Increasing Chronic Kidney diseases to underpin rise of Kidney Dialysis Equipment market in the near future
Chronic kidney disease (CKD) is a chronic condition that seriously affects the quality of life of the patient. Kidney dialysis is the preferred mode of treatment for severe conditions wherein both kidneys are damage, though the technique is also used occasionally for treatment of patients with just one damaged kidney. Furthermore, there are various renal disorders and normal causes that cause total renal failure. However, there is no single cause that deteriorates the kidney function. The damage is usually irreversible and can lead to life threatening problems. To mitigate such problems, kidney transplant is recommended. This, however, requires the same blood donor of the kidney to maintain the compatibility of the transplant with the other vital organs in the body. In some cases, dialysis or transplantation may become necessary, which can further favor the rise in growth in kidney dialysis equipment market.
Diabetes mellitus is considered as the most common cause of chronic kidney disease that may lead to increase in demand for kidney dialysis. According to Scottish Intercollegiate Guidelines Network, in 2008, the average prevalence has been reported at 11% in the U.S. and Europe that are excluding those on dialysis or with a functioning transplant. Growth of geriatric population is one of the major reasons expected to support growth of the kidney dialysis equipment market in the near future. Large number of people in their old age are more prone to suffer from kidney failure.
The global kidney dialysis equipment market was valued at US$ 13,930.3 Mn in 2015 and is expected to witness a robust CAGR of 6.6% during the forecast period (2016 – 2024).
Figure 1. Global Kidney Dialysis Equipment Market Size and Forecast, US$ Million and Y-o-Y Growth (%), 2014–2024
Source: Coherent Market Insights Analysis (2016)
Demographic Shift of major chunk of population towards increasing geriatric population
Elderly population are more prone to various disease due to diminished level of immunity and other co-morbid disease conditions. Diabetes mellitus is a very common disorder that is the initiator for various unwanted disease conditions. One of the most frequently arising condition is kidney failure. The unnoticed and improper care of the diabetic patient may lead to abnormal functioning of kidney and in severe cases total shut down of the organ. Kidney dialysis is a process in which an external machine acts as the kidney for the filtration of body fluids. Furthermore, the dialysis works on various sequential methods such as proper testing of vitals of the patient that is necessary for maintaining the appropriate glomerular filtration rate. Dialysis procedure helps in maintaining the proper standards of the body fluids and other important kidney functions such as waste removal, removal of extra water and salt to prevent them from building up in the body that ensure safe level of certain chemicals such as potassium, sodium and bicarbonate in the blood, which helps in controlling the blood pressure.
Home care settings segment is expected to be supported by single in-center machines for dialysis
The need for kidney dialysis procedure is mostly observed in geriatric population. The number of hospital visits will decrease due to mobility issues. Therefore, the introduction of new portable single in-center dialysis machine will be useful for geriatric population. Various key players are working on developing portable dialysis machines, in order to make the dialysis process easier for the patients. For instance, Fresenius Medical Care, a Germany-based manufacturer of dialysis machines, is the only company that introduced both in-center and home use dialysis machine. This is expected to drive growth of the kidney dialysis equipment market in the near future.
According to the Fresenius Medical Care, in 2011, three largest manufacturers of dialysis products contributed to around 65% of the global kidney dialysis equipment market in terms of revenue. Among which, market share of around 33% was contributed by Fresenius Medical Care, followed by Baxter and Gambro. Also, various aligned collaborations and acquisitions have made the market more consolidated, which in future is expected to be a source of high investment in the research and development that will lead to increase in product portfolio and reduction in prices for the already existing machines. For instance, in 2017, Fresenius Medical care has acquired 70% equity of the Kunming Wuhua Health Hospital (Wuhua Hospital) in China. This marks the company’s first joint venture in China for renal care services and chronic disease management.
Kidneys remove waste from the body, maintain the blood pressure, make hormones to create red blood cells and thus, ensure right amount of minerals 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. As per the National Kidney Foundation, there are nearly 100,791 people awaiting for 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. Dialysis are of two types – hemodialysis and peritoneal dialysis. Hemodialysis utilizes a machine for blood purification and hence, usually requires the patient to visit the dialysis clinic for availing the treatment process. Peritoneal dialysis on the other hand, uses abdominal lining to filter the blood. Advent of home/portable dialysis equipment improves patient compliance for the dialysis treatment.
According to the National Kidney Foundation, around 10% of the global population is affected by chronic kidney disease (2015). According to the University of California, incidence of end stage renal disease (ESRD) in the U.S. is 5% annually, while only 20% of kidney donors are available every year. The need for kidney donors in the U.S. is increasing by 8% annually. Globally, Taiwan, U.S., Japan, Mexico, and Belgium are the countries with highest prevalence of ESRD. Considering the staggering statistics of kidney donors and incidence of ESRD and CKD, the dialysis equipment market is poised to grow at a considerable growth during the forecast period. Although market for hemodialysis is high, demand for peritoneal dialysis is increasing as it offers convenience of undergoing the treatment at home.
This report segments the global kidney dialysis equipment market on the basis of equipment, end user, and geography. On the basis of equipment, the market is segmented into hemodialysis, peritoneal dialysis and continuous renal replacement therapy (CRRT) equipment. On the basis of end user, the global kidney dialysis equipment market is categorized into home care settings and in-clinic/dialysis centers. For comprehensive understanding of market dynamics, the global kidney dialysis equipment market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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