The South and Central America portable and wearable dialysis devices market is expected to reach US$ 409.06 million by 2027 from US$ 302.18 million in 2019; the market is estimated to grow at a CAGR of 4.1% from 2020 to 2027.
The growth of the South and Central America and portable and wearable dialysis devices market is attributed to increasing prevalence of chronic kidney conditions and end stage renal diseases. Further, increasing geriatric population coupled with rising adoption of wearable dialysis devices are also projected to drive the market growth during the forecast period. In addition, growing number of technological advancements in dialysis devices to deal with chronic kidney conditions are also anticipated to accelerate the market growth. The outbreak of the COVID-19 pandemic is estimated to less impact on the portable and wearable dialysis device market during the forecast period. It is likely to owe several growth opportunities for the market in the coming years. However, at present and in the following few years is expected to show a negative impact on market growth. Most individuals with end-stage kidney disease receive dialysis treatment to recompense for some of the lost kidney functions by removing excess fluids and metabolic wastes, such as urea, collected in the blood. The global prevalence of end-stage renal disease (ESRD) exceeded to 2 million individuals, while the worldwide incidence substantially increased from 44 per million population (pmp) in 1990 to 93 pmp in 2010. According to the estimates, 4 million people worldwide suffer from ESRD, and the number of patients diagnosed with the disease continues to increase at a rate of 5–7% per year. Moreover, according to a study published by a group of researchers at University of São Paulo, Brazil in 2015, around 1.5 million people in the Brazil were suffering from kidney disease. This extensive prevalence of kidney condition is likely to drive the adoption of dialysis treatment in the region. For instance, according to a study published by the American Society of Nephrology in 2020, the preference for dialysis treatment in Brazil grew by around 5.5% since last decade.
Brazil owes growth opportunities for the portal and wearable dialysis devices market due to the significantly rising prevalence of chronic kidney diseases. For instance, according to the Brazilian Society of Nephrology 2019 data, there were 133,464 patients undergoing dialysis in 2018. The number of these patients has grown up by an average of 6.6% in the past five years. Among these, 92.3% of people were on hemodialysis, and 7.7% of people were on peritoneal dialysis. The country has dialysis services majorly in the conventional dialysis centers. In addition, home dialysis is restricted to automated peritoneal dialysis due to the home hemodialysis activity is emerging in the country. Moreover, a majority of the patients living in kidney diseases are diagnosed with hypertension and diabetes. The incidences of kidney diseases are higher among the men of older age. Thus, owing to the rising incidences and prevalence of chronic kidney diseases are likely to serve wider growth opportunities for the market during the forecast years.
South and Central America portable and wearable dialysis devices market Revenue and Forecast to 2027 (US$ Million)
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South and Central America Portable and Wearable Dialysis Devices Market Segmentation
By Product Type
- Hemodialysis
- Peritoneal Dialysis
By End User
- Hospital
- Clinic
- Home
By Country
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- B. Braun Melsungen AG
- Baxter International Inc.
- Asahi Kasei Corporation
- Fresenius Kabi AG
- Medtronic
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, End users, and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Brazil, Argentina
The List of Companies - South and Central America Portable and Wearable Dialysis Devices Market
- B. Braun Melsungen AG
- Baxter International Inc.
- Asahi Kasei Corporation
- Fresenius Kabi AG
- Medtronic
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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