The dialysis industry is growing at a significant rate due to increase in the prevalence of organ failure, growing awareness in the field, and rise in adoption rate of dialysis. The dialysis industry encompasses various other industries, including medical devices and health care services. Medical devices include dialysis products and supplies, whereas health care services include dialysis services, which require skilled professionals to execute the process successfully. Kidney dialysis equipment refers to the medical devices that are used for eliminating wastes and unwanted water from the blood. They are used in case of patients with failed or damaged kidney. Various causes of kidney failure include diabetes, hypertension, malaria, glomerulonephritis, polycystic kidney disease, long-term exposure to lead, solvents and fuels, jaundice, over consumption of some medications, yellow fever, and others. On the basis of types, kidney dialysis equipment may be classified into hemodialysis and peritoneal dialysis. Two main principles of peritoneal dialysis are Continuous Ambulatory Peritoneal Dialysis (CAPD) and Continuous Cyclic Peritoneal Dialysis (CCPD). Kidney dialysis equipment may be used in dialysis centers, hospitals, or home care settings.
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North America, followed by Europe, dominates the global market for kidney dialysis equipment due to the presence of a large aging population and availability of better health care facilities in the region. In addition, there is a high prevalence of kidney diseases in the region. According to The Centers for Disease Control and Prevention (CDC), a public health institute in the U.S., in 2014, more than 20 million people suffered from chronic kidney diseases. Asia is expected to grow at a high rate in the next few years in the global kidney dialysis equipment market. China and India are expected to be the fastest growing markets for kidney dialysis equipment in Asia. Some of the key driving forces for the kidney dialysis equipment market in emerging countries are increasing R&D investment, presence of a large pool of patients, rising government funding, and growing level of awareness among people.
Diseases such as obesity accelerate the incidences of kidney failure. In addition, habits such as smoking lead to an increase in incidences of kidney failure. Increasing patient pool, rising awareness about treatment of kidney malfunction, and improved government funding are some of the key factors driving the global kidney dialysis equipment market. In addition, introduction of safer procedures for renal dialysis is driving the market. However, factors such as the high costs involved and lack of skilled professionals to carry out the process successfully, are restraining the growth of the kidney dialysis equipment market.
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Growing demographics and economies in developing countries, such as India and China, are expected to create good opportunities for the global kidney dialysis equipment market. The introduction of some new products with better efficiency is also expected to offer good opportunities for the global kidney dialysis equipment market. Rising number of mergers and acquisitions, new product launches, and increasing number of collaborations and partnerships are some of the latest trends that have been observed in the global kidney dialysis equipment market. Complications associated with kidney dialysis are a challenge for the market. Some of the key companies operating in the kidney dialysis equipment market are Baxter International, Inc., B. Braun Melsungen AG, Sorin Group, and Teleflex Medical. Other companies which have a significant presence in the kidney dialysis equipment market include DaVita, Inc., Nikkiso Co., Ltd., Rockwell Medical Technologies, Inc., Gambro AB, Fresenius Medical Care AG & Co. KGaA, Asahi Kasei Kuraray Medical Co., Ltd, NxStage Medical, Inc., Aksys Ltd., and Diaverum.
Key geographies evaluated in this report are:
- North America
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- Latin America
Key features of this report
- Drivers, restraints, and challenges shaping the Kidney Dialysis Equipment market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Kidney Dialysis Equipment market estimates and forecasts(2015 -2021)
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