Kidney performs many crucial functions in our life such as blood filtration, regulate blood pressure create hormones that help produce red blood cells, promote bone health and others. Chronic kidney disease (CKD) is a disease condition which affects the quality of life of the patient due to improper functioning in body which may lead to several others diseases. Kidney dialysis is the preferred mode of treatment for severe conditions (such as end stage CKD) wherein both kidneys are damaged, which require either transplantation or regular dialysis. The damage is usually irreversible and can lead to life threatening health issues and, in order to mitigate such problems, kidney transplant is recommended. Transplantation is very difficult because it requires kidney donors with same blood group as patients to maintain the compatibility of the transplant with the other vital organs in the body.
The global kidney dialysis equipment market was valued at US$ 16,874.5 Mn in 2018 and is expected to exhibit a CAGR of 6.6% over the forecast period (2019 – 2027).
Figure 1. Global Kidney Dialysis Equipment Market Size and Forecast, US$ Million and Y-o-Y Growth (%), 2019–2027
Source: Coherent Market Insights Analysis (2019)
Increasing prevalence of chronic kidney diseases is expected to drive global kidney dialysis equipment market growth
Growing prevalence of CKD in geriatric population is one of the major factor, which is expected to support global kidney dialysis equipment market growth over the forecast period. A significant number of people in their old age are likely to suffer kidney failure. For instance, according to the National Center for Biotechnology Information (NCBI) in 2014, prevalence of CKD in Asia Pacific region among females is around 18.0%, for those aged 18-39 years, and it is around 24.2% in female population of age group of 60-70 years, which is expected to propel Asia Pacific kidney dialysis equipment market growth.
Moreover, according to Clinical Kidney Journal 2017, a study on CKD was carried out in Dorset County Hospital in Dorchester, England. The study for CKD stage 4 and 5 patients was carried out on total 124 patients above aged 80 years, among which 115 patients were suffering from stage 4 and 9 patients were at stage 5.
Geriatric population are more prone to various diseases due to reduced level of immunity and other comorbid disease conditions. Diabetes mellitus is a very common disorder that initiates several other health conditions. Kidney failure is one of the common health condition that occurs due to diabetes. Diabetic patients with improper treatment may develop abnormal functioning of kidney and in some cases there are chances of total failure of the organ. Increasing prevalence of diabetes may increase the chances of occurring CKD.
Increasing product launches is expected to drive global kidney dialysis market growth over the forecast period
Increase prevalence of kidney diseases is expected to drive demand of dialysis equipment, which encourages manufactures to launch new products. For instance, in January 2019, Fresenius Medical Care launched a 4008A dialysis machine.
Moreover, increasing demand for home care has led manufactures to focus on developing new and innovative dialysis equipment. For instance, in July 2019, CVS Health Corporation commenced clinical trial of its HemoCare Hemodialysis System, a dialysis machine that is developed in partnership with Segway designer Dean Kamen. The dialysis machine was developed for home care settings. This is expected to propel global kidney dialysis equipment market growth over the forecast period.
Global Kidney Dialysis Equipment Market-Regional Insights
Based on region, the global kidney dialysis equipment is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to hold dominant position in global kidney dialysis equipment market growth over the forecast period, owing to increasing incidence of chronic kidney disease (CKD) in the U.S. For instance, according to the Centers for Disease Control and Prevention (CDC) in 2019, 15% of the U.S. population is estimated to suffer from chronic kidney disease. According to the same source, women in the U.S. are more prone to chronic kidney disease compared to men.
Moreover, Europe is also expected to witness significant growth in the global kidney dialysis equipment market, owing to the presence of key players in the region such as Fresenius Medical Care, B. Braun Melsungen AG, and others. Companies are focused on developing products for CKD treatments this is expected to boost the Europe kidney dialysis equipment market growth.
Figure 2: Global Kidney Dialysis Equipment Market Share (%), By Region, (2019 & 2027)
Source: Coherent Market Insights Analysis (2019)
Key players are also focused on expanding their business by adopting various strategies such as acquisitions. For instance, in 2017, Fresenius Medical Care acquired 70% equity of the Kunming Wuhua Health Hospital (Wuhua Hospital) in China. This marks Fresenius Medical Care’s first joint venture in China for renal care services and chronic disease management.
Key players operating in the global kidney dialysis equipment market include 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.
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