The kidney dialysis equipment market consists of various dialysis products which include hemodialysis machines, dialyzers, dialysis filters, and others that are used to treat end-stage renal disease (ESD) and acute kidney injuries. Hemodialysis machines are widely used for extracorporeal removal of waste such as urea and creatinine from the blood when the kidneys are in a failure condition. Continuous technological advancements in dialysis machines such as multi-therapy machines capable of performing hemodialysis, hemofiltration, and hemodiafiltration are augmenting the market growth.
The global kidney dialysis equipment market is estimated to be valued at US$ 16,874.5 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Continuous renal replacement therapy (CRRT) refers to slow dialysis performed over 24 hours that is gradually becoming more popular than traditional 4 hour dialysis sessions three times a week. Renal replacement machines capable of CRRT are seeing increased adoption owing to benefits such as better hemodynamic stability and fluid removal in critically ill patients. Manufacturers are developing advanced CRRT machines integrated with data analytics and remote monitoring capabilities to aid clinicians. Growing prevalence of acute kidney injury requiring CRRT as a treatment modality is one of the key factors propelling growth of the kidney dialysis equipment market.
SWOT Analysis
Strength: Kidney dialysis equipment has well-established manufacturing and supply chains to provide reliable treatment options for patients. Advanced dialysis machines offer improved patient outcomes and quality of life.
Weakness: High costs associated with kidney dialysis equipment and ongoing treatment can limit access for some patients. Further innovations are needed to reduce treatment burden and expand home-based options.
Opportunity: Rising prevalence of chronic kidney disease and end-stage renal disease globally is driving the need for more dialysis centers and equipment. Home dialysis presents an opportunity to serve more patients.
Threats: Reimbursement changes and pricing pressures could reduce profits for equipment manufacturers. Alternative treatment methods may gain traction and compete with dialysis over time.
Key Takeaways
The global kidney dialysis equipment market is expected to witness high growth over the forecast period of 2023 to 2030 supported by an aging population and growing rates of chronic kidney disease worldwide.
Regional Analysis: The Asia Pacific region currently dominates the market and is projected to experience the fastest gains due to improving access to care, expanding healthcare spending, and rising awareness of kidney diseases in regional hotspots like India and China.
Key players operating in the kidney dialysis equipment market include Fresenius Medical Care AG & Co, Baxter International, Inc., Nipro Corporation, B. Braun Melsungen AG, Nikkiso Co, Ltd., Asahi Kasei Corporation, NxStage Medical, Inc., Guangdong Biolight Meditech Co., Ltd, Dialife SA, and DaVita Inc. These companies have established themselves as leaders through innovation in dialysis machines, disposables, and service offerings. Their strong global presence and robust product portfolios will support continued market share.
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- Source: Coherent Market Insights, Public sources, Desk research
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