Hemodialysis devices segment is expected to drive the market for blood purification equipment over the forecast period by product segment.
According to
Request for sample PDF Copy at: https://www.theinsightpartners.com/sample/TIPHE100001301/
The major players operating in the blood purification equipment market include,
Technological Advancements in Hemodialysis
The discovery of new diagnostics and medical treatment devices are typically viewed as innovations in the health care field. Innovation in medical science plays a vital role in evolving care by translating new clinical insights, protocols, and techniques into the area. Dialysis care has also seen significant improvement over the past years. This involves providing broader access to care, better overall experience, and improved outcomes for dialysis patients.
According to NEJM Catalyst,
Increasing Prevalence of Chronic Kidney Diseases
The most common type of renal diseases include chronic kidney diseases (CKD). CKD refers to a long term condition, commonly caused due to high blood pressure and doesn't improve over time. The CKD occurs due to inability of the kidneys to perform their normal function. Over the time, human kidneys stop working completely and requires performing dialysis that helps to filter and purify the blood with the help of an external machine. These machines known as hemodialysis devices contributes a major share in the blood purification equipment market.
Thus, the increasing number of patients suffering with renal disorders that require regular dialysis procedures are expected to increase the demand of the equipment thereby fostering the market growth. The mortality rate due to chronic kidney diseases has also witnessed a surge over years. The 2015 study of Global Burden of Diseases conducted by the
The global blood purification equipment market by product segments was led by hemodialysis device. In 2018, the hemodialysis device accounted for the largest market share in the global blood purification equipment market. The growth of hemodialysis devices is expected to grow due to the increasing number of patients suffering from chronic renal diseases across the world. On the other hand, the continuous renal replacement therapy (CRRT) device segment is estimated to mark the highest CAGR in the market during the forecast period, owing as the therapy is effective among patients that are unable to tolerate hemodialysis.
Organic growth strategies were observed in global blood purification equipment industry. The organic strategies which were conducted more compared to the inorganic strategies for the blood purification equipment. For instance, in
Purchase Full copy of This Report at: https://www.theinsightpartners.com/buy/TIPHE100001301/
Media Contact
Company
Contact Person:
Email: sam@theinsightpartners.com
Phone: +1-646-491-9876
City:
State:
Country:
Website: https://www.theinsightpartners.com/
Source: www.abnewswire.com
.
(C) 2021 M2 COMMUNICATIONS, source