The global nephrology devices market accounted for $12,012 million in 2018, and is expected to reach $16,421 million by 2026, registering a CAGR of 4.0% from 2019 to 2026. Nephrological devices are defined as the machines that are employed for the treatment of nephrological disorders. The nephrological disorders that are treated using nephrology devices include renal failure, interstitial nephritis, and chronic kidney disease. Moreover, nephrological devices are used to perform various functions in the treatment of different nephrological conditions. For instance, in patients with renal failure, devices such as dialysis machines are utilized to filter toxins from blood. Similarly, lithotripter is employed in the treatment of patients suffering from kidney stones. The machine works by pulverizing the stones with the help of electromagnetic shock waves.
The growth of the global nephrology market driven by surge in geriatric population and rise in prevalence of chronic kidney diseases across the globe. Furthermore, innovation in nephrology devices and rise in healthcare expenditure fuel the growth of the market. However, high cost associated of these devices restrains the growth of the global market. On the contrary, rise in awareness about the benefits associated with nephrology devices such as reduced treatment and recovery time among renal disease patients is expected to provide remunerative opportunities for market expansion during the forecast period.
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The nephrology devices market is segmented into device type and region to provide a detailed assessment of the market. By device type, the market is divided into dialysis instrument, lithotripter, dialysis catheters, and other products. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
KEY BENEFITS FOR STAKEHOLDERS
– This report entails a detailed quantitative analysis along with the current global nephrology devices market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
– The market size and estimations are based on a comprehensive analysis of key developments in the industry.
– A qualitative analysis based on innovative products facilitates strategic business planning.
– The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
List of key players profiled in the report
– Baxter International
– C.R.Bard
– Fresenius Medical Care
– Nikkiso Co. Ltd
– Dornier Medtech
– Asahi Kasei Corporation
– DaVita, Nipro Corporation
– Cantel Medical Corporation
– B. Braun Melsungen AG
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
– Cook Medical
– Olympus Medical System
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Key Market Segments
– By Device Type
o Dialysis Instrument
o Lithotripter
o Dialysis Catheters
o Others
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Spain
? Rest of Europe
o Asia-Pacific
? Japan
? China
? India
? Australia
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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- This file will help the peruses with appreciation the opposition interior the ventures and structures for the serious local weather to improve the feasible benefit. The document moreover facilities round the cutthroat scene of the market, and provides exhaustively the piece of the pie, industry positioning, contender organic system, market execution, new object advancement, recreation circumstance, development, and securing.
- And so forth of the fundamental players, which assists the peruses with distinguishing the indispensable contenders and profoundly know the opposition instance of the market.
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- This document will aid companions with grasp contenders higher and collect experiences to reinforce their scenario in their organizations. The serious scene region contains the piece of the pie and rank (in extent and worth), contender environment, new object improvement, development, and obtaining.
- This document stays refreshed with novel innovation mix, highlights, and the latest developments on the lookout.
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