PUBLISHER: The Business Research Company | PRODUCT CODE: 1429396
PUBLISHER: The Business Research Company | PRODUCT CODE: 1429396
Dialysis devices and equipment serve the purpose of filtering a patient's blood, eliminating waste products such as urea, creatinine, and excess water in cases where the kidneys fail, are damaged, dysfunctional, or absent.
The primary categories of dialysis devices and equipment include hemodialysis devices and peritoneal dialysis devices. Hemodialysis is a procedure in which a specialized machine, along with an artificial kidney or dialyzer, is employed to purify the blood. The applications of these devices encompass serum and blood treatment, virus purification, drug binding studies, among others. The end-users of dialysis devices and equipment span hospitals, clinics, ambulatory surgical centers, and home care settings.
The dialysis devices and equipment market research report is one of a series of new reports from The Business Research Company that provides dialysis devices and equipment market statistics, including dialysis devices and equipment industry global market size, regional shares, competitors with a dialysis devices and equipment market share, detailed dialysis devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the dialysis devices and equipment industry. This dialysis devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dialysis devices and equipment market size has grown strongly in recent years. It will grow from $4.93 billion in 2023 to $5.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historical period can be attributed to an increase in healthcare expenditure and the rapid expansion of the elderly population.
The dialysis devices and equipment market size is expected to see strong growth in the next few years. It will grow to $6.35 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be attributed to the increasing prevalence of chronic diseases, technological advancements, and the rising adoption of home therapies. Major trends during this period include a focus on the development of peritoneal dialysis devices, the expansion of product portfolios for homecare settings, and a strategic emphasis on acquisitions and mergers to expand business operations.
The market for dialysis devices and equipment is being driven by the increasing prevalence of kidney failure. The primary objective of these devices and equipment is to artificially filter the blood, removing toxins and preventing the accumulation of harmful waste products. Chronic kidney disease (CKD) is a condition characterized by kidney damage, leading to impaired blood filtration. According to the National Kidney Foundation, in 2021, kidney disease affected 37 million people in the US, with 90% of patients being unaware of their condition. Notably, 2 in 5 adults with serious kidney disease were unaware of their condition.
The growth of the dialysis devices and equipment market is expected to be fueled by the rising prevalence of hypertension. Hypertension is a medical condition marked by consistently elevated blood pressure. Hemodialysis, a process during which blood is filtered outside the body in a machine, aids in controlling blood pressure and balancing essential minerals such as potassium, sodium, and calcium. While hemodialysis can partially replace kidney function, it helps improve energy levels and reduces fluid buildup in the body between treatments. According to the Centers for Disease Control and Prevention, hypertension was a primary or contributing cause of 691,095 deaths in the United States in 2021. Consequently, the increasing prevalence of hypertension is a key driver of the dialysis devices and equipment market.
Leading companies in the dialysis devices and equipment market are dedicated to developing cutting-edge products, exemplified by innovations such as the SURDIAL DX Hemodialysis System. This state-of-the-art hemodialysis system, introduced by Nipro Medical Corporation in March 2022, is designed to optimize the dialysis treatment experience for both patients and clinicians. The system incorporates automated processes and step-by-step guidance to minimize the potential for human error, ensuring exceptional reliability and service. The launch of the SURDIAL DX Hemodialysis System is anticipated to enhance access to care for patients with kidney failure requiring dialysis treatment.
A prevailing trend in the dialysis devices and equipment market is the integration of technology to create innovative products with enhanced functionality. Ongoing efforts to improve the blood filtration process and overall device quality are resulting in the development of products such as the Revaclear High-Flux Dialyzer by Baxter. This product aims to accelerate blood filtration, thereby improving the efficiency of the filtration process. The Revaclear dialyzers are instrumental in detecting renal failure through hemodialysis. As technology continues to advance, further innovations in these devices are expected.
In September 2022, W.L. Gore & Associates, a material science company based in the US, acquired InnAVasc Medical in a deal of undisclosed value. This strategic acquisition aligns with the company's commitment to improving patients' lives and providing innovative treatments. InnAVasc Medical, a US-based medical technology company, specializes in developing treatments to alleviate the challenges faced by dialysis patients.
Major companies operating in the dialysis devices and equipment market report are Fresenius Medical Care AG & Co. KGaA, Baxter International, Nipro Corporation, B. Braun Medical Inc., Medtronic plc., Nikkiso Co., Ltd., Asahi Kasei Corporation, Toray Medical Co. Ltd., JMS Co. Ltd., Kawasumi Laboratories Inc., Shenzhen Landwind Industry Co., Ltd., Shanwaishan Medical Group, ARI Technology Group Co., Ltd., Bain Medical Equipment Co., Ltd., Jiangsu Lengthen Life Science and Technology Co., Ltd., DaVita Inc., Renalyx, Terumo Corporation, Medikit co., ltd., Otsuka Medical Devices Co., Ltd., Olympus Medical Systems Corporation, Canon Medical Systems Corporation, Hitachi Group, Nihon Koden Corporation, Sanko Manufacturing Co.,Ltd., Fukuda Denshi, Metran Co., Ltd., C.R. Bard, Inc., Medivators, Teleflex, NxStage, Outset Medical, AmeriWater, Myron L Company, Mar-Cor Purification, CMA Microdialysis, 3M
Asia-Pacific was the largest region in the global dialysis devices and equipment market in 2023. North America was the second largest market in dialysis devices and equipment market. The regions covered in the dialysis devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the dialysis devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
The dialysis devices and equipment market consist of sales of instruments such as dialyzers, dialysis pumping machines, blood pumps, catheters, and tubing kits that are used for dialysis. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dialysis Devices And Equipment Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dialysis devices and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dialysis devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dialysis devices and equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.