The global hemodialysis machine market is predicted to display growth at a steady CAGR over the forecast period (2017 to 2022). High prevalence of kidney disorders or renal diseases is anticipated to drive the market. Hemodialysis machines remove waste fluids such as urea from human body and maintain balance of electrolytes in the blood.
Rising cases of cardiovascular disorders like hypertension, coronary artery disease, and cardiac aneurysms can impel the growth of the market in the forthcoming years. Use of hemodialysis machines for the treatment of diseases like end stage renal disease (ESRD), chronic kidney diseases, and diabetes can further stimulate growth of the hemodialysis machine market. High demand for diagnosis of kidney failure in high blood sugar patients can also spur expansion of the market over the forecast period.
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To cater to the steadily rising demand for hemodialysis machines, most manufacturing companies are focusing on research and development (R&D) to develop new and innovative machines for in-center and home use. For instance, CVS Health Corp. recently launched a clinical trial for its new hemodialysis device. This initiation is expected to support the company in knowing the safety and efficacy of this new device when used for home dialysis program. In addition, the program can also support company’s planned submission to Food and Drug Administration for market clearance of this machine.
The worldwide hemodialysis machine market can be segregated on the basis of application and region. Based on application, the market can be classified into in-center hemodialysis machine and home hemodialysis machine. In the coming years, the home hemodialysis segment is likely to witness high growth owing to steady rise in demand for convenient dialysis solutions among patients.
Regional segmentation includes Asia Pacific, North America, Europe, Middle East and Africa, and South America. In the coming years, Europe and North America are expected to witness maximum growth in demand for hemodialysis machines. This growth is attributed to increasing number of independent dialysis centers in the regions. In addition, supportive initiatives from local governments towards better diagnostic and dialysis facilities can further spur growth of the regional market in near future.
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The Asia Pacific market for hemodialysis machines is anticipated to account for the fastest growth rate during the forecast period. Rising awareness among patients regarding easy availability of modern dialysis treatment techniques in the region. In addition, growing number of patients with end-stage renal disease is likely to augment growth of the regional market in the forthcoming years.
The Middle East and Africa market is anticipated to register significant growth during the forecast period. This growth can be attributed to improvement in healthcare sector and growing awareness among patients regarding diagnosis and treatment of various renal diseases. In South America, the market is predicted to do well in the coming years owing to rising cases of chronic kidney disease in the region.
Some of the leading companies in hemodialysis machine market are Asahi Kasei, Baxter International, Fresenius, Shenzhen Landwind Medical Co., Ltd, and Nipro Corporation. The market is highly competitive due to presence of numerous domestic and international players. The new companies entering into the market are likely to face tough competition while establishing their market presence. Growing adoption of novel technologies to manufacture advanced machines is expected to present them with business opportunities in near future.
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