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Innovative Product Launches to Accentuate Dialyzer Market Growth
MarketResearchReports.biz has announced the addition of a report, titled “Global Dialyzer Market 2017–2021.” The in-depth research study on the global dialyzer market provides comprehensive insights into the key market dynamics, current and emerging trends, lucrative opportunities, regulatory framework, and competitive landscape. The research report offers an in-depth insight into the recent innovative products launched by prominent companies. In addition, the study highlights the major factors influencing the demand of key product segments in major regions such as Asia Pacific, the Americas, and the EMEA.
The global market for dialyzers is mainly driven by the rising number of patients suffering from kidney failure or end stage renal disease (ESRD) and increasing preference for dialysis procedures over kidney transplants. The global dialyzer market is projected to expand at a CAGR of 5.98% from 2017 to 2021. Declining numerous kidney transplantations and the advent of inexpensive and portable equipment will fuel the demand for dialyzers world over.
The rising geriatric population in various regions, especially in emerging and developed economies, and the growing preference for dialysis among ESRD patients are expected to propel the demand for dialyzers. Recent technological advancements and design innovations by leading medical device manufacturers and a growing healthcare expenditure in emerging regions are some of the crucial factors boosting the uptake of dialyzers. The growing prominence of in-center dialysis procedures over home dialysis is expected to catalyze the market over the forecast period.
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The soaring demand for minimally invasive therapies in the healthcare industry is expected to accentuate the market the along forecast period. Furthermore, the increasing inclination of home devices and the presence of vast latent opportunities in emerging regions are expected to unlock abundant opportunities for manufacturers. A robust healthcare spending in the developed region and constant miniaturization of devices are anticipated to fuel the demand for dialyzers.
The market will witness substantial demand for high-flux dialyzers and the segment is expected to lead the market, in terms of product. The impressive growth of this segment is fuelled by their advanced functionalities. High-flux dialyzers facilitates the removal of large-sized and middle-sized molecules by letting them pass through the dialysis membrane but prevent the unintended removal of essential proteins from the patient’s blood. Furthermore, high-flux dialyzers help in rapid removal of various toxins, possess enhanced process efficiency, and are cost-effective. The use of bicarbonate dialysate in dialyzers will further improve the efficacy of the equipment, thereby boosting their uptake in major regions.
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The market is extremely competitive with the presence of several global players dominating the market. Leading players are actively launching innovative to consolidate their market shares across various regions. Currently, the share of regional manufacturers and local vendors is significantly lower than that of international companies. However, with intensifying competition in the coming years, the scenario is likely to change in the foreseeable future.
Prominent players operating in the market are Nikkiso Co Ltd., Baxter International Inc., NIPRO Medical, Fresenius Medical Care, Asahi Kasei, Allmed Medical, and Silver Med.
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