This report provides exclusive insights into the COVID-19 impact on the Dialysis Equipment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Dialysis Equipment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Dialysis Equipment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on dialysis equipment market provides in-depth analysis of segments and sub-segments in global as well as regional dialysis equipment market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional dialysis equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global dialysis equipment market. According to the report the global dialysis equipment market is projected to grow at a CAGR of 5.4% over the forecast period of 2018-2024.
The kidneys of a body filter the blood by removing excess and waste fluid from a person’s body. This waste is then sent to the bladder to be eliminated during the urination. Dialysis equipment performs the function of kidneys in case of failure of kidneys. Dialysis equipment machine filters a patient's blood to remove excess water and waste products when the kidneys are damaged, dysfunctional, or missing. According to the National Kidney Foundation, end-stage kidney failure occurs when the kidneys are performing at only 10 to 15 percent of their normal function. Dialysis is used to control blood pressure and regulate the levels of chemical elements in the blood. Without dialysis, salts and other waste products will accumulate in the blood making poison in the body and damage other organs.
Increasing preference for dialysis over kidney replacement, technological advancements, and rising geriatric population are the major factors driving the growth of the dialysis equipment market. Advanced technology in the medical industry is too boosting the dialysis equipment market. However, the high cost of dialysis, associated complications, and lack of compensation are the few factors restraining the global kidney dialysis equipment market. The National Kidney Foundation estimated that, in 2015, about 660,000 individuals were suffering from chronic kidney disease and 468,000 end-stage renal disease patients were on dialysis in the U.S. alone. The WHO states that the general availability of kidney dialysis is reported by 60% of the countries worldwide. Its availability is 93% in high-income 53 countries. Furthermore, an increasing number of dialysis care centers from key players such as Fresenius Medical Care and Davita has made dialysis treatment available at a lower cost. Number of the user thus can avail the dialysis facility, which in turn can create growth opportunities for the key players of the market.
Among the geographies, North America dominated the global dialysis equipment market. The growth in the North America region is due to new channels of funding in the healthcare domain, better healthcare infrastructure, the soaring number of dialysis patients and adoption of advanced technologies in the dialysis equipment domain. The market in the Asia-Pacific is expected to expand at an exponential CAGR during the forecast period due to investments by key players in this region, and increasing awareness about peritoneal dialysis are a few factors that are projected to boost the growth of the market in Asia-Pacific region.
The report on global dialysis equipment market covers segments such as types, applications, and end-users. On the basis of types the global dialysis equipment market is categorized into unmodified cellulose low-flux membranes and synthetic high-flux membranes. On the basis of applications the global dialysis equipment market is categorized into salt removal, buffer exchange, virus purification, drug binding studies and serum, and blood treatment. On the basis of end-users the global dialysis equipment market is categorized into dialysis centers, hospitals, home care settings, and research laboratories.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global dialysis equipment market such as HEMOCLEAN CO., LTD., Teleflex Incorporated, Rockwell Medical, Terumo Corporation, Nipro Corporation, Asahi Kasei Corporation, NxStage Medical, Inc., Fresenius Kabi AG, B. Braun Melsungen AG, and Baxter International Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global dialysis equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of dialysis equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the dialysis equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the dialysis equipment market to understand the present and future trends in this market and formulate their strategies accordingly.