An Incisive, In-depth Analysis on the Dialysis Equipment Market
This study offers a comprehensive, 360 degree analysis on the Dialysis Equipment market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Dialysis Equipment market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The dialysis equipment market is growing as the number of patients is increasing. The demand for cost-effective and portable dialysis equipment is also increasing since end user demand is high for low-cost dialysis equipment. Advanced technology in the medical industry is also boosting the dialysis equipment market. New product launches which are more accurate and portable are directly boosting the dialysis equipment market. Chronic kidney diseases may develop over many years and lead to end-stage kidney (or renal) disease (ESRD). This makes dialysis a necessity. Dialysis is a technique that is an alternative for numerous vital functions of the kidneys. Dialysis machines are used to filter a patient’s blood in a number of situations, including kidney damage, kidney failure, kidney dysfunction, and removing excess content of waste products or impurities from the kidneys. Peritoneal dialysis (PD) is a cure for patients with severe chronic kidney disease. Renal replacement therapy (RRT) is a therapy that replaces the normal blood-filtering function of the kidneys. CRRT is a dialysis modality used to treat critically ill, hospitalized patients in an intensive care unit who develop acute kidney injury (AKI).
Hemofilter Sets: Dialysis membranes need to be efficient at clearing waste, but must also be biocompatible with human blood. Compatibility means that exposure of blood to the dialysis membrane produces minimal adverse effects. Filter permeability is influenced by pore size, the number of pores, and the thickness of the membrane. Generally, high flux membranes which have more or larger pores allow more solutes and ultrafiltrate to move across the membrane. Thinner membranes offer less resistance to solute movement by decreasing the distance that the solute must travel across the membrane with also increased filtration.
Solution: Dialysate is the fluid that is pumped into the filter canister, surrounding the hollow fibers. The concentration of solutes in the dialysis fluid determines diffusion gradients. The removal of surplus solutes from the blood is achieved by infusing dialysate fluid that contains a lower solute concentration than the serum concentration (e.g. dialysate does not contain urea or creatinine).
Accessories: A dialysis catheter is used for switching blood to and from the hemodialysis machine to the patient. It contains two lumens: Venous and Arterial. Hemodialysis blood line catheters and systems have been particularly designed to connect exterior systems which extract a patient's blood to the dialyzer and then returns it from the dialyzer. These are made of medical grand polyvinyl chloride (PVC), a non-toxic material.
Market Value Forecast
The global dialysis equipment market has been estimated to be valued at US$ 14,783.7 Mn in 2018, and is expected to expand at a CAGR of 4.8% over the forecast period (2018–2028).
Growth of the global dialysis equipment market is mainly driven by the high prevalence of CKD, worldwide. The use of dialysis over kidney replacement, aging epidemiology, product innovation, and wide product portfolio drive market growth. Focus on patient-caregiver connectivity, though the global dialysis equipment market is expected to witness impressive growth over the forecast period. Healthcare laws and regulations are factors expected to hamper market growth over the forecast period.
Segmentation by Product
The global dialysis equipment market is segmented on the basis of product type into hemodialysis devices, peritoneal dialysis devices, continuous renal replacement therapy (CRRT), and consumables. In terms of value, the hemodialysis devices segment has been estimated to account for 60.4% share of the global dialysis equipment market by 2018, and is projected to register a healthy CAGR of 4.6% in terms of value over the forecast period. The continuous renal replacement therapy (CRRT) segment is expected to witness a growth rate of 6.8% during the forecast period. This growth is mainly attributed to the relatively less time for the suturing process as compared to the conventional approach.
Segmentation by Disease Condition
By disease condition, the global dialysis equipment market is segmented into chronic and acute. Among the disease condition segments, the chronic segment is expected to witness impressive growth during the forecast period.
Segmentation by End User
By end use, the global dialysis equipment market is segmented into hospitals, clinics, ambulatory surgical centers, and home care settings. The hospitals segment is expected to dominate the overall dialysis equipment market throughout the forecast period.
The global dialysis equipment market has been segmented on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).
In terms of market value, North America is projected to dominate the global dialysis equipment market in terms of revenue share throughout the forecast period. The foray of leading North American companies into the hemodialysis devices market over the last few years is a factor expected to boost overall sales of these devices in the region. APEJ and Japan are expected to witness significant growth during the forecast period. Significant investments in healthcare infrastructure, and increasing geriatric population in APEJ and Japan are factors expected to boost revenue growth of the dialysis equipment market in these regions.
This Future Market Insights report examines the ‘Dialysis Equipment Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028. The primary objective of the report is to offer updates and insights regarding various market opportunities in the global dialysis equipment market.
The dialysis equipment market is growing as the number of patients is increasing. The demand for cost-effective and portable dialysis equipment is also increasing since end user demand is high for low-cost dialysis equipment. Advanced technology in the medical industry is also boosting the dialysis equipment market. New product launches which are more accurate and portable are directly boosting the dialysis equipment market. Chronic kidney diseases may develop over many years and lead to end-stage kidney (or renal) disease (ESRD). This makes dialysis a necessity. Dialysis is a technique that is an alternative for numerous vital functions of the kidneys. To provide an accurate understanding and assess the opportunities in this market, the report is categorically split into four sections, namely: market analysis by product type, disease condition, end use, and region. The report analyses the global dialysis equipment market in terms of market value (US$ Mn).
The report starts with an overview of dialysis equipment and usage in applications in regions across the globe. In the same section, FMI covers the performance of the dialysis equipment market in terms of revenue. This section includes FMI analysis of key trends, drivers, and restraints from the supply side and demand side perspective.
The next section analyses the market based on product type, and presents the forecast in terms of value for the next 10 years. Product type segments covered in the report include:
Dialyzers and Filters
Vascular Access Devices
Peritoneal Dialysis Devices
Automated Peritoneal Dialysis Machine
Dialyzers and Filters
Vascular Access Devices
Continuous Renal Replacement Therapy (CRRT)
The next section analyses the market based on disease condition, and presents the forecast in terms of value for the next 10 years. Disease condition segments covered in the report include:
The next section analyses the market based on end-use segments, and presents the forecast in terms of value for the next 10 years. End-use type segments covered in the report include:
Ambulatory Surgical Centers
Home Care Setting
The next section analyses the market based on regions, and presents the forecast in terms of value for the next 10 years. Regions covered in the report include:
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
To arrive at market size, the report considers the average price of dialysis equipment across geographies. The forecast presented here assesses the total revenue of the dialysis equipment market. When developing the market forecast, the starting point is sizing the current market, which forms the basis for the forecast of how the market is anticipated to take shape in the near future. Given the characteristics of the market, we triangulated the outcome based on different analysis based on supply side, demand side, and GDP growth rate. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities, rather than rationalizing them after the forecast has been completed.
In addition, we have taken into consideration year-on-year growth to understand the predictability and identify the right opportunities across the market.
As previously highlighted, the dialysis equipment market is split into various segments based on region, product type, disease condition, and end use. All segments have been analyzed to understand an individual segment’s relative contribution to growth. This detailed level of information is important for the identification of many key trends in the dialysis equipment market.
Also, another key feature of this report is the analysis of the dialysis equipment market by region, product type, disease condition, and end use; revenue forecast in terms of absolute dollar value. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective.
Furthermore, Future Market Insights has developed a market attractiveness index for all four segments. This index helps in identifying the real opportunities available in the market.
In the final section of the report, the dialysis equipment market landscape is included to provide report audiences with a dashboard view, based on categories of providers across the market, presence in dialysis equipment product portfolio, and key differentiators.
Key players in the global dialysis equipment market include Baxter, Asahi Kasei Corporation, Fresenius Medical Care AG & Co. KGaA, Cantel Medical, Rockwell Medical, JMS Co. Ltd., Teleflex Incorporated, B. Braun Melsungen AG, NIPRO, HEMOCLEAN CO., LTD., Quanta, and Outset Medical, Inc.
Dialysis Equipment Market Reports - Table of Contents
14. Forecast Factors: Relevance and Impact
15. Forecast Assumptions
16. Assumptions and Acronyms Used
23. Research Methodology