Renal Services Market Introduction
Renal services gives a convincing and opportune possibility to anticipate the kidney diseases. The main task of renal services is to improve impaired renal function. The renal service centers are controlled by a group of experts and their healthcare professionals & consultants. The services incorporate a full scope of end-stage renal illness care and administrations, including different types of dialysis option like hemodialysis, peritoneal dialysis etc. The renal service providers, provides both inpatient and outpatient setting services according to the need of the patients. In the renal services market, the service providers always try to give value added services to the patients to satisfy them. Like recently holiday dialysis service is start providing by the organization like Renal Services (UK) Limited provides holiday dialysis, where patients can avail the treatment at any centers under the parent organization network when they travel.
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Renal Services Market – Competitive Landscape
Diaverum, DaVita Inc., and Fresenius Medical Care are the major players operating in the renal services market. Value-added discounts and public private partnership to set up renal care clinics are some of the strategies adopting by major players to maintain their share in the market.
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Diaverum
Founded in 1991, Diaverum is located in Lund, Sweden. Diaverum is a prominent leading provider of renal care across the world. It is the largest independent service provider in Europe. Currently, the company operates more than 300 clinics in 20 countries across Europe, Asia, Latin America, and the Middle East. Its portfolio includes preventive care, hemodialysis, home care, self-care, peritoneal dialysis, and transplantations. In 2017, Diaverum opened a kidney treatment center at Queen Mary’s Hospital in partnership with Guy’s and St Thomas NHS Foundation Trust.
DaVita Inc.
Headquartered in the U.S., DaVita Inc. is one of the largest kidney care service providers in the U.S. Since the last 20 years, the company has been focusing on transforming care delivery to improve the quality of life of patients across the globe. Currently, it operates 241 outpatients’ dialysis centers in nine countries across the world. DaVita Inc.’s expert team provides services such as awareness about renal function, diet & nutrition, and treatment to patients.
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Fresenius Medical Care Deutschland GmbH
NephroCare is the service brand of Fresenius Medical Care. The organization opened its first center in 1994. Currently, Fresenius Medical Care is treating more than 100,000 patients in over 980 dialysis centers. Thus, it provides about 13 million treatments per year in more than 30 countries. Fresenius Medical Care offers services at 30% to 40% below market price in emerging markets such as India.
- Braun Melsungen AG
- Braun Melsungen AG, a Germany-based medical company, opened B. Braun renal care centers in more than 30 countries across the world. The company adopted the public private partnership strategy through different tendering processes to open its renal service centers in various countries.
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Renal Services Market Dynamic
Large Patient Pool of Kidney Diseases Driving Demand for Renal Services
According to the International Society of Nephrology, more than 850 million people were afflicted with some kind of kidney disease across the world in 2018. Additionally, according to Center for Disease Control, more than 1 million population is diagnosed with kidney failure in the US every year. Currently, 700,000 patients in the U.S. are suffering from end-stage renal disease. The vast patient population provides opportunities for companies with renal service centers. According to the European Renal Care Providers Association, around 3.7 million patients were treated for end-stage renal disease worldwide in 2016.
North America Dominated Renal Services Market in 2018
According to the American Society of Nephrology, more than 30 million people in North America were afflicted with kidney diseases in 2018; of this, the prevalence of end-stage renal disease stood at 2,180 per million people in the U.S. Large patient base, high awareness, availability of reimbursement, and increase in demand for home dialysis are some of the factors driving the renal services market in North America. Medicare expenditure for outpatient dialysis services stood at US$ 11.4 Bn in the U.S.2016, an increase of 2% compared to that in 2015.
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