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.
The market for dialysis devices is anticipated to record a CAGR of around 5% during the forecast period, i.e., 2019-2027. This can be attributed to the growing demand for improved and effective dialysis equipment for the treatment of chronic kidney disorders. The market is segmented by product, by end user and by region. Based on product, the market is further bifurcated into hemodialysis devices and peritoneal dialysis devices, out of which, the hemodialysis devices segment is estimated to hold the largest share in the market. The lucrative growth of this segment can be explained by the increasing number of people preferring hemodialysis as it is the most commonly used method of dialysis. However, peritoneal dialysis devices market is anticipated to observe a significant growth as well on account of it being a more effective and cheaper method of blood filtration.
The market in North America is anticipated to hold the largest share in the dialysis device market on account of growing number of market players in this region. Moreover, the rising demand for better and more cost-effective treatment methods are additional factors estimated to drive the market growth. The market in Asia Pacific is estimated to witness the highest growth rate during the forecast period as a result of growing number of chronic kidney diseases among the population.
Rising Elderly Population to Support the Market Growth
According to Centers for Disease Control and Prevention, chronic kidney disorders are highly common in adults above the age of 65 with a 38% prevalence. As a result of old age, the body begins to deteriorate thereby raising the demand for products such as the dialysis devices. The growing geriatric population is a major factor estimated to contribute towards the market growth in the upcoming years. However, the various health risks associated with dialysis devices such as low blood pressure, blood infections and others are anticipated to restrict the market growth.
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.