NEWARK, Del, Sept. 14, 2022 (GLOBE NEWSWIRE) -- The global dialysis device and concentrates market are anticipated to create an absolute dollar opportunity by anticipating a CAGR of 4.9% with a valuation of about US$ 20,858.0 Million in 2022 surpassing an estimation of US$ 33,583.3 Million by 2032. According to the historical forecast from 2016 to 2021, the market was anticipated to register a CAGR of 8.4% for the global dialysis device and concentrates market.
Dialysis is an alternative treatment to compensate for poor or lost kidney function. The damage to kidney function can be due to acute kidney injury or chronic kidney disease. Some of the most common reasons for kidney diseases are urinary infections, diabetes, and genetic kidney diseases. Due to the growing prevalence of renal disorders, significant growth is seen in the dialysis device and concentrates market.
There are two different forms of dialysis treatment namely peritoneal dialysis (PD) and hemodialysis (HD). It is a commonly used dialysis technology that treats circulating blood in the dialysis machine. As the blood undergoes a dialyzer, it automatically gets cleaned and the waste products are diffused in dialysis concentrate.
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Due to the presence of excessive participants, the market is highly competitive. The global players are focusing on research and development of new trends in dialysis devices. Leading players are focusing on continuous collaborations and highly investing in research, in order to provide more convenient solutions to the healthcare industry verticals
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More Insights into the Dialysis Device and Concentrates Market
According to the FMI analysis, North America is predicted to dominate the global dialysis device and concentrates market by accounting for about 38.6% of the total market share. The surging incidents of diabetes, blood pressure, obesity, and other lifestyle-related disorders in the U.S. are expected to surge the prevalence of kidney diseases.
The surging geriatric population in the country is yet another factor responsible for driving the prevalence of dialysis devices and concentrates. Owing to the rising prevalence of CKD, several governmental and non-governmental authorities are educating and supporting the population dealing with kidney diseases.
Europe is yet another region to exhibit lucrative growth opportunities by capturing a share of 33.5% in the dialysis devices and concentrates market. Rising government expenditure in the healthcare sector is anticipated to boost sales in the market.
The Asia Pacific region is predicted to exhibit a significant growth rate in the dialysis devices and concentrates market over the forecast period, attributing to the surging health awareness, governments are actively launching initiatives to spread awareness about kidney-related issues.
Key Segments Profiled in the Dialysis Device and Concentrates Industry Survey
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