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End Stage Renal Disease Market Analysis by Regions, Types, Applications and Key Companies Contribution

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Swapnil GVR
End Stage Renal Disease Market Analysis by Regions, Types, Applications and Key Companies Contribution

The global end stage renal disease market size was valued at USD 74.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.7% from 2021 to 2028. The increasing number of patients suffering from kidney failure and the introduction of technologically advanced products, such as low maintenance dialysis equipment and artificial kidney, are the major factors expected to drive the end stage renal disease (ESRD) market. The ongoing Covid-19 pandemic has resulted in an increased demand for home dialysis across the globe. 

 

The increasing number of patients suffering from hypertension and diabetes are other factors fueling the overall market growth. Approximately, one-third of the population living with diabetes develop chronic kidney disease (CKD) and it is the most common cause of end-stage kidney disease. Hypertension is mainly caused due to high blood pressure, which significantly increases the risk of ESRD. According to the WHO facts 2019, around 1.13 billion people worldwide have hypertension. From 2014-2016, diabetes and hypertension were responsible for nearly 75% of kidney failure. Diabetes is the primary cause of advanced kidney disease, followed by hypertension, which is estimated to affect around 1 billion individuals globally. Thus, the increasing number of patients suffering from hypertension and diabetes are majorly driving the market.

 

To identify the key drivers and the competitors’ insights, Request a Sample @: https://www.grandviewresearch.com/industry-analysis/end-stage-renal-disease-market/request/rs1

Key Player Mentioned:

  • Nipro Corporation
  • Fresenius Medical Care AG & Co. KGaA
  • Baxter International, Inc.
  • Medtronic Plc
  • Braun Melsungen AG
  • BD
  • Asahi Kasei Medical Co., Ltd.

Product Segment Analysis:

 

  • Transplant
  • Dialysis

Regional Segment Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Access Press Release @ https://www.grandviewresearch.com/press-release/global-end-stage-renal-disease-market

 

The increasing incidence of renal failure in the developed and developing countries has driven the launch of technologically advanced products in the market. For instance, in February 2014, the first human clinical trials of blood purification technologies for designing Wearable Artificial Kidney 2.0 were approved by the U.S. FDA. This innovation is intended to obtain satisfactory and effective results from kidney failure patients. Thus, technological advancement in the treatment of renal failure is another factor expediting the overall market growth.

 

COVID-19 Impact:

The outbreak of the COVID-19 pandemic has significantly increased the demand for antiviral medicines globally. The treatment of novel coronavirus has increased the demand for broad-spectrum Glucose to manage the disease. Remdesivir, favipiravir, oseltamivir, and other combination medicines are highly prescribed for the treatment of COVID-19. Moreover, governments are increasing funding to pharmaceutical companies to develop novel therapeutics against COVID-19. For instance, in June 2021, the U.S. government has announced an investment of more than USD 3 billion to fasten the discovery, development, and manufacturing of antiviral medicines for COVID-19 treatment. The rising incidence of disease coupled with increasing R&D will increase the demand for Glucose in the next 2 to 3 years.

 

KEY aspects covered in the report include:

  • The market size and industry growth rate of the global and regional market across various segments
  • The region or the sub-segment that is expected to drive the End Stage Renal Disease market in the forecast period 2021-2028
  • Key companies operating in the global End Stage Renal Disease market and their market share
  • The Factors that are estimated to drive the End Stage Renal Disease Market growth
  • Key opportunities in the End Stage Renal Disease market
  • Key technological advancements and market trends that shape the market

The study objectives of this report are:

 

  • To research global status, future forecasts, growth opportunities, key markets and key players.

 

  • To present the market development in us, Europe and China.

 

  • To strategically profile the key players and comprehensively analyze their development plan and methods.

 

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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