Dialysis Devices And Equipment Global Market To Reach Value Of $18.5 Billion In 2025
6 Oct, 2021
The dialysis devices and equipment market consists of the sale of dialysis devices and equipment related services. Dialysis devices and equipment are used in the dialysis process to filter the patient’s blood, in order to remove waste products such as urea, creatinine and excess water, such impurities usually occur when the kidneys fail or are damaged. Companies in this industry primarily engage in the production of dialyzers and dialysis pumping machines but can also produce other instruments used in the dialysis process, including blood pumps, catheters and tubing kits.
Global Dialysis Devices And Equipment Market Size And Drivers:
The global dialysis devices and equipment market is expected to grow from $14.51 billion in 2020 to $16.12 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $18.49 billion in 2025 at a CAGR of 3.5%. The increasing prevalence of kidney failure is driving the market for dialysis devices and equipment.
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Trends In The Global Dialysis Devices And Equipment Market
The latest trend in the dialysis devices and equipment market is the use of technology to develop innovative products that can enhance functionality. To enhance the quality of the devices, new methods are being developed to speed up the process of filtering the blood and improve the overall filtration process. As a result of improved technology products like Revaclear High-Flux Dialyzer by Baxter, which enhances the filtration process of the blood by improving the speed at which the blood is filtered are being developed. Revaclear dialyzers are devices which can help detect renal failure by hemodialysis. With the improvement in technology the innovations in the devices are expected to continue.
Global Dialysis Devices And Equipment Market Segments:
The global dialysis devices and equipment market is further segmented –
By Product: Hemodialysis Devices, Peritoneal Dialysis Devices
By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings
By Application: Serum And Blood Treatment, Virus Purification, Drug Binding Studies, Others
By Geography: The global dialysis devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/dialysis-devices-and-equipment-global-market-reportDialysis Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides dialysis devices and equipment market overviews, analyzes and forecasts market size and growth for the global dialysis devices and equipment market, dialysis devices and equipment market share, dialysis devices and equipment market players, dialysis devices and equipment market segments and geographies, dialysis devices and equipment market’s leading competitors’ revenues, profiles and market shares. The dialysis devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.