(MENAFN- Ameliorate Digital Consultancy)
The global portable dialysis machine market is expected to grow with a CAGR of 10.1% in the forecast duration. This valuation at present is USD 19.27 Billion in 2022. The global portable dialysis machine market is estimated to cross a value of USD 45.80 Billion by end of the year 2032.
The market is estimated to grow at a CAGR of 6.5%. This is attributed to increasing prevalence of chronic kidney diseases, rising geriatric population, and technological advancements in dialysis devices and machines. The major drivers of the market are high prevalence of chronic kidney diseases, changing lifestyle, declining cost of renal therapies, rise in disposable income, government initiatives in the healthcare sector, increase in geriatric population, and rise in dialysis patients.
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Key findings of the Portable dialysis machines market study:
Regional breakdown of the Portable dialysis machines market based on predefined taxonomy. Innovative manufacturing processes implemented by Portable dialysis machines vendors in detail. Region-wise and country-wise fragmentation of the Portable dialysis machines market to grasp the revenue, and growth outlook in these areas. Changing preferences among consumers across various regions and countries. Factors (Positive and Negative) impacting the growth of the global Portable dialysis machines market.
Market Development:
Increasing prevalence of chronic kidney diseases and rising geriatric population are the major drivers of the market. Growing importance of self-care dialysis and availability of portable dialysis machines for long and short trips is augmenting market growth. Moreover, rising incidence of end-stage renal diseases and growing preference of patients towards home-based dialysis is further propelling the demand for portable dialysis machines. Some of the key players operating in the portable dialysis machine market are Baxter, Fresenius Medical Care, NxStage, Asahi Kasei Corporation, B. Braun Melsungen AG, NIPRO Corporation, Nikkiso Co. Ltd., Toray Industries Inc, Kawasumi Laboratories, Inc., Driven Corporation, Alvi Techno Corp., JMS Co. Ltd., Sumitomo Bakelite Co., Ltd., and Diaverum Deutschland GmbH. Product innovation and strategic partnerships are key strategies adopted by market players. For instance, in October 2018, NxStage entered into a collaboration with Baxter to automate the filling of dialysate bags.
Key Trends:
Increase in Remote Monitoring: Portable dialysis machines are often used in home settings, so remote monitoring capabilities can be beneficial for remote caregivers to monitor the patient's condition. Smaller, Lighter Machines: Portable dialysis machines are designed to be as compact and lightweight as possible for convenience and ease of use. Advanced Automation: Automation is becoming increasingly important in dialysis machines. Automated fluids, waste systems, and data flow can improve patient safety, accuracy, and comfort. Smarter Data Collection: As dialysis machines become smarter, they can collect more detailed data about the patient, allowing for improved diagnosis and monitoring. Wearable Sensors: Wearable sensors can track patient data such as blood pressure, temperature, and sugar levels in real-time, allowing for better understanding of the patient's condition and better accuracy of dialysis treatment. Global portable dialysis machines market is segmented on the basis of product type, end-user, and region:
· By Product Type:
Portable Dialysis Machines for Home Use Wearable Dialysis Machine
· By End User:
Clinics Home Care Settings Others
· By Region:
North America Latin America Europe South Asia East Asia Middle East & Africa Oceania
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Key Questions Covered in the Portable dialysis machines Market Report:
What are the market size and estimates along with growth rates for the Global Portable dialysis machines Market during the forecast period? What will be the Y-o-Y growth and CAGR of the Global Portable dialysis machines Market during the forecast period? Which countries are expected to dominate the Global Portable dialysis machines Market during the forecast period? What are the key trends associated with the Global Portable dialysis machines Market? What are the factors driving the Global Portable dialysis machines Market? What are the major challenges crippling the growth of the Portable dialysis machines Market?
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