Dialysis Market to Reach $136.15 Billion by 2026 Driven by the Increasing Investment in Product R&D

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The global dialysis market size is projected to reach USD 136.15 billion by 2026The increasing investment in the research and development of new products will have a huge impact on the growth of the market. According to a report published by Fortune Business Insights, titled “Dialysis Market Size, Share and Global Trend By Type (Products and Services), By Dialysis Type (Hemodialysis and Peritoneal Dialysis), By End User (Dialysis Centers& Hospitals and Home Care), and Geography Forecast till 2026,” the market was worth USD 92.78 billion in 2018 and will exhibit a CAGR of 4.9% during the forecast period, 2019-2026.
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For More Information:https://www.fortunebusinessinsights.com/dialysis-market-102367
Dialysis is a process that is carried out in patients with kidney failures. The process is used to regulate all the processes that is carried out by the kidney. The increasing incidence of chronic kidney failure will open up a huge potential for the companies operating in the market. Recent advancements in dialysis equipment have led to optimum product efficacies. Due to the high prevalence of chronic kidney diseases, several large scale companies are looking to invest more towards the development of efficient equipment. Moreover, the increasing number of regulatory clearances will create several opportunities for the market. Improving accessibility to efficient hemodialysis care centres will lead to a wider adoption for the procedure across the world. Presence of favourable reimbursement policies will contribute to the growth of the market in the coming years.
Increasing Number of Regulatory Approvals Will Aid Growth
The report includes several factors that have contributed to the growth of the market in recent years. The increasing number of regulatory approvals have made a huge impact on the growth of the market. Due to the high prevalence of kidney diseases, companies are looking to invest more in the development of advanced dialysis equipment. In October 2019, the US Food and Drug Administration announced that it has cleared Fresenius Medical’s new dialysis system. Fresenius’ device will not only help the company generate substantial market revenue, but will also have a direct impact on the growth of the market, accounting to its global customer reach.
North America to Emerge Dominant; Presence of Favorable Reimbursement Policies Will Aid Growth
The report analyzes the ongoing dialysis market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years, driven by the presence of favorable health reimbursement policies in several countries across the region. As of 2018, the market in North America was worth USD 34.81 billion in 2018 and this value is projected to increase further in the coming years.
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