July 21, 2024

Kidney Dialysis Equipment Market is Expected to be Flourished by Increasing Incidence of Kidney Diseases

Kidney dialysis equipment include hemodialysis machines, dialyzers, bloodline sets, dialysis fluids, concentrates, and dialysis catheters. Hemodialysis machines act as an artificial replacement for kidney function in patients suffering from end-stage renal disease. These machines help filter waste and excess fluid from the blood along with balancing vital electrolyte levels. Dialyzers are also called artificial kidneys which helps cleanse the blood in case of kidney failure. Bloodline sets contain tubing and allow transferring of patient’s blood to and from the dialyzer.

The global kidney dialysis equipment market is estimated to be valued at US$ 16,874.5 Mn 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 Dynamics:
Increasing incidence of chronic kidney diseases is expected to drive the kidney dialysis equipment market growth over the forecast period. As per the Global Burden of Disease (GBD) study, chronic kidney diseases accounted for around 1.2 million deaths globally in 2017. Risk factors associated with chronic kidney diseases include diabetes, high blood pressure, cardiovascular disease, obesity, smoking, aging, family history, etc. According to the American Diabetes Association, around 37 million people in the U.S. suffer from diabetes out of which nearly 40% are vulnerable to developing kidney diseases due to uncontrolled blood sugar levels.

Another key driver of the market is technological advancements in dialysis products. Major players are focusing on developing innovative dialysis systems integrated with data management tools which can effectively monitor treatment parameters and recognize problems early. For instance, in June 2020, Fresenius Medical Care launched Fresenius Medical Care Venyze, a hemodialysis machine integrated with advanced analytics and connectivity capabilities to improve patient outcomes. Such innovations are expected to boost adoption and drive the kidney dialysis equipment market growth over the forecast period.
Segment Analysis

The kidney dialysis equipment market is dominated by the hemodialysis segment. Hemodialysis equipment accounts for over 90% of the total market share as it is the most commonly used treatment for patients suffering from end stage renal disease. Hemodialysis allows impurities and excess fluid to be filtered out of the blood through an external dialyzing fluid called dialysate using a machine. It is done 3-4 times a week for a period of 3-5 hours per session.

PEST Analysis
Political: Governments across countries are focusing on raising awareness about kidney diseases and increasing screening to detect cases early. They are also introducing favorable reimbursement policies to make treatment more affordable.
Economic: Rising healthcare expenditure and improving access to insurance coverage are driving the growth of the kidney dialysis equipment market. Growing prevalence of kidney failure due to obesity, diabetes, and hypertension is increasing the economic burden.
Social: Lifestyle changes such as unhealthy diets, physical inactivity, and alcohol consumption have led to a surge in cases of chronic kidney diseases. Social support organizations are playing a role in offering emotional support and improving quality of life of patients.
Technological: Companies are focusing on developing compact portable dialysis machines and home hemodialysis systems for improved patient comfort and convenience. New sorbent-based dialysis and wearable artificial kidneys are some of the emerging technologies.

Key Takeaways
The global kidney dialysis equipment market is expected to witness high growth over the forecast period.Regional analysis: North America held the largest share of over 40% of the global kidney dialysis equipment market in 2023 due to the rising prevalence of diabetes and hypertension. Availability of advanced dialysis equipment coupled with strong reimbursement policies encourages the adoption of expensive treatments in the region. Asia Pacific is expected to witness the fastest growth during the forecast period driven by growing geriatric population, increasing healthcare spending, and improving access to healthcare facilities.

Key players: Key players operating in the kidney dialysis equipment market are 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. Fresenius Medical Care captured over 30% of the global market share in 2023 owing to its wide geographic presence and diversified product portfolio.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research

2. We have leveraged AI tools to mine information and compile it