Kidney Dialysis Equipment Market likely to grow at CAGR of 5.7% from assessed USThe market report “Global Kidney Dialysis Equipment Market 2018” offers vital insights on every market segment in terms of market size analysis for Industry across the different regions.
Global Kidney Dialysis Equipment Market – Overview
Every day, a healthy individual’s kidneys filter around 120 to 150 quarts of blood. If a person’s kidneys are not working efficiently, the waste gets accumulated in the blood. This may lead to coma and later death. Dialysis avoids the formation of waste products and toxins in the blood.
Dialysis machines are artificial kidneys used to filter patients’ blood during kidney damage, kidney dysfunction, kidney failure, and to remove excess impurities from kidneys. Dialysis machines use hemodialysis to purify the blood and balance the constituents.
In this course, the patient’s blood is distributed through the machine which is filtered and well-adjusted for pH electrolytes and fluid concentration before sending it back to the patient’s body. Dialysis machines have extensive applications such as directing medical help to patients suffering from renal diseases.
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Over the last decade, there had been many advances in renal dialysis equipment (both in portable and home dialysis machines), accessories, and consumables. According to the MRFR Research report, the global market for kidney dialysis equipment is likely to grow at a CAGR of 5.7% from an assessed USD 16.5 billion in 2017.
The development in this market is due to the rise in a number of End Stage Renal Disease Patients (ESRD), advanced technologies, and rise in cost-effective and accurate portable dialysis apparatus.
Global Kidney Dialysis Equipment Market - Key Players
Davita Healthcare Partners Inc., Fresenius Medical Care AG & Co. Ka, Baxter International Inc., Diaverum Deutschland GmbH, B. Braun Melsungen AG, Nipro Corporation, Nikkiso Co., Ltd., Nxstage Medical, Inc., Mar Cor Purification, Inc. (A Cantel Medical Company), Terumo Corporation, Asahi Kasei Medical Co., Ltd. (A Subsidiary of Asahi Kasei Corporation), Rockwell Medical, Hemoclean CO., LTD., and Teleflex Incorporated.
Kidney Dialysis Equipment Market – Segments
The global kidney dialysis equipment market has been segmented on the basis of type, apparatus, type, and end-user. On the basis of type, the market has been classified as hemodialysis, peritoneal dialysis, and Continuous Renal Replacement Therapy (CRRT).
Hemodialysis is segmented into conventional hemodialysis, short daily hemodialysis, and nocturnal hemodialysis. Peritoneal dialysis is segmented into Continuous Ambulatory Peritoneal Dialysis (CAPD), Continuous Cycling Peritoneal Dialysis (CCPD), Intermittent Peritoneal Dialysis (IPD), and Tidal Peritoneal Dialysis (TPD).
On the basis of apparatus type, the market has been classified into hemodialysis equipment, peritoneal dialysis equipment, and consumables and continuous renal replacement therapy systems. The hemodialysis equipment is segmented into hemodialysis machine, dialyzers and filters, bloodline system, concentrates and solutions, tunneled hemodialysis catheters, and vascular access devices.
The peritoneal dialysis equipment is segmented into concentrates and solutions, automated peritoneal dialysis machines, dialyzers, and filters. On the basis of end-user, the market has been classified into hospitals, clinics, in-center dialysis settings, home care, and ambulatory services.
Global Kidney Dialysis Equipment Market – Regional Analysis
According to a survey by the National Kidney Foundation (NKF), more than 2.0 million people across the world are undergoing the dialysis treatment due to kidney failure.
The Americas is projected to lead the kidney dialysis equipment market during the forecast period. The increasing prevalence of kidney failure drives the market of this region. Increasing cases of hypertension and diabetes and higher reusable income among the people drive the market growth.
Europe is projected to be the second largest market after North America owing to progressive organizations and advanced medical compensation.
The Asia-Pacific region has an unprecedented market potential due to rise in a number of cases of kidney failure, low rate of organ transplantation, the rise in disposable income, and presence of large elderly population.
The Middle East and Africa accounts for the least share due to stringent government policies and low per capita income.
Global Kidney Dialysis Equipment Market – Competitive Analysis
Kidney dialysis equipment market appears to be highly competitive with the presence of players operating at the international level.
Companies, such as Baxter International Inc. of the US and Fresenius Medical Care AG & Co. KGaA of Germany are predominantly leading the kidney dialysis equipment market holding a strong existence.
To maintain their market position, the Key companies operating in the kidney dialysis equipment market are embarking into new regions and countries with the rapid expansion plans.
To Get More Information :
https://www.medgadget.com/2018/12/kidney-dialysis-equipment-market-comprehensive-study-explores-huge-growth-by-top-10-international-players-up-to-2023.html
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