Kidney Dialysis Equipment Market Overview
Worldwide kidney dialysis equipment market is likely to accrue USD 16.5 billion over the forecast period 2018-2023. The market has been expected to expand at 5.7% CAGR during 2018-2023. Chronic kidney disease or CKD is a chronic condition which critically affects a patient’s life quality. Kidney dialysis is the most preferred cure for serious conditions where both the kidneys of a person is damaged. However, this treatment is also sporadically used for curing patients with a single damaged kidney. On average, the kidney of a fit person filters about 150 quarts of blood per day. When the kidney fails to perform efficiently, the waste automatically gathers in the blood resulting in coma and even death. In such cases, dialysis acts as the savior. It prevents the waste and toxin products formation in the blood. Dialysis acts as an artificial kidney that finds wide application in filtering the patient’s blood during kidney damage, kidney dysfunction, kidney failure, and for eliminating surplus impurities from kidneys.
Improved healthcare infrastructure, growth in the prevalence of dialysis patients, loss of appetite resulting weight loss, embracing updated technologies in dialysis, adoption of sedentary lifestyle, increasing acidosis, heart failure, and surging number of ESRD (End Stage Renal Disease Patients) drive the kidney dialysis equipment market to a great extent. Additionally, cost-effective portable dialysis device, rapidly growing geriatric population, rising frequencies of diabetes and hypertension issues and preference for dialysis over kidney transplantation. However, the risks and difficulties involved, soaring cost of dialysis procedures, rules and regulations pertaining to dialysis, costly cures, and time consumption are likely to propel the growth of the kidney dialysis equipment market over the forecast period.
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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 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.
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Kidney Dialysis Equipment Market Key Players
The global kidney dialysis equipment market has been dominated by key players such as Teleflex Incorporated, Hemoclean CO., LTD, Terumo Corporation, Rockwell Medical, Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Nxstage Medical, Inc., Mar Cor Purification, Inc. (A Cantel Medical Company), Nikkiso Co., Ltd., Diaverum Deutschland GmbH, Nipro Corporation, Baxter International Inc., B. Braun Melsungen AG, Fresenius Medical Care AG & Co. Ka., and Davita Healthcare Partners Inc.