Impact of Covid-19 on Renal Replacement Therapy market 2019 [ PDF ] with CAGR of the End 2029 | Fresenius Medical Care, Baxter International, Medtronic, etc.

Renal Replacement Therapy Market

The renal replacement therapy market was valued at USD 923.4 million in 2019 and is expected to grow with a CAGR of 7.4%.

Renal replacement therapy was introduced in the late 1970s. Burton introduced the term hemofiltration in 1976 and conducted the first multicenter trial to test its accuracy and effectiveness in the same year. Continuous arteriovenous hemofiltration (CAVH) was adopted in 1977 to treat patients with acute renal failure. In addition, CAVH also can preserve hemodynamic stability in critically ill patients.

Kidney disease is now recognized as an endemic problem of public health, affecting more than 850 million people across the globe. The Centers for Disease Control and Prevention (CDC) reported that chronic kidney disease (CKD) affects 15% of the U.S. adults, around 37 million people. Every day, in the U.S., about 13 patients die while waiting for a kidney transplant and renal replacement therapy. The demand for renal replacement therapies has enhanced as its products are helping surgeons to remove solutes in blood and tissue. Apart from this, rising cases of acute kidney injury (AKI), favorable reimbursement policies, and technological advancements in renal replacement therapy systems drive the market growth.

Readers are provided with validated and revalidated market forecast figures such as CAGR, Heavy Load Moving Skates market revenue, production, consumption, and market share. Our accurate market data equips players to plan powerful strategies ahead of time. The Renal Replacement Therapy report offers a deep geographical analysis where key regional and country-level markets are brought to light. The vendor landscape is also analyzed in-depth to reveal current and future market challenges and Renal Replacement Therapy business tactics adopted by leading companies to tackle them.

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The Major Prominent Players Covered in this Report:
Fresenius Medical Care, Baxter International, Medtronic, Braun Melsungen, Asahi Kasei Corporation, Infomed, Medica, Medical Components, Medites, Nikkiso, Nxtstage, Toray & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The analysis of the Renal Replacement Therapy Market by lays out the market size information and knowledge about the market trends along side factors and parameters influencing it in both short- and long-term. The research provides a comprehensive 360° view and insights, outlining the main outcomes of the industry. These essential insights assist the decision-makers in formulating better business plans and make informed decisions for improved profitability. Moreover, the analysis helps venture capitalists in understanding the businesses with a far better perspective and make aware decisions.

By Product
System
Consumables

By Modality
Slow continuous ultrafiltration
Continuous veno-venous hemofiltration
Continuous veno-venous hemodialysis
Continuous veno-venous hemodiafiltration

Impact COVID-19 -
The renal replacement therapy market is facing a shortage in the supply of products and consumables used in therapy due to the coronavirus outbreak. The market is estimated to witness revenue loss due to declining inpatient hospital services for renal replacements as most of the beds are occupied by COVID-19 patients. However, Fresenius Medical Care announced plans to assemble a national pool of 150 dialysis machines, which can be deployed to U.S. hospitals.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Renal Replacement Therapy Market Trends:
- The report identifies, determines, and forecasts the Global Renal Replacement Therapy Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Renal Replacement Therapy Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Renal Replacement Therapy Market.

Key Questions Answered in The Report:
What will the Renal Replacement Therapy market growth rate?
What are the key factors driving the global Renal Replacement Therapy market?
Who are the key manufacturers in the Renal Replacement Therapy market space?
What are the market opportunities, market risk, and market overview of the Renal Replacement Therapy market?
What are sales, revenue, and price analysis of top manufacturers of the Renal Replacement Therapy market?
Who are the distributors, traders, and dealers of the Renal Replacement Therapy market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Renal Replacement Therapy Industry?
What are sales, revenue, and price analysis by regions of Renal Replacement Therapy industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Highlights -
The renal replacement therapy market was valued at USD 923.4 million in 2019 and is expected to grow with a CAGR of 7.4% on account of the growing prevalence of renal diseases and surging geriatric population

The consumable segment dominates the market on account of their high replacement rate

The continuous venovenous hemofiltration (CVVH) segment holds the largest market share on account of increasing incidences of fluid overload cases.

North America dominates the renal replacement therapy market as the region is backed by the presence of increasing demand for RRT procedures and technologically advanced products

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