The Global Market for Kidney Dialysis Equipment and Supplies is Projected to Reach US$24.1 Billion by the year 2024

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$24.1 billion by the year 2024, driven by the growing number of ESRD patients requiring dialysis therapy, rising awareness about kidney disease and therapy modalities, improving access to dialysis treatment, and technological advancements.

Dialysis is a clinically-guided process through which filtration of waste materials present in the blood is performed with the help of specially designed equipment. Blood filtration is generally carried out by kidneys, however due to impairment or failure of kidneys, the function has to be done with the aid of dialysis equipment. Sharp increase in the number of patients suffering from End-Stage Renal Disease (ESRD) and Chronic Kidney Disease (CKD) and subsequent rise in demand for dialysis treatment is generating sustained demand for equipment and supplies utilized in kidney dialysis. Hospitals and other care facilities are procuring large volumes of equipment & supplies to address the treatment needs of growing dialysis patient population. While such demand remains higher in the developed regions including the US, Canada, Japan and Europe, developing regions are also seen exhibiting growing demand on the back of rising awareness about the kidney disease and therapy modalities.

Demand continues to increase for equipment utilized in both the types of dialysis procedures - Hemodialysis (HD), the widely used method mainly intended for ESRD patients, and Peritoneal Dialysis (PD), designed for renal failure patients that can also function as the alternative to HD method. Consequently, sales of hemodialysis machines, blood pumps, catheters, dialyzers, dialysates and hemodialysis tubing kits, intended for HD treatment; and cycler machines, tubing kits, dialysates and catheters intended for PD treatment are growing. Technological improvements are also aiding the market expansion. Modern equipment are being made available in compact, portable and wearable versions, with full support for home dialysis and nocturnal dialysis methods. Enhanced use of digital technologies and integration of innovative components to further improve the efficacy and quality of dialysis treatment are infusing new momentum in to the market.

As stated by the new market research report on Kidney Dialysis Equipment and Supplies, the US constitutes the largest market worldwide, supported by the presence of a large number of dialysis patients, high adoption of new technologies, easy access to dialysis facilities, and favorable medical reimbursement policies. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.2% over the analysis period, driven by 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., B. Braun Melsungen AG, Baxter International Inc., 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, Rockwell Medical Technologies Inc., Teleflex Medical, Terumo Corporation, Toray Medical Co. Ltd., and Trividia Health among others.

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).

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
To connect with us, visit our LinkedIn page.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing 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 Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring 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 Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more