Kidney Dialysis Equipment Market Overview
Kidney dialysis equipment refers to the machines and apparatus used in the process that can temporarily replace the function of the kidney while patients await a transplant. World Health Organization (WHO), in its recent study, stated that more than 190 million patients suffer from chronic kidney failure and undergo the dialysis. This presages the kind of potential the kidney dialysis equipment market holds to grow rapidly in the next six years.
According to a recently published study report of Market Research Future (MRFR), the global kidney dialysis equipment market is poised to perceive a rapid growth by 2023, registering approximately 5.7% CAGR throughout the forecast period (2018-2023). The primary factors driving market growth include the increasing prevalence of chronic diseases, acute kidney failure, and other associated renal diseases.
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Besides, the rising number of patients suffering from diabetes and hypertension fuel the growth of the market. Furthermore, the increasing development of medical devices used for dialysis coupled with the widening use of digital technology in medical devices provides impetus to the market growth of renal dialysis.
On the other hand, factors such as the high cost associated with the kidney dialysis equipment and treatment along with the complications arising after the dialysis are impeding the growth of this market.
Global Kidney Dialysis Equipment Market – Segments
MRFR has segmented the analysis into four key dynamics; for better understanding:
By Type: Hemodialysis, Peritoneal Dialysis, Continuous Renal Replacement Therapy (CRT) among others.
By Apparatus Type: Hemodialysis Equipment, Peritoneal Dialysis Equipment, and Consumables & Continuous Renal Replacement Therapy Systems among others.
By End-User: Hospitals, Clinics, In-Center Dialysis Settings, Home Care, and Ambulatory Services among others.
By Region: Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Global Kidney Dialysis Equipment Market– Regional Analysis
Globally, the North America kidney dialysis equipment market accounts for the largest market share. The market in this region is estimated to grow at a substantial CAGR creating a large revenue pocket by the end of the forecast period. This is due to the increasing development of digital technology in medical devices. The continuously increasing number of patients suffering from kidney failure and renal diseases is one of the major factors driving the market growth in the region.
Moreover, the presence of the leading manufactures of these equipments those who have specialized the dialysis treatment machines by different intercessions, thus solving complications is driving the kidney dialysis equipment market in the region. The increase in healthcare expenditure by Canada has opened a new path in the kidney dialysis equipment market.
Europe is the second-largest market for kidney dialysis equipment which is expected to grow at a significant CAGR. The resurging economy in the region is expected to foster the regional market growth, increasing per capita healthcare expenditures. The financial support provided by private and governments bodies for R&D activities and new improved reimbursement policies in healthcare will fuel the kidney dialysis equipment market in Europe.
Furthermore, closely following the Europe market, Asia Pacific is expected to be the fastest growing market for kidney dialysis equipments. New channels of funding in the healthcare domain, better healthcare infrastructure, the soaring number of dialysis patients and adoption of advanced technologies in the kidney dialysis equipment domain are factors expected to provide an impetus to the market. The APAC kidney dialysis equipment market is expected to showcase a staggering growth throughout the forecast period.
Global Kidney Dialysis Equipment Market – Competitive Analysis
Kidney dialysis equipment market appears to be highly competitive with the presence of players operating at the international level. Companies, such as Baxter International Inc. of the US and Fresenius Medical Care AG & Co. KGaA of Germany are predominantly leading the kidney dialysis equipment market holding a strong existence. To maintain their market position, the Key companies operating in the kidney dialysis equipment market are embarking into new regions and countries with the rapid expansion plans.
Key Players:
Davita Healthcare Partners Inc., Fresenius Medical Care AG & Co. Ka, Baxter International Inc., Diaverum Deutschland GmbH, B. Braun Melsungen AG, Nipro Corporation, Nikkiso Co., Ltd., Nxstage Medical, Inc., Mar Cor Purification, Inc. (A Cantel Medical Company), Terumo Corporation, Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Rockwell Medical, Hemoclean CO., LTD., and Teleflex Incorporated.
Industry/Innovation/ Related News:
November 5, 2018 – A group of researchers from the Drexel University, Distinguished University, and Drexel’s College of Engineering published their study of a type of two-dimensional layered material they have discovered that stands as a candidate to assist in replacing the body’s waste filtration system in wearable kidneys. The newly found MXene materials can be used to filter urea, that could give dialysis patients the freedom to move.
In a study report recently published in ACS Nano, researchers from the Symbiosis International University in India, the University of California Los Angeles, Drexel, Brighton University in England, Huazhong University of Science and Technology in China, and Guangxi Medical University reported that the newly found, MXene materials could be a candidate for removing urea from blood in wearable artificial kidney applications.
August 10, 2018 – Helal Iran Medical Devices Company affiliated to the Iranian Red Crescent Society announced that it has succeeded in producing homegrown equipment and supplies for dialysis patients.
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