Dialysis process has now become an essential procedure for kidney patients and enable with opportunity to lead a normal life. The treatment process eliminates all the toxicity, salt and extra water from body when kidneys have a malfunctioning. Hemodialysis is a common form that involves removal of blood from the body which is run through the dialyzer, cleaned and swapped into the body. The normal time frame to conduct a full dialysis is three hours that is offered by health systems.
Alone in the United States, the government pays more than 80% via a health programme called Medicare. With the rise in need for dialysis is shooting up, the healthcare providers should acknowledge the savings opportunity prior to dealing with dialysis scenario. Other aspects for healthcare providers to know that dialysis is an economical business that allows patients to purchase smaller services.
the drivers responsible for market growth include higher developments in medical infrastructure and potential opportunities in the untapped market in the developing regions. In addition, geriatric population accounts for a greater ratio owing to health issues such as digestive disorders and kidney & liver disorders. The global market is highly affected by a vast presence of clinical institutions such as wet labs, research centers and hospitals.
Asia-Pacific regions account for a significant market share in the global scenario owing to rise in patients with kidney failure and diabetes. The market registers subsequent developments in medical domain across India, China, Japan and Australia. Rise in medical tourism is a prime factor responsible for the market growth. Favorable reimbursement scenarios and enhancement in medical infrastructure propel the market growth in APAC sector.
North America and Europe dialysis market have remarkable growth prospects along with a rise in the patient pool, availability of medical pharmacies and increased awareness for diagnosis techniques.
Prominent players in the dialysis market include Fresenius Medical Care AG & Co KGaA, DaVita Healthcare Partners Inc, Baxter International Inc, B.Braun Melsungen AG, Diaverum Deutschland GmbH and Nipro Corporation. The key players are emphasizing strategic alliances, mergers and acquisitions to offer a better service.