Persistence Market Research’s recent report on “Global Market Study on Kidney Dialysis Equipment: Latin America Expected to Emerge the Third Attractive Regional Market ” forecasts the market revenues to reach US$ 25.128 Bn by 2024 end. The US$ 15 Bn kidney dialysis market is projected to grow at a CAGR of 6.5% through 2024.
The kidney dialysis equipment market refers to the devices and machines that are used in the process of dialysis, which is a life-saving treatment for people suffering from kidney failure. The market for kidney dialysis equipment has been growing steadily over the past few years due to the increasing incidence of kidney diseases, technological advancements in the equipment, and the rise in the geriatric population.
The APAC region is expected to witness a CAGR of 9.9% by the end of the assessment period. The global kidney dialysis market of the APAC region will pocket a little over 30% of the total market share in 2016 and it will likely cross 35% by the end of 2024.
By the end of 2024, the North America kidney dialysis equipment market is likely to create a revenue bank of more than US$ 5700 Mn, witnessing a CAGR of 3.9% by the end of the foreseen period. New channels of funding in the healthcare domain, better healthcare infrastructure, soaring number of dialysis patients and adoption of advanced technologies in the dialysis equipment domain are factors expected to help the North America regional market stay in competition with the fast rising APAC kidney dialysis equipment market.
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Asia Pacific will Remain at the Forefront of Global Demand for Kidney Dialysis Equipment
Asia Pacific will remain the largest and the fastest growing market for kidney dialysis equipment throughout the projected period. Valued at US$ 4.57 Bn currently, the market in APAC is foreseen to surpass US$ 9.0 Bn by the end of 2024, accounting for over 38% market value share. North America, Europe, and Latin America will be the other key markets globally. While APAC is expected to thrive at a CAGR of 9.9%, MEA, and Latin America will remain the other fast-growing markets globally.
- Fresenius Medical Care AG & Co. (KGaA Fresenius SE & Co. KGaA)
- Baxter International, Inc.
- Nipro Corporation
- B. Braun Melsungen
- Nikkiso Co, Ltd.
- NxStage Medical, Inc.
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By equipment type, hemodialysis equipment will continue to outsell peritoneal dialysis equipment during the assessed period.
- Hemodialysis equipment will capture over 88% market share in 2016 but is anticipated to lose nearly 100 BPS over the next eight-year period.
- Dialyzers are expected to witness the fastest growth during 2016-2024
- Peritoneal dialysis segment will gain 100 BPS through 2024, reaching a market share of over 12% by 2024
- Within peritoneal dialysis equipment segment, the peritoneal dialysis machine sub-segment will account for highest sales.
The end-user analysis by Persistence Market Research reflects the emergence of home-care settings as a critical end-user.
- In-center dialysis segment will witness a slight decline in its revenue share; by 2024, this segment is projected to account for 85% share of the overall end-use segment.
- Demand for kidney dialysis equipment from home care settings will grow at a higher CAGR than in-center dialysis.
- Rapid adoption of home dialysis is indicative of a paradigm shift in end-use demand.
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