Renal Dialysis Machines Devices Market Size is expected to exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2023 - 2032). Growing aging population and increasing incidence of chronic kidney disease (CKD) are the key market drivers boosting the expansion of the market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for Renal Dialysis Machines Devices is being driven by the Growing elderly population. Dialysis is a process that is usually required for people with chronic renal failure in order to remove waste products from the blood, such as creatinine and urea, as a result of inadequate kidney function. Treatment for end-stage renal disease (ESRD) and kidney transplantation both depend on this procedure. During this procedure, the blood is purified, excess fluid and toxins are eliminated, and the electrolyte balance is restored. There are two ways to perform dialysis: hemodialysis and peritoneal dialysis.
Additionally, the worldwide population's demographic change toward aging is a major cause. People are more likely to get ESRD and other kidney-related illnesses as they get older. Renal disorders are more common in older adults due to physiological changes in kidney function that come with aging. As a result, more senior citizens represent a significant market for dialysis supplies and services. One of the main factors driving the market's growth is the aging population's rising need for dialysis treatment. One major factor propelling the dialysis machine market is the rising incidence of chronic kidney disease (CKD). A hidden yet progressing illness, chronic kidney disease (CKD) affects millions of people worldwide. The burden of CKD is increasing due to a number of causes, including the rising prevalence of diseases like diabetes and hypertension.
One major factor propelling the dialysis machine market is the growth and improvement of healthcare infrastructure, particularly in emerging economies. A changing healthcare system must include easier access to hospitals, specialized kidney care facilities, and dialysis clinics. The demand for dialysis equipment rises with the opening of new healthcare facilities and increased access to dialysis therapy. In many areas, the dialysis machine market is expanding as a result of public and private expenditures in healthcare infrastructure.
For instance, a study published in the journal Frontiers in Public Health in October 2021 titled "A Cross-Sectional Evaluation of Urinary Tract Infections Among Geriatric Patients: Prevalence, Drugs Regimen Complexity, and Factors Associated With Treatment Outcomes" stated that urinary tract infections accounted for approximately 25% of all infectious diseases that affect the elderly annually, resulting in approximately 7 million outpatient visits, 1 million emergency inpatient visits, and 100,000 hospitalizations. Thus, result in driving the Renal Dialysis Machines Devices market revenue.
The Renal Dialysis Machines Devices market segmentation, based on type includes Hemodialysis, and Peritoneal Dialysis. The hemodialysis segment dominated the market. The therapeutic benefits of hemodialysis, such as its shortened procedure duration and the widespread use of arteriovenous fistulas (AV Fistulas), are driving the demand for this treatment. The pandemic has dramatically raised the need for renal replacement fluids ly.
The Renal Dialysis Machines Devices market segmentation, based on Application, includes Medical Center Dialysis, and In-Home Dialysis. The medical center dialysis category generated the most income. Because most patients prefer to receive their treatments there, medical dialysis clinics make a considerable contribution to the worldwide dialysis business. Medical center dialysis is the practice of using dialysis equipment in specific healthcare settings where patients are treated with the assistance of medical professionals.
Figure1: Renal Dialysis Machines Devices Market, by Application, 2022&2032(USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Renal Dialysis Machines Devices market area will dominate this market, because government programs are growing, health care infrastructure is getting better across the globe, and research and development expenditures are rising.
Further, the major countries studied in the market report are The US, German, France, the UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil.
Figure2: RENAL DIALYSIS MACHINES DEVICES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Renal Dialysis Machines Devices market has the second-largest portion of the market. Due to the government measures to provide treatments at accessible costs and the rapid expansion of dialysis centers. Further, the German Renal Dialysis Machines Devices market had the biggest market share, and the UK Renal Dialysis Machines Devices market was the European market with the quickest rate of growth.
The Asia-Pacific Renal Dialysis Machines Devices Market is anticipated to expand between 2023 and 2032 at the quickest CAGR. This is because of growing government spending on the healthcare industry, as well as increased government initiatives and technology breakthroughs. Moreover, China’s Renal Dialysis Machines Devices market had the biggest market share, and the Indian Renal Dialysis Machines Devices market was the Asia-Pacific region's fastest-growing market.
Renal Dialysis Machines Devices Key Market Players& Competitive Insights
Leading market players are putting a lot of money in R&D to expand their product lines, which will help the market for renal dialysis equipment and machines develop even more. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Renal Dialysis Machines Devices industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Renal Dialysis Machines Devices industry to help customers and expand the market segment. In recent years, the Renal Dialysis Machines Devices industry has offered some of the greatest significant advantages to medicine. Major players in the Renal Dialysis Machines Devices market, including Allmed Group, Asahi Kasei Medical, B. Braun Melsungen, Baxter International, Bellco ., C. R. Bard, Fresenius Medical Care, Hemoclean., and others, are engaging in research and development activities in an effort to boost market demand.
Medtronic plc is a US-based manufacturer of medical devices. Due to its 2015 acquisition of the Irish-based Covidien, the firm now has its legal, executive, and operational headquarters in Ireland and its operating headquarters in Minneapolis, Minnesota. It employs approximately 90,000 people and conducts business in more than 150 countries, with the United States being its primary market. It creates and produces medical devices and treatments. In 1949, Earl Bakken and his brother-in-law Palmer Hermundslie established Medtronic in Minneapolis as a medical equipment repair facility. Bakken created a number of medical technology innovations that are still in use today all around the world. In April 2022, In order to meet the needs and care expectations at ambulatory surgery centers, the firm stated that it would collaborate with GE Healthcare.
Asahi Kasei was founded in 1931 and initially produced chemicals such as nitric acid and ammonia. Stock exchanges between Tokyo, Osaka, and Nagoya began operating in 1949. Asahi Kasei and Dow Chemical formed a joint petrochemical company. In 1952, Saran Wrap and polystyrene started to be produced. In the 1960s and 1990s, diversification into acrylonitrile, building materials, petrochemicals, glass textiles, ethylene, housing, electronics, medical devices, semiconductors, engineered resins, medicines, and liquors started. As of March 2022, Asahi Kasei had 54 manufacturing plants spread across several locations worldwide, employing 46,751 people. North America, Europe, South Asia, East Asia, and Japan are a few of these locations.
Key Companies in the Renal Dialysis Machines Devices market include
Renal Dialysis Machines Devices Industry Developments
January 2023: Baxter International has said that it is taking strategic steps to improve operational efficiency, speed up patient innovation, and increase shareholder value. The company intends to split off into a separate, publicly traded entity for its worldwide business units in acute therapies and renal care.
November 2022: Financial figures for the second quarter of Fiscal 2024 were released by Fresenius Medical Care. The company's strong performance over a variety of industries and regions led to mid-single digit revenue growth.
March 2022: Fresenius Medical Care said that it has signed a legally binding agreement to form a new, independent business by combining InterWell Health and Cricket Health, U.S.-based companies, with Fresenius Health Partners, the value-based care subsidiary of Fresenius Medical Care North America
| Report Attribute/Metric | Details |
| Market Size2022 | USD Billion |
| Market Size 2023 | USD Billion |
| Market Size2032 | USD Significant Value |
| Compound Annual Growth Rate (CAGR) | 8.00% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, German, France, UK, Canada, Italy, Spain, India, Australia, South Korea, China, Japan, and Brazil |
| Key Companies Profiled | Allmed Group, Asahi Kasei Medical, B. Braun Melsungen, Baxter International, Bellco ., C. R. Bard, Fresenius Medical Care, Hemoclean, Medivators, Medtronic, Nikkiso, Nipro Medical, Nxstage Medical, Teleflex Incorporated, and Toray Medical. |
| Key Market Opportunities | The prevalence of chronic kidney disease (CKD) is rising. |
| Key Market Dynamics | The creation and growth of the infrastructure for healthcare is driving the market growth. |
Frequently Asked Questions (FAQ) :
In 2022, the market for renal dialysis machines and devices was estimated to be worth USD XX billion.
From 2023 to 2032, the market is expected to expand at a compound annual growth rate (CAGR) of 8.00%.
North America held the most market share worldwide.
Allmed Group, Asahi Kasei Medical, B. Braun Melsungen, Baxter International, Bellco, C. R. Bard, Fresenius Medical Care, and Hemoclean are the major companies in the market.
In 2022, the market was dominated by the hemodialysis category.
The biggest market share worldwide belonged to The Medical Center Dialysis.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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