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(Health-NewsWire.Net, August 22, 2020 ) The asia and north africa hemodialysis & peritoneal dialysis market in emerging nations is projected to reach USD 35.9 Billion by 2020, growing at a CAGR of 9.2% during the forecast period.
The rising prevalence of end-stage renal disease (ESRD), diabetes, and hypertension is stimulating the demand for dialysis treatment in the emerging nations. Furthermore, low preference of patients for kidney transplantation, technological advancements, and substantial government healthcare expenditure on the treatment of ESRD are adding to the growth prospects of dialysis products and services market in the emerging nations.
What Drives the Market?
Increasing Number of ESRD Patients
Growing Number of Patients Suffering From Diabetes and Hypertension
Rising Geriatric Population
Growing Adoption of Dialysis Procedures over Renal Transplants
Rising Focus of Global Players
Rising Private Investments in the Indian Dialysis Services Sector
However, factors such as limited reimbursement for dialysis in developing countries, high cost of dialysis treatment, lack of awareness about kidney diseases & treatment procedures among patients, and reuse of hemodialysis supplies are restraining the growth of this market.
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The evolution of new dialysis modalities, growth opportunities in emerging markets, increasing number of dialysis centers, and growing adoption of home dialysis treatment offer significant growth opportunities for players in the dialysis market.
The dialysis market in emerging nations is categorized into two broad segments, namely, hemodialysis and peritoneal dialysis.
The hemodialysis market is segmented into products and services. Hemodialysis products include hemodialysis machines and hemodialysis consumables/supplies, whereas hemodialysis services are classified into in-center services and home services. The peritoneal dialysis market, segmented into products and services, includes peritoneal dialysis machines, concentrates/dialysates, catheters, transfer sets, and other consumables such as tubing sets, drain bags, disconnect caps, bag connections, catheter stabilizing devices, and ports.
On the basis of region, the dialysis market in emerging nations is segmented into India, Asia (excluding India), and the MENA region. The market in Asia is expected to grow at a higher rate during the forecast period (2015-2020). This high growth is predominantly driven by the growing number of dialysis centers, low preference for kidney transplantation, rising awareness about renal diseases, development of low-cost products, and increasing focus of dialysis firms on the Asian market. The Indian dialysis market is expected to witness a lucrative CAGR during the forecast period due to the growing patient base, government focus on providing low-cost dialysis treatment and promoting the indigenous manufacturing of dialysis products, and the growing adoption of home dialysis treatment in the country.
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Key Players
The major players in the dialysis market in emerging nationsinclude Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (U.S.), B. Braun Melsungen AG (Germany), Nipro Corporation (Japan), and Nikkiso Co. Ltd. (Japan).
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
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