The global hemodialysis machine market is
expected to witness significant growth over the forecast period owing to rising
demand from end-user industries including pharmaceutical, personal healthcare,
and medical device. Furthermore, growing prevalence of cardiovascular diseases
including coronary artery disease, hypertension, and cardiac aneurysms is
anticipated to drive the market growth over the next eight years. In addition,
the growing adoption of hemodialysis machine for diabetes, and end-stage renal
diseases is further projected to propel the sector demand over the forecast
period. The market is projected to witness proliferated demand over the next
eight years owing to increasing application in curing coronary artery disease;
rising need to diagnose kidney failure and growing utilization in high blood
sugar patients have age-related issues. However, high initial setup cost
coupled with rising fluctuation in the raw material prices has enabled the
market to witness hindered growth over the next eight years.
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Machine Market Report at : https://www.millioninsights.com/industry-reports/hemodialysis-machine-market
The market is segmented by
product into centre-use hemodialysis machines, home-use hemodialysis machines,
and others. This centre-use hemodialysis machine segment was accounted for a
major market share in 2015 and it is projected to witness similar trend by 2024
owing to growing applications from independent dialysis centres and hospitals.
On the other hand, home-use hemodialysis machine is anticipated to report the
fastest growth over the next eight years primarily due to increasing demand for
home hemodialysis and peritoneal dialysis. The hemodialysis machine market is
highly competitive primarily to the presence of several domestic and
international suppliers.
Though, the sector has the
presence of various new players, who face difficulty in competing with other
major companies in terms of functionalities, features, quality, and services.
Over the forecast period, the growing new product development activities
coupled with increasing adoption of new technologies for achieving operational
efficiency has enabled the competition to become more aggressive. On a contrary,
few major players through continuous R&D endeavors coupled with growing
expertise knowledge in the industry have enabled them to witness competitive
edge, thus propelling the overall growth of the sector over the next eight
years.
North America and Europe are
anticipated to witness major market share over the forecast period owing to the
growing number of independent dialysis centres coupled with rising government
initiatives to develop better dialysis facilities. Asia Pacific is
anticipated to account for fastest growth over the forecast period primarily
due to the increasing ESRD patient population base coupled with growing
awareness among end users regarding new developments in the dialysis treatment
modalities.
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India, China, and Japan are
anticipated to witness the highest share in the region majorly owing to the
rising disposable income coupled with growing foreign investments. The
Middle East & Africa is projected to see significant growth by 2020 mainly
owing to increasing urbanization, industrialization, and globalization. The
sector has huge potential in this region primarily owing to rising per capita
income and foreign investments.
Key players in the market include
DaVita Healthcare Partners Inc. (U.S.), Fresenius Medical Care AG & Co.
KGaA (Germany), B. Braun Melsungen AG (Germany), Baxter International, Inc.
(U.S.) and Nipro Corporation (Japan). Few other companies in the hemodialysis
industry include Nikkiso Co. Ltd. (Japan), Diaverum Deutschland GmbH (Germany)
and NxStage Medical, Inc. (U.S.). The market is highly consolidated having more
than 35% market share by major players. The major players generally tend to
retain their market share through new product development and through attaining
operational efficiency. These players through continuous R&D endeavors
focus on building a wide distribution network that supports the overall market
to report significant growth over the forecast period. Companies through
strategic expansions and mergers & acquisitions have been trying to cater large
volume of customers with products that are cost-effective and high quality.
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