Kidney Dialysis Equipment Market to Grow at Highest Pace Owing to Rising Prevalence of Kidney Diseases

Pharmaceuticals
Sachin CMI's picture

Kidney dialysis equipment is used to filter waste products from the blood of patients with impaired or damaged kidney function. Dialysis machines, dialyzers, bloodlines, and dialysate are some of the key products used in kidney dialysis. The growing burden of chronic kidney disease and end-stage renal disease across the globe has increased the demand for dialysis therapy. As per estimates, around 2 million people suffer from end-stage renal disease, with shortage of organs for transplantation driving the need for long-term dialysis treatment. Additionally, technological advancements such as home hemodialysis have made dialysis treatment more convenient.

The Global Kidney Dialysis Equipment Market is estimated to be valued at US$ 16,874.5 Mn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030.

Key Takeaways
Key players operating in the kidney dialysis equipment are 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. Major players are focusing on expanding their product portfolio and geographical presence through mergers and acquisitions. For instance, in 2022, Fresenius Medical Care acquired 96.7% stake in PT IndoFirst Medika to expand its dialysis services in Indonesia.

The growing demand for home dialysis therapy is expected to drive the demand for small and portable dialysis equipment. Technological advancements have enabled the development of compact peritoneal dialysis cyclers and home hemodialysis machines that can be easily operated from home. According to estimates, around 12-15% of dialysis patients in developed countries undergo home dialysis currently.

Market Trends
The increasing popularity of peritoneal dialysis (PD) is one of the key trends in the kidney dialysis equipment market. PD offers benefits such as improved quality of life, increased mobility, and the ability to self-administer therapy at home or work. With rising focus on home-based therapies, PD is expected to account for a larger share of the renal replacement market.

Market Opportunities
One of the major opportunities lies in growing demand from developing regions owing to increasing prevalence of renal disorders. Countries in Asia Pacific and Latin America present high growth prospects supported by rising healthcare investments, growing dialysis infrastructure, and expanding patient pools.

GEOGRAPHICAL CONCENTRATION OF KIDNEY DIALYSIS EQUIPMENT MARKET

In terms of value, North America dominates the kidney dialysis equipment market, accounting for the largest share. The region is expected to generate over US$ 6 billion in revenues by 2024 attributed to the growing prevalence of chronic kidney diseases, increasing aging population, rising healthcare spending, and presence of leading industry players in the region. Within North America, the United States represents the major market supported by well-developed reimbursement structure and widespread acceptance of dialysis as standard treatment option for renal failure patients. Asia Pacific is poised to be the fastest expanding market during the forecast period, expanding at a CAGR of around 8%. This can be accredited to vast patient pool, increasing healthcare investments, and growing awareness about kidney diseases in developing Asian countries.

FASTEST GROWING REGION IN KIDNEY DIALYSIS EQUIPMENT MARKET

The Asia Pacific market for kidney dialysis equipment is anticipated to demonstrate the highest growth rate during the forecast period. Factors such as rising prevalence of diabetes and hypertension, growing geriatric population, improving healthcare infrastructure, and increasing funding for dialysis services from public as well as private organizations are anticipated to drive the kidney dialysis equipment demand in Asia Pacific.