The global arteriovenous fistula (AVF) treatment market is expected to witness significant growth, the market is expected to be worth US$ 765.8 million in 2023, and reaching an estimated US$ 1.356.5 million by 2033, according to a recent market analysis. This growth is projected at a consistent CAGR of 5.9%, driven by the increasing prevalence of arteriovenous fistula diseases and the growing acceptance of AVF therapy, particularly for patients with end-stage renal disease (ESRD).
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AVF Therapy: The Preferred Choice for Hemodialysis in ESRD Patients
For ESRD patients requiring hemodialysis, arteriovenous fistulas are the preferred method for vascular access. This growing population of ESRD patients worldwide is fueling the demand for reliable and effective vascular access solutions. AVF therapy offers several advantages over other access methods, including:
- Reduced infection risk
- Longer patency (usable lifespan)
- Improved blood flow rates
Key Takeaways from the Global Arteriovenous fistula treatment industry Study Report by FMI:
- North America held a 37.2% share of the global market in 2022 with the government’s effective efforts to develop new treatments for the arteriovenous fistula issue. The United States is the leading nation in adopting arteriovenous fistula therapy services, contributing to one-third of the global revenue that year.
- Europe region, with an overall revenue share of 27.4% in the year 2022, followed North America in demand for arteriovenous fistula therapy services. Germany was figured out to be the leading market in the region, with a 6.5% global revenue share in 2022.
- There is a considerable need for arteriovenous fistula therapy in nations with a greater prevalence of end-stage renal illness, particularly in Asia. So, FMI predicts that China and India could be two remarkably growing markets through 2033 with 9.4% and 7.7% CAGRs respectively.
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Competitive Landscape for the Arteriovenous fistula treatment industry Players:
Becton Dickinson, Medtronic, B. Braun Melsungen, Cook Medical, Teleflex Incorporated, Fresenius Medical Care, NxStage Medical, and Poly Medicure are some top players in this market. Leading players are adopting strategic partnerships with healthcare providers and medical institutes to enter new regions and access a larger client base. Additionally, they have been vigilant in gaining regulatory licenses and adhering to local healthcare norms, allowing them to succeed in local markets.
Arteriovenous fistula therapy is in high demand, which has given new market participants attractive chances to increase their market share locally and internationally. Meanwhile, established arteriovenous fistula treatment devices and product manufacturers and suppliers are increasing investments to enhance product quality and provide cutting-edge treatment approaches.
Key Segments Profiled in the Arteriovenous Fistula Treatment Industry Survey Report:
By Type:
- Arteriovenous Fistulas
- Dural
- Peripheral
- Pial or Cerebral
- Other Fistula Types
By Treatment Type:
- Drugs
- Transcatheter Embolization
- Ultrasound-guided Compression
- Surgery
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
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