Renal Dialysis Equipment Market is projecting growth at a rate of 5.12% over the forecast period
2019 research work on renal dialysis equipment market includes a detail analysis on market growth, key drivers and trends, prospective developments, competitive outlook, and regional analysis. The segmented presentation on renal dialysis equipment market outlook includes trending types and products with key end users across prominent regions.
Key drivers shaping the renal dialysis equipment market size over the foreseen period
The increasing chronic kidney diseases, in particular patients diagnosed with ESRD are among the major factor driving the renal dialysis equipment market growth. Further, historic growth resulting in the growing aging population, chronic prevalence of diseases such as diabetes mellitus and hypertension are the leading causes of kidney diseases and kidney failure.
Trending types and end users leveraging the renal dialysis equipment market value
Based on types, market is analysed as primary dialysis and secondary dialysis which are further trifurcated into haemodialysis, haemofiltration and peritoneal dialysis. Secondary dialysis is further bifurcated into hemodiafiltration and intestinal dialysis
The prevalent dialysis product types are haemodialysis and peritoneal dialysis and according to recent statistics of the patients treated by dialysis, over 383,900 receive haemodialysis.
By End User Industry, the market is studied across hospital care, Home care. As per 2018 statistics, leading dialysis providers in the U.S. were using home dialysis, for instance, Fresenius Medical Center North America had almost 22,000 home dialysis patients.
Epidemic prevalence of ESRD projects renal dialysis equipment market growth
By 2030, current projections reveal that the global population of ESRD patients living on dialysis may exceed 2 million.
The number of ESRD patients is growing rapidly in developed and developing countries. Accordingly, ESRD and other chronic kidney disease rates are on a rise in the U.S population attributed by growth in aging, obesity, and hypertension.
With high prevalence of ESRD patients in Japan, China, India and South Korea, Malaysia and Palestine, Asia Pacific is expected to be the fastest emerging renal dialysis equipment market.
Constant innovation, R&D developments, and acquisitions by key companies outpaces overall renal dialysis equipment market growth
Recently, Allmed Medical Care Holdings Limited, designed NIDUS® Infant haemodialysis system to clear solutes and fluids of the blood in babies weighing from 800g up to 8kg.
In 2018, Fresenius Medical Care AG & Co announced multi-acquisitions including two 70 percent stakes in hospitals in China, Sichuan Province and the addition of several renal hospitals and dialysis centres in Quanzhou. Request sample
Competitive players across the renal dialysis equipment market