Kidney Dialysis Equipment Market Research Report Insight and Industry Analysis by Type ( Continuous Renal Replacement Therapy (CRRT), Peritoneal dialysis and Hemodialysis); Apparatus Type ( Consumables and Continuous Renal Replacement Therapy Systems, Peritoneal Dialysis Equipment and Hemodialysis Equipment)- Global Forecast to 2023
Kidney Dialysis Equipment Market Analysis
The global kidney dialysis equipment market is predicted to grow at a 5.7% CAGR between 2018-2023, reveals the latest Market Research Future (MRFR) report. Kidney dialysis, simply put, is a procedure that is an alternative for the majority of the normal functions of kidneys. It enables people with renal/kidney failure the chance of living a productive life. Kidney dialysis helps the human body to perform the functions of a failed kidney or kidneys.
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Various factors are propelling the kidney dialysis equipment market growth. These factors, as per the new Market Research Future (MRFR) report, include growing preference for dialysis over kidney transplantation, increasing frequencies of diabetes and hypertension, the quick growth of geriatric population, rise in affordable and accurate portable dialysis apparatus, and growing number of ESRD (end-stage renal disease) patients. Additional factors pushing market growth include growing acidosis, heart failure, sedentary lifestyle, loss of appetite resulting in weight loss, and adoption of the latest technologies in dialysis. Moreover, better healthcare infrastructure, rising incidence of dialysis patients, and new funding channels in the healthcare sector are also adding to the growth of the kidney dialysis equipment market growth.
On the flip side, the rising price of dialysis procedures, expensive treatments, rules and regulations related to dialysis, time consumption, and risks and difficulties involved are factors that may impede the kidney dialysis equipment market growth over the forecast period.
Kidney Dialysis Equipment Market Key Players
Major players profiled in the kidney dialysis equipment market report include
- Teleflex Incorporated
- Mar Cor Purification Inc. (A Cantel Medical Company)
- Davita Healthcare Partners Inc
- Rockwell Medical
- Fresenius Medical Care AG & Co. Kgaa
- Hemoclean CO. LTD.
- Baxter International Inc.
- B. Braun Melsungen AG
- Terumo Corporation
- Nikkiso Co. Ltd.
- Asahi Kasei Medical Co. Ltd. (A Subsidiary of Asahi Kasei Corporation),
- Diaverum Deutschland GmbH
- Nxstage Medical Inc.
- Nipro Corporation
Market Segmentation
The MRFR report provides an all-inclusive segmental analysis of the kidney dialysis equipment market on the basis of end user, type, and apparatus type.
By type, the kidney dialysis equipment market is segmented into peritoneal dialysis, continuous renal replacement therapy (CRRT), and hemodialysis. The hemodialysis segment is again segmented into conventional hemodialysis, short daily hemodialysis, and nocturnal hemodialysis. The peritoneal dialysis segment is again segmented into continuous cycling peritoneal dialysis (CCPD), intermittent peritoneal dialysis (IPD), continuous ambulatory peritoneal dialysis (CAPD), and tidal peritoneal dialysis.
By apparatus type, the kidney dialysis equipment market is segmented into peritoneal dialysis equipment, hemodialysis equipment, and consumables and continuous renal replacement therapy systems. The hemodialysis equipment segment is again segmented into dialyzers and filters, concentrates and solutions, tunneled hemodialysis catheters, hemodialysis machine, bloodline system, and vascular access devices. The peritoneal dialysis equipment segment is again segmented into automated peritoneal dialysis machines, filters, concentrates and solutions, and dialyzers. Among these, the hemodialysis equipment segment will lead the market over the forecast period.
By end user, the kidney dialysis equipment market is segmented into home care, hospitals, ambulatory services, and in-center dialysis settings.
Regional Analysis
By region, the kidney dialysis equipment market report covers the latest trends and growth opportunities across the Asia Pacific, the Middle East and Africa, Europe, and North America. Among these, North America will spearhead the market over the forecast period. Factors propelling growth of the kidney dialysis market in the region include increasing reusable income, rising incidence of hypertension and diabetes, and increasing prevalence of kidney failure.
The kidney dialysis equipment market in Europe is predicted to have the second-largest share in the market over the forecast period chiefly on account of progressive organizations and advanced medical compensation.
In the APAC region, the kidney dialysis equipment market is predicted to have a remarkable growth over the forecast period. Factors aiding growth in the region include low rates of organ transplantation, presence of huge geriatric population, rise in disposable income, and rising prevalence of kidney failure.
In the Middle East and Africa, the kidney dialysis equipment market is predicted to have a small share over the forecast period chiefly on account of stringent government policies and low per capita income.
Kidney Dialysis Equipment Industry News
May 2019: Simergent is coming up with a home dialysis machine for delivering effective and safe peritoneal dialysis therapy for patients at the end stage of renal diseases. This device will be simpler to use and also pocket-friendly compared to other home dialysis machines.
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