North America Portable and Wearable Dialysis Devices Market Forecast to 2027 - Covid-19 Impact and Analysis - Forecast by Product Type (Hemodialysis and Peritoneal Dialysis); End users (Hospital, Clinic, and Home), and Country

The North America portable and wearable dialysis devices market is expected to reach US$ 1,799.71 million by 2027 from US$ 1,208.19 million in 2019. The market is estimated to grow at a CAGR of 5.4% from 2020 to 2027.The growth in North America is characterized by increase in the rapidly growing end-stage renal disease and chronic kidney disease, presence of key market players and extensive R&D conducted by various academic and research institutes. In addition, there is also a boom in public healthcare expenditure and an increase in the awareness programs that are further expected to stimulate the growth of portable and wearable dialysis devices market in North America. The outbreak of the COVID-19 pandemic is estimated to less impact on the portable and wearable dialysis device market during the forecast period. It is likely to owe several growth opportunities for the market in the coming years. However, at present and in the following few years is expected to show a negative impact on market growth. US is among the major countries in the portable and wearable dialysis devices market in this region. Technological developments in the country, extensive awareness about medical devices, and growing adoption of superior devices is enabling the country consolidate its medical and healthcare sectors. The country has witnessed the growing number of the partnership in recent years. Furthermore, increasing number of product approvals and consolidation of supply chain are also expected to offer lucrative opportunity for the growth of the market by 2027. Based on product type, the North America portable and wearable dialysis devices market is segmented into hemodialysis and peritoneal dialysis. In 2019, the hemodialysis product type segment held a larger share of the market. Also, the segment is expected to grow at a faster rate during the forecast period.A few major primary and secondary sources referred to in the process of preparing the report on the Portable and wearable dialysis devices market are the World Health Organization, Ministry of Health and Prevention, and Ministry of Health and Family Welfare