Dialysis Products and Services Market Will Grow at a Strong Rate Through 2020: Transparency Market Research
Transparency Market Research Report Added "Dialysis Products and Services Market" to its database.
Albany, NY -- (SBWire) -- 02/25/2015 --According to a new market report published by Transparency Market Research "Dialysis Products and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the global dialysis products and services market was valued at USD 77607.7 million in 2013 and is expected to grow at a CAGR of 5.9% from 2014 to 2020, to reach an estimated value of USD 115474.9 million in 2020.
Presently, the dialysis products and services market is growing at a rapid pace due to increasing prevalence of end stage renal diseases among the geriatric population across the globe. According to the American Society of Nephrology, more than 570,000 Americans have end-stage renal disease currently. With the increasing use of dialysis treatments, the market is considered highly competitive with high growth rate. Increasing prevalence rate of diabetes and hypertension are the primary factors responsible for the growth of dialysis products and services market.
Furthermore, sedentary lifestyle related factors such as smoking, drinking, and lack of physical activity also increases the risk of chronic kidney diseases (CKD). With the advent of technologically advanced dialysis treatments, the dialysis products and services market is expected to grow during the forecast period from 2014 to 2020. However, lack of awareness about the prevalence of chronic kidney disease can be a huge restraining factor for the growth of the market.
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In the hemodialysis segment, the hemodialysis machines market accounted for the largest market share of 30.8% in 2013. Factors contributed towards the growth of the segment are increasing prevalance of CKD and growing need of the population to opt for the most sophisticated treatment. Similarly, in the peritoneal dialysis segment, concentrates/dialysates constituted the largest market in the year 2013 growing at the highest CAGR of 7% over the forecast period. The high growth rate is primarily attributed to increasing preference of people to opt for peritoneal dialysis, hence boosting the growth of the concentrate/dialysate segment. The market for in-center dialysis segment was valued at USD 56,484.4 million in 2013 of the total dialysis services market segment. The advantage and convenience of administration of treatment by trained dialysis care experts in a fixed schedule has contributed to the growth of in-center dialysis segment.
Geographically, North America accounted for the largest market share in the dialysis products and services market in 2013. Factors that are driving the growth of the market in North America are increasing number of dialysis patients and growing awareness about associated treatments. However, Asia Pacific countries such as Japan, China, Brazil and India are anticipated to emerge as lucrative markets in the near future, owing to increased disposable incomes of these developing regions, favorable reimbursement scenario and major government support to set up healthcare infrastructures.
High growth rate of the dialysis products and services market is likely to attract various top pharmaceutical companies. Major players operating in the dialysis products and services market are Fresenius SE & Co. KGaA, Rockwell Medical Technologies, Inc., Baxter International, Inc., Cantel Medical Corporation, Medical Components, Inc., Covidien plc, Asahi Kasei Medical Co., Ltd., Nikkiso Co., DaVita Healthcare Partners, Inc., Ltd., B. Braun Medical, Nipro Corporation, Kawasumi Laboratories, and NxStage Medical, Inc.
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The global dialysis products and services market is segmented as follows:
Global Dialysis Products and Services Market, by Product type:
- HD Machines
- HD Access Products/Catheters
- HD Concentrates/Dialysate
- Others (Water Treatment System, Fistula Needles)
- PD Machines
- PD Catheters
- PD Transfer Sets
Global Dialysis Products and Services Market, by Type of Services:
- In-center Dialysis
- Home Dialysis
Global Dialysis Products and Services Market, by Geography:
- North America
- Asia Pacific
- Rest of the World (RoW)
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View this press release online at: http://rwire.com/583298