Hemodialysis is a process of blood purification in the event that human kidneys fail to do so due to kidney failure or end-stage renal diseases. In end–stage renal diseases, toxic waste products and extra fluids are built-up in the body. There is also an imbalance of salts and minerals in the blood. A hemodialysis or kidney transplant is done in such cases. A hemodialysis machine is used to perform hemodialysis. The components of a hemodialysis machine are – dialyzer, a dialysis solution (sterilized mineral ions), and tubes for passing of blood and dialysis solution. The blood flows through the tubes and enters into the machine where the waste products are removed through the filter and the blood is passed back to the body through the tubes.
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Global Hemodialysis Market Drivers
Strategies such as partnerships, collaborations, mergers, and acquisitions adopted by the key players are expected to drive the global hemodialysis market growth. For instance, in July 2018, B. Braun Medical Inc., a medical device company acquired bloodline portfolio business of NxStage Medical Inc., a medical technology company, for expansion of their dialysis product portfolio. B. Braun Medical Inc. is going to add Streamline Express (a bloodline manufactured by NxStage Medical Corporation) and a tubing set used in hemodialysis machines into their product portfolio.
Furthermore, in October 2018, Baxter Healthcare Corporation, a medical device company collaborated with Mayo Clinic, a non–profit medical center, for establishment of a renal care center in Florida, U.S. The purpose of setting up the center is to serve patients with kidney failure and to trial of new products, including hemodialysis machines. This may allow higher adoption of hemodialysis machines by the healthcare institutions, thereby expected to drive the global hemodialysis market growth.
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Furthermore, key players are constantly focused on developing new technology in hemodialysis which is expected to propel the global hemodialysis market growth. For instance, in January 2019, Fresenius Medical Care AG & Co. KGaA, launched a 4008A dialysis machine. The 4008A dialysis machine incorporates high therapy standards and is cost–effective.
Furthermore, in October 2016, Baxter Healthcare Corporation, launched HDx with Theranova (dialyzer), a hemodialysis machine used in end–stage renal diseases treatment. According to Baxter Healthcare Corporation, the dialysis machine is very efficient and closely related to natural kidneys of the body in terms of function. It is capable of filtering mid–size molecules along with smaller molecules effectively. Hence, this factor is expected to accelerate the global hemodialysis market growth.
Global Hemodialysis Market Regional Analysis
North America is expected to dominate the global hemodialysis market over the forecast period. Initiatives taken by the government and other organizations are expected to have a positive impact on the North America hemodialysis market growth. For instance, in April 2019, Baxter International Inc., a medical device company, the National Association for the Advancement of Colored People (NAACP, civil right organization), and the Alliance for Home Dialysis announced to conduct a Dialysis Health Imperative for Access, Choice, and Equity program (ACEP) for the third year. The purpose of this program is to raise awareness about kidney failure, risks associated with it, and treatment options etc. Such initiatives are expected to result in higher adoption of hemodialysis treatment.
Global Hemodialysis Market Restraints
Side effects of the hemodialysis process may hinder the global hemodialysis market growth. According to National Health Service, U.K., hemodialysis is associated with some side effects, as it is able to compensate partially to the improper kidney function. Certain side effects of hemodialysis such as hypotension, risk of developing sepsis, bone and joint pain, anxiety, insomnia and in some cases erectile dysfunction may occur. Hence, such side effects may lead to lesser adoption of hemodialysis treatment and thereby hindering the global hemodialysis market growth.
Global Hemodialysis Market Key Players
Some of the major players operating in the global hemodialysis market include Baxter Healthcare Corporation, B. Braun Medical Inc., Fresenius Medical Care AG & Co. KGaA, Toray Industries, Inc., Nikkiso Co. Ltd., JMS Co. Ltd., Diaverum Deutschland GmbH, Nipro Corporation, and Gambro.
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The global hemodialysis market is segmented on the basis of component type, hemodialysis type, end user, and region.
By Component Type
- Dialysis Solution
By Hemodialysis Type
- Specialty Clinics
- Home-care Settings
- North America
- Latin America
- Asia Pacific
- Middle East
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