- Medical Devices
- Wednesday, 14 Feb 2024
Kidney Dialysis Equipment Market is expected to reach US$ 25.14 billion by 2030
Hemodialysis Equipment Segment Expected to Hold Significant Share of Kidney Dialysis Equipment Market During 2022–2030
According to our new research study on "Kidney Dialysis Equipment Market Forecast (2020–2030), Global Share, Trend, and Growth Opportunity Analysis – by Product, End User, and Geography," the market was valued at US$ 15.59 billion in 2022 and is projected to reach US$ 25.14 billion by 2030; it is estimated to record a CAGR of 6.2% during 2022–2030. The surging prevalence of chronic kidney diseases (CKD), a large senior population undergoing dialysis, and an increase in medical reimbursements in developed countries are the factors propelling the kidney dialysis equipment market growth. However, high equipment costs and strict regulatory frameworks impede the growth of the market.
Kidney Dialysis Equipment Market Analysis Based on Market Trends:
Advancements in machine design and technology allow manufacturers to develop innovative and efficient dialysis equipment. The modern equipment offerings confer better patient comfort, improved treatment results, and reduced treatment time. The use of sterilizing technologies, disposable dialyzers, and improved water purification systems in dialysis equipment helps lower the risk of infections. Additionally, there has been a shift toward home-based dialysis treatments, leading to a rise in the demand for portable and wearable dialysis machines. A greater number of digital technology firms are entering the healthcare sector to help improve accessibility to dialysis equipment, particularly for the remote treatment of renal disorders. For instance, in June 2023, AWAK Technologies collaborated with Singapore General Hospital (SGH) to launch a pre-pivotal clinical trial of an automated wearable artificial kidney peritoneal dialysis (AWAK PD) device. AWAK PD is a wearable and ultra-portable system that enables healthcare providers to facilitate the dialysis of patients with end-stage kidney disease at their homes or any place of their comfort. In March 2021, Fresenius Medical Care North America (FMCNA) and DaVita Kidney Care expanded their agreement to provide home dialysis solutions in the US. This product line includes NxStage home hemodialysis (HHD) machines, dialysis supplies, and a connected health platform. The agreement is aimed at empowering more chronic kidney failure patients to opt for home dialysis, which can improve their quality of life. Therefore, such modern dialysis technologies are expected to bring new kidney dialysis equipment market trends in the coming years.
Kidney Dialysis Equipment Market, by Region, 2022 (%)
To get sample Copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/sample/TIPRE00003738
Source: The Insight Partners Analysis
Segmental Analysis:
The global kidney dialysis equipment market report is segmented as follows:
By product, the market is bifurcated into hemodialysis equipment and peritoneal dialysis equipment. The hemodialysis equipment segment held a larger kidney dialysis equipment market share in 2022 and is projected to register a higher CAGR during 2022–2030. Hemodialysis is a medical procedure to filter out waste and excess fluid from the blood; the process is indicated when kidneys are unable to perform their functions due to some reasons. The procedure helps control blood pressure and maintain the balance of essential blood minerals, such as sodium, potassium, and calcium. The hemodialysis equipment filters blood through a dialyzer that acts as an artificial kidney, which includes inbuilt safety checks to ensure the process is safe and effective.
Based on end user, the market is bifurcated into in-center dialysis settings and home care settings. The in-center dialysis settings segment held a larger kidney dialysis equipment market share in 2022. The home care settings segment is expected to register a higher CAGR from 2022 to 2030.
Based on geography, the kidney dialysis equipment market is segmented into Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Europe (Germany, France, Italy, UK, Spain, and Rest of Europe), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), North America (US, Canada, and Mexico), and South & Central America (Brazil, Argentina, and Rest of South & Central America). In 2022, North America held the largest share of the market. Asia Pacific is anticipated to register the highest CAGR during 2022–2030.
The US held the largest share of the kidney dialysis equipment market in North America in 2022, followed by Canada. The kidney dialysis equipment market growth in the country is driven by the increasing prevalence of CKD among people. According to the National Health Institute of Diabetes and Digestive and Kidney Diseases, over 37 million adults in the US were affected by CKD in 2021. Further, ~808,000 Americans were living with ESKD in 2020, out of which 69% were on dialysis while 31% underwent a kidney transplant. Other factors such as the introduction of advanced equipment in healthcare, a higher number of hospitals, and the implementation of strategic government policies are also likely to aid in the expansion of the kidney dialysis equipment market size in the coming years.
A few initiatives taken by key players operating in the global kidney dialysis equipment market are listed below:
- In October 2023, Quanta Dialysis Technologies presented real-world evidence from its Home Run study using its Quanta Dialysis System at the American Society of Nephrology (ASN) Kidney Week 2023, held from November 2 to 5 in Philadelphia, Pennsylvania.
- January 2022, Nextkidney BV acquired Dialyss Pte Ltd. The acquisition of this Singapore-based company significantly allowed Nextkidney to boost the development and commercialization processes of its portable hemodialysis device—Neokidney. It is a small, user-friendly, cost-effective home hemodialysis device capable of handling 4 liters of dialysate per session. The device is independent of water supply and drain, rendering it available to patients anytime and anywhere.
Baxter; B. Melsungen AG; BD; Cantel Medical; DaVita Inc.; Diaverum Dialife; Fresenius Medical Care AG & Co. KGaA; Isopure Corp.; Medtronic Nipro Nikkiso Co., Ltd.; Asahi Kasei Corporation; Medivators Inc; and Nxstage Medical, Inc. are among the leading companies profiled in the kidney dialysis equipment market report. The companies implement both organic (such as product launches, expansion, and product approvals) and inorganic (such as collaborations and partnerships) strategies to stay competitive in the market.
Contact Us
Contact Person: Content Team
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com
Related Industry Updates
Nerve Repair and Regeneration Market Dynamics And Forecast 2021-2027 OrthoMed, Inc., Polyganics, Nuvectra, Stryker
Mar 19, 2021
Special Analytical Report on Asia Pacific Automated Compounding Systems Market during 2019-2027| Weibond Technology, NewIcon, Baxter International Inc.
Aug 15, 2020
Mitsubishi Chemical to Start Up carbon fiber SMC Production Facility in Italy by Sept 2020
Aug 23, 2019
Tissue Plasminogen Activator Market Global Industry Analysis, Share, Statistics, Trends, Opportunities & Forecasts to 2027 | Bayer AG, Abcam, Calbiochem
Mar 23, 2021
Breath Sampler Market Revenue Growth Predicted by 2027
Apr 23, 2021
Canes & Crutches Market Report Analysis during 2019- 2027| Ottobock, mikirad, Cardinal Health, Medline Industries
Oct 01, 2020
Nerve Repair and Regeneration Market Dynamics And Forecast 2021-2027 OrthoMed, Inc., Polyganics, Nuvectra, Stryker
Mar 19, 2021