May 20, 2024

Kidney Dialysis Equipment Market is Estimated to Witness High Growth Owing to Technological Advancements

Kidney dialysis equipment are medical devices that filter and clean blood when the kidneys are damaged or have failed. The two main types of kidney dialysis equipment used in treatment are hemodialysis machines and peritoneal dialysis machines. Hemodialysis machines circulate blood outside the body to a dialyzer that filters waste and excess fluid before returning blood back to the body. Peritoneal dialysis machines use the peritoneal membrane in the abdomen to filter waste and excess fluid through a dialysate solution. The use of kidney dialysis equipment has improved the quality of life for patients with kidney failure by facilitating treatment from the comfort of their homes or dialysis centers. Technological advancements in kidney dialysis machines such as portable devices, home hemodialysis systems, and sorbent-based therapies have enhanced treatment efficiency while also reducing treatment time and increasing patient convenience.

The Global Kidney Dialysis Equipment Market is estimated to be valued at US$ 16,874.5 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the Kidney Dialysis Equipment are 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.

Key opportunities in the market include large patient population suffering from end stage renal diseases, rising demand for home dialysis treatment, and increasing healthcare spending driving demand for advanced dialysis equipment.

Technological advancements such as wearable artificial kidneys and implantable bioartificial kidneys are being developed to provide greater patient mobility and independence from dialysis machines. Portable and home hemodialysis systems have also enhanced treatment flexibility.

Market Drivers

Growing prevalence of chronic kidney disease and end stage renal disease is a major factor driving the demand for kidney dialysis equipment. According to estimates, over 1.5 million people in the US have kidney failure and over 100,000 new patients are added each year requiring dialysis treatment. Rising geriatric population and increasing incidence of lifestyle diseases such as diabetes and hypertension that damage kidneys will propel the need for dialysis services and equipment globally over the forecast period.

Current challenges in the Kidney Dialysis Equipment Market

The kidney dialysis equipment market is facing challenges due to budget constraints faced by healthcare systems, high cost of equipment, and lack of nephrologists. The cost of dialysis therapy and related equipment has been rising, posing affordability challenges. Lack of reimbursement coverage in some regions has also restricted market growth. Moreover, shortage of nephrologists impacts timely diagnosis and treatment. The market needs to address these challenges to expand access and help more patients.

SWOT Analysis

Strength: Growing prevalence of kidney failure worldwide due to risk factors like diabetes and hypertension. Advanced technologies being introduced to improve dialysis efficacy and patient outcomes.

Weakness: Heavy reliance on reimbursement policies limits market reach in underserved regions. High equipment and maintenance costs remain a key barrier.

Opportunity: Emerging economies with large patient populations present major untapped opportunities. Home and portable dialysis technologies offer new growth potential.

Threats: Threat of substitutes like kidney transplant procedures. Stringent regulatory environment increases compliance costs. Intense competition affects pricing and profitability.

Geographical regions where market is concentrated

North America dominates the kidney dialysis equipment market currently due to advanced healthcare infrastructure and widespread insurance coverage. The US accounts for the bulk of the region’s market share. Western Europe is another major regional market assisted by favorable reimbursement policies.

The fastest growing region

Asia Pacific excluding Japan (APEJ) region is projected to grow at the fastest pace during the forecast period. Factors such as rising incidence of kidney failure, improving access to healthcare, increasing healthcare expenditure, and expanding healthcare infrastructure in developing countries are fueling the APEJ market. Growing patient pool, rising incomes, and evolving medical tourism also support regional growth.

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  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it