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Read here the market research report on u201cIT Solution for Dialysis Marketu201d published by CMI team.
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IT Solution for Dialysis Market Analysis (2020-2027) • The development of IT solutions for dialysis has led to remarkable changes in nephrology practices, as it has eliminated manual management of data and also helped to improve productivity in terms of data collection and management. • IT solution for dialysis aids in establishing seamless connection between dialysis devices or equipment and information technology software, which helps to accurately record vital information such as post-dialysis weight, treatment processes, laboratory test performed during dialysis, medication doses, adverse event during dialysis, changes in treatment processes, and others.
s • Implementation of data management software in nephrology practices enables clinicians/nephrologist to manage and analyze patient flow. It also helps to get immediate access to the patient records in-house or remotely. IT solutions also consist of patient portals, through which patients and doctors can communicate. • The global IT solution for dialysis market size is expected to be valued at US$ 3,335.8 million in 2019 and is expected to exhibit a CAGR of 6.2% over the forecast period (2019-2027).
Figure 1. Global IT Solution for Dialysis Market Value (US$ Mn), by Region, 2019 Source: Coherent Market Insights Analysis (2020)
Increasing prevalence of chronic kidney disorder (CKD) and end-stage renal disorder (ESRD) • The increasing incidence of kidney disorder (CKD) and end-stage renal disorder (ESRD) leads to increased demand for dialysis, which is expected to drive the market growth over the forecast period. For instance, according to the Centers for Disease Control and Prevention, in 2016, among all the patients suffering from end-stage renal disease in the U.S., over 726,000 (2 in every 1,000 people) were on dialysis. • Similarly, according to data published by the Indian Journal of Public Health (IJPH), in 2018, around 130,000 patients were receiving dialysis treatment and the number is increasing by around 232 patients per million. Thus, the increasing number of dialysis procedures is generating huge amount of dialysis data, which can be managed through the implementation of IT solutions and software in the field of nephrology.
Figure 2. Global IT Solution for Dialysis Market Share (%), by Application, 2019 Source: Coherent Market Insights Analysis (2020)
Figure 3. Global IT Solution for Dialysis Market Share (%), by Application, 2027
Increasing mergers and collaborations of market players to develop advanced IT solution for dialysis is expected to drive the market growth over the forecast period • Rising initiatives such as adoption of inorganic growth strategies by regional and global players is expected to boost the IT solutions for dialysis market growth in North America during the forecast period. For instance, in March 2017, Acumen Physician Solutions, a subsidiary of Fresenius Medical Care North America, collaborated with Epic Systems Corporation, in order to develop Acumen 2.0., the new EHR and practice management software for nephrology practices. • However, limitations and disadvantages associated with healthcare informatics such as viruses and malware threats are expected to hinder growth of the IT solutions for dialysis market.
Key Players • Major players operating in the global IT solution for dialysis market include CitiusTech Inc., B. Braun Melsungen AG, QuantumSys Technologies, Fresenius Medical Care AG & Co. KGaA, Constellation Kidney Group, Intersurgical Inc., Renalyx, SageKey Software Inc., Aithent Inc., Gaia Software, LLC, CureMD Healthcare, Renesan Software, Document Storage Systems, Inc., Visonex, iSalus Healthcare, and M Dialysis.
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