Growing awareness about renal diseases, rise in the geriatric population, financial reimbursement, and technological innovations are likely to drive market growth. Furthermore, longer life expectancies can further propel market growth.
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ESRD is the last stage of chronic kidney disease (CKD) is one of the leading causes of death, globally. Increase in the end-stage kidney disease (ESRD) patients is likely to impel market growth. Unhealthy lifestyle, diabetes, and hypertension, are some causes that are steadily catalyzing the ESRD patient pool.
Dialysis is the primary choice of treatment for kidney patients. This can be attributed to the lack of kidney donors in comparison to the renal transplant recipients. Moreover, medical insurance coverage with favorable reimbursements can further increase market growth in the coming years.
Rigid healthcare budgets by the US Centers for Medicare & Medicaid Services (CMS) in payment bundle and ESRD Quality Incentive Program (QIP) can hinder market growth.
National Health Services (NHS) England has also proposed reimbursement cuts in its National Tariff Payments System (NTPS) in 2015. This too can hamper market growth in the coming years. The Global Renal Dialysis Equipment Market is split into products and regions.
Products include peritoneal dialysis products, continuous renal replacement therapy machines, and hemodialysis products. Hemodialysis products held over 72% of market share. This is further segmented into hemodialysis machines, catheters, dialyzers, dialysates, blood pumps, tubing kits, and others.
The peritoneal dialysis products market can grow rapidly till 2022. The growth of this segment can be attributed to the needle-less and convenient self-administrable procedure. This home-based dialysis has increased the ADP (Automated Peritoneal Dialysis), further boosting segment growth. This sector consists of peritoneal tubing kits, dialysates, catheters, and dialysis cycler machines. It is popular in Asia Pacific and other growing economies.
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The regions are fragmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America and Europe are the largest markets. However, Asia Pacific is the fastest growing market, and is expected to grow at a CAGR of around 10% during the forecast period.
Key players include NxStage Medical, Inc.; B. Braun Melsungen AG; Fresenius Medical Care AG & CO. KGaA, Fresenius Medical Care North America; and Baxter International Inc.
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