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Kidney Dialysis Equipment Market to be Surpass US$ 29.9 Billion by 2027 | Fresenius Medical Care AG & Co, Baxter International, Inc., Nipro Corporation

08-12-2020 02:13 PM CET | Health & Medicine

Press release from: Coherent Market Insights (CMI)

Kidney Dialysis Equipment Market

Kidney Dialysis Equipment Market

Global Kidney Dialysis Equipment Market, by Equipment (Hemodialysis (Hemodialysis Machines and Consumables), Peritoneal Dialysis (Peritoneal Dialysis Machines and Consumables), and Continuous Renal Replacement Therapy (CRRT)), by End User (Home Care Settings, Dialysis Centers, and Hospitals & Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 16,874.5 mn in 2018, and is expected to exhibit a CAGR of 6.6% over the forecast period (2019–2027).

Increasing demand of kidney dialysis equipments by hospitals is expected to drive the global kidney dialysis equipment market growth Increasing adoption of kidney dialysis equipment by hospitals and clinics is expected to increase demand for dialysis equipment, which is expected to drive growth of the global kidney dialysis equipment market over the forecast period.

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For instance, in August 2019, Narayana Health Hospital (India) adopted several dialysis equipment and apparatus to offer services with several treatment options for patients suffering from end-stage renal diseases (ESRD), which require dialysis (hemodialysis or peritoneal dialysis) or kidney transplantation. ESRD can be treated by using dialysis equipment and apparatus such as dialyzer, tube for transfer of blood and dialysis solution, and hemodialysis machine.

Increasing product launches is expected to boost the global kidney dialysis equipment market growth Increasing demand of dialysis equipments has influenced manufacturers to launch new dialysis equipment with home care services for patients. For instance, in July 2019, Fresenius Medical Care Korea, launched Sleep Safe Harmony, an automatic peritoneal dialysis device. This device help patients with peritoneal dialysis by performing all treatment procedures at home. High chronic kidney disease (CKD) prevalence is expected to increase demand of treatment such as dialysis procedure, which is expected to propel the global kidney dialysis equipment market growth.

Increasing prevalence of kidney diseases has led to increased demand of dialysis. Low availability of kidney donors has resulted in increasing demand for kidney dialysis equipment. For instance, according to the National Kidney Foundation (NKF) in U.S. more than 100,000 patients required kidney transplant in 2018, of which only 21,167 received one kidney from donors (among overall donors 1/3rd of kidneys were donated from living kidney donors). According to same source, (NKF) in the U.S. about 12 people die every day while waiting for a kidney transplant. The demand for kidney donors in the U.S. is increasing by 8% annually.

Globally, Taiwan, U.S., Japan, Mexico, and Belgium are the countries with highest prevalence of ESRD. Kidney disease is the ninth-leading cause of death in the U.S. For instance, according to the American Kidney Fund, in 2015, around 31 million people in the U.S. (10% of the adult population) suffered from the chronic kidney disease (CKD). According to the same source 50% of men suffering from chronic kidney disease have higher chances of developing kidney failure, also known as end-stage renal disease (ESRD).

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Major players operating in the global kidney dialysis equipment market include Baxter International, Inc., Fresenius Medical Care AG & Co., Nipro Corporation, B. Braun Melsungen, Nikkiso Co, Ltd., Asahi Kasei Corporation, NxStage Medical, Inc, Guangdong BioLight Meditech Co., Ltd, Dialife SA, and DaVita Inc.

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