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Kidney dialysis equipment is used in hemodialysis to remove waste products and excess water from the blood of people suffering from kidney failure or whose kidneys are not functioning properly. Hemodialysis is a medical process of purifying the blood of a person whose kidneys are not working normally by removing waste materials and replacing fluids. The equipment used includes dialysis machines, dialyzers, bloodlines, and dialysis solutions. Kidney dialysis equipment plays a vital role in hemodialysis procedures by facilitating the filtration of blood outside the body through an artificial kidney machine. The rising cases of chronic kidney disease have increased the demand for dialysis treatment procedures, thereby driving the kidney dialysis equipment market.
The global Kidney Dialysis Equipment Market is estimated to be valued at US$ 14.3 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 rising geriatric population and growing prevalence of diabetes and hypertension have resulted in increased cases of chronic kidney disease globally. As per data published by the National Kidney Foundation in 2021, approximately 15% of the global population is affected by chronic kidney disease. This has augmented the demand for kidney dialysis procedures and subsequent equipment. Manufacturers are increasingly focusing on developing portable and home dialysis equipment. Advancements in technology have paved the way for lighter and more compact dialysis machines and consumables, making dialysis treatment convenient and easier to perform at home. Many new players are entering the market with innovative home dialysis equipment, which is expected to dominate the dialysis equipment market during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is relatively low in the kidney dialysis market due to significant capital requirements for R&D investments and to achieve economies of scale in manufacturing and distribution.
Bargaining power of buyers: The bargaining power of buyers is moderate as kidney dialysis is a necessity for patients with renal failure and customers demand innovative products with better outcomes.
Bargaining power of suppliers: The bargaining power of suppliers is moderate since major suppliers for components and raw materials for dialysis machines include few global players.
Threat of new substitutes: There is limited threat from new substitutes due to no viable alternative therapies available for kidney failure patients other than transplantation.
Competitive rivalry: The competitive rivalry in the market is high as the major players compete on technological innovation, product quality, and geographical expansion.
Key Takeaways
The global kidney dialysis equipment market is expected to witness high growth over the forecast period supported by growing prevalence of end-stage renal disease, technological advancements in home dialysis, and rising geriatric population with poor kidney health. The global Kidney Dialysis Equipment Market is estimated to be valued at US$ 14.3 billion in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030.
Regional analysis – North America dominates the global kidney dialysis market. Increased healthcare expenditure and continuous technical upgrades are responsible for growth in the region. Asia Pacific is expected to be the fastest-growing market over the forecast period with rising healthcare infrastructure and disposable income in countries like China and India.
Key players – Key players operating in the kidney dialysis equipment market are Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., Nipro Corporation, B. Braun Melsungen AG, Asahi Kasei Medical Co. Ltd. Fresenius Medical Care dominates with over 30% share owing to its diverse product portfolio and global presence. Baxter International follows with major focus on home haemodialysis products.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
