Global Hemodialysis Market Expected to Reach XX Million 2025
According to new report published by Reports Monitor titled, “Hemodialysis Market by Product and Services: Global Opportunity Analysis and Industry Forecast 2017-2025,” the hemodialysis market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at CAGR of XX% from2017 to 2025.
Hemodialysis is process of filtering blood using artificial membrane and restore proper balance of electrolytes in the blood. During last few decades, the healthcare industry has quickly evolved and created revolution in this field by developing and designing advanced dialysis equipment which can be replace original organ of the body and can cure the individual health. Hemodialysis proceducre is performed when kidney cannot operate properly.
Hemodialysis market is segmented into product, services and region. On the basis of product, market is further segmented into dialyzers, hemodialysis machine and others. On the basis of services, market is further segmented into in-center Hemodialysis Services and home hemodialysis services, daily home hemodialysis and nocturnal home hemodialysis.
Factors Affecting the Growth of the Market: Increased focus to develop, design hemodialysis equipment, rising number of medical centers where dialysed can be cured and research and development done in this industry makes it more secure options are the major factors that are fuelling the demand in the market. However, complicated procedure of hemodialysis treatment may restrict the growth of the market.
Regional Overview The global hemodialysis market is segmented into North America, Asia-Pacific, Europe, and Latin America, the Middle East & Africa. National Kidney foundation stated that there is 10 % of the global population affected by chronic kidney disease and it is found that above 2 million people are majorly receiving the dialysis treatment in five countries US, Japan, Brazil, Germany and Italy.
Competitive landscape Being a nascent market, global hemodialysis market is expecting a significant growth in near future. Key market players have adopted various strategies such as partnership, merger or collaboration along with new product launch to sustain and maintain their position in the market.
Prominent players in the market are Baxter International, DaVita, Inc., Fresenius Medical Care AG & Co. KGaA, B. Braun Medical Ltd, Toray Industries, Inc., Nikkiso Co. Ltd., JMS Co. Ltd., and Gambro.
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