Hemodialysis Market is Predicted to See Lucrative Gains Over 2021-2027 Covid-19 Analysis

Precision Business Insights published a research report on “Hemodialysis Market: By Type (Conventional, Daily, Nocturnal), Product (Equipment, Consumable, Drug, catheters), By Services (In-center dialysis, Home dialysis), By End User (Hospitals, Dialysis Centers), and Geography - Global/Region/Country Forecast to 2027".

Hemodialysis is a procedure that removes waste from the blood, such as urea, restores electrolyte balance in the blood, and removes excess fluid from the body using an artificial membrane. When kidney function falls below 10% to 15%, it is no longer capable of filtering blood. Toxins and extra fluid buildup in the body as a result of this. Toxins are removed through hemodialysis. For patients with end-stage renal illness, it is a successful therapy. Hemodialysis comes in a variety of forms. Hemodialysis at a hospital or dialysis facility is called in-center hemodialysis. Three times a week, in the assistance of a technician, home hemodialysis is performed. Five to seven days a week, daily home hemodialysis is performed. In six to eight hours, nocturnal home hemodialysis is completed. Unfortunately, the global outbreak of COVID-19 and the lockdown scenario in certain countries created some problems on the market, as hospitals and clinics were forced to suspend services in order to stop the spread of the COVID-19 virus.

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An increase in the frequency of hypertension and diabetes, as well as a rise in the number of patients with end-stage renal disease and the elderly population, are the main drivers of market development. One of the most important risk factors for chronic renal disease is age. Aging has an impact on the kidney, causing structural and functional changes that impair renal function. Furthermore, the elderly is more susceptible to chronic conditions such as diabetes and hypertension, which are major causes of renal damage. As a result, a significant growth driver for the worldwide hemodialysis market is the growing global occurrence of hypertension and diabetes. During the projection period, the market will be restrained by many product recalls, a growth in kidney transplantation, and the risks and issues associated with dialysis.

The global hemodialysis market can be fragmented on the basis of product type, which is further segmented into Chronic Hemodialysis Catheter, Peritoneal Dialysis Catheter, and Acute Hemodialysis Catheter. In terms of modality, the market is categorized into Home Hemodialysis and In-Center Hemodialysis. On the basis of end user, the market is classified into dialysis centers, hospital, and homecare.

Owing to the increased prevalence of renal illnesses, the rising number of diabetic and hypertension patients, and new technologies in the healthcare business, North America is expected to dominate the market. Asia Pacific is expected to grow at the highest CAGR among developing markets throughout the projected period.

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Some of the major key players in hemodialysis market, which includes Fresenius Medical Care AG & Co. KGaA (Germany), DaVita Healthcare Partners, Inc. (US), Baxter International, Inc. (US), Cantel Medical Corporation (US), NIKKISO CO., LTD (Japan), Dialife Group (Switzerland), Braun Melsungen AG (Germany), Diaverum Healthcare Partners (Germany), Asahi Kasei Corporation (Japan), Medtronic Plc (Ireland), NxStage Medical, Inc. (US).

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