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Kidney Dialysis Equipment Market is Likely to be Worth US$ 25.128 Bn by 2024
Persistence Market Research’s recent report on “Global Market Study on Kidney Dialysis Equipment: Latin America Expected to Emerge the Third Attractive Regional Market ” forecasts the market revenues to reach US$ 25.128 Bn by 2024 end. The US$ 15 Bn kidney dialysis market is projected to grow at a CAGR of 6.5% through 2024.
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The preponderance of chronic kidney disease (CKD), aggravated by geriatric population and rising life expectancy, will continue to spur the demand for hemodialysis therapy. Expanding ESRD patient pool is another factor influencing market growth. Favorable government initiatives and rising healthcare funding to increase awareness about therapeutic modalities are also anticipated to boost equipment sales during the forecast period. The introduction of technologically advanced and user-friendly dialysis equipment and adoption of renal dialysis over kidney transplantation are key trends impacting the market.
“Manufacturers will discover lucrative opportunities in pediatric dialysis. In addition, rising demand for cost-effective equipment in low and middle-income countries will also present multiple revenue generation channels”. - Analyst, Life Sciences & Transformational Health, Persistence Market Research
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Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., NIPRO Medical Corporation, B. Braun Melsungen AG, and NIKKISO CO., LTD. are the leading players in the kidney dialysis equipment market. Manufacturers are largely concentrating on development of cost-effective dialysis equipment and expanding revenue shares in regional markets; empowering the supply chain in developing countries is expected to gain traction among key players. Notable activity in the kidney dialysis equipment includes:
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