Market Overview
Kidney is one of the most critical organs in the human body, responsible for several key functions such as blood filtration, promoting bone health, regulating blood pressure, creating hormones that help to produce red blood cells, etc. Chronic kidney disease (CKD) is a health condition that affects the quality of life of the patient due to inadequate functioning of the body that could lead to various other diseases. Kidney analysis is type of treatment for severe conditions such as CKD wherein both kidneys have sustained significant damage and require either regular dialysis or transplantation. Generally, the kidney damage is irreversible and can lead to severe health issues. Therefore, kidney transplant is recommended, in order to mitigate such problems. However, transplantation is a challenging process as it requires kidney donors with the same blood group as patients, in order to maintain the compatibility of the transplant with other vital organ in the body.
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The global kidney dialysis equipment market was valued at US$ 16,874.5 Mn in 2018 and is expected to exhibit a CAGR of 6.6% over the forecast period (2019 – 2027).
Market Drivers
Growing prevalence of chronic kidney diseases is expected to drive growth of the global kidney dialysis equipment market during the forecast period.
A significant number of people in their old age are likely to suffer kidney failure. For instance, according to the National Center for Biotechnology Information (NCBI) in 2014, prevalence of CKD in Asia Pacific region among females is around 18.0%, for those aged 18-39 years, and it is around 24.2% in female population of age group of 60-70 years, which is expected to propel Asia Pacific kidney dialysis equipment market growth.
Furthermore, according to Clinical Kidney Journal 2017, a study on CKD was carried out in Dorset County Hospital in Dorchester, England. The study for CKD stage 4 and 5 patients was carried out on total 124 patients above aged 80 years, among which 115 patients were suffering from stage 4 and 9 patients were at stage 5.
Moreover, growing geriatric population, which is more vulnerable to various diseases due to low level of immunity is expected to propel the global kidney dialysis equipment market growth over the forecast period. Diabetes mellitus is a very common disorder that initiates several other health conditions. Kidney failure is one of the common health condition that occurs due to diabetes. Diabetic patients with improper treatment could develop abnormal functioning of kidney and in some cases there are changes that the kidney could fail.
Rising cases of CKD encourages manufacturers to launch novel products, which could drive growth of the market. For instance, in January 2019, Fresenius Medical Care launched a 4008A dialysis machine. Moreover, July 2019, CVS Health Corporation commenced clinical trial of its HemoCare Hemodialysis System, a dialysis machine that is developed in partnership with Segway designer Dean Kamen. The dialysis machine was developed for home care settings. This is expected to propel global kidney dialysis equipment market growth over the forecast period.
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Regional Insights
Among regions, North America is expected hold dominant share in the global kidney
dialysis equipment market during the forecast period. This is owing to rising cases of chronic kidney disease (CKD) across the U.S. According to the Centers for Disease Control and Prevention (CDC) in 2019, 15% of the U.S. population is estimated to suffer from chronic kidney disease. According to the same source, women in the U.S. are more prone to chronic kidney disease compared to men.
Furthermore, Europe is expected to register lucrative growth in the global kidney dialysis equipment market over the forecast period. This is owing to rising presence of major companies such as B. Braun Melsungen AG and Fresenius Medical Care across the region focusing on inorganic strategies. For instance, in 2017, Fresenius Medical Care acquired 70% equity of the Kunming Wuhua Health Hospital (Wuhua Hospital) in China. This marks Fresenius Medical Care’s first joint venture in China for renal care services and chronic disease management.
Competitive Section
Key players operating in the global kidney dialysis equipment market are Fresenius Medical Care AG & Co, Baxter International, Inc., Nipro Corporation, B. Braun Melsungen AG, Nikkiso Co, Ltd., Asahi Kasei Corporation, NxStage Medical, Inc., Guangdong Biolight Meditech Co., Ltd, Dialife SA, and DaVita Inc.
𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬 𝐒𝐚𝐥𝐞 𝐈𝐬 𝐋𝐢𝐯𝐞!
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐨 𝐀𝐯𝐚𝐢𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐫𝐨𝐦 𝟐𝟓-𝟑𝟎% 𝐭𝐢𝐥𝐥 𝟑𝟏-𝐃𝐞𝐜-𝟐𝟎𝟐𝟏
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Kidney Dialysis Equipment Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Kidney Dialysis Equipment Industry Impact
Chapter 2 Global Kidney Dialysis Equipment Competition by Types, Applications, and Top Regions and Countries
2.1 Global Kidney Dialysis Equipment (Volume and Value) by Type
2.3 Global Kidney Dialysis Equipment (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Kidney Dialysis Equipment Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Kidney Dialysis Equipment Market Analysis
Chapter 6 East Asia Kidney Dialysis Equipment Market Analysis
Chapter 7 Europe Kidney Dialysis Equipment Market Analysis
Chapter 8 South Asia Kidney Dialysis Equipment Market Analysis
Chapter 9 Southeast Asia Kidney Dialysis Equipment Market Analysis
Chapter 10 Middle East Kidney Dialysis Equipment Market Analysis
Chapter 11 Africa Kidney Dialysis Equipment Market Analysis
Chapter 12 Oceania Kidney Dialysis Equipment Market Analysis
Chapter 13 South America Kidney Dialysis Equipment Market Analysis
Chapter 14 Company Profiles and Key Figures in Kidney Dialysis Equipment Business
Chapter 15 Global Kidney Dialysis Equipment Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
Continued….
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