Growth Factors of Dialysis Equipment Market
The global dialysis equipment market has experienced significant growth over the past decade, driven by the increasing prevalence of chronic kidney disease (CKD) and end-stage renal disease (ESRD). According ta report by Fortune Business Insights, the market was valued at USD 15,092.0 million in 2017 and is projected treach USD 33,231.8 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.5% during the forecast period.
Rising Prevalence of Kidney Diseases
Chronic kidney disease affects millions worldwide, with diabetes and hypertension being the leading causes. In the United States alone, an estimated 30 million people were reported thave CKD in 2017. This escalating prevalence necessitates effective renal replacement therapies, thereby propelling the demand for dialysis equipment.
Types of Dialysis Equipment
Dialysis treatments are primarily categorized inthemodialysis and peritoneal dialysis, each requiring specific equipment.
- Hemodialysis Equipment: This includes machines that filter blood through an external apparatus. The hemodialysis segment held a significant market share, attributed tits widespread adoption in treating ESRD.
- Peritoneal Dialysis Equipment: This involves using the patient's peritoneum in the abdomen as a membrane through which fluids and dissolved substances are exchanged. Peritoneal dialysis offers advantages such as patient comfort, reduced treatment costs, and operational flexibility. These benefits are expected tdrive its adoption, especially in emerging markets.
Market Segmentation and End Users
The dialysis equipment market is segmented based on equipment type and end users.
- By Equipment Type: The market is divided inthemodialysis and peritoneal dialysis equipment. While hemodialysis equipment currently dominates, peritoneal dialysis equipment is anticipated tregister higher growth due tits cost-effectiveness and patient-centric benefits.
- By End User: End users include dialysis centers, hospitals, and home healthcare settings. Dialysis centers and hospitals hold a considerable market share, driven by the increasing number of dialysis centers and patient treatments. However, home healthcare is gaining traction due tthe convenience it offers tpatients.
Regional Insights
Asia Pacific emerged as a dominant region, generating revenue of USD 5,573.0 million in 2017. This dominance is attributed tthe higher incidence and prevalence of ESRD, leading tincreased adoption of dialysis equipment. Additionally, rapid infrastructure development and growing patient awareness contribute tmarket growth in this region.
North America is anticipated tbe the second most prominent region, supported by advancements in healthcare infrastructure and a rising number of dialysis patients. Europe alsholds a considerable share, with the increasing prevalence of ESRD offering lucrative opportunities for market expansion.
Key Market Players
The dialysis equipment market is consolidated, with key players such as Fresenius Medical Care and Baxter accounting for more than half of the market share in terms of revenue. Fresenius Medical Care is a leading player, expected tretain its position due tits innovative product offerings and strong brand presence. Other notable players include NiprCorporation, NikkisCo., Ltd., B Braun Melsungen, Asahi Kasei Corporation, JMS Co. Ltd., and Toray Medical Co. Ltd.
Future Outlook
The dialysis equipment market is poised for substantial growth, driven by the rising prevalence of kidney diseases and advancements in dialysis technologies. The shift towards home-based dialysis treatments, particularly peritoneal dialysis, is expected tcreate new opportunities for market players. Moreover, increasing healthcare expenditure and supportive government initiatives in emerging economies are likely tfurther propel market expansion.
In conclusion, the dialysis equipment market is undergoing significant transformation, influenced by technological advancements, changing patient preferences, and the escalating burden of kidney diseases globally. Stakeholders in the healthcare sector must adapt tthese trends teffectively address the growing demand for renal replacement therapies.
ATTRIBUTES DETAILS
By Type
Hemodialysis Machines
- n-Center Hemodialysis Machines
- Home Based Hemodialysis Machines
Hemodialysis Consumables
- Dialyzers
- Dialysate
- Access Products
- Others
- Peritoneal Dialysis Equipment
Peritoneal Dialysis Equipment Type
- Continuous Ambulatory Peritoneal Dialysis (CAPD)
- Automated Peritoneal Dialysis (APD)
Peritoneal Dialysis Product
- Cyclers
- Fluids
- Other Accessories
By End User
- Dialysis Centers and Hospitals
- Home Healthcare
By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexicand Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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