SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global kidney dialysis equipment market was valued at US$ 16,874.5 million in 2018, and is expected to exhibit a CAGR of 6.6% over the forecast period (2019–2027).
Key players are focusing on product launches to expand their product offerings, which is expected to drive global kidney dialysis equipment market growth over the forecast period. For instance, in May 2017, Baxter International Inc., launched new version of AK 98 hemodialysis (HD) system for patients. It is designed to help healthcare providers to offer treatment for kidney diseases.
Governments of individual countries are focused on taking initiatives for patients to provide financial assistance and helps in healthcare spending that is expected to drive the global kidney dialysis equipment market growth. For instance, in October 2019, Centers for Medicare & Medicaid Services (CMS), a part of the U.S. Department of Health and Human Services has finalized five health payment rules and models for kidney care (including home dialysis, hospital dialysis, and transplantation cost). It covers patient treatment cost for home based and hospital based treatments and also covers cost of professional services such as nursing, patient education and training, and patient monitoring.
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Furthermore, increasing demand for kidney dialysis equipment influences manufactures to expand their product portfolio and offerings, which is expected to propel demand for kidney dialysis equipment. For instance, in February 2019, the U.S. Federal Trade Commission (FTC) approved US$ 2 billion merger between Fresenius Medical Care AG & KGaA and hemodialysis machine manufacturer NxStage Medical Inc., this merger will thwart other competitors from entering the home hemodialysis market.
Restraints of Global Kidney Dialysis Equipment Market
The factors restraining global kidney dialysis equipment market include the need of regular maintenance of dialysis equipment and side effects of dialysis fluid. For instance dialysis fluid used in peritoneal dialysis can reduce protein levels in patients, which can lead to loss of energy and in rare cases, malnutrition. Moreover, weight gain is one of the side effects of dialysis fluid.
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Key Market Takeaways:
- The market is expected to exhibit a CAGR of 6.6% over the forecast period (2019–2027). Owing to increase in product launches, approvals of kidney dialysis products, and increasing demand for dialysis due to high prevalence of CKD. For instance, in July 2019, Fresenius Medical Care Korea launched Sleep Safe harmony device an automatic peritoneal dialysis device.
- Increasing prevalence of chronic kidney disease (CKD) is expected to increase demand for dialysis equipment, which is further expected to increase demand of hemodialysis and peritoneal dialysis products.
- Key players are also focused on expanding their product portfolio by adopting strategies such as mergers and acquisitions to strengthen their position in the market and expand their product offerings. For instance Fresenius Medical Care acquired NxStage Medical Inc. in 2019.
- Key players operating in the global kidney dialysis equipment market include Fresenius Medical Care AG & Co, Baxter International, Inc., Nipro Corporation, B. Braun Melsungen, Nikkiso Co, Ltd., Asahi Kasei Corporation, NxStage Medical, Inc., Guangdong BioLight Meditech Co., Ltd, Dialife SA, and DaVita Inc.
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Global Kidney Dialysis Equipment Market, By Equipment:
- Hemodialysis Machines
- Peritoneal Dialysis Machines
- Continuous Renal Replacement Therapy (CRRT)
Global Kidney Dialysis Equipment Market, By End User:
- Home Care Settings
- Dialysis Centers
- Hospitals & Clinics
Global Kidney Dialysis Equipment Market, By Region:
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Latin America
- Rest of Middle East
- Central Africa
- South Africa
- North Africa
- North America
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