Kidney Dialysis Equipment Market Overview
The global kidney dialysis equipment market is touted to accumulate USD 16.5 billion at a stupendous 5.7% CAGR during the assessment period (2018-2023). CKD or chronic kidney disease is a chronic condition which seriously impacts a patient’s quality of life. Kidney dialysis is the most preferred treatment for severe conditions where both the kidneys of a person is damaged but this treatment is also occasionally used for treating patients with a single damaged kidney. Every day, the kidney of a healthy person filters about 150 quarts of blood. Should an individual’s kidney fail to function efficiently automatically the waste will get collected in the blood resulting in coma and even death. Here dialysis will act as the savior. It will stop the toxin and waste products formation in the blood. It is an artificial kidney that is used for filtering the blood of the patient during kidney failure, kidney dysfunction and kidney damage and for removing surplus impurities from kidneys.
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There are many factors that is driving the growth of the kidney dialysis equipment market. Some of these factors as per the Market Research Future (MRFR) report include new funding channels in the healthcare sector, increase in the prevalence of dialysis patients, better healthcare infrastructure, adoption of latest technologies in dialysis, loss of appetite causing weight loss, change in sedentary lifestyle, heart failure, growing acidosis, growing number of ESRD (End Stage Renal Disease Patients), increase in accurate and cost-effective portable dialysis apparatus, fast growth in geriatric population, growing frequencies of hypertension and diabetes problems and preference for dialysis over kidney transplantation. On the contrary, factors such as difficulties and risks involved, time consumption, regulations and rules associated with dialysis, expensive treatments and soaring cost of dialysis procedures may take a toll on the growth of the kidney dialysis equipment market over the assessment period.
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.
Leading players profiled in the kidney dialysis equipment market include Hemoclean CO., LTD, Teleflex Incorporated, Rockwell Medical, Terumo Corporation, Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Mar Cor Purification, Inc. (A Cantel Medical Company), Nikkiso Co., Ltd., Nxstage Medical, Inc., Nipro Corporation, Diaverum Deutschland GmbH, B. Braun Melsungen AG, Baxter International Inc., Davita Healthcare Partners Inc and Fresenius Medical Care AG & Co. Ka.
Feb 2019- Leading dialysis service provider, US Renal Care, Inc will be acquired by Investor Group with an aim to improve the quality of life for those having chronic renal disease.
April 2018- MRCS (Malaysian Red Crescent Society) and KDC (Kidney Dialysis Centre) off late has received accolades for their success to help countless patients in the last 22 years.
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