Global Nephrology Devices Market (2020 to 2025) – by Device Type, End-user and Geography – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Nephrology Devices Market (2020-2025) by Device Type, End User And Geography, Impact of Covid-19, Ansoff Analysis, Infogence Competitive Quadrant” report has been added to ResearchAndMarkets.com’s offering.
The Global Nephrology Devices Market is estimated to be USD 13 Bn in 2020 and is expected to reach USD 17.6 Bn by 2025, growing at a CAGR of 6.3 %.
The study of Nephrology deals with the functions and diseases related to the kidney and its treatment. Similarly, nephrological devices are used for the treatment of Chronic Kidney Diseases (CKD) like renal failure, interstitial nephritis, etc. As per the Global Burden of Disease, around 1.2 million people died of CKD in 2017. With a higher occurrence of CKD, more and more patients are opting for renal replacement therapies, which involve extensive use of nephrological devices. With the increasing amount of renal disorders, the demand for nephrological devices has been on the rise.
These devices are well-defined for the treatment of nephrological disorders. With the rapid technological advancements, there have been extensive innovations in the market for nephrological devices. The market is fragmented due to the presence of several sub-segments within the market. However, several companies are competing in the market by developing the specifications of the technology, and advancing the applications of the treatment, implementing profitable strategies.
With the growing prevalence of renal disorders coupled with the rising geriatric population, the growth for nephrological devices is expected to be positive. However, the high cost associated with these devices hinders the growth of the market. On the other hand, a rise in awareness about the advantages associated with nephrology devices such as reduced treatment and recovery time is expected to provide remunerative opportunities for market expansion during the forecast period.
Market Dynamics
Drivers
- Rising Geriatric Population
- The Surge in Healthcare Expenditure
- The Rise in the Prevalence of Renal Disorders
Restraints
- High Cost Associated with the Devices
Opportunities
- High Growth Potential in Developing Economies
- Innovation in Nephrology Devices
- Rising Awareness about the Benefits of Nephrological Devices
Segments Covered
By Device Type, the Dialysis Instrument is estimated to account for the fastest-growing segment during the forecast year. This is attributable to an increase in the number of patients requiring hemodialysis, thus leading to a direct demand for such machines, especially in the developing nations.
By Geography, North America is anticipated to have the largest market share during the forecast period. It is attributed to factors such as a high rise in the aging population with increased exposure to nephrological disorders. Also, the easy accessibility to the nephrological devices in the US has further boosted the growth of this market.
Why Buy this report?
- The report offers a comprehensive evaluation of the Global Nephrology Devices Market. – The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains a competitive analysis using a Competitive Quadrant, a Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
- Nikkiso Co., Ltd.
- Baxter International Inc.
- Fresenius Medical Care AG & Co. KGaA
- Dornier MedTech
- Asahi Kasei Corporation
- Nipro Corporation
- DaVita
- Cantel Medical Corporation
- B. Braun Melsungen AG
- C.R.Bard, Inc.
- Boston Scientific Corporation
- Cook Medical
- Siemens Healthineers
- Medtronic plc
- Medline Industries, Inc.
- STORZ Medical AG
For more information about this report visit https://www.researchandmarkets.com/r/jii5kz
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