(PharmaNewsWire.Com, December 01, 2017 ) The Latin America Dialysis Equipment Market had a market value of USD 2.4 billion in 2016 and is forecasted to exhibit a CAGR of 7.8% and reach USD 3.24 billion by 2021.
Dialysis machines are used as substitute to kidneys for purifying blood incase kidneys couldn’t filter the blood. These machines cleanse the blood, fills it with vital substances and removal of excess liquid. These machines are permanent incase patient is not suitable for kidney transplant.
Increasing aging Population, rising incidence of kidney diseases, increasing number of diabetes and hypertension patients, and technological advancements in healthcare industry are some of the major drivers driving the market. However, factors like low awareness about kidney disease treatment and decreasing medical reimbursements for dialysis treatment are restricting the growth of the market.
Latin America Dialysis Equipment market is segmented based on Type and End User. Based on Type, market is segmented into Hemodialysis Equipment, Peritoneal Dialysis Equipment, Continuous Renal Replacement Therapy Systems, and Dialysis Accessories. Based on Hemodialysis Equipment, market is further segmented into Hemodialysis Machines, Dialyzers, and Blood Access Device Dialysate. Based on Peritoneal Dialysis Equipment, market is further segmented into Continuous Cycling Peritoneal Dialysis, Continuous Ambulatory Peritoneal Dialysis, and Intermittent Peritoneal Dialysis. Based on End User, market is segmented into In-center Dialysis, Home care Dialysis. Hemodialysis segment dominates the market with over 88 % of the market share with dialyzers as its major segment during the forecast period. This is because of this method’s lower risk of infections. Peritoneal Dialysis Equipment is expected to grow at the fastest CAGR owing to the self-administrable and needleless treatment. In End User segment, Home care segment is expected to witness faster growth during the forecast period.
Geographically, market is segmented into Brazil, Argentina and Mexico. Latin America is the third attractive market after North America and Asia-Pacific owing to the growing healthcare infrastructure and growing healthcare expenditure.
This report also provides market strategies of key players like Fresenius Medical Care AG & Co., Gambro AB, Baxter International Inc., Nipro Inc., ALLMED Medical GmbH, Asahi Kasei Corporation and others.
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
