Global
Hemodialysis Catheters Market is projected to reach $926 million by 2023, growing
at a CAGR of 4.8% from 2017 to 2023.Hemodialysis is a process of blood
purification in patients suffering from kidney disease by means of external
hemodialyzer or artificial kidney. The dialyzer is connected to patient with
the help of catheter & external tubing and facilitates efficient removal of
wastes such as urea and extra fluid from blood. The hemodialysis catheter is
implanted into the patients vein to provide vascular access during dialysis
process for efficient transfer of blood from patient to dialysis machine. The
catheter consists of tubes, hub, extension, clamps, and cuffs.
Increase in prevalence of number of kidney diseases
is expected to result in surge in the number of kidney patients around the
globe, which is projected to boost the demand for hemodialysis catheters during
the study period. Moreover, technological advancement in these catheters and
lack of kidney donors are projected to fuel the market growth.
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The major companies profiled in the report include
·
Fresenius Medical Care AG & Co. KGaA
·
Nikkiso Co. Ltd
·
B. Braun Melsungen AG
·
Nipro Medical Corporation
·
Toray Medical Co. Ltd.
·
Baxter International Inc.
·
Asahi Kasei Medical Co. Ltd.
·
NxStage Medical Inc.
·
Outset Medical Inc.
·
Allmed Medical Corporation.
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Cuffed tunneled catheter segment is anticipated to
lead the market throughout the analysis period, owing to increase in the number
of hemodialysis patients. Clinics/dialysis centers segment accounted for $ 369
million of the revenue in 2016. Furthermore, the home dialysis segment is
anticipated to grow at the highest rate, registering a CAGR of 5.3% from 2017
to 2023, due to factors such as user convenience and cost-effectiveness
provided by the home dialysis machines.
Asia-Pacific dominated the market in 2016,
accounting for 5.1% of the overall hemodialysis market. This is attributed to
the availability of efficient hemodialysis centers and favorable reimbursement
policies in the developed countries such as the UK and Germany. However, LAMEA
possessed the highest growth rate in 2016 due presence of large patient pool
and increase in awareness towards the advantages of dialysis.
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Key Findings of the
Hemodialysis Catheters Market:
- In 2016,
cuffed tunneled catheters generated the highest revenue, and is projected
to grow at a CAGR of 4.7% during the forecast period.
- Home
dialysis is expected to grow at a CAGR of 5.3%.
- Asia-Pacific
is anticipated to grow at the highest rate of 5.1% during the analysis
period, followed by LAMEA.
- China and
India are the major market shareholders in Asia-Pacific.
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