Kidneys eliminates waste from the body, regulates blood pressure, allows hormones to create red blood cells, and ensures right amount of mineral content in the body. Failure of kidney compels the need for kidney replacement. Though, it is very challenging to find a matching kidney donor and hence until then an alternative treatment called dialysis is opted. Dialysis helps in eliminating waste, salt, and extra water from body to prevent them from building up in the body and helps in maintaining safe level of certain chemicals in the blood such as potassium, sodium, and bicarbonate to control blood pressure. There are two main type of dialysis, Hemodialysis (it utilizes a machine for blood purification and requires patient visit at dialysis clinic for the treatment process) and peritoneal dialysis (it uses abdominal lining to filter the blood). Advent of home/portable dialysis equipment is expected to increase patient compliance for the dialysis treatment.
MARKET SCOPE
The "Global Dialysis Equipment and Services Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the dialysis equipment and services market with detailed market segmentation by product, end use, and geography. The report provides key statistics on the market status of the leading dialysis equipment and services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product, the global dialysis equipment and services market is segmented into hemodialysis devices, peritoneal devices, continuous renal replacement therapy (crrt), consumables.
-On the basis of end use, the market is segmented into hospitals and clinics, homecare settings, ambulatory surgical centers, others.
MARKET DYNAMICS
Drivers
- Rise in the demand for peritoneal dialysis devices.
- Growing awareness of home therapies.
- Technological Advancements
Restraints
- The high cost of treatment is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The dialysis equipment and services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the dialysis equipment and services market in these regions.
IMPACT OF COVID-19 ON DIALYSIS EQUIPMENT AND SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the dialysis equipment and services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from dialysis equipment and services market are anticipated to lucrative growth opportunities in the future with the rising demand for dialysis equipment and services in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the dialysis equipment and services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Fresenius Medical Care AG and Co. KGaA
-Baxter International
-NIPRO Corporation
-B Braun Melsungen
-Medtronic plc
-Nikkiso Co., Ltd
-Asahi Kasei Corporation Co., Ltd
-JMS Co. Ltd.
-Toray Medical Co. Ltd.
-Kawasumi Laboratories Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.