Leading players are developing and implementing advanced technology in neonatal dialysis treatment such as continuous renal replacement therapy by using dialysis machine, augmenting the growth
Leading players are developing and implementing advanced technology in neonatal dialysis treatment such as continuous renal replacement therapy (CRRT) by using dialysis machine, augmenting the growth
Award winning market research company Fact.MR projects the neonatal dialysis market to post significant gains through 2021 and beyond. Growing cases of premature infants with kidney disease such as organ dysfunction syndrome, perinatal asphyxia and sepsis is driving the demand for various neonatal dialysis treatment.
According to Fact.MR, rising incidence of kidney failure in newborns across the globe is increasing the demand for neonatal dialysis treatment. Surging cases of disease such as renal artery thrombosis, dehydration, and hepatic failure in premature born babies leading to kidney failure is furthering the adoption for neonatal dialysis treatment.
According to the World Health Organization, around 380,000 premature babies are born in the U.S. and around 17 billion premature babies are born across the globe every year. Among those, around 8% to 11% of neonates are diagnosed with kidney failure and the mortality rate witnessed among neonates is between 10% and 60%. Hence, healthcare professionals are adopting the neonatal dialysis for better treatment option and reducing the mortality rate.
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Some of the leading manufacturers are implementing advanced technology for developing better treatment options. Hence, hospitals and healthcare facilities are exhibiting increasing adoption of neonatal dialysis, improving the market growth.
“With the number of acute kidney failure in neonates rising, requirement for technologically advanced, accurate and efficient neonatal dialysis treatment is accelerating. It is widening growth opportunities for market players,” says the Fact.MR analyst.
Key Takeaways
- In terms of product type, peritoneal dialysis is expected to hold the major chunk of global market share
- Continuous renal replacement therapy machine is anticipated to be one of the most lucrative segment through 2021
- The U.S. is anticipated to lead the North America’s neonatal dialysis market throughout the forecast period
- Germany and the U.K. are expected to be the frontrunners backed by the advanced healthcare infrastructure
- Japan is anticipated to emerge as a potential market through 2031
- Dialysis centers & hospitals are expected to be the primary end-users of neonatal dialysis market.
Prominent Drivers
- Growing cases of preterm or low birth coupled with increasing cases of kidney disease in newborns are expected to drive the demand
- Rising number of neonatal care facilities across the globe is expected to propel the market growth
Key Restraints
- High prices of advanced neonatal care equipment such as neonatal dialysis is likely to impede the growth
- Lack of reimbursements policies in emerging economies such as China and India will hamper the demand of neonatal dialysis
- Poor infrastructure and lack of disease awareness within developing nations might restrict the growth of neonatal dialysis market
Discover more about the neonatal dialysis market with figures, data tables and the table of contents.
https://www.factmr.com/report/neonatal-dialysis-market
Competitive Landscape
Key players operating in the neonatal dialysis market profiled by Fact.MR includes B. Braun Melsungen AG, Fresenius Medical Care AG & Co., KGAA, Omnica Corporation, Medtronic, Baxter International Inc., Nikkiso Co. Ltd., Asahi Kasei Medical Co. Ltd., Infomed SA, and Bellco S.R.L among others. Prominent manufacturers are using various strategies such as new product launches, partnerships, expansions, joint ventures and collaboration to increase their footprints in the industry.
In 2020, Medtronic received clearance from U.S. Food and Drug Administration for its first neonatal dialysis for infants and newborns suffering from acute kidney failure. The Carpediem hemodialysis system was used at Cincinnati Children’s Medical Center for infants weighing between 5.5 and 22 pounds.
Also, in 2019, a global healthcare leader, Fresenius Medical Care announced the acquisition of NxStage Medical Inc., the U.S. based home dialysis leader to expand the company’s regional footprint in the dialysis market.
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More Insights on the Neonatal dialysis Market
In its latest study, Fact.MR offers an unbiased analysis on global neonatal dialysis market for the upcoming decade. The study gives detailed insights on the major trends and growth opportunities that the market is expected to witness over the forecast period of 2021 to 2031. To get a better hindsight, the market is segmented on the basis of product type (peritoneal devices, continuous ambulatory peritoneal dialysis (CAPD)continuous cycling peritoneal dialysis (CCPD), continuous renal replacement therapy (CRRT) machine, and cardio-renal pediatric dialysis emergency machine), end user (hospitals, clinics, ambulatory surgical centers, dialysis centers, and nursing home) and across major regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa.
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Source: Fact.MR