Selbyville, Delaware, Sept. 03, 2020 (GLOBE NEWSWIRE) --
According to latest report “Dialysis Market by Type (Hemodialysis, Peritoneal Dialysis), Product & Service (Equipment {Dialysis Machines, Water Treatment Systems}, Consumables {Dialyzers, Catheters, Access Products, Concentrates}, Services) End-use (In-center Dialysis, Home Dialysis), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2026”, by Global Market Insights, Inc., the market valuation of dialysis will cross $110 billion by 2026. Increasing R&D investments by key market players such as Baxter, Fresenius Kabi among others for developing innovative dialysis equipment will foster the overall industry growth.
Technological advancements in the dialysis market will offer lucrative growth opportunities over the coming years. Developments in dialysis machines and dialyzers hold the potential to enhance the outcome of the therapy. Additionally, these advancements also help in improving the safety and reliability of the therapy. Introduction of nano-filter artificial kidney is one of the technological advancements that offers a tiny dialysis machine, resembling a small portable kidney. The device connects to dialysis ports on the neck and enables mobility of patients with ease.
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Hemodialysis segment valuation was more than USD 68 billion in 2019. Hemodialysis requires less time for treatment as compared to peritoneal dialysis. Also, hemodialysis treatment has relatively low risk of infection, surging its preference. Presence of trained staff during hemodialysis procedures provides patient with better care, thus increasing its preference.
The equipment segment held over 7.5% of dialysis market share in 2019. Increasing focus on research and development activities by key market players in developing advanced dialysis machines and water treatment systems. Surging incidence of various kidney disorders including end stage renal disease (ESRD) among geriatric population base requiring dialysis equipment for treatment will accelerate the segment growth.
The in-center dialysis market is projected to witness 5% growth rate during the forecast period. Large number of dialysis procedures are performed at in-center dialysis centres owing to presence of trained kidney care professionals propelling the segment demand. In-center dialysis offers the opportunity of performing treatment and patient assessment at the same location reducing the travel time.
Asia Pacific dialysis market size was around USD 21 Bn in 2019 due to the surging demand for advanced dialysis machines along with rising incidence of chronic renal diseases. Technological advancements in the industry leads to higher adoption rate for dialysis in the developed countries including Japan. Favorable reimbursement policies and improving healthcare infrastructure are major factors boosting the regional market revenue.
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Some of the prominent companies operating in the dialysis market include Asahi Kasei Corporation, Fresenius Medical Care AG & Co, B. Braun Melsungen AG, Medtronic, KAWASUMI LABORATORIES INC., Baxter, DaVita Inc., JMS Co. Ltd, Toray Industries, among others. These industry participants are focusing on enhancing its financial stability by developing novel products. For instance, in January 2019, Fresenius Medical Care launched 4008A dialysis machine to meet the needs of emerging markets. With this launch, the company improved accessibility to dialysis treatment, thereby widening the product portfolio.
Table of Contents (ToC) of the report:
Chapter 3. Dialysis Market Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 - 2026
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.2. Industry pitfalls and challenges
3.4. Growth potential analysis
3.4.1. By type
3.4.2. By product & services
3.4.3. By end-use
3.5. COVID-19 impact analysis
3.5.1. Impact of COVID-19 on major markets, 2020 – 2022
3.5.1.1. Overview
3.5.1.2. U.S.
3.5.1.3. Germany
3.5.1.4. UK
3.5.1.5. France
3.5.1.6. Italy
3.5.1.7. Spain
3.5.1.8. China
3.5.1.9. India
3.5.1.10. Japan
3.5.1.11. Brazil
3.5.2. Impact of COVID-19 on industry segments
3.5.2.1. Hemodialysis
3.5.3. Impact of COVID-19 on industry value chain
3.5.3.1. Research and development
3.5.3.2. Manufacturing
3.5.3.3. Marketing
3.5.3.4. Supply
3.5.4. Impact of COVID-19 on industry competition
3.5.4.1. Strategy
3.5.4.2. Product portfolio
3.5.4.3. Business growth
3.6. Regulatory landscape
3.7. Technology landscape
3.8. Porter’s analysis
3.9. Competitive landscape, 2019
3.10. PESTEL Analysis
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.