Renal Dialysis Equipment Market 2024 New Trends, Business Growth, Segmentation And Key Players Analysis Till 2033

"The Business Research Company recently released a comprehensive report on the Global Renal Dialysis Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The renal dialysis equipment market size has grown strongly in recent years. It will grow from $18.28 billion in 2023 to $19.52 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to providing comprehensive training programs and support, significant investments in research and development, rise in awareness about kidney health, expansion of private healthcare sector, and rise in disposable incomes.

The renal dialysis equipment market size is expected to see strong growth in the next few years. It will grow to $25.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to investing in sustainable practices, insurance coverage for dialysis treatment, rise in medical tourism, better reimbursement policies, and focus on patient-centric care. Major trends in the forecast period include adoption of home dialysis, advanced dialysis products, expansion of telemedicine and remote monitoring, adoption of continuous renal replacement therapy, and biocompatible dialysis membranes.

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Market Drivers and Trends:

The rising prevalence of chronic kidney disease is expected to propel the growth of the renal dialysis equipment market going forward. Chronic kidney disease refers to the gradual loss of kidney function over time, which can lead to kidney failure and other serious health complications. Chronic kidney disease is attributed to various risk factors, including diabetes, hypertension, prolonged use of certain medications, and genetic predispositions. Renal dialysis equipment helps people with chronic kidney disease by filtering waste products and excess fluids from the blood, which their damaged kidneys can no longer effectively manage. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, chronic kidney disease (CKD) mortality rates increased by 4.2% in 2021 and 6.2% in 2022. In 2021-22, CKD was noted in around 2 million hospitalizations, representing 18% of all hospitalizations in Australia. Therefore, the rising prevalence of chronic kidney disease is driving the growth of the renal dialysis equipment market.

Major companies operating in the renal dialysis equipment market are developing renal devices with advanced features such as hemodialysis systems with automated processes to improve treatment efficiency and outcomes. Automated processes enhance renal dialysis equipment by improving accuracy, consistency, and efficiency in treatments, minimizing manual intervention, and reducing the risk of errors during dialysis sessions. For instance, in March 2022, Nipro Medical Corporation, a US-based medical equipment manufacturing company, launched SURDIAL DX, an advanced hemodialysis system. SURDIAL DX incorporates automated processes that simplify clinical workflows. It is developed with clinicians' input, emphasizing patient safety and comfort, ease of use, and streamlined automated processes. This includes a built-in dialysate preparation system and piston pump ultrafiltration, contributing to a more efficient treatment process.

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Major Key Players of the Market:

CVS Health Corporation, Medtronic plc, Fresenius Medical Care AG & Co. KGaA, Asahi Kasei Medical Co. Ltd., Toray Industries Inc., Baxter International Inc., DaVita Inc., B. Braun Holding GmbH & Co. KG, Nipro Corporation, Teleflex Incorporated, Nikkiso Co. Ltd., Cantel Medical Corporation, Diaverum, Inspira Health Network, JMS Co. Ltd., NxStage Medical Inc., Rockwell Medical Inc., Cytosorbents Corporation, Quanta Dialysis Technologies, Farmasol, Outset Medical Inc., Medica SpA, Allmed Medical GmbH, Medionics International Inc., AWAK Technologies

Renal Dialysis Equipment Market 2024 Key Insights:

• The renal dialysis equipment market size is expected to see strong growth in the next few years. It will grow to $25.51 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Rising Prevalence of Chronic Kidney Disease Driving the Growth of the Renal Dialysis Equipment Market
• Advancements in Renal Dialysis Equipment
• North America was the largest region in the renal dialysis equipment market in 2023

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