Global IT Solution for Dialysis Market, by Application (Data Acquisition, Data Management, Quality Assurance, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 3,547.8 million in 2020 and is expected to exhibit a CAGR of 6.8% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
IT solution for dialysis provides medical facilities with a number of features that improve their productivity and quality of care. The IT solution for dialysis also helps patients in the treatment of kidney disease by increasing their comfort levels and mobility. Mobile dialysis equipment is also more convenient and comfortable for patients, while reducing the need for additional floor space. A dialysis patient’s comfort is enhanced thanks to the mobility of the equipment, which reduces the need for constant patient monitoring.
The number of people suffering from chronic kidney disease is increasing all over the world, creating a massive demand for IT solutions for dialysis. According to the National Kidney Foundation of the U.S., over 37 million people suffer from chronic kidney disease. The problem is often difficult to detect, and nearly 90% of patients are unaware they have it. This growing market is benefitting from government initiatives to raise awareness about the problem.
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Global IT Solution for Dialysis Market- Impact of Coronavirus (COVID-19) Pandemic
Lockdown in various countries due to the pandemic has placed an economic burden on the private healthcare sector. Healthcare providers are facing challenges with regards to declining outpatient’s visits, manpower, equipment, consumables, and other resources to ensure safety in treatment of patients with other diseases. Various government authorities have issued certain guidelines for patients on dialysis who are infected by COVID-19.
For example, Centers for Disease Control (CDC) issued certain guidelines and all centers should be following these guidelines:
- Centers should take patients’ temperatures at check-in.
- Have separate waiting areas for sick patients that are at least six feet from other patients.
- Patients with respiratory symptoms should be given masks to wear and they should be dialyzing six feet away in all directions from healthy patients. In some centers, patients with respiratory symptoms may be dialyzed in a separate area.
- Visitors with signs/symptoms of infection should not be permitted to enter the dialysis center.
- Use cleaning procedures that kill the coronavirus, along with all routine cleaning and disinfection procedures.
The increasing number of product launches, collaborations and partnership strategies adopted by key players are the major factors, this is expected to drive growth of the global IT solution for dialysis market during the forecast period.
The growing number of dialysis procedures is expected to contribute significantly to the global IT solution for dialysis market growth. For instance, According to the National Institute of Diabetes and Digestive and Kidney Diseases, approximately 2 in 1,000 Americans are living with end-stage kidney disease (ESKD)—kidney failure that is treated with a kidney transplant or dialysis
Key players in the global IT solution for dialysis market are focused on adopting inorganic growth strategies such as collaborations and partnerships, which is expected to drive growth of the market during the forecast period. For instance, in September 2021, Fresenius Medical Care, the provider of products and services for individuals with renal diseases, has announced a strategic distribution partnership with JMS Co. Ltd, a provider of medical devices and pharmaceuticals, in Japan.
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Increasing number of dialysis centers and procedures are expected to drive growth of global IT solution for dialysis market during the forecast period. For instance, according to Brazilian Journal of Nephrology, in 2016, there were 834 registered dialysis centers, among which 747 dialysis centers were active for chronic dialysis programs. According to the Brazilian Journal of Nephrology, in 2017, an estimated 126,583 Brazilian patients were receiving dialysis treatment.
Browse 17 Market Data Tables and 22 Figures spread through 141 Pages and in-depth TOC on Global IT Solution for Dialysis Market, by Application (Data Acquisition, Data Management, Quality Assurance and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Forecast to 2027″
The rising number of dialysis procedures is expected to drive growth of the global IT solution for dialysis market. For instance, according to data published by the Indian Journal of Public Health (IJPH), in 2018, around 130,000 patients were receiving dialysis treatment in India and the number is increasing by around 232 patients per million individuals.
Key Takeaways of the Global IT solution for Dialysis Market:
- The global IT solution for dialysis market is expected to exhibit a CAGR of 8%during the forecast period (2020-2027), due to the growing number of partnerships and launches by key players. For instance, in February 2020, CitiusTech, a leading provider of healthcare technology services and solutions, partnered with Google Cloud, to accelerate digital transformation and cloud adoption across healthcare organizations. The partnership with Google Cloud further strengthens CitiusTech’s capabilities to help healthcare organizations tackle their data interoperability challenges, modernize healthcare applications, implement advanced analytics, and undertake cloud migration at their facilities. This will lead to increase of IT solutions for the dialysis and other healthcare programs in hospitals.
- Among Applications, Data Acquisition segment is expected to hold major revenue share in 2027. Generation of large amount of patient data and availability of healthcare IT solution software are expected to drive the segment growth over the forecast period. For example, B. Braun Medical Ltd’s product, NEXADIA Monitor, a software that provides a transparent view and control of a wide range of processes in dialysis treatment is used for data acquisition from patient scales, dialysis machines, and analyzers.
- Major players operating in the global IT solution for dialysis market are CitiusTech Inc., B.Braun Melsungen AG, QuantumSys Technologies, Fresenius Medical Care AG & Co. KgaA, Constellation Kidney Group, Renalyx, Sagekey Software Inc., Aithent Inc., Gaia Software, LLC, CureMD Healthcare, Renesan Software, Document Storage Systems, Inc., Visonex, iSalus Healthcare, and M Dialysis.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Market Opportunities
- Market Trend
- Impact Analysis
- Global IT Solution for Dialysis Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Impact of COVID-19 on Demand and Supply of Microscopy Devices Products
- Government Initiative
- Global IT Solution for Dialysis Market, By Application, 2020 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2020 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Data Acquisition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Data Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Quality Assurance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
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