Kidney Dialysis Equipment Market Demand, Growth, Opportunities and Analysis by Top Key Players:
Kidney Dialysis Equipment Market Overview
Global kidney dialysis equipment market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 5.7%, surpassing a valuation of USD 16.5 billion during the forecast period (2018-2023).
Kidney dialysis can be referred to as an artificial technique of maintaining the chemical balance in the blood during kidney failure. Kidneys help to remove body waste, thereby maintaining the blood pressure of the body and create red blood cells, thus ensuring a proper amount of mineral content. Dialysis is the process where the components of the blood are separated by using a semipermeable membrane.
The kidney dialysis equipment market has witnessed a tectonic surge in the past few years, mainly due to the soaring preferences for dialysis over kidney replacement. Factors such as advancing technology and the ever-increase geriatric population are the primary growth stimulants of the market. Advanced technologies in the medical industry are highly encouraging the market growth across the globe. The surging number of dialysis care centers from major players like Davita and Fresenius Medical Care has made treatment available at a much lower cost. This has created new growth opportunities for the market.
On the contrary, the high cost of dialysis, the dearth of compensation, and complications associated with dialysis are some of the major concerns likely to deter the market growth in the years to come.
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Global Kidney Dialysis Equipment Market: Segmental Analysis
By type, the market is classified into peritoneal dialysis, hemodialysis, and continuous renal replacement therapy (CRRT). Of these, the hemodialysis segment dominates the market due to surging prevalence of terminal kidney failure among the population.
Based on the apparatus type, the market comprises peritoneal dialysis equipment, hemodialysis equipment, and consumables and continuous renal replacement therapy systems. Of these, the hemodialysis equipment segment is likely to grab the major share mainly due to higher accessibility of HD centers, rising number of community dialysis centers, and improved reimbursement coverage. Also, increased awareness and physician expertise to administer HD, and other related socio-demographic factors are likely to encourage the market growth in the segment.
The end users segment constitutes clinics, hospitals, home care, in-center dialysis settings, and ambulatory services. Of these, the in-center dialysis settings segment acquire the larger share owing to the rising number of dialysis centers worldwide, high availability of healthcare professionals in dialysis centers, and new product launches.
Kidney Dialysis Equipment Market Regional Frontiers
Geographically, the kidney dialysis equipment market spans across the Asia Pacific, North America, Europe, and the Middle East & Africa.
Considering the global scenario, North America is predicted to dominate the global market in terms of revenue share. It is home to some of the leading manufacturers who have specialized the dialysis treatment machines by several intercessions, thereby solving complications. Moreover, the surging healthcare expenditure in Canada has created new growth avenues for the regional market.
The kidney dialysis equipment market in Europe is estimated to acquire the second position, mainly due to soaring expenses on research, declining human health, technological advancements, and surging need for effective and innovative therapies.
The market in the Asia Pacific will witness considerable growth owing to the surging number of dialysis center, increasing number of patient population in the region, and initiatives undertaken by the government in order to produce cost-effective treatment methods. The enhanced healthcare economy in the region will further create better growth ambiance for the kidney dialysis equipment market.
Kidney Dialysis Equipment Industry Updates
September 2019: Almost half a million of the American population is anticipated to live with kidney failure, and the rest continue their dialysis their entire life. Texas hospital is using a new technology that can make treatments comfortable and faster at home. The new device developed has been termed Tablo, and is a portable dialysis machine, designed to work as simple as a smartphone application.
Kidney Dialysis Equipment Market Competitive Dashboard
The top players operating in the kidney dialysis equipment market include Davita Healthcare Partners Inc., Fresenius Medical Care AG & Co. Ka, B. Braun Melsungen AG, Baxter International Inc., Nipro Corporation, Diaverum Deutschland GmbH, Nikkiso Co., Ltd., Nxstage Medical, Inc., Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation). Terumo Corporation, Mar Cor Purification, Inc. (A Cantel Medical Company), Teleflex Incorporated, Rockwell Medical, and Hemoclean CO., LTD.
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