In a recently published report, Hemodialysis Machines Market report for till 2030. The 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 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 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 Analysis and U.S. Census Bureau mention 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) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hemodialysis Machines Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Hemodialysis Machines Market valued approximately USD 2.2 billion in 2017 is anticipated to grow with a healthy growth rate of more than 4.62% over the forecast period 2018-2025. A rise in the number of patients of renal diseases and requirement of kidneys to transplant are the major factors which are driving the growth in the Global Hemodialysis Machines Market. Additionally, technical developments and launch of new products are other essential factors propelling the demand for the machines. As the demand for hemodialysis machines is growing rapidly, the manufacturers are investing in research and development in order to innovate machines which are less expensive and user-friendly, which is likely to boost the market in the near future. However, issues such as product recall & risks and complications involved in dialysis restrict the market growth.
Hemodialysis, also called artificial kidney, is basically a treatment which is required when there is a critical disturbance in the kidney function. In hemodialysis, the blood is filtered mechanically and extra amount of toxins and fluids are separated from the blood in case kidneys are unable to work properly. In hemodialysis treatment process, the blood is carried out of the body for filtering and returned by a hemodialysis machine using a dialyzer. With the growth in the geriatric population, the problems of the renal diseases in aged people has also increased due to which the market for hemodialysis machines is growing. Moreover, the rising preference of patients toward dialysis instead of renal transplants is further anticipated to fuel the market over the forecast period.
Based on treatment procedures, the hemodialysis is categorized into continuous hemodialysis and intermittent hemodialysis treatment.
For hemodialysis, vascular access is needed for blood to flow out of the body to be filtered and pumped by a hemodialysis machine through a dialyzer. Hemodialysis can be performed in an in-center facility or at home.
The regional analysis of Hemodialysis Machines Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Hemodialysis Machines Market over the forecasted period 2018-2025. Asia-Pacific is estimated to hold a prominent share of the Hemodialysis Machines market. Developing countries, such as India and China, are significant players boosting the demand for the Hemodialysis Machines Market. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Hemodialysis Machines Market over the coming years. Asia Pacific region is contributing towards the growth of global Hemodialysis Machines Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ï‚§ Single Pump Hemodialysis Machines
ï‚§ Double Pump Hemodialysis Machines
By End User:
ï‚§ Hemodialysis Machine
ï‚§ Hemodiafiltration Machine
ï‚§ Bedside hemodiafiltration Machine
ï‚§ North America
ï‚§ Asia Pacific
ï‚§ Latin America
ï‚§ Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The leading Market players mainly include-
• Asahi Kasei
• NxStage Medical
Target Audience of the Hemodialysis Machines Market in Market Study:
ï‚§ Key Consulting Companies & Advisors
ï‚§ Large, medium-sized, and small enterprises
ï‚§ Venture capitalists
ï‚§ Value-Added Resellers (VARs)
ï‚§ Third-party knowledge providers
ï‚§ Investment bankers
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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