Healthcare Outlook
Hemodialysis Market To Witness Substantial Gains Over 2019-2027
Hemodialysis also termed as dialysis is a process of blood purification, when human kidney fails to do so (due to kidney failure or end-stage renal diseases). In end–stage renal diseases, toxic waste products, and extra fluids are built-up in the body. There is also imbalance of salts and minerals in the blood. A hemodialysis or kidney transplant is opted in such cases. A hemodialysis machine is used to perform hemodialysis. The Component present in a hemodialysis machine are – dialyzer, a dialysis solution (sterilized mineral ions), and tubes for passing of blood and dialysis solution. The blood flows through the tubes and enters into the machine, where the waste products are removed through the filter and the blood again is passed back to the body through the tubes.
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Global Hemodialysis Market Drivers
Strategies such as partnerships, collaborations, mergers, and acquisitions, adopted by the key players are expected to drive the global hemodialysis market growth. For instance, in July 2018, B. Braun Medical Inc., a medical device company acquired bloodline portfolio business of NxStage Medical Inc., a medical technology company for expansion of their dialysis product portfolio. B. Braun Medical Inc. is going to add “Streamline Express” (bloodline manufactured by NxStage Medical Corporation), a tubing set used in hemodialysis machine into their product portfolio.
Furthermore, in October 2018, Baxter Healthcare Corporation, a medical device company collaborated with Mayo Clinic, a non–profit medical center, for establishment of renal care center in Florida, U.S. The purpose of setting up the center is to serve patients with kidney failure and trial of new products, including hemodialysis machines. This may allow higher adoption of hemodialysis machines by the healthcare institutions, thereby expected to drive the global hemodialysis market growth.
Furthermore, key players are constantly focused on developing new technology in hemodialysis, which is expected to propel the global hemodialysis market growth. For instance, in January 2019, Fresenius Medical Care AG & Co. KGaA, launched a 4008A dialysis machine. The 4008A dialysis machine incorporates high therapy standards and is cost–effective.
Global Hemodialysis Market Regional Analysis
North America is expected to dominate the global hemodialysis market over the forecast period. Initiatives taken by the government and other organizations may have a positive impact on the North America hemodialysis market growth. For instance, in April 2019, Baxter International Inc., a medical device company, the National Association for the Advancement of Colored People (NAACP, civil right organization), and the Alliance for Home Dialysis announced to conduct a Dialysis Health Imperative for Access, Choice, and Equity program (ACEP) for the third year. The purpose of this program is to raise awareness about the kidney failure diseases, risk associated with it, treatment options available, etc. Such initiatives may lead to higher adoption of hemodialysis treatment and thereby, is expected to support the global hemodialysis market growth.
Global Hemodialysis Market Key Players
Some of the major players operating in the global hemodialysis market include, Baxter Healthcare Corporation, B. Braun Medical Inc., Fresenius Medical Care AG & Co. KGaA, Toray Industries, Inc., Nikkiso Co. Ltd., JMS Co. Ltd., Diaverum Deutschland GmbH, Nipro Corporation, and Gambro.
Global Hemodialysis Market Taxonomy
The global hemodialysis market is segmented on the basis of component, hemodialysis type, end user, and region.
By Component
Dialyzer
Dialysis Solution
Tubes
Catheter
Others
By Hemodialysis Type
Conventional
Daily
Nocturnal
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