Global Dialysis Equipment Market – Overview
Owing to several technological advances, efficacy and safety in the process of dialysis is improving. Besides, this improvement has given new life to the treatment for patients who need it. Thus, it does not come as a surprise that over the forecast period of 2019 to 2027, Transparency Market Research study report on the market states that it will see sturdy growth, presenting companies in the market with opportunities that are both novel and lucrative. Due credit should be given to market players who have shown relentless efforts in improving patient experience and medical outcomes.
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The report contains details on trends, drivers, and competitive analysis of the global dialysis equipment market over the forecast period. The through profiling of key players and an in-dept coverage of regional potentials provide players with data that can pave way for better decision-making. Also, it provides insights on market strategy, market share, production and consumption of products details to the reader.
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Global Dialysis Equipment Market – Key Trends and Drivers
A number of factors are at play over the landscape, ensuring significant growth in the global dialysis equipment market over the forecast period. One of the major one is growth of equipment for HD (Hemodialysis). This in turn is a result of high incidence of kidney failure noted word over. In these cases, it become imperative to filter out waste and water through the process of HD. Thus, more and more players took the task at hand to improve patient experience, and provide them with the best medical outcomes.
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It is worth noting here that in the United States of America alone, 37 million people suffer from chronic kidney disease. And, this includes one in every seven adults – 15% of total adult population. Besides, the problem with chronic kidney disease is that a large chunk of about 90% people suffering from it are unaware of its existence in their system. Additionally, it is worth noting here that one in every three adults are a risk of developing the condition. This number in absolute terms comes to a hefty 80 million.
Besides, the world will see a massive number of people aged 60 and above – 2 billion by 2050. The number looks pronounced when kept in contrast against the number noted in 2015 – 900 million. Here again, it is pertinent to note that in North America and Europe, and worldwide, the number of people aged 65 and above will be one in every four and one in every six, respectively. And, it is worth noting that this demographic is quite prone to kidney troubles. This demographic thus contributes significantly to the growth of global dialysis equipment market.
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Global Dialysis Equipment Market – Key Companies
Global dialysis equipment market is highly competitive and slightly fragmented and the prominent companies that mark its landscape include Baxter International, B. Braun Melsungen AG, JMS Co. Ltd., Cantel Medical, Asahi Kasei Corporation, Quanta Dialysis Technologies among others. These are profiled in the Transparency Market Research report.
Global Dialysis Equipment Market – Regional Analysis
The global dialysis equipment market will see growth across the globe. However, North America would account for a major share of the market over the forecast period. Some of prominent reasons behind this position that the region is set to maintain over the forecast period is high level of advancement in technology, robust healthcare system, proper reimbursement policies, and also a rapidly ageing population.
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