Global Portable Dialysis Devices Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Vikas Kumar
- June 14, 2022
- HEALTHCARE, NEWS
- Portable Dialysis Devices Market, Portable Dialysis Devices Market Forecast, Portable Dialysis Devices Market Future, Portable Dialysis Devices Market Growth, Portable Dialysis Devices Market Share, Portable Dialysis Devices Market Size, Portable Dialysis Devices Market Trend
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Global portable dialysis devices market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 15% during the forecast period (2021-2027F). Dialysis is a life-saving treatment for patients suffering from end-stage kidney disease. Portable dialysis machines are the ones that are particularly designed for use at home setups or during traveling. These machines can significantly improve the quality of life by allowing patients to have dialysis while going around their daily activities.
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The growth of the portable dialysis devices market across the globe is witnessing growth on account of the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having chronic kidney diseases, hypertension, and diabetes. For instance, as per WHO, Chronic Kidney Disease (CKD) is the 6th fastest-growing cause of death. Approx., 195 million women are affected by Kidney diseases worldwide. Around 1.7 million people are estimated to die annually because of acute kidney injury (AKI) globally. Also, an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension, most (two-thirds) living in low- and middle-income countries. This rise in the number of people with high blood pressure is leading to an increase in kidney diseases as high blood pressure can constrict and narrow blood vessels, eventually damaging and weakening them throughout the body, including the kidneys. Owing to these glaring statistics the demand for potable dialysis devices is anticipated to grow in the forthcoming years.
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Based on product, the market is segmented into hemodialysis and peritoneal dialysis. The hemodialysis segment grabbed a significant share of the global portable dialysis devices market and will witness a considerable CAGR during the forecast period (2021-2027F). The growth of this segment can be attributed to the increasing prevalence of kidney failure patients coupled with frequent innovative product launches in the market by the key market players.
Based on the end-users, the global portable dialysis devices market is segmented into hospitals and clinics, home care settings, and others. The hospitals and clinics segment occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 increasing preference of patients to take dialysis procedures in hospitals and clinics owing to the well-established infrastructure and presence of trained healthcare professionals & advanced devices. However, the home care setting segment is expected to grow considerably in the upcoming years.
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Additionally, the report provides detailed report also provides insights into the global portable dialysis devices market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD xx billion in 2020 owing to the well-established market players and frequent product launches.
B. Braun Melsungen AG, Baxter International Inc, AllMed Healthcare Management, Inc, Asahi Kasei Corporation, Fresenius Kabi AG, AWAK Technologies, Quanta Dialysis Technologies Ltd, Medtronic Plc, Nipro, NxStage Medical Inc. are some of the key players operating in the global portable dialysis devices market. Several M&As along with partnerships have been undertaken by these players to develop various types of dialysis devices.
Global Portable Dialysis Devices Market Segmentation
Market Insight, by Product
- Peritoneal Dialysis
Market Insight, by End-Users
- Hospitals and Clinics
- Home care settings
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- B. Braun Melsungen AG
- Baxter International Inc
- AllMed Healthcare Management, Inc
- Asahi Kasei Corporation
- Fresenius Kabi AG
- AWAK Technologies
- Quanta Dialysis Technologies Ltd
- Medtronic Plc
- NxStage Medical Inc.