Kidney Dialysis Equipment Market Overview

Market Research Future (MRFR) presumes that The kidney dialysis equipment market is expected to reach USD 1,761 Million by 2030 at 6.80% CAGR during the forecast period 2022-2030. We will provide COVID-19 impact analysis with the report, along with an in-depth review post the coronavirus disease outbreak.

Top Drivers and Barriers

Kidney dialysis equipment’s demand at present is at an all-time high, given the escalating number of SARS-CoV-2 patients needing dialysis treatment, which is anticipated to inevitably induce market growth. The COVID-19 outbreak has turned into a full-blown pandemic and to curb its spread, a worldwide lockdown has been imposed. However, this lockdown has led to equipment shortage coupled with supply chain disruptions, which has slowed down the market demand to some extent. Various other medical resources are also experiencing scarcity, with maximum focus of the healthcare sector on the novel coronavirus. But, conservation of essential lifesaving machines such as kidney dialysis equipment is fast gaining focus and the need to bridge the demand and supply gap is being prioritized across the world.

A few upcoming modern technologies such as machine learning, robotics and artificial intelligence are proving to be excellent opportunities for kidney dialysis therapy. Advancing researches in tissue engineering and regenerative medicine fields to offer alternative cell-based treatment option for kidney failure also seem to be working in the market’s favor. Another interesting development in the market is the growing demand for implantable artificial kidneys and wearable artificial kidneys, along with a surge in extensive research in this regard. Personalized dialysis treatment has also garnered a lot of attention in the healthcare sector, with leading providers working on bringing forth affordable and scalable solutions in the market.

The kidney dialysis equipment market has been observing an onslaught of new and advanced technologies, with greater emphasis on innovation. Many of these innovations are the outcome of the rising efforts be reputed companies like Baxter, Fresenius Medical Care, to mention a few.  To illustrate, in September 2020, Outset Medical/OM created an advanced kidney dialysis device called Tablo, a mobile haemodialysis equipment for home and institutional use. The equipment caters to patients suffering from chronic and/or acute kidney failure. Since the COVID-19 impact on kidney dialysis patients has been severe, the company launched the new device for home care settings, preventing the need for hospital visits.

Kidney Dialysis Equipment Market Top Industry Participants

The kidney dialysis equipment market players includes Teleflex Incorporated, Terumo Corporation, Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Nxstage Medical, Inc., Nipro Corporation, Davita Healthcare Partners Inc., Baxter International Inc., Diaverum Deutschland GmbH, Nikkiso Co., Ltd., Fresenius Medical Care AG & Co. Ka, Rockwell Medical, Hemoclean CO., LTD, B. Braun Melsungen AG, Mar Cor Purification Inc. (A Cantel Medical Company), to name a few.

Kidney Dialysis Equipment Market Segmentation

The kidney dialysis equipment market can be considered for type, apparatus type along with end-user.

The primary types of kidney dialysis equipment in the market include peritoneal dialysis, Continuous Renal Replacement Therapy (CRRT) and hemodialysis.

Depending on apparatus type, the market can be split into peritoneal dialysis equipment, consumables and continuous renal replacement therapy systems and hemodialysis equipment.

Some of the key end-users analyzed in the report are clinics, hospitals, home care, ambulatory services and in-center dialysis settings.

Kidney Dialysis Equipment Market Regional Outlook

With respect to region, the global market has been studied extensively on the basis of the Americas, APAC/Asia Pacific, MEA/Middle East and Africa as well as Europe.

The kidney dialysis equipment market in the Americas is all set to expand to the biggest size in the coming years, largely due to the high uptake of advanced technologies in the healthcare industry. Most of the key manufacturers in the region are introducing peritoneal dialysis and specialized hemodialysis machines to enhance the end-user experience and boost their profit margins. The massive surge in public healthcare spending along with the mounting number of awareness programs with regard to kidney dialysis can be favorable for the American market in the long run.

However, the APAC market is slated to give tough competition to the American market in the near future, and advance at an impressive rate. A majority of the regional manufacturers are fortifying their efforts to develop cost-effective yet advanced products, bolstering their rivalry with global players. Sensing the significant growth potential of the region, a number of world-renowned companies are striving to enter the virgin market and capture maximum portion. This could work in the APAC market’s favor during the conjectured period. Australia, Japan, India, China and New Zealand are some of the promising markets in the region, thanks to the fast economic growth and the increasing purchasing power of people boosting the demand for kidney dialysis equipment.

Related Reports-

Wound Dressing Market

Dental Laboratories Market

Dental Regeneration Market

Gene Sequencing Market

Induced Pluripotent Stem Cells Market