July 7, 2024

Kidney Dialysis Equipment Market is Driving Towards Home Therapy Solutions

The kidney dialysis equipment is used to filter waste and excess fluid from the blood in patients with kidney failure. These equipment consists of a dialyzer, dialysis solution, and dialysis machine. It is also used to remove toxins and retains necessary minerals in the blood. The dialysis treatment improves symptoms related to kidney failure and helps those suffering from end-stage renal disease.

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 from 2023 to 2030.

Kidney dialysis equipment offers an effective treatment option for patients suffering from kidney diseases. It helps in removing waste and extra water from the blood along with balancing electrolytes. With growing incidences of kidney diseases and failure, demand for dialysis equipment has increased substantially.

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.
Growing cases of diabetes and hypertension are fueling the demand for dialysis equipment across major healthcare facilities. Home dialysis solutions are gaining popularity given their convenience and comfort offered to patients.
Major players are expanding their global footprint with strategic acquisitions and collaborations with local players. Promotional activities to spread awareness about chronic kidney diseases and dialysis treatment options are boosting the demand.

Market key trends
One of the key trends witnessed in the kidney dialysis equipment market is the increasing adoption of home hemodialysis solutions. Owing to the rising preference for comfortable treatment options and better quality of life, home kidney dialysis is growing at a significant pace. Equipment suitable for small home setups are being developed. Technological advancements in portable dialyzers and machines have enabled home therapies. This trend is expected to continue as home-based treatment options offer flexibility and independence to patients.

Porter’s Analysis
Threat of new entrants: The threat is moderate as the equipment require specialized skills and various regulatory compliances to operate in this market. However, large companies find easy access to resources.
Bargaining power of buyers: The bargaining power is high as the equipment market is consolidated with few global players. However, the need for dialysis makes this an essential medical procedure with inelastic demand.
Bargaining power of suppliers: The bargaining power of suppliers is low due to availability of substitute components and bargaining power of established global players.
Threat of new substitutes: The threat is low as kidney transplantation is very limited by donor availability and transplant success rate. Other new potential substitutes are still under clinical trials.
Competitive rivalry: The competitive rivalry is high among few global established players. Stable growth and need for recurring purchase increase competition.

Geographical regions:
North America region currently holds the major share of the global kidney dialysis equipment market in terms of value due to advanced healthcare facilities and higher kidney diseases. The United States holds the largest market share currently.

The Asia Pacific region is expected to be the fastest growing market during the forecast period due to growing aging population, lifestyle diseases and improving access to healthcare in emerging economies like India and China. Rising medical tourism and initiatives to battle kidney diseases will further support growth.

*Note:

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