Hemodialysis Product Type Segment to Witness Higher CAGR during Forecast Period
According to the latest report on “Asia Pacific Portable and Wearable Dialysis Devices Market Forecast to 2027 – COVID-19 Impact and Analysis – by Product Type and End User,” the market was valued at US$ 598.05 million in 2019 and is projected to reach US$ 913.92 million by 2027; it is expected to grow at a CAGR of 5.7% during 2020–2027. The report highlights trends prevailing in the Asia Pacific portable and wearable dialysis devices market and the factors driving market along with those that act as hindrances.
Based on product type, the Asia Pacific portable and wearable dialysis devices market is segmented into hemodialysis and peritoneal dialysis. In 2019, the hemodialysis product type segment held a larger share of the market. Also, the segment is expected to grow at a faster rate during the forecast period.
The growth of the Asia Pacific portable and wearable dialysis devices market is attributed to the increasing adoption of hemodialysis due to extensively increasing prevalence of chronic kidney disorders. Moreover, increasing awareness about benefits offered by the products coupled with new product introductions in the market are also anticipated to drive the substantial opportunity for the growth of the market by 2027. Countries in the region are massively hit by coronavirus. In order to contain the diseases, governments in the regions have imposed lockdowns on manufacturing and other business operations. These disruptions in supply chain are likely to hamper the market growth during the pandemic.
B. Braun Melsungen AG, Baxter International Inc., Asahi Kasei Corporation, Fresenius Kabi AG, and Nipro amongst others are among the leading companies operating in the Asia Pacific portable and wearable dialysis devices market.
The report segments Asia Pacific Portable and Wearable Dialysis Devices Market as follows:
- Hemodialysis
- Peritoneal Dialysis
By End User
- Hospital
- Clinic
- Home
By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
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