Kidney Dialysis Equipment Market Overview
Market
Research Future (MRFR) presumes that The kidney
dialysis equipment market is expected to reach USD 1,761
Million by 2030 at 6.80% CAGR during the forecast period 2022-2030. We will
provide COVID-19 impact analysis with the report, along with an in-depth review
post the coronavirus disease outbreak.
Top Drivers and Barriers
Kidney
dialysis equipment’s demand at present is at an all-time high, given the
escalating number of SARS-CoV-2 patients needing dialysis treatment, which is
anticipated to inevitably induce market growth. The COVID-19 outbreak has
turned into a full-blown pandemic and to curb its spread, a worldwide lockdown
has been imposed. However, this lockdown has led to equipment shortage coupled
with supply chain disruptions, which has slowed down the market demand to some
extent. Various other medical resources are also experiencing scarcity, with
maximum focus of the healthcare sector on the novel coronavirus. But,
conservation of essential lifesaving machines such as kidney dialysis equipment
is fast gaining focus and the need to bridge the demand and supply gap is being
prioritized across the world.
A few
upcoming modern technologies such as machine learning, robotics and artificial
intelligence are proving to be excellent opportunities for kidney dialysis
therapy. Advancing researches in tissue engineering and regenerative medicine
fields to offer alternative cell-based treatment option for kidney failure also
seem to be working in the market’s favor. Another interesting development in
the market is the growing demand for implantable artificial kidneys and
wearable artificial kidneys, along with a surge in extensive research in this
regard. Personalized dialysis treatment has also garnered a lot of attention in
the healthcare sector, with leading providers working on bringing forth
affordable and scalable solutions in the market.
The kidney
dialysis equipment market has been observing an onslaught of new and advanced
technologies, with greater emphasis on innovation. Many of these innovations
are the outcome of the rising efforts be reputed companies like Baxter,
Fresenius Medical Care, to mention a few.
To
illustrate, in September 2020, Outset Medical/OM created an advanced kidney
dialysis device called Tablo, a mobile haemodialysis equipment for home and
institutional use. The equipment caters to patients suffering from chronic and/or
acute kidney failure. Since the COVID-19 impact on kidney dialysis patients has
been severe, the company launched the new device for home care settings,
preventing the need for hospital visits.
Kidney Dialysis Equipment Market Top Industry Participants
The kidney
dialysis equipment market players includes
Teleflex Incorporated, Terumo Corporation, Asahi Kasei Medical Co., Ltd. (A
Subsidiary of Asahi Kasei Corporation), Nxstage Medical, Inc., Nipro
Corporation, Davita Healthcare Partners Inc., Baxter International Inc.,
Diaverum Deutschland GmbH, Nikkiso Co., Ltd., Fresenius Medical Care AG &
Co. Ka, Rockwell Medical, Hemoclean CO., LTD, B. Braun Melsungen AG, Mar Cor
Purification Inc. (A Cantel Medical Company), to name a few.
Kidney Dialysis Equipment Market Segmentation
The kidney
dialysis equipment market can be considered for type, apparatus type along
with end-user.
The
primary types of kidney dialysis equipment in the market
include peritoneal dialysis, Continuous Renal Replacement Therapy (CRRT) and
hemodialysis.
Depending
on apparatus type, the market can be split into peritoneal
dialysis equipment, consumables and continuous renal replacement therapy
systems and hemodialysis equipment.
Some of
the key end-users analyzed in the report are clinics,
hospitals, home care, ambulatory services and in-center dialysis settings.
Kidney Dialysis Equipment Market Regional Outlook
With
respect to region, the global market has been studied extensively on the basis
of the Americas, APAC/Asia Pacific, MEA/Middle East and Africa as well as
Europe.
The kidney
dialysis equipment market in the Americas is all set to expand to the biggest
size in the coming years, largely due to the high uptake of advanced
technologies in the healthcare industry. Most of the key manufacturers in the
region are introducing peritoneal dialysis and specialized hemodialysis
machines to enhance the end-user experience and boost their profit margins. The
massive surge in public healthcare spending along with the mounting number of
awareness programs with regard to kidney dialysis can be favorable for the
American market in the long run.
However,
the APAC market is slated to give tough competition to the American market in
the near future, and advance at an impressive rate. A majority of the regional
manufacturers are fortifying their efforts to develop cost-effective yet
advanced products, bolstering their rivalry with global players. Sensing the
significant growth potential of the region, a number of world-renowned
companies are striving to enter the virgin market and capture maximum portion.
This could work in the APAC market’s favor during the conjectured period.
Australia, Japan, India, China and New Zealand are some of the promising
markets in the region, thanks to the fast economic growth and the increasing
purchasing power of people boosting the demand for kidney dialysis equipment.
Related
Reports-
No comments:
Post a Comment