Kidney Dialysis Equipment Market Revenue Growth Predicted by 2024

Kidney Dialysis Equipment Market To Witness Widespread Expansion During 2024

Global Kidney Dialysis Equipment Market, By Equipment (Hemodialysis, Peritoneal dialysis, Continuous renal replacement therapy (CRRT)), End User (Home Care Settings, In-Clinics/Dialysis Centers), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2024

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). 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.

Ask For a Sample Copy of This Business Report : https://www.coherentmarketinsights.com/insight/request-sample/222 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.

Market Dynamics 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.

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 comorbid 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.

Key companies covered as a part of this study include Baxter International, Inc., Fresenius Medical Care AG & Co., Nipro Corporation, B. Braun Melsungen, Nikkiso Co, Ltd., Asahi Kasei Corporation and NxStage Medical, Inc.

Detailed Segmentation: •Global Kidney Dialysis Equipment Market, By Equipment: •Hemodialysis •Machines •Dialyzers •Bloodlines •Concentrates and dialysis solutions •Others (Water treatment systems, accessories) •Peritoneal dialysis •Machines •Dialysates •Catheters •Transfer sets

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. Click To Read More On Kidney Dialysis Equipment Market.

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