This report provides exclusive insights into the COVID-19 impact on the Nephrology Devices Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Nephrology Devices Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Nephrology Devices 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 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.
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.
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.
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
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.