Global IT Solution for Dialysis Market, by Application (Data Acquisition, Data Management, Quality Assurance, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 3,547.8 million in 2020 and is expected to exhibit a CAGR of 6.8% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Global IT Solution for Dialysis Market- Impact of Coronavirus (COVID-19) Pandemic
Lockdown in various countries due to the pandemic has placed an economic burden on the private healthcare sector. Healthcare providers are facing challenges with regards to declining outpatient’s visits, manpower, equipment, consumables, and other resources to ensure safety in treatment of patients with other diseases. Various government authorities have issued certain guidelines for patients on dialysis who are infected by COVID-19.
For example, Centers for Disease Control (CDC) issued certain guidelines and all centers should be following these guidelines:
- Centers should take patients’ temperatures at check-in.
- Have separate waiting areas for sick patients that are at least six feet from other patients.
- Patients with respiratory symptoms should be given masks to wear and they should be dialyzing six feet away in all directions from healthy patients. In some centers, patients with respiratory symptoms may be dialyzed in a separate area.
- Visitors with signs/symptoms of infection should not be permitted to enter the dialysis center.
- Use cleaning procedures that kill the coronavirus, along with all routine cleaning and disinfection procedures.
The increasing number of product launches, collaborations and partnership strategies adopted by key players are the major factors, this is expected to drive growth of the global IT solution for dialysis market during the forecast period.
The increasing number of dialysis procedures is expected to contribute significantly to the global IT solution for dialysis market growth. For instance, according to Prime Certification and Inspection, a sister company of Geoscience Testing Laboratory, between 2014 and 2015, over 2,000 chronic kidney disease patients have undergone dialysis in the UAE and this number is increasing by 10-15% each year.
Key players in the global IT solution for dialysis market are focused on adopting inorganic growth strategies such as collaborations and partnerships, which is expected to drive growth of the market during the forecast period. For instance, in April 2011, Fresenius Medical Care AG & Co. KGaA, a provider of dialysis products and services, announced an agreement with Abu Dhabi Health Services Co. PJSC (SEHA) for the management of its dialysis facilities in the emirate of Abu Dhabi. SEHA is a public provider of health care services in the United Arab Emirates.
Increasing number of dialysis centers and procedures are expected to drive growth of global IT solution for dialysis market during the forecast period. For instance, according to Brazilian Journal of Nephrology, in 2016, there were 834 registered dialysis centers, among which 747 dialysis centers were active for chronic dialysis programs. According to the Brazilian Journal of Nephrology, in 2017, an estimated 126,583 Brazilian patients were receiving dialysis treatment.
Browse 17 Market Data Tables and 22 Figures spread through 141 Pages and in-depth TOC on Global IT Solution for Dialysis Market, by Application (Data Acquisition, Data Management, Quality Assurance and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Forecast to 2027"
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The rising number of dialysis procedures is expected to drive growth of the global IT solution for dialysis market. For instance, according to data published by the Indian Journal of Public Health (IJPH), in 2018, around 130,000 patients were receiving dialysis treatment in India and the number is increasing by around 232 patients per million individuals.
Key Takeaways of the Global IT solution for Dialysis Market:
- The global IT solution for dialysis market is expected to exhibit a CAGR of 6.8% during the forecast period (2020-2027), owing to the increasing number of partnerships and launches by key players. For instance, in February 2020, CitiusTech, a leading provider of healthcare technology services and solutions, partnered with Google Cloud, to accelerate digital transformation and cloud adoption across healthcare organizations. The partnership with Google Cloud further strengthens CitiusTech’s capabilities to help healthcare organizations tackle their data interoperability challenges, modernize healthcare applications, implement advanced analytics, and undertake cloud migration at their facilities. This will lead to increase of IT solutions for the dialysis and other healthcare programs in hospitals.
- Among Applications, Data Acquisition segment is expected to hold major revenue share in 2027. Generation of large amount of patient data and availability of healthcare IT solution software are expected to drive the segment growth over the forecast period. For example, B. Braun Medical Ltd’s product, NEXADIA Monitor, a software that provides a transparent view and control of a wide range of processes in dialysis treatment is used for data acquisition from patient scales, dialysis machines, and analyzers.
- Major players operating in the global IT solution for dialysis market are CitiusTech Inc., B.Braun Melsungen AG, QuantumSys Technologies, Fresenius Medical Care AG & Co. KgaA, Constellation Kidney Group, Renalyx, Sagekey Software Inc., Aithent Inc., Gaia Software, LLC, CureMD Healthcare, Renesan Software, Document Storage Systems, Inc., Visonex, iSalus Healthcare, and M Dialysis.
