South and Central America Portable and Wearable Dialysis Devices Market Forecast by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027South and Central America Portable and Wearable Dialysis Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product Type (Hemodialysis and Peritoneal Dialysis); End users (Hospital, Clinic, and Home), and Country
- Report Date : Oct 2020
- Report Code : TIPRE00014993
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 84
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)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
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
South and Central America Portable and Wearable Dialysis Devices Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 302.18 Million |
| Market Size by 2027 | US$ 409.06 Million |
| Global CAGR (2020 - 2027) | 4.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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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
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