The Global Dialyzers Market is estimated to exhibit significant growth owing to rising incidence of chronic renal failures especially among aged people. Fortune Business Insights has published this information in a report, titled “Dialyzers Market Size, Share and Global Trend by Flux Type (High-flux, Low-Flux), By Usage Type (Disposable, Reusable), By End User (Dialysis Centers and Hospitals, Home Healthcare), and Geography Forecast till 2026”.
According to the report, the dialyzers market was accounted for a value of US$ 9344.7 in 2018 and is projected to reach US$ 13707.2 Mn by 2026. The global market is anticipated to expand at a CAGR of 4.9% during the forecast period.
Fortune Business Insights reports that disposable dialyzers accounted for a maximum share in the global dialyzers market in 2018. The demand for disposable dialyzers is expected to increase as these dialyzers can remain functional even after their reuse. In addition to this, dialysis centers and hospitals are expected to adopt dialyzers for hemodialysis in the coming years.
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These end users are likely to account for a higher share in the global dialyzers market during the forecast period. On the other hand, home healthcare is projected to witness high demand in emerging countries owing to a better availability of resources and patient awareness.
Rising Medical Tourism Offers Growth Opportunities Asia Pacific
Among regions, Asia Pacific is projected to dominate the global dialyzers market on account of rising healthcare expenditure and improving healthcare infrastructure. Also, rising medical tourism in Asia Pacific is aiding to the expansion of the dialyzers market. The adoption of hemodialysis machines is likely to rise in developing countries in response to favorable environmental conditions. Trailing Asia Pacific, North America is anticipated to be the second-leading region as per revenue during the forecast period between 2018 and 2026. The growth of the market in this region is attributable to advanced healthcare infrastructure and rising prevalence of end-stage renal disorders (ESRD).
Growing Incidence of Hypertension and Diabetes to Aid Expansion
“The rising incidence of chronic disorders such as hypertension and diabetes is likely to bolster the growth of the Dialyzers Market,” stated a lead analyst at Fortune Business Insights. “Governments are increasingly funding improved services and products in dialysis, which in turn, is driving the market,” he added. The high cost associated with kidney transplantation is fueling demand for dialyzers as patients consider dialysis the most convenient treatment option. The shortfall of kidney donors across the world is impelling patients to prefer dialysis rather than kidney transplantation. As per the study on kidney transplantation conducted by the NHS Blood and Transplant, around 4,757 patients in the U.K. were on waiting list for kidney transplantation in 2018.
The advent of technological advancements is estimated to help the dialyzers market grow over the forecast tenure. For instance, dialyzers robotics automates the dialyzer handling unit and specializes in kidney disease diagnosis. The need for high-flux dialyzers is rising as they help in the effective removal of toxin molecules. The emergence of advanced technologies in hemodialysis is further expected to propel the dialyzers market in the coming years.
However, the mounting cost associated with hemodialysis may hamper the growth of the dialyzers market. Also, the reuse of dialyzers may cause adverse effects such as fluid overload and anemia. This is expected to negatively impact their quality of life and restrict the market’s growth in the upcoming years.
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Baxter and Fresenius to Account for a Significant Share in Overall Market
Some leading players currently operating in the global dialyzers market include Nipro Corporation, Baxter, Nikkiso Co., Ltd., Fresenius Medical Care, B Braun Melsungen, JMS Co. Ltd., Toray Medical Co., Ltd., and Asahi Kasei Corporation. These companies are increasingly focusing on product launches and developments to strengthen their product portfolio. Furthermore, these strategies are adopted to increase their market share. Baxter and Fresenius Medical Care account for more than half of the share in terms of revenue in the global market for dialyzers.
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