Hemodialysis is a life-sustaining treatment for people with end-stage kidney disease. It aids in the removal of waste materials, extra fluid, and electrolytes from the blood, all of which help regulate and alleviate renal failure symptoms. Hemodialysis is not a cure for kidney disease, but it can significantly improve the quality of life for many patients. It serves as a stopgap therapy for some before kidney transplantation, the definitive solution for renal failure.
Global Expanded Hemodialysis Therapy Market Driving Factors and Challenges
The expanding global population of persons suffering from chronic renal diseases. Because kidney failure halts the process of cleansing blood and waste outflow, novel medical equipment must be employed to filter the blood externally. As a result, it is expected that the increasing frequency of chronic renal illnesses worldwide would create attractive prospective opportunities for market expansion over the projection period. Diabetes and hypertension have also increased dramatically in recent years as a result of poor diet, sedentary lifestyle, inadequate physical activity, increased alcohol consumption, and other factors. People with such diseases are regarded to be more likely to develop a kidney disease.
Strong/High Equipment Costs: Risks and problems of dialysis Patients undergoing increased hemodialysis treatments may experience serious negative effects. One of the most common adverse effects is anemia, or a deficiency of red blood cells in the body. Patients receiving extended hemodialysis may also experience generalized discomfort, warmth, redness, and edema. These problems, when combined, will make it difficult for the industry to grow throughout the anticipated timeframe.
Furthermore, because of the enormous number of competitors, the dialysis market is tremendously competitive and diverse. Tier I, mid-tier, and start-up enterprises all compete in the hemodialyser and peritoneal dialysis markets. In this intensely competitive area, businesses are attempting to gain market visibility.
Impact of COVID-19 on Global Expanded Hemodialysis Therapy Market
The COVID-19 epidemic affected practically every industry and produced major financial difficulties for healthcare services due to increased healthcare costs. The adoption of social distancing norms and the modification of standard operating procedures hampered the day-to-day operation of several healthcare services, including dialysis processes. Many hospitals suspended or rescheduled ordinary care and only provided emergency services. Despite the coronavirus outbreak, emergency dialysis was conducted in medical facilities. As the number of COVID-19 cases fell in many nations, healthcare facilities began providing services, finally reverting to pre-pandemic levels and positively impacting the market landscape.
Expanded Hemodialysis Therapy Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Asahi Kasei Corporation, B. Braun Melsungen AG, Baxter International Inc., Cantel Medical Corp., Fresenius Medical Care AG & Co. KGaA, Nikkiso Co, Ltd., Nipro Corporation, NxStage Medical Corp., Satellite Healthcare Inc., MEDIVATORS Inc.
Global Expanded Hemodialysis Therapy Market Segmentation:
By Product: Based on the Product, Global Expanded Hemodialysis Therapy Market is segmented as; Machine, Dialyzers, Concentrates, Dialysates, Catheters.
By Modality: Based on the Modality, Global Expanded Hemodialysis Therapy Market is segmented as; Short Daily, Conventional Long Term, Nocturnal.
By Application: Based on the Application, Global Expanded Hemodialysis Therapy Market is segmented as; Priced Equipment, Service, Consumable, Drug.
By End User: Based on the End User, Global Expanded Hemodialysis Therapy Market is segmented as; Hospital, Independent Dialysis, Home Dialysis
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.