Renal Services Market Introduction

Renal services gives a convincing and opportune possibility to anticipate the kidney diseases. The main task of renal services is to improve impaired renal function. The renal service centers are controlled by a group of experts and their healthcare professionals & consultants. The services incorporate a full scope of end-stage renal illness care and administrations, including different types of dialysis option like hemodialysis, peritoneal dialysis etc. The renal service providers, provides both inpatient and outpatient setting services according to the need of the patients. In the renal services market, the service providers always try to give value added services to the patients to satisfy them. Like recently holiday dialysis service is start providing by the organization like Renal Services (UK) Limited provides holiday dialysis, where patients can avail the treatment at any centers under the parent organization network when they travel.

Renal Services Market - Competitive Landscape

Diaverum, DaVita Inc., and Fresenius Medical Care are the major players operating in the renal services market. Value-added discounts and public private partnership to set up renal care clinics are some of the strategies adopting by major players to maintain their share in the market.

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Diaverum

Founded in 1991, Diaverum is located in Lund, Sweden. Diaverum is a prominent leading provider of renal care across the world. It is the largest independent service provider in Europe. Currently, the company operates more than 300 clinics in 20 countries across Europe, Asia, Latin America, and the Middle East. Its portfolio includes preventive care, hemodialysis, home care, self-care, peritoneal dialysis, and transplantations. In 2017, Diaverum opened a kidney treatment center at Queen Mary’s Hospital in partnership with Guy’s and St Thomas NHS Foundation Trust.

DaVita Inc.

Headquartered in the U.S., DaVita Inc. is one of the largest kidney care service providers in the U.S. Since the last 20 years, the company has been focusing on transforming care delivery to improve the quality of life of patients across the globe. Currently, it operates 241 outpatients’ dialysis centers in nine countries across the world. DaVita Inc.’s expert team provides services such as awareness about renal function, diet & nutrition, and treatment to patients.

Fresenius Medical Care Deutschland GmbH

NephroCare is the service brand of Fresenius Medical Care. The organization opened its first center in 1994. Currently, Fresenius Medical Care is treating more than 100,000 patients in over 980 dialysis centers. Thus, it provides about 13 million treatments per year in more than 30 countries. Fresenius Medical Care offers services at 30% to 40% below market price in emerging markets such as India.

B. Braun Melsungen AG

B. Braun Melsungen AG, a Germany-based medical company, opened B. Braun renal care centers in more than 30 countries across the world. The company adopted the public private partnership strategy through different tendering processes to open its renal service centers in various countries.

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Renal Services Market Dynamic

Large Patient Pool of Kidney Diseases Driving Demand for Renal Services

According to the International Society of Nephrology, more than 850 million people were afflicted with some kind of kidney disease across the world in 2018. Additionally, according to Center for Disease Control, more than 1 million population is diagnosed with kidney failure in the US every year. Currently, 700,000 patients in the U.S. are suffering from end-stage renal disease. The vast patient population provides opportunities for companies with renal service centers. According to the European Renal Care Providers Association, around 3.7 million patients were treated for end-stage renal disease worldwide in 2016.

North America Dominated Renal Services Market in 2018

According to the American Society of Nephrology, more than 30 million people in North America were afflicted with kidney diseases in 2018; of this, the prevalence of end-stage renal disease stood at 2,180 per million people in the U.S. Large patient base, high awareness, availability of reimbursement, and increase in demand for home dialysis are some of the factors driving the renal services market in North America. Medicare expenditure for outpatient dialysis services stood at US$ 11.4 Bn in the U.S.2016, an increase of 2% compared to that in 2015.

Renal Services Market Segmentation

Based on service type, the renal services market can be segmented into

  • Dialysis
    • Hemodialysis
      • Acute Hemodialysis
      • Chronic Hemodialysis
    • Peritoneal Dialysis
  • Transplant
  • Others (Lipid-apheresis, etc.)

Based on end-user, the renal services market can be divided into

  • Hospitals
  • Specialty clinics
  • Others (Home Care Setting)

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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