Kidney Dialysis Equipment Market Will Generate New Growth Opportunities By 2025
CKD may lead to kidney injury and sometimes, complete loss of kidney function, which may require renal replacement therapy. According to the National Kidney Foundation, about 100,000 people are on the kidney transplant list in the U.S. every year, whereas only 20,000 kidney donors are available. Thus, due to shortage of kidney donors, a majority of people worldwide opt for dialysis. This factor drives the global market for kidney dialysis equipment.
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Aging epidemiology, rising prevalence of CKD across the world, and growing preference for dialysis over kidney replacement are some of the major factors boosting the global kidney dialysis equipment market. Moreover, improvement in reimbursement schemes, health care facilities, standard of living; rise in the number of dialysis patients; and initiatives taken by governments, health care organizations, and dialysis equipment manufacturers to provide cost-effective and reliable kidney dialysis equipment and services are some of the secondary factors likely to drive the demand for kidney dialysis equipment during the forecast period.
Introduction of technologically advanced systems is projected to boost the global kidney dialysis equipment market in the near future. Manufacturers are focusing on developing fully automated, portable, and technologically advanced dialysis equipment to provide better options to users of all age groups. For instance, Fresenius Medical Care AG & Co. KGaA provides peritoneal as well as hemodialysis systems just for pediatric use in order to overcome issues faced by use of adult dialysis equipment. These systems are less invasive than extracorporeal treatment and they offer hemodiafiltration (HDF) therapy to pediatric patients. However, high cost of dialysis equipment and upcoming approvals for the artificial implantable kidney technology are projected to hamper the market in the near future.
The global kidney dialysis equipment market can be segmented based on product, end-user, and geography. Based on product, the kidney dialysis equipment market has been divided into hemodialysis (HD) equipment and peritoneal dialysis (PD) equipment. The HD equipment segment dominated the global kidney dialysis equipment market in 2016 owing to lifesaving intervention for highly prevalent CKD population worldwide. Moreover, technological advancements with a user-friendly approach, favorable reimbursement policies, and developing conditions in emerging markets are the other factors fueling growth of HD equipment during forecast period.
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The hemodialysis equipment segment has been sub-segmented into hemodialysis machines, dialyzers, bloodline systems & catheters, and concentrates & solutions. The peritoneal dialysis equipment segment has been divided into peritoneal dialysis machines, concentrates & solutions, and catheters & tubing sets.
Based on end-user, the market has been divided into hospitals, in-center dialysis settings, and home care settings. Increase in the number of multispecialty hospitals and consolidation of the hospital industry are factors expected to increase spending on high-quality equipment in hospitals. This, in turn, is estimated to a major market share held by the hospitals segment in the global kidney dialysis equipment market during the forecast period.
Based on geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to hold a major share of the global market during the forecast period, owing to high capital investment in health care facilities, large patient pool, and favorable reimbursement criteria in the region. Moreover, improved standards of living and high rate of adoption of new technologies are expected to increase the demand for kidney dialysis equipment in North America during the forecast period.
Some of the major players operating in the global kidney dialysis equipment market are Fresenius Medical Care AG & Co., Baxter International, Inc., Nipro Corporation, B. Braun Melsungen AG, Nikkiso Co, Ltd., and NxStage Medical, Inc.
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