People suffering from kidney failure need renal dialysis which is necessary for removing the toxic substance like urea and creatinine from the body. Therefore, renal dialysis market always remains important among the markets related to medical treatment.
Market Research Future (MRFR) has published a research report that prognosticates vigorous surge for the global renal dialysis market with 7.1% CAGR between 2017 and 2023. In terms of cash, the market is expected to rise with the US $ 26.6 bn by the end of the forecast period. Analyzing the market structure, this report evaluates the future growth potential and observes the strategies of the key players in this market. It also tracks the competitive developments such as joint ventures, mergers, and acquisitions, new product developments, new product developments (R D) in the market. The factors driving the growth of this market include continuously increasing the prevalence of the kidney and other associated renal diseases, increasing diabetic patients, and patients suffering from hypertension. However, the high cost of treatment and complication after the treatment are likely to slow down the growth of the market.
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The key players in the global renal dialysis market include Asahi Kasei Corporation (Japan), Baxter International Inc. (USA), B.Braun Melsungen AG (Germany), Covidien (Ireland), DaVita Healthcare Partners Inc. (USA), Diaverum Deutschland GmbH (Germany), Fresenius Medical Care (Germany), KGaA (Germany), Medical Care AG Co., Gambro AB (Sweden), Nikkiso Co. Ltd. (Japan), Nipro diagnostic Inc. (USA), and NxStage Medical, Inc. (USA).
Market Segmentation :
The global renal dialysis market has been segmented on the basis of end users, type, product, and lastly region. On the basis of end users, this market has been segmented into home care and hospital care. By types, the market has been segmented into primary dialysis and secondary dialysis. The sub-segmentation of primary dialysis covers hemodialysis, hemofiltration, and peritoneal dialysis. Similarly, secondary dialysis has been further sub-segmented into hemodiafiltration and intestinal dialysis. Intestinal dialysis is defined as a procedure regarding the transfer of toxic substances from the blood system of the intestines to the decaying waste matter passing through the intestines and out of the body. Based on products, this market has been segmented into hemodialysis products and peritoneal dialysis products. Peritoneal dialysis is defined as a procedure where peritoneum is used in a person's abdomen as the membrane through which fluid and dissolved substances are exchanged with the blood.
The regional segmentation of the global renal dialysis market segments the market into continents based regional markets known as North America, Europe, Asia Pacific, and the Middle East Africa (MEA). North America is the largest regional due to increasing patient suffering from renal diseases, advanced medical facilities, high-level research and development, and the presence of key players in this market, primarily in the United States of America (USA). After the USA, the biggest market, Canada is the biggest market in this region.
Although Europe and the Asia Pacific have a nearly similar market for renal dialysis, the growth rate of Asia Pacific renal dialysis market is higher. In Europe, Western Europe is a market bigger than Eastern Europe due to advanced medical facilities being available there. The cream of Western Europe market comprises of France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest of Western Europe. In Asia Pacific region, due to the availability of decent medical facilities, the biggest markets are China, India, Japan, and South Korea, followed by the rest of Asia Pacific. The MEA region is the smallest market due to ignorance of diseases, lack of education, less infrastructure development, limited growth in the healthcare sector, and political instability.
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