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Global Hemodialysis Market To Witness Huge Growth By 2020-2025

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Jan 16, 2020 (Xherald via COMTEX) --

Image result for Hemodialysis

Hemodialysis is a process of purifying the blood of a person whose kidneys are not working normally. The market covers various equipment and consumables that are used for hemodialysis. The market is segmented by product type, modality, and geography.

Global Hemodialysis Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

The major factors for the growth of the hemodialysis market include the rising number of end-stage renal disease (ESRD) patients and the increasing incidence of diabetes and hypertension.

The rise in the number of ESRD and shortage in the availability of kidneys for transplant expected to boost the growth of the market. Chronic kidney disease (CKD) is a condition that causes reduced kidney function over a period of time. It may develop over many years and lead to end-stage kidney (or renal) disease (ESRD). It has become an enormous public health issue that continues to rise. As per the estimation by the Global Burden of Disease Study, kidney disease was the 12th-most common cause of death, accounting for 1.1 million deaths worldwide in 2015. Furthermore, as per the 2016 report on Diabetes and Chronic Kidney Disease, diabetes causes 44% of all new cases of kidney failure. Thus, owing to the rising burden of kidney failures there will be a huge demand for hemodialysis equipment resulting in high growth of the market.

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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-

Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, Cantel Medical Corp., DaVita Inc., Fresenius Medical Care AG & Co. KGaA, Medtronic PLC, Nipro Corporation, NxStage Medical, Inc.

Conventional Long-Term Hemodialysis is the Segment by Modality expected to Hold Largest Market Share over the Forecast Period

The hemodialysis market is segmented by Modality in three major segments Conventional Long-Term Hemodialysis, Short Daily Hemodialysis, and Nocturnal hemodialysis. The Conventional Long-Term Hemodialysis is expected to hold a large market share owing to the huge acceptance of hemodialysis therapy over peritoneal dialysis among CKD and ESRD patients. According to the Organ Procurement and Transplantation Network around 83.7% of people are waiting for kidney transplants. Thus, owing to the shortage of kidneys for transplant the market is expected to witness high growth.

North America is Expected to Hold Largest Market Share over the Forecast Period

The United States is expected to be the largest market for hemodialysis owing to the presence of better healthcare infrastructure and the presence of major market players. As per the National Institute of Diabetes and Digestive and Kidney Disease, the prevalence of Chronic Kidney Disease (CKD) in the United States is about 14%. The prevalence of CKD is approximately 32% in the population above age 60 years, which occupies more than 15% of the US population. Also, there are currently 121,678 people waiting for lifesaving organ transplants in the United States of these, 100,791 await kidney transplants. Thus, considering all the above-mentioned factors the market is expected to witness high growth.

Market segment by Regions/Countries, this report covers North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa

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https://www.marketinsightsreports.com/reports/01091744631/hemodialysis-market-growth-trends-and-forecast-2020-2025/discount?source=MW&Mode=21

-Hemodialysis Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers

-Global Market Size (Value) of Hemodialysis (2020-2025)

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