Global Hemodialysis Market Drivers
Strategies such as partnerships, collaborations, mergers, and acquisitions, adopted by the key players are expected to drive the global hemodialysis market growth. For instance, in July 2018, B. Braun Medical Inc., a medical device company acquired bloodline portfolio business of NxStage Medical Inc., a medical technology company for expansion of their dialysis product portfolio. B. Braun Medical Inc. is going to add “Streamline Express” (bloodline manufactured by NxStage Medical Corporation), a tubing set used in hemodialysis machine into their product portfolio.
Furthermore, in October 2018, Baxter Healthcare Corporation, a medical device company collaborated with Mayo Clinic, a non–profit medical center, for establishment of renal care center in Florida, U.S. The purpose of setting up the center is to serve patients with kidney failure and trial of new products, including hemodialysis machines. This may allow higher adoption of hemodialysis machines by the healthcare institutions, thereby expected to drive the global hemodialysis market growth.
Furthermore, key players are constantly focused on developing new technology in hemodialysis, which is expected to propel the global hemodialysis market growth. For instance, in January 2019, Fresenius Medical Care AG & Co. KGaA, launched a 4008A dialysis machine. The 4008A dialysis machine incorporates high therapy standards and is cost–effective.
Furthermore, in October 2016, Baxter Healthcare Corporation, launched a product HDx with Theranova (dialyzer), a hemodialysis machine used in end–stage renal diseases treatment. According to Baxter Healthcare Corporation, the dialysis machine is very efficient and closely related to natural kidneys of the body in terms of function. It is capable of filtering middle–sized molecules along with smaller molecules effectively. Hence, this factor is expected to accelerate the global hemodialysis market growth.
Global Hemodialysis Market Regional Analysis
North America is expected to dominate the global hemodialysis market over the forecast period. Initiatives taken by the government and other organizations may have a positive impact on the North America hemodialysis market growth. For instance, in April 2019, Baxter International Inc., a medical device company, the National Association for the Advancement of Colored People (NAACP, civil right organization), and the Alliance for Home Dialysis announced to conduct a Dialysis Health Imperative for Access, Choice, and Equity program (ACEP) for the third year. The purpose of this program is to raise awareness about the kidney failure diseases, risk associated with it, treatment options available, etc. Such initiatives may lead to higher adoption of hemodialysis treatment and thereby, is expected to support the global hemodialysis market growth.
Hemodialysis Market Report Snapshots
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