June 15, 2024

The global Kidney Dialysis Equipment Market is estimated to Propelled by increasing prevalence of kidney diseases

Kidney dialysis equipment is medical devices that are used to perform hemodialysis and remove waste such as urea and toxins along with excess water from the blood of patients suffering from renal failure or whose kidneys are not functioning properly. These devices help mimic the role of kidneys in purifying the blood. The rising number of patients suffering from chronic kidney diseases and end-stage renal diseases has augmented the demand for kidney dialysis equipment and associated services.

The global Kidney Dialysis Equipment Market is estimated to be valued at US$ 13.95 billion 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:

The increasing prevalence of kidney diseases is one of the major trends fueling the growth of the kidney dialysis equipment market. As per the data by the National Kidney Foundation, in the United States, over 37 million Americans suffer from chronic kidney diseases. It is also estimated that over 850,000 people in the US have kidney failure and are on dialysis or have received a kidney transplant. The rising incidence of diabetes and hypertension, which are among the leading causes of chronic kidney diseases, has further augmented the burden of kidney disorders worldwide. The growing patient pool of renal diseases is expected to propel the demand for kidney dialysis equipment and associated services during the forecast period.

SWOT Analysis

Strength: Kidney dialysis equipment provides life support to patients suffering from kidney failure. It helps remove waste and excess fluid from the blood.

Weakness: High costs associated with dialysis treatment and equipment can limit widespread adoption. Equipment also requires specialized facilities and trained staff to operate.

Opportunity: Rising incidence of chronic kidney diseases across the world presents growth opportunities. Expanding healthcare infrastructure in developing regions offers potential for market expansion.

Threats: Stringent regulations associated with medical devices may increase compliance costs. Reimbursement issues and budget constraints of public payers pose threats.

Key Takeaways

The global kidney dialysis equipment market is expected to witness high growth. The global Kidney Dialysis Equipment Market is estimated to be valued at US$ 13.95 billion in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030.

The North American region currently dominates the market owing to the advanced healthcare infrastructure and high adoption rates of new technologies. The rising prevalence of lifestyle diseases such as diabetes and hypertension in this region is also contributing to market growth. The Asia Pacific region is poised to be the fastest growing market for kidney dialysis equipment due to increasing healthcare investments, expansion of private healthcare insurance, and growing incidence of chronic kidney diseases. Countries such as China, India, and Japan are expected to offer lucrative opportunities.

Key players operating in the kidney dialysis equipment market are Fresenius Medical Care AG & Co. KGaA, Nikkiso Co., Ltd., Baxter International Inc., Asahi Kasei Corporation, B. Braun Melsungen AG. These players are focusing on new product launches, expansion in emerging markets and acquisitions to gain a competitive edge.

*Note:

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