A recent report published by Infinium Global Research on the nephrology devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional nephrology devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional nephrology devices 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 nephrology devices market. According to the report, the global nephrology devices market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.

Market Insight

Nephrology deals with the study of functions and diseases associated with the kidney along with their treatment. Nephrology devices are used in the treatment of kidney diseases such as dialysis instruments, lithotripter, and others. Rapid technological advancement in the healthcare industry propels the development of nephrology devices.

The growing prevalence of chronic kidney diseases worldwide drives the growth of the nephrology devices market. As per the National Kidney Foundation, around 10% of the population is affected by chronic kidney disease. The increasing geriatric population promotes the growth of the market. The geriatric population is more prone to kidney diseases. It is estimated that one in five men and one in four women have chronic kidney disease among the people in the age group of 65 and 74 globally. Additionally, innovation in nephrology devices and growing healthcare expenditure will augment the growth of the nephrology devices market. For instance, research on home hemodialysis treatment options for patients with kidney issues. Home hemodialysis enables patients to have dialysis at their home. The increasing awareness about the advantages of nephrology devices such as minimized treatment and recovery time among renal disease patients stimulates the growth of the nephrology devices market. Further, the rise in demand for minimally invasive surgeries led to the development of the nephrology devices market. The minimally invasive robotic surgeries enable to remove the part of the kidney with greater precision than traditional laparoscopic surgery. On the flip side, the high cost of the devices hinders the growth of the nephrology devices market. Moreover, advancement in nephrological devices creates numerous opportunities for the growth of the nephrology devices market.

Geographically, the global nephrology devices market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a dominant share in the global nephrology devices market. The easy availability of nephrology devices in North America drives the growth of the market in the region. In the U.S. chronic kidney disease treatment exceeds $48 billion per year. The increasing geriatric population which is susceptible to have nephrological disorders led to the expansion of the market in North America. As per U.S. Census Bureau Report 2018, it is estimated that by 2035 there will be 78 million people aged over 65. Asia-Pacific region is anticipated to grow in the global nephrology devices market with a healthy CAGR over the forecast period. The growing awareness about the use of nephrology devices and the rising life science industry in Asia-Pacific contribute to the growth of the nephrology devices market in the Asia-Pacific. Europe has significant growth opportunities in the global nephrology devices market. The presence of leading market players and rising advanced healthcare infrastructure in Europe led to the expansion of the European nephrology devices market.

Segment Covered

The report on global nephrology devices market covers segments such as device type. On the basis of device type, the sub-markets include lithotripter, dialysis instrument, hemodialysis water treatment systems, dialysis catheter, and other device types.

Companies Profiled:

The report provides profiles of the companies in the market such as Nikkiso Co., Ltd., Baxter International Inc., Fresenius Medical Care AG & Co. KGaA, Dornier MedTech, Asahi Kasei Corporation, Nipro Corporation, DaVita, Cantel Medical Corporation, B. Braun Melsungen AG, C.R.Bard, Inc., and Other companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an 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 nephrology devices market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.