Hemodialysis Market Expected to Secure Notable Revenue Share by 2025 | Top Players Cantel Medical Corp, Baxter International, DaVita, Diaverum & Fresenius
The function of kidneys is to remove waste products and excess fluid from the blood. If the kidneys do not function normally, this process is implemented by hemodialysis. Waste products, such as urea and creatinine, are removed from the blood with the help of artificial and natural semipermeable membranes.
The major driving factors for the growth of the global hemodialysis market are increase in the number of end-stage renal disease (ESRD) patients, rise in incidence of diabetes and hypertension, and increase in funding for improved dialysis products and services.
Moreover, owing to lack of matching donors, dialysis is preferred over kidney transplant, which is expected to further fuel market growth. However, risks and complications associated with dialysis and product recall are expected to hamper market growth.
By product and service, the service segment accounted for approximately two-thirds share of the global hemodialysis market in 2017. Furthermore, the nocturnal segment is anticipated to grow at the highest rate of 4.9% during the forecast period.
KEY FINDINGS OF THE STUDY
• North America occupied less than two-thirds share of the global hemodialysis market in the year 2017.
• The consumable segment is anticipated to grow with the highest CAGR throughout the forecast period.
• Europe is anticipated to nearly occupy a one-third market share of the global hemodialysis medicine market by 2025.
• The Asia-Pacific region is anticipated to grow at the highest rate during the forecast period, followed by LAMEA.
• Asahi Kasei Corporation
• B. Braun Melsungen AG
• Baxter InternationalInc.
• Cantel Medical Corp.
• DaVita Inc.
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