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According to a study by the Centers for Disease and Prevention (CDC), around 30 million people in the U.S. were suffering from chronic kidney diseases in 2017. The rising prevalence of kidney diseases is the chief factor driving the global hemodialysis equipment market. Fortune Business Insights in a new report, titled “Hemodialysis Equipment: Global Market Analysis, Insights and Forecast, 2018-2025” entails the hemodialysis equipment market analysis and trends prevailing in the market. Hemodialysis, also referred to as artificial kidney helps to filter out excess fluid and toxins from the blood.
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Analysts in the report found that the global hemodialysis equipment market was valued at US$11,471.6 Mn in the year 2017 and is anticipated to be worth US$ 16,321.6 Mn by 2026. Further to this, the global market for hemodialysis equipment is expected to rise at a CAGR of 4.5% during the forecast period.
As per the National Kidney Foundation report 2016, more than 1 lakh patients are awaiting kidney transplants in the U.S. This shortage for kidney transplants act as a potential growth trigger in the market. This shows that the hemodialysis equipment market scope is likely to increase
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Some of the Main Key Players Covered in the hemodialysis equipment market Report
Increasing RandD Investment in Asia Pacific Catapults it to the Market’s Forefront
In 2017, the market in Asia Pacific was valued at US$ 4,301.9 Mn and is anticipated to maintain its dominance through the forecast years. The region is observing that the needs of ESRD patients aren’t met owing to the poor accessibility, especially in developing countries. Against this backdrop, the hemodialysis equipment market potential is likely to increase in Asia Pacific.
The rising prevalence of kidney diseases and ESRD, especially in India and China, is likely to increase the hemodialysis equipment market revenue by 2025. The huge gap between existing infrastructure and large population will create ample growth opportunities for the market in Asia Pacific.
Key Segmentation of hemodialysis equipment market:
By End User
These machines offer better and comfortable patient experience. For instance, NxStage Medical’s NxStage-System One dialysis machine is simple to use and easy to set up. Furthermore, it is easy to transport as patients can take it along anywhere they go. Quanta launched a personalized home hemodialysis equipment called SC+ in 2017. This machine can be used in clinics as well as homes with improved ergonomics.
Fresenius Medical Care announced the launch of an advanced hemodialysis machine called 4008A in January 2019. The machine was launched in India, is enabled with an improved blood filtration technology. Also, the machine is available at lower rates. As a result of these initiatives, the company is leading and holds a major share in the global market. This company, together with Baxter International, presently covers the majority share in the global hemodialysis equipment market.
TOC Followed by:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4.1. Global Prevalence of CKD (2016)
4.2. Global Prevalence of treated End-stage Renal Disease (2016)
4.3. Estimated Number of Patients on HD vs PD (2017)
4.4. Overview of Major Dialysis Services Providers (2017)
4.5. Number of Nephrologists (2016)- Key Countries
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