Kidney Dialysis Equipment Market Overview
Kidney dialysis equipment refers to the machines and apparatus used in the process that can temporarily replace the function of the kidney while patients await a transplant. World Health Organization (WHO), in its recent study, stated that more than 190 million patients suffer from chronic kidney failure and undergo the dialysis. This presages the kind of potential the kidney dialysis equipment market holds to grow rapidly in the next six years.
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According to a recently published study report of Market Research Future (MRFR), the global kidney dialysis equipment market is poised to perceive a rapid growth by 2023, registering approximately 5.7% CAGR throughout the forecast period (2018-2023). The primary factors driving market growth include the increasing prevalence of chronic diseases, acute kidney failure, and other associated renal diseases.
Besides, the rising number of patients suffering from diabetes and hypertension fuel the growth of the market. Furthermore, the increasing development of medical devices used for dialysis coupled with the widening use of digital technology in medical devices provides impetus to the market growth of renal dialysis.
On the other hand, factors such as the high cost associated with the kidney dialysis equipment and treatment along with the complications arising after the dialysis are impeding the growth of this market.
Kidney Dialysis Equipment Market Regional Analysis
Geographically, the kidney dialysis equipment market has been segmented across Europe, North America, Middle East and Africa, and Asia Pacific. North America has been anticipated to dominate the market owing to the growing prevalence of kidney failure, hypertension, increasing cases of diabetes and surged reusable income within the population. Europe represents the second largest market owing to progressive medical compensation and advanced organizations. The kidney dialysis device market in APAC possess an unparalleled market prospect on account of the growing instances of kidney failure, rise in disposable income, low rates of organ transplantation, and prevalence of aged population. The Middle East and Africa have minimal share in the global kidney dialysis equipment market owing to low per capita income and stringent government policies.
Kidney Dialysis Equipment Market Segmentation
The worldwide kidney dialysis equipment market has been segmented based on apparatus type, end-user, and type.
Based on apparatus type, the kidney dialysis equipment market has been segmented into peritoneal dialysis device, consumables, hemodialysis apparatus, and continuous renal replacement therapy systems. The hemodialysis equipment has been sub-segmented into tunneled hemodialysis catheters, vascular access devices, bloodline system, solutions, filters, concentrates, dialyzers and hemodialysis machine. The peritoneal dialysis equipment has been sub-segmented into dialyzers, filters, concentrates, solutions, and automated peritoneal dialysis devices. Of these, the hemodialysis equipment market is likely to hold the major market share.
Based on end-user, the kidney dialysis equipment market has been segmented into home care, ambulatory services, hospitals, and in-center dialysis settings.
Based on type, the kidney dialysis equipment market has been segmented into peritoneal dialysis, hemodialysis, and Continuous Renal Replacement Therapy (CRRT). Hemodialysis has been sub-segmented into short daily hemodialysis, conventional hemodialysis, and nocturnal hemodialysis. The Peritoneal dialysis has been sub-segmented into Continuous Cycling Peritoneal Dialysis (CCPD), Intermittent Peritoneal Dialysis (IPD), Tidal Peritoneal Dialysis, and Continuous Ambulatory Peritoneal Dialysis (CAPD).
Kidney Dialysis Equipment Market Key Players
Leading players profiled in the kidney dialysis equipment market include Hemoclean CO., LTD, Teleflex Incorporated, Rockwell Medical, Terumo Corporation, Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Mar Cor Purification, Inc. (A Cantel Medical Company), Nikkiso Co., Ltd., Nxstage Medical, Inc., Nipro Corporation, Diaverum Deutschland GmbH, B. Braun Melsungen AG, Baxter International Inc., Davita Healthcare Partners Inc and Fresenius Medical Care AG & Co. Ka.
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Feb 2019- Leading dialysis service provider, US Renal Care, Inc will be acquired by Investor Group with an aim to improve the quality of life for those having chronic renal disease.
April 2018- MRCS (Malaysian Red Crescent Society) and KDC (Kidney Dialysis Centre) off late has received accolades for their success to help countless patients in the last 22 years.
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