The Global Market for Kidney Dialysis Equipment and Supplies is Projected to Reach US$18 Billion by 2020
Growing Pool of ESRD Patients Drives the Global Kidney
Dialysis Equipment and Supplies Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Kidney Dialysis Equipment and Supplies market. The
global market for Kidney Dialysis Equipment and Supplies is projected to reach US$18
billion by 2020, bolstered by the growing number of ESRD patients requiring
dialysis therapy, growing awareness about the disease and therapy modalities, improving
access to dialysis centers and treatment, and technological advancements.
End-Stage Renal Disease (ESRD), the last
stage of Chronic Kidney Disease (CKD), ranks among the top ten causes of death
globally. The global ESRD patient pool is expanding steadily, spurred by the growing prevalence of lifestyle diseases, such as
diabetes and hypertension. Aging population and longer life expectancies are additionally
aggravating the prevalence scenario. Given the growing lag between the number
of kidney donors and potential kidney transplant recipients, dialysis remains
the primary treatment available to patients with renal failure and kidney
diseases. Broader medical insurance coverage and favorable reimbursement
scenario have hitherto been major market growth catalysts in developed
countries, and lack of the same continues to constrain growth in developing
economies. However, the kidney dialysis equipment and supplies market in North
America and Europe is coming under pressure from tightening healthcare budgets
as reflected by the recent changes made by the US Centers for Medicare &
Medicaid Services (CMS) in the ESRD payment bundle and the ESRD QIP for 2016,
and the reimbursement cuts proposed by the NHS England in its National Tariff
Payments System in 2015.
Hemodialysis
equipment and supplies dominate the bulk of the kidney dialysis equipment
and supplies market in revenue terms, owing to the large number of operational
HD centers, high familiarity with the HD procedure among healthcare providers,
availability of reimbursement, and availability of a wide range of products
that meet the reimbursement criteria of each geographic region. The Peritoneal
Dialysis equipment and supplies market is poised to record the fastest CAGR
during the analysis period, owing to the convenience of the self-administrable
and needle-less procedure, as well as the potential for improved patient
outcomes. The growing demand for home-based care and the increasing use of Automated
Peritoneal Dialysis (APD) is expected to fuel growth in the domestic PD market.
Increasing awareness about PD, the rising cost of HD treatment at dialysis
facilities, and the development of innovative instruments and protocols are
expected to drive the PD market to new heights.
As stated by the new
market research report on Kidney
Dialysis Equipment and Supplies, Europe and the U.S. are the largest markets
worldwide. The dominance of these two markets is supported by the presence of a
large number of dialysis patients, high adoption of new technologies, easy access
to dialysis facilities, and availability of medical reimbursement. Asia-Pacific
ranks as the fastest growing market with a CAGR of 9.9% over the analysis
period, led by ballooning population, large base of untreated ESRD patients, increasing
awareness among patients about various dialysis treatment modalities, rising healthcare
spending, and improving access to dialysis centers.
Major players in the
market include Asahi Kasei Medical Co., Ltd., Baxter International Inc., B.
Braun Melsungen AG, DaVita Kidney Care, Diaverum, Fresenius Medical Care AG
& Co. KGaA, Fresenius Medical Care North America, JMS Co. Ltd., Kawasumi
Laboratories, Medical Components, Inc., Medivators, Inc., Nikkiso Group, Nipro
Diagnostics Inc., NxStage Medical, Inc., Rockwell Medical Technologies Inc.,
Teleflex Medical, Terumo Corporation, Toray Medical Co. Ltd.
The research report titled
“Kidney
Dialysis Equipment and Supplies: A Global Strategic Business Report”
announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers,
acquisitions and other strategic industry activities of global companies. The report provides market estimates and
projections for all major geographic markets, such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe),
Asia-Pacific (China, India, and Rest of Asia-Pacific), The Middle East &
Africa, Latin America (Brazil, and Rest of Latin America). Key segments
analyzed include Hemodialysis (Hemodialysis Machines, Blood Pumps, Hemodialysis
Catheters, Dialyzers, Dialysates, Hemodialysis Tubing Kits, and Others) and
Peritoneal Dialysis (Peritoneal Dialysis Cycler Machines, Peritoneal Tubing
Kits, Dialysates, and Peritoneal Catheters).
Global Industry Analysts, Inc. 6150 Hellyer
Ave., San Jose CA 95138, USA, All Rights Reserved.
R P stone clinic provides the Best kidney stone treatment. Ranks one of the top kidney & urology hospital in India. For more details on Best Treatment For Kidney Stones visit the website.
ReplyDelete