Global Dialysis Equipment Market Size, Trend & Growth Opportunity, By Product Type, By Disease Condition, By End User, By Region & forecast till 2027.
Global Dialysis Equipment Market
Global Dialysis Equipment Market was valued at USD 14.2 billion in 2021, rocket up to USD 18.7 billion by 2027 at a CAGR 4.5% from 2022-2027.
Dialysis Equipment is the machine which are utilized to filter patient’s blood in conditions like kidney damage, kidney failure, kidney dysfunction, and to remove surplus waste product or impurities from kidney. Dialysis Equipment comprises dialyzers and dialysis pumping machines and other instruments used in dialysis process involving blood pumps, catheters, and tubing kits.Dialysis Machines are fruitful in treatments of renal diseases.
Market Drivers
Rising command for dialysis equipment in hospitals, clinics, and dialysis centers, across the world, driving the growth of the Global Dialysis Equipment Market. Additionally, new products come in the market with more accurate and mobile properties are also expected to boost the Global Dialysis Equipment Market in the upcoming years. Manufacturers of dialysis equipment concentrated on manufacturing fully automatic, movable and advanced dialysis equipment to treat people of all ages suffering from kidney diseases. Novel technological upgradation involved the introduction of high efficiency and high flux membranes. This technical advancement will create an opportunity for Global Dialysis Equipment Market. Increasing incidence of end-stage renal disease (ESRD) is driving demand in the market. Growing share of healthcare expenditure to trat end stage renal disease and chronic kidney disease provide an opportunity for the growth of the Dialysis Equipment Market.
Market Restraints
The lack of awareness about the diseases, mainly in underdeveloped and developing regions, restraints the growth of Dialysis Equipment Market. Product recalls have been major restraint in the dialysis device market. The product recall action is taken by organizations or any regulatory authority like US FDA to remove equipment from market. Dialysis equipment remove from market when they fail to perform the function for that they were get manufactured.
Market Segmentation
The Global Dialysis Equipment Market is segmented into Product Type, Disease Condition, End User. By Product Type such as Hemodialysis Devices, Peritoneal Dialysis Devices, Continuous Renal Replacement Therapy (CRRT), Consumables. By Disease Condition such as Chronic, Acute. By End User such as Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings.
Regional Analysis
The Global Dialysis Equipment Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to influence the market during the forecast period. Rapidly rising regions in the dialysis equipment will be Africa and middle east, where growth will be at a CAGR of 6.6% and 5.9% respectively. In Asia Pacific & South America Dialysis Equipment Market is anticipated to grow at CAGRs of 5.6% & 4.9% respectively.
Key Players
Various Key Players are listed in this report such as Fresenius Medical Care, Asahi Kasei Corporation,Baxter International, KGaA, Cantel Medical, DaVita Healthcare Partners, Diaverum
Deutschland, Rockwell Medical, JMS Co. Ltd., Fresenius Medical Care AG & Co., B. Braun Melsungen AG, Teleflex Incorporated.
Market Taxonomy
By Product Type
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