-2025.
The global dialysis equipment market is expected to grow at a significant CAGR during the forecast period. In general, kidneys filter the blood by removing harmful waste products and excess fluid from the blood and turning these into urine that is further passed out of the body. However, when the kidney stops working properly, dialysis equipment is used to perform the same function for the kidney. Rising geriatric population, significant investment in R&D programs, patient preference for dialysis over renal transplants, and continuous advancement in the dialysis equipment are some of the major factors propelling the growth of the global dialysis equipment market.
The market is segmented on the basis of equipment type and end-user. Based on equipment type, the market is segmented into continuous renal replacement therapy (CRRT), peritoneal dialysis, and hemodialysis. Based on end-user, the market is divided into ambulatory services, home care, in-center dialysis settings, and hospitals. The hospital segment is expected to hold the largest share during the forecast period. This is due to several factors, such as the availability of trained professionals in hospitals that gain more trust of their patients for the dialysis and accessibility to a medical care facility in case if anything went wrong during the dialysis process.
The global dialysis equipment market is further segmented on the basis of geography, including North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to have a significant share in the market due to the high prevalence of renal diseases and an increase in the aging population in the region. Moreover, investments in R&D and government initiatives to provide better healthcare infrastructure are fueling to market growth in this region. Asia-Pacific is estimated to project considerable growth rate in the global market during the forecast period. This is owing to the huge patient pool and improving healthcare infrastructure is expected to show rapid growth in this market. Increasing incidences of renal diabetes and obesity in this region are contributing significantly to market growth.
The major players that contribute to the growth of the dialysis equipment market include Cantel Medical Corp., Baxter International Inc., Fresenius Medical Care Holdings, Inc., Rockwell Medical, Inc., Teleflex Inc., Nikkiso Group, and Asahi Kasei Corp. Furthermore, in order to remain competitive, the players operating in the market adopt various strategies such as mergers and acquisitions, partnerships and collaborations, product launch, and geographical expansion.
The market study of the global dialysis equipment market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for medical equipment manufacturers, healthcare providers, the pharmaceutical industry for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.