Global Kidney Dialysis Equipment Market Is Estimated To Witness High Growth Owing To Technological Advancements And Rising Prevalence of Chronic Kidney Diseases

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Global Kidney Dialysis Equipment Market Is
Estimated To Witness High Growth Owing
To Technological Advancements And Rising
Prevalence of Chronic Kidney Diseases
The global Kidney Dialysis Equipment Market is
estimated to be valued at USD 20.12 billion
in 2023 and is expected to exhibit a CAGR of
5.50 over the forecast period 2023-2028, as
highlighted in a new report published by
Coherent Market Insights.
A) Market Overview
The Kidney Dialysis Equipment Market refers to
the devices and equipment used in the process of
dialysis, which is a life-sustaining treatment
for patients with end-stage renal disease or
chronic kidney disease. The market includes
various products such as hemodialysis machines,
peritoneal dialysis machines, dialyzers, access
devices, and consumables.
The demand for kidney dialysis equipment is
driven by the increasing prevalence of chronic
kidney diseases worldwide. According to the
National Kidney Foundation, it is estimated that
around 10 of the global population is affected
by chronic kidney disease. Additionally, the
rising geriatric population and the growing
number of patients suffering from diabetes and
hypertension further contribute to the market
growth.
B) Market Dynamics
1. Increasing prevalence of chronic kidney
diseases The rising incidence of chronic
kidney diseases is a major driver for the growth
of the kidney dialysis equipment market. Factors
such as
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unhealthy lifestyles, sedentary habits, and the
increasing geriatric population contribute to
the increasing prevalence of kidney diseases.
This creates a demand for dialysis equipment and
drives market growth.
2. Technological advancements in dialysis
equipment The continuous advancements
in technology have led to the development of more
advanced and efficient dialysis equipment. For
instance, the introduction of portable and
wearable dialysis machines has improved
patient convenience and mobility. These
advancements help in enhancing the efficiency and
effectiveness of dialysis treatment, thereby
driving market growth.
C) Market Key Trends
One key trend in the Kidney Dialysis Equipment
Market Growth is the increasing adoption of
home-based dialysis. Home-based dialysis
offers several advantages such as
increased convenience, cost-effectiveness, and
fewer visits to healthcare facilities. This trend
is driven by advancements in technology and the
availability of user-friendly dialysis machines.
For example, the development of peritoneal
dialysis machines that can be used at home has
increased the adoption of home-based dialysis.
D) SWOT Analysis
Strength 1. Technological advancements in
dialysis equipment These advancements improve
treatment outcomes and patient experience. 2.
Increasing prevalence of chronic kidney diseases
The rising incidence of kidney diseases creates
a growing demand for dialysis equipment.
Weakness 1. High cost of kidney dialysis
equipment The high cost of equipment and
treatment can limit access, especially in
developing regions. 2. Complications and risks
associated with dialysis treatment Patients
undergoing dialysis treatment are prone to
various complications and risks, which can impact
market growth.
Opportunity 1. Growing focus on preventive
healthcare Increasing awareness about kidney
diseases and the importance of early detection
and prevention create opportunities for market
growth. 2. Emerging markets in Asia Pacific and
Latin America These regions have a large
population base and increasing healthcare
expenditure, providing opportunities for market
expansion.
Threats 1. Availability of alternative
treatment options Advancements in renal
transplantation and regenerative medicine may
pose a threat to the demand for dialysis
equipment.
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2. Stringent regulatory requirements Regulatory
approvals and compliance can pose challenges for
market players.
E) Key Takeaways
- The global Kidney Dialysis Equipment Market is
expected to witness high growth, exhibiting
a CAGR of 5.50 over the forecast period, due to
increasing prevalence of chronic kidney diseases
and technological advancements in dialysis
equipment. - North America is projected to
dominate the market, driven by factors such as
advanced healthcare infrastructure, high
healthcare spending, and a large patient
population. - Key players operating in the global
Kidney Dialysis Equipment Market include
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.