In a recent published report, Kenneth Research has updated the market report for Hemodialysis Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hemodialysis Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the Hemodialysis MARKET during the forecast period.
Global Hemodialysis Market was valued at USD 86 Billion in the year 2017. Global Hemodialysis Market is further estimated to grow at a CAGR of 4.6% from 2019 to reach USD 122.44 Billion by the year 2025. Hemodialysis treatment removes the toxic substances and free water from the blood when the kidney is in a state of renal failure.
The global hemodialysis Market has been segmented in into by product and services, by modality, by type and by region. On the basis of product and services, the Market is sub segmented as Hemodialysis Products and services of which the services segment is expected to hold the highest Market share. Based on modality, the hemodialysis Market is classified into, conventional hemodialysis, short daily hemodialysis, and nocturnal hemodialysis. By type the Market is segmented in Central Water Disinfection Systems Market and Portable Water Disinfection Systems Market.
Major market players in Hemodialysis Market are Baxter International, B. Braun, DaVita Healthcare Partners, Fresenius Medical Care, Nipro Corp., Nxstage Medical Inc., Nikkiso Co. Ltd.,
Mar Cor Purification Inc., Diaverum Deutschland GmbH, Asahi Kasei Medical Co. Ltd., and brief information of 9 companies will be provided in the report.
SWOT analysis of Hemodialysis Market:
Strength:
Growing Prevalence of Diabetes and Hypertension
Rapid Growth in the old age Population
Weakness:
Risks and complications associated with dialysis
Opportunities:
Technological Advancements Leading to Better Adoption
Untapped industries in Developing Economies
Threats:
Available substitutes treatments
North America region holds the highest Market share in 2017 and Asia Pacific is considered as the fastest growing Market in the forecasted period. At country level China and India are projected to grow strongly in the coming years. A number of factors such as the huge patient population base and increasing number of dialysis centers are driving the growth of the hemodialysis and hemodialysis Market in the Asia-Pacific region.
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Hemodialysis Market Segmentation:
By Modality
*Conventional Long-Term Hemodialysis
*Short Daily Hemodialysis
*Nocturnal Hemodialysis (NHD)
By Products & Services
*Hemodialysis Products
o Hemodialysis Machines
o Hemodialysis Consumables/Supplies
*Hemodialysis Services
o In-Center Hemodialysis Services
o Home Hemodialysis (HHD) Services
By Type
*Central Water Disinfection Systems Market
*Portable Water Disinfection Systems Market
By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa
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ANSWERED TO THE FREQUENTLY ASKED QUESTIONS :
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Key Topic Covered in this Report
*Market Growth Opportunities
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*Market Size and Growth Rate
*Market Growth Drivers
*Company Market Share
*Market Trends and Technological
The Hemodialysis Market report highlight the economy, past and emerging trend of industry, and availability of basic resources. Furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Hemodialysis Market before evaluating its possibility.
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*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
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