Market Dynamics
The global kidney dialysis equipment market is touted to accumulate USD 16.5 billion at a stupendous 5.7% CAGR during the assessment period (2018-2023). CKD or chronic kidney disease is a chronic condition which seriously impacts a patient’s quality of life. Kidney dialysis is the most preferred treatment for severe conditions where both the kidneys of a person is damaged but this treatment is also occasionally used for treating patients with a single damaged kidney. Every day, the kidney of a healthy person filters about 150 quarts of blood. Should an individual’s kidney fail to function efficiently automatically the waste will get collected in the blood resulting in coma and even death. Here dialysis will act as the savior. It will stop the toxin and waste products formation in the blood. It is an artificial kidney that is used for filtering the blood of the patient during kidney failure, kidney dysfunction and kidney damage and for removing surplus impurities from kidneys.
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There are many factors that is driving the growth of the kidney dialysis equipment market. Some of these factors as per the Market Research Future (MRFR) report include new funding channels in the healthcare sector, increase in the prevalence of dialysis patients, better healthcare infrastructure, adoption of latest technologies in dialysis, loss of appetite causing weight loss, change in sedentary lifestyle, heart failure, growing acidosis, growing number of ESRD (End Stage Renal Disease Patients), increase in accurate and cost-effective portable dialysis apparatus, fast growth in geriatric population, growing frequencies of hypertension and diabetes problems and preference for dialysis over kidney transplantation. On the contrary, factors such as difficulties and risks involved, time consumption, regulations and rules associated with dialysis, expensive treatments and soaring cost of dialysis procedures may take a toll on the growth of the kidney dialysis equipment market over the assessment period.
Segmental Analysis
The global kidney dialysis equipment market has been segmented on the basis of type, apparatus type, and end-user.
On the basis of type, the market has been classified as hemodialysis, peritoneal dialysis, and Continuous Renal Replacement Therapy (CRRT).
On the basis of apparatus type, the market has been classified into hemodialysis equipment, peritoneal dialysis equipment, and consumables and continuous renal replacement therapy systems.
On the basis of end-user, the market has been classified into hospitals, clinics, in-center dialysis settings, home care, and ambulatory services.
Regional Analysis
In the demand for kidney dialysis systems, North America is projected to lead the market in terms of sales share. Via multiple intercessions, the leading manufacturers in North America have specialized in dialysis treatment devices, addressing complications. Canada's surge in healthcare spending has opened a new direction for the demand for kidney dialysis devices. Because of the massive introduction of new technology in the kidney dialysis division, the market is expected to experience steady expansion. Specialized hemodialysis as well as peritoneal dialysis devices are often queued up by suppliers with multiple interventions, which would also change the experience of the end patient. Public healthcare spending is still booming and awareness campaigns are rising, which are projected to fuel the development of the demand for kidney dialysis devices.
Due to the increase in development prices, the development in technology, the deterioration in human health, and the need for new and successful treatments, the European market is projected to be the second largest market.
In the Asia-Pacific region, the growth of the demand for kidney dialysis devices is projected to increase exponentially due to an increase in the number of dialysis centers and government policies to generate cost-effective treatments. There are more and more people with end-stage kidney failure. The increase in the number of incidences of kidney failure and the preference for renal dialysis rather than organ transplantation is attributed to the complications of transplantation and the lack of organ donors in the area. This area is also projected to show a rise in the number of patients with renal dialysis, which, in turn, will support the growth of the demand for kidney dialysis equipment.
The demand in the Middle East and Africa is projected to account for the smallest share of the global kidney dialysis equipment market due to an underdeveloped healthcare system, lack of technological expertise, and inadequate medical facilities.
Competitive Landscape
Some of the key players in the kidney dialysis equipment are Fresenius Medical Care AG & Co. Ka, Davita Healthcare Partners Inc., Diaverum Deutschland GmbH, Baxter International Inc., B. Braun Melsungen AG, Nipro Corporation, Nxstage Medical, Inc., Nikkiso Co., Ltd., Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Terumo Corporation, Rockwell Medical, Teleflex Incorporated, Mar Cor Purification, Inc. (A Cantel Medical Company), and Hemoclean CO., LTD.
The global market for kidney dialysis equipment is extremely fragmented and the major players have used different tactics to expand their presence in this market, such as new product releases, extensions, alliances, joint ventures, collaborations, acquisitions, and others. These healthcare firms are now urging scientists to create inexpensive dialysis machines that make limited use of technicalities while at the same time fulfilling the main purpose of the treatment.
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.
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.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans conducts meet with the industry experts and industrial visits for its research analyst members.
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