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Renal replacement therapy is the process of replacement of normal blood filtering mechanism of the kidney. The therapy is suggested when the kidneys are not working properly or are permanently damaged. The most probable treatment under renal replacement therapy includes dialysis, hemofiltration, and hemodiafiltration. The prevalence of kidney diseases and rising diabetic population is the major driver propelling the growth of this market. The problem with kidney is mostly seen in the geriatric population or the person with smoking habits. The increase in geriatric population and rise in a number of smokers is yet another factor contributing to the growth of the market.
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Global Renal Replacement Therapy Market Research and Forecast, 2018-2023 Orion Market Research
DEFINITION Renal replacement therapy is the process of replacement of normal blood filtering mechanism of the kidney. The therapy is suggested when the kidneys are not working properly or are permanently damaged.
MARKET MOTIVATORS • Increase in incidence of kidney related diseases • Large number of smokers in all age groups • Exponential growth trend in diabetic population • Increasing product launch
MARKET RESTRAINTS • Inexperienced professionals leading to complexities • Lack of infrastructures for therapies
MARKET OPPORTUNITIES • Government expenditure in healthcare sector • Investment for the development of dialysis products
MARKET SEGMENTATION BY THERAPY TYPE • Dialysis • Hemofiltration • Hemodiafiltration • Kidney Transplantation
MARKET SEGMENTATION BY ROUTE • Arteriovenous Route • Venovenous Route
MARKET PLAYERS • Baxter International Inc. • Asahi Kasei Corp. • Angiodynamics Inc. • B. Braun Belsungen AG • C. R. Bard, Inc.
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