June 17, 2020
Global Hemodialysis and Peritoneal Dialysis Market by Product, by End-Use, by Type, Region and Segment, Forecasts 2020–2026
Global Hemodialysis and Peritoneal Dialysis Market is valued to reach USD 85.2 Billion by 2024. The market is set to grow at CAGR of 6.4% from 2020–2026, owing to factors like rising geriatric population, increasing number of patients suffering from kidney diseases, shortage of organ donors and rising preference of patients for dialysis treatment over kidney transplant.
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Market Trends, Drivers, Restraints and Opportunity:
- The global market witness a surge in the cases of renal disease arising out of chronic diseases. Change in lifestyle and development of disorders demands an effective treatment process for renal diseases
- Further, development of a robust medical infrastructure and growing investments by key players is more likely to enhance the market growth in the coming years. Particularly, investments for peritoneal products are gaining a huge momentum
- Techno-medical advancements in developing economies triggered by medical initiatives for a healthy population is a major trend witnessed across the global market
- Strategic mergers and acquisitions and innovation in untapped markets offers growth opportunities in developing economies, while strengthens the market position in developed economies
- On contrary, regulatory and compliance issues are creating challenges which further limits the market growth throughout the forecast span
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