The rise in the global elderly population, as well as the rising prevalence of chronic kidney disease, are two main drivers driving the nephrological devices market forward. Furthermore, the market expansion is fuelled by advancements in nephrology equipment and an increase in healthcare spending. The expensive cost of these devices, however, is limiting the global Nephrology Devices Market’s growth. Conversely, during the forecast period, an increase in awareness about the benefits of nephrology devices, such as shorter treatment and recovery time among renal disease patients, is likely to present profitable prospects.
Further, growing demand for minimally invasive procedures due to technological development is likely to boost the market expansion in the forecast period. Also, devices like a catheter, ureteral stents, guidewire are likely to attract more individuals due to benefits such as rapid recovery, and minimal pain, less incision. However, the high cost associated with the device may hinder the growth of the market.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6.6%, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Nephrology Device in the region, the Value – Chain Analysis, and the PORTER’s analysis for the Nephrology Device market at a global level.
The study is associated on the basis of major segments and further into sub-segments, Type (Dialysis Instrument, Lithotripter, Dialysis Catheters, and Others) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the Technology trends, along with the major key players- Medtronic plc; Fresenius Medical Care AG & Co. KGaA; Baxter International, Inc.; Boston Scientific Corp.; C.R. Bard, Inc.; Cook Group, Inc.; Hollister, Inc.; Nipro Corp.; Terumo Corp.; Coloplast A/S; ConvaTec Group plc; B. Braun AG; Teleflex, Inc.; Asahi Kasei Corp.; Nxstage Medical, Inc.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Nephrology Devices Market.”
https://www.maximizemarketresearch.com/market-report/global-nephrology-devices-market/118529/
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