Patient-Centric Renal Solutions Dialysis Devices and Concentrates Market Putting Care First: FMI predicts the industry to have a CAGR of 4.9% by 2033

According to forecasts, the dialysis device and concentrates market is expected to be US$ 21,663.5 million in 2023 and US$ 34,824.85 million by 2033, forecast a CAGR of 4.9%.

Key Players increasingly focus on strategic agreements/partnerships with regional/domestic players to increase their presence in these markets and tap many customers. Market participants focus on technological developments to take advantage of the significant growth opportunities in emerging countries. The development of the rise of dialysis clinics, home/nocturnal dialysis, and government support for ESRD contribute to the expansion of dialysis treatments in developing nations.

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The rise of hemodialysis is also supported by research development projects and the creation of high-tech devices, driving up demand for dialysis concentrate in the area. Increased cases of renal failure caused by hypertension and diabetes and an increase in patients with kidney disease drive up the demand. The lack of organs available for donation is the main driver propelling the expansion of the market.

Key Takeaways:

● By 2033, the dialysis device and concentrate market in the United Kingdom is likely to expand, with a CAGR of 4.3%.

● In 2022, the United States developed the dialysis device and focused business with a share of 33.8%.

● The dialysis device and concentrates market grew considerably to US$ 20,858 million in 2022.

● The dialysis device and concentrates market expanded with a CAGR of 3.1% between 2018 to 2022.

● By 2033, China's dialysis device and concentrate market are projected to develop with a CAGR of 6.5%.

● By 2033, India's dialysis device and concentrates industry is projected to expand with a CAGR of 3.1%.

● Japan's dialysis device and concentrates industry grew significantly, with a 1.6% share in 2022.

● Australia's dialysis device and concentrate market is likely to expand with a CAGR of 1.0% by 2033.

● Germany's dialysis device and concentrates business grew, with a share of 7.5% in 2022.

● In 2022, based on product, hemodialysis machines dominated the market, with a share of 34.2%.

● In 2022, the hospitals' segment led the market, with a share of 37.6%, based on end users.

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Key Players' Strategies and Recent Developments:

● Medtronic introduced a dialysis device for newborn and pediatric care in the United States in December 2020. Additionally, in January 2021, the United States Food and Drug Administration granted 510(k) clearance to Quanta Dialysis Technologies Ltd, a British medical technology leader developing cutting-edge dialysis products and services, allowing it to market its compact, easy-to-use SC+ hemodialysis system.

● Rockwell Medical, Inc. stated in April 2022 that it had expanded its cooperation with DaVita Inc. and is revising some aspects of its supply contracts with clients to stabilize its concentrated business.

● The SURDIAL DX Hemodialysis System was introduced in the US in March 2022 by Nipro Medical Company, a producer and seller of renal, vascular, and medical-surgical devices.

• Baxter International Inc.
• B. Braun Melsungen AG
• Fresenius SE & Co. KGaA
• DaVita Healthcare Partners, Inc.
• Nipro Corporation
• Asahi Kasei Medical Co. Ltd.
• Mar Cor Purification, Inc.
• Nikkiso Co Ltd.
• NxStage Medical, Inc.
• Rockwell Medical
• Farmasol
• Browndove Healthcare

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Key segments:

By Product Type:

• Hemodialysis Machine
• A.V. Fistula Needle
• A.V. Access Graft
• Dialysis Catheter
• Dialysis Concentrates
• Dialyzer
• Dialyzer Reprocessing Machine
• Hemodialysis Bloodline and Tubing Set
• Declotting Device
• Water Treatment System
• introducer Sheath and Guidewire

By End-User:

• In-center Dialysis
• Hospitals
• Independent Dialysis Centres
• Home Dialysis

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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This release was published on openPR.