Renal Dialysis Equipment Market: Strategic Partnerships and Device Innovations Continue to Be Leading Trends
The global renal dialysis market reached $16.5 billion in 2017 and should reach nearly $21.8 billion by 2022 at a compound annual growth rate (CAGR) of 5.7% from 2017 through 2022.
Albany, NY -- (SBWire) -- 06/07/2018 --To render advanced medical aid in incidences of kidney ailments has led to advancement in renal therapeutics. Growing preference of end-users for portable dialysis devices and diminished use of renal implants has contributed towards growth of global renal dialysis equipment market. In its recently added report titled, 'Renal Dialysis Equipment: Technologies and Global Markets', Market Research Hub (MRH) offers vital perspectives on the impact of recent market trends and developments on the growth of the market.
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Devices Offering Real Time Data Initiate Novel Development in Critical Renal Care Treatment
Manufacturers are focused on adding innovative features to their products such that they enhance therapies to sync with end-user needs. Companies therefore invest their resources reasonably towards research and development of their products to incorporate novel features that resonate with industry demands. Leading companies are laying priority to introduce improved equipment that mediate ease of use to end-users escalating investment limitations.
In a recent announcement, leading hemodialysis device manufacturer, B. Braun has disclosed about the launch of its new hemodialyzer, under the brand name, Diacap® Pro which is based on fiber technology intended to enhance doses of dialysis. The equipment is designed to abandon wastes from blood, however retaining essential molecules such as albumin. Further, the industry veteran has also closed an acquisition deal of Dextera Surgical, a supplier of medical devices such as home dialysis equipment. B. Braun subsidiary, Aesculap, will be managing operations of this latest acquisition.
Also, manufacturers are entering into strategic partnerships to upgrade renal treatment facilities in the industry. A recent report highlighted the collaboration of RenalSense and Fresenius Medical Care. The former is a medical device company that develops niche products for renal diagnostics. Fresenius Medical Care which specializes in advanced renal treatment solutions will promote the flagship product, Clarity RMS® of RenalSense which is essentially a urine monitoring system dedicated to critical patients in Intensive Care Unit. The partnership envisions to render critical care management in renal treatment by providing real time data.
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Hemodialysis Segment has Attained Maximum Growth
Exhaustive summary collated in the report highlights core perspectives on the impact of growth of various segments on the market. In this section, the report highlights important segments of the market, which include, type end-user, and application. Based on type, the market is split as dialysis equipment, dialysate & other solutions and dialysis accessories like catheters, dialyzers, blood tubing sets and A.V. fistula needles. On the basis end-user, the market is sectioned as medical center dialysis and in-home dialysis. On the basis of application, the market is segmented as hemodialysis, peritoneal dialysis and continuous renal replacement therapy (CRRT). On account of information highlighted in the report, readers can comprehend better about the segments that generate maximum revenue and the impact of the same on the growth of the market.
In addition to segmentation, the report is further split in terms of regions. On the basis of region, the market is segmented as North America, Europe and other emerging markets. Deductions encapsulated in the report said the readers to understand the impact of vital business policies administered by leading companies in different regions. These information enable readers to analyze the market trends and formulate effective strategies that drive revenues.
Key Players Identified in Renal Dialysis Equipment Market
Critically examined perspectives summarized in the report renders significant information on various strategies practiced by leading companies and its influence on the purchase decisions of customers. On the basis of perspectives outlined in the report, leading companies and new entrants can make vital investment decisions. Leading companies identified in the market include, Asahi Kasei Corp., B. Braun Melsungen Ag, Baxter International Inc., Fresenius Medical Care And Medtronic Plc among others.
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