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Hemodialysis & Peritoneal Dialysis Market Showcasing High Growth Opportunities for Market Players
Over the last two decades, the treatment modalities for dialysis have witnessed significant innovations. These innovations in treatment modalities are transforming the practice of dialysis throughout the world. North America and a major part of the European region are saturated markets for dialysis products and services; however, developing regions such as Asia-Pacific (Japan, China, South Korea, and India), Latin America, and Middle East are expected to form the new revenue pockets for this market. The dialysis market in these emerging regions is primarily driven by various economic developments. Moreover, the presence of a large patient population, growing number of dialysis centers, increasing government initiatives to develop dialysis care, and increase in healthcare spending are some of the other key factors fuelling the growth of the dialysis market in these regions. Moreover, these regions provide favorable conditions for the growth of market players and have a high demand of dialysis products and services. As a result of this, a number of players in the dialysis market are investing in emerging economies. For instance, in February 2013, Asahi Kasei Corp. announced the establishment of Asahi Kasei India Pvt. Ltd. in Mumbai (India), to strengthen its market research and sales support activities in India.
In the Asia-Pacific region, the dialysis market in China is estimated to grow at the highest CAGR in the next five years. A number of factors such as the growing economy, presence of a large patient population base, growing prevalence of diabetes and hypertension, and government investments in healthcare infrastructure are the major drivers contributing to the growth of the dialysis market in China. Market players such as Nikkiso Co. Ltd. (Japan), Asahi Kasei Medical Co., Ltd. (Japan), and Baxter International, Inc. (U.S.) are expanding their facilities in China, in order to meet the projected demand. Moreover, the dialysis market in India is also expected to witness a robust growth in the forecast period. The evolving dialysis market in India offers remarkable growth opportunities due to factors such as the increase in healthcare affordability, government initiatives, and presence of a large patient population base. The combined effort of government agencies and public sector organizations to increase healthcare awareness has enabled the Asia-Pacific and the RoW (Latin America, Middle East, and Africa) region to become attractive markets for dialysis product manufacturers and service providers.
Peritoneal dialysis is a promising market which is showcasing high growth opportunities for market players. Various factors such as increasing preference of patients towards home dialysis, changing reimbursement scenario, and increasing awareness about new dialysis treatment modalities are fuelling the demand for peritoneal dialysis products and services. Furthermore, home hemodialysis and new evolving peritoneal dialysis treatment techniques (such as PD Plus therapy and intermittent PD) are also opening new business development opportunities for industry players. Several dialysis companies are investing in these high growth markets, in order to gain more profits and increase their share in the global dialysis market.
Dialysis Market [(Hemodialysis - Machine, Dialyzer, Bloodlines, Concentrates, Services), (Peritoneal Dialysis - Cycler, Catheter, Dialysate, CCPD, CAPD, IPD), (End Users - Hospital, Independent Dialysis Center, Home Dialysis)] – Global Forecast to 2018.