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.
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.
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.
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:
“*” marked represents similar segmentation in other categories in the respective section