FMI states in its recent study on the acute kidney injury treatment that the market will record a noteworthy CAGR of 8% through 2029. Demand for acute kidney injury is anticipated to continue surging particularly due to the increased global burden of acute kidney injury among people.
“hospitals are likely to strengthen their grip on market revenue in the near term, as governments in numerous countries are developing various platforms by creating more treatment options.” says the FMI analyst.
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Acute kidney injury Market – Important Highlights
- According to injury type, the pre-renal injury segment is expected to dominate the acute kidney injury treatment market, owing to its more prevalence in patients with acute kidney injury.
- By distribution channel, hospitals are anticipated to hold their dominance during the forecasted years
- Tech-driven AKI treatment devices to gain traction due to their ability to deliver enhanced care and support
- North America led by the US is estimated to hold the major market share, due to its advancement in technologies and major government investment in the healthcare section.
Acute kidney injury Market – Drivers
- Rising awareness about health benefits and advancements in diagnostic technology and more product availability is likely to drive the market during the forecast period.
- An increase in the global geriatric population will drive the market, as older people are prone to health complications.
- Favorable government policies and guidelines around the world to invest more in healthcare sectors are encouraging market growth.
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Acute kidney injury Market – Restraints
- Lack of early detection of the diseases and limited knowledge among people about kidney health is one of the key restraints.
- Dialysis is a very costly process, which is followed by long hospital stays which created a financial burden for many people.
COVID-19 Impact on Acute kidney injury Market
The acute kidney injury market growth is expected to be hampered owing to the unprecedented COVID-19 pandemic. As several countries went into lockdown, frequent visits to the hospital got reduced by the patients and the main focus of the doctors shifted to bring this pandemic under control. However, the market is expected to experience a swift turnaround with the stabilization of the economy.
Competitive Landscape
The acute kidney injury market players are leaning towards the expansion of the production facilities besides opting for strategic collaborations to attain a competitive edge.
A few of the key companies functioning in the global market include Braun Melsungen, Baxter International, Inc., Asahi Kasei Medical Co., Ltd, Baxter International, Inc.
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About the Study
The study offers readers a comprehensive assessment of the acute kidney injury market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (Dialysis, Drug Therapy, and others), injury(Pre-renal Injury, Intrinsic Renal Injury), distribution channel, and across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).
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