Kidneys removes waste from the body, regulates blood pressure, allows hormones to create red blood cells, and ensures right amount of mineral content in the body. Failure of kidney compels the need for kidney replacement. However, it is very challenging to find a matching kidney donor and hence until then an alternative treatment called dialysis is opted. Dialysis helps in removing waste, salt, and extra water from body to prevent them from building up in the body and helps in maintaining safe level of certain chemicals in the blood such as potassium, sodium, and bicarbonate to control blood pressure. There are two main type of dialysis, Hemodialysis (it utilizes a machine for blood purification and requires patient visit at dialysis clinic for the treatment process) and peritoneal dialysis (it uses abdominal lining to filter the blood). Advent of home/portable dialysis equipment is expected to increase patient compliance for the dialysis treatment.
Market Dynamics
Increasing prevalence of kidney diseases is expected to drive the global kidney dialysis equipment market growth. For instance, according to the National Kidney Foundation, in 2015, around 10% of the global population was affected by chronic kidney disease. Moreover, according to the same source, millions of people die each year from kidney diseases, owing to expensive treatment and increasing economic burden.
Furthermore, according to the National Kidney Foundation, in 2018, only 2 million people globally received dialysis treatment or a kidney transplant. For instance, according to the University of California, incidence of end stage renal disease (ESRD) in the U.S. is increasing 5% annually, while only 20% kidney donors are available every year. The need for kidney donors in the U.S. is increasing by 8% annually.
Increasing product launches, owing to increasing demand of dialysis equipment is expected to drive the global kidney dialysis equipment market growth over the forecast period
Manufacturers are focusing on developing innovative products to meet the unmet needs of treatment in chronic kidney diseases. For instance, in July 2019, the UK-based Quanta Dialysis Technologies raised US$ 48 Million funding to launch a home hemodialysis device, which is more afforadble than compared to dialysis done in hospitals.
Global Kidney Dialysis Equipment Market- Regional Analysis
North America is expected to hold dominant position in the global kidney dialysis equipment market over the forecast period, owing to increasing prevalence of kidney diseases and demand of dialysis as treatment process. For instance, as per the National Kidney Foundation, there are nearly 100,791 people, who required to receive kidney transplants in the U.S. as of November 2016. Furthermore, around 3,000 new patients are added every month in the kidney transplant list in the U.S. Increasing number of kidney failure has generated demand for dialysis procedures, which is expected to propel the North America kidney dialysis equipment market growth.
Restraints
Major factors restraining the global kidney dialysis equipment market growth are side effects of the dialysate or dialysis solution used for dialysis such as weakness, bloating or weight gain, low blood pressure, itching or dry skin, and others.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section
Table of Contents
*Browse around 35 market data tables and 24 figures on "Kidney Dialysis Equipment Market - Global forecast to 2027”
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients