The growing prevalence of chronic kidney disease in general is a major factor influencing the market for renal dialysis equipment. The prevalence of chronic kidney disease (CKD) increases the need for kidney dialysis equipment, such as hemodialysis and peritoneal dialysis machines, which shapes the market's expansion to meet the growing need for renal replacement therapy. One important aspect of the market is the aging global population. The prevalence of renal diseases associated with aging increases with population age. By offering top-notch dialysis equipment that is adaptable to varying conditions and degrees of adaptability, the market caters to the unique needs of elderly patients. Global variations in the medical care system have an impact on kidney dialysis hardware accessibility and uptake.
The increasing prevalence of diabetes and hypertension, the two main causes of chronic kidney sickness, is driving the need for kidney dialysis hardware. The market reacts to the growing number of patients needing dialysis because these prolonged illnesses cause kidney damage, which modifies the market's components. The trend toward locally based dialysis options has an impact on the industry. Patients and medical professionals are beginning to acknowledge the benefits of home dialysis more widely, which is enabling greater flexibility and independence. This case has an effect on the market since it propels the development of user-friendly and convenient dialysis equipment.
The widespread acceptance of kidney dialysis equipment in diverse medical services contexts is influenced by factors like as moderation, insurance inclusion, and payback arrangements. The arrangement of dialysis services is impacted by the capacity of dialysis specialists in the development of telemedicine and remote understanding observation. Remote health care services contribute to improved access to renal specialists and ongoing monitoring, especially for patients in underserved or remote areas, which shapes consumer preferences. Increased public awareness and education campaigns help to promote growth. Proactive renal care is advanced by patient education about kidney health, the value of early detection, and available treatment options. This has an impact on market trends.
Report Attribute/Metric | Details |
---|---|
Growth Rate | Â Â 6.80% |
Kidney Dialysis Equipment Market Size was valued at USD 19.64 Billion in 2023. The Kidney Dialysis Equipment industry is projected to grow from USD 20.93 Billion in 2024 to USD 32.14 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period (2024 - 2032). Every day it is known that a healthy man filters around 120 to 150 liters of blood. In case, the person is suffering from kidney issues and his kidney is not working properly then the waste will surely get accumulated in the blood. For this reason, kidney dialysis is done which avoids the formation of waste products and removes out the toxic substances from the blood.
Kidney dialysis equipment manufacturers have manufactured dialysis machines which are the artificial kidneys used for filtering the patient’s blood when he or she faces kidney damage, kidney dysfunction, kidney failure, and many more. Dialysis machines use hemodialysis which purifies the blood and balances up the constituent so present there. In this case, the blood of the patient is distributed through the dialysis machine where it is filtered and is well adjusted for maintaining the balance of the pH electrolytes and fluid concentration before it is sent back to the patient’s body. The equipment for kidney dialysis has such applications as providing direct medical help to patients suffering from renal disorder. During the last decades, many advances in the equipment for kidney dialysis took place which also includes some other innovative accessories and consumables.
Covid 19 Analysis of Kidney Dialysis Equipment Market
The outbreak of the COVID has brought various challenges to the healthcare sector. The rise in COVID cases across the globe has potentially increased the incidence of kidney disorders. Due to the out surge of the pandemic, the replacement of renal fluids has increased at a great rate. The rise in the growth of RRT among the patients suffering from COVID has risen fivefold as compared to the countrywide population of the United States. Gradually before the pandemic, there was a shift towards the hemodialysis treatment which steered up the interest of the patient towards the HD treatment. This factor is highly responsible for boosting up the kidney dialysis equipment market growth during the forecast
Baxter International Inc., a global leader in acute care, today announced that the company’s ST Set has received 510(k) clearance from the U.S. Food and Drug Administration (FDA) for use in continuous renal replacement therapy (CRRT). The ST Set is a pre-connected, disposable, circuit that purifies blood through a semipermeable membrane outside the body to be employed with PrisMax or Prismaflex control units.
Nipro Medical Corporation has just arrived in the United States of America with their SURDIAL DX Hemodialysis System for manufacture and sale of products for renal, vascular and medical surgery.
Moreover, Fresenius Medical Care North America (FMCNA) and DaVita Kidney Care have broadened their partnership to provide home dialysis technology such as NxStage home hemodialysis (HHD) machines, dialysis supplies as well as connected health platform since March 2021. Thus, segment growth can be expected due to the reasons given above.
The TANKER Foundation opened three dialysis machines at its Thiruverkadu Ambattur and Nungambakkam centres in March 2021.
Quanta Dialysis Technologies Ltd., a UK-based medical technologies firm pioneering novel dialyses products and services, announced on January 5th, 2021 had received notification under Section 510(k) of the US Food and Drug Administration Act that is pending marketing approval for its small-and-simple high performance hemodialysis system SC+ in the US.
Jeil Pharmaceutical Co., Ltd. (“Jeil”), Rockwell Medical’s South Korean partner, has been granted second regulatory approval by Korea’s Ministry of Food and Drug Safety for Triferic® Dialysate (ferric pyrophosphate citrate sodium sulfate co-precipitate hydrate), an iron-replacement product used to maintain adult patients’ hemoglobin levels who are on chronic hemodialysis (CKD-5D).
Asahi Kasei Corporation: This dialyzer, the Renflo dialyzer, has been launched. The device incorporates a high-performance membrane to increase clearance efficiency and biocompatibility.
Nikkiso Co., Ltd.: Nikkiso is focusing on R&D of high-flux dialyzers with improved clearance efficiency and biocompatibility.
Drivers-Increase in the number of End-Stage Renal Disease Patients and use of advanced technologies have driven up the market growth and led to the expansion of the market size. The use of cost-effective and accurate portable dialysis equipment also helps in steering up the market size. The high growth of the aged population along with the rise in diabetic patients and the people suffering from hypertension opts for treatment for dialysis where kidney transplant has taken place which has propelled up the kidney dialysis equipment market growth and market size.
Opportunities-Lack of organ donors and the risks associated with the transplants have increased the opportunities for growth of the market. Some of the initiatives taken by the key players play a major role in driving up the market size during the market forecast period. The growth in funding facilities of the government for the treatment of ESRD disorders and for setting up more of the healthcare units arouses the market size.
Challenges-Improper development of healthcare units becomes a major challenging factor for the market. Depreciation of technical knowledge and lack of proper medical facilities have hampered the growth of equipment for the kidney dialysis market. The risk and the complications associated with the dialysis of the kidney become a challenging factor affecting the kidney dialysis equipment market size.
Cumulative growth-The rise in market value and attaining a high CAGR rate prompts the growth of the dialysis industry.
Restraints-Basically time consumption for dialysis treatment along with the risk and the difficulties associated with it hampers the market growth and market size. The rules and regulations so associated with it act as a restraining factor for the expansion of market size.
Kidney dialysis equipment market has been marked that the equipment for kidney dialysis has been classified into type, apparatus type, and the end-users. Based on type,m the kidney dialysis market is divided into hemodialysis, peritoneal dialysis, and continuous renal replacement therapy. Moreover, hemodialysis is further segmented into conventional dialysis, nocturnal dialysis, and short daily dialysis. The peritoneal dialysis is again sub-segmented into Continuous Cycling Peritoneal Dialysis, Intermittent Peritoneal Dialysis, Tidal Peritoneal Dialysis, and Continuous Ambulatory Peritoneal Dialysis. Based on the apparatus so used, the kidney dialysis equipment market is divided into hemodialysis equipment for kidney dialysis, peritoneal dialysis equipment, consumables, and some of them also include the continuous renal replacement therapy systems. The hemodialysis equipment is classified into, some of the concentrates and solutions, tunneled hemodialysis catheters, and also includes the vascular accessing types of equipment. Based on end-users, the dialysis kidney dialysis equipment market is classified into America, Europe, Asia Pacific region and it also extends to the Middle East and African region. Moreover, America is further divided into North and Soth America whereas the European region is segmented into Germany, France, Italy, The United Kingdom, and the rest of the regions of Europe. It has also been found that the Asia Pacific region is divided into Japan, China, India, some of the South Korean regions, Australia, and the rest of the Asia Pacific regions. Moreover, the region of the Middle East and African region covers a huge portion of the kidney dialysis equipment market share.
Using the advanced technology discovery of new and innovative equipment for kidney dialysis took place. Technology gave the best to best-integrated solutions for correcting human health and discovered new and effective surgical treatments.
Regionally, kidney dialysis equipment market has been found that the North American region covers a large area and is said to be the dominating region, where it covers a large amount of revenue share. North America is the leading kidney dialysis equipment manufacturers have new and innovative machines which are used for solving the expenditures. Spending much more on healthcare units of the Canadian region led to the opening up of advanced paths throughout the country. From MRFR analysis, kidney dialysis equipment market has been found that the European market occupies a second-most position due to its high number of research activities. The rise of equipment for the kidney dialysis market in the region of Asia Pacific occupies an exponential growth due to the increase in growth in human health care centers along with the initiatives taken by the government. The kidney dialysis equipment market in the regions of the Middle East and African region covers a small share globally where the healthcare units don’t use such innovative solutions.
Kidney Dialysis Equipment Market- Competitive Landscape
Some of the competitors operating in the kidney dialysis equipment market are
These key players are preferring to carry out growth opportunities within the developing countries. They focus on taking the strategic development and building partnerships with the domestic as well as the regional players. They carry out geographic expansions and acquisitions for increasing their presence within the market.
Report Overview
From the kidney dialysis equipment market analysis, you will mark the market scenario. T signifies the new market trends so adopted which helps in promoting the growth of the market. The kidney dialysis equipment market report summarises the key players and their strategies so adopted by them. It summarises the discovery of various kidney dialysis types of equipment that will help in proper dialysis. The report also covers the growth factors that help in promoting the growth and expansion of the business. It also gives ideas about the challenging factors so faced by the industry.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)