The global Dialysis Device and Concentrates market revenue is expected to generate an absolute dollar potential by 2022, with a valuation of around US$ 20,858.0 Million, surpassing an estimate of US$ 33,583.3 Million by 2032. The global Dialysis Device and Concentrates market was expected to grow at an 8.4% CAGR from 2016 to 2021, according to historical projections.
Dialysis is an alternate treatment for impaired or lost kidney function. renal function damage can be caused by either acute renal injury or chronic kidney disease. Urinary infections, diabetes, and hereditary kidney illnesses are some of the most prevalent causes of kidney disease. The Dialysis Device and Concentrates market is experiencing substantial expansion as the prevalence of renal illnesses rises.
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Dialysis is classified into two types: peritoneal dialysis (PD) and hemodialysis (HD). It is a dialysis method that is often used to treat circulating blood in the dialysis machine. When blood passes through a dialyzer, it is automatically cleaned, and waste products are diffused in dialysis concentrate.
Key Takeaways
- Dialysis machines and accessories are routinely used for artificial blood purification in the last stages of renal illness as well as in acute kidney injury. Dialysis can be performed in both dialysis centres and at home. Dialysis is well known for providing a remedy to renal failure by artificially purifying blood. Patients with renal failure have increased in recent years, resulting in an increase in the use of dialysis machines and concentrates in order to live a sustainable life.
- The increase in patients suffering from hypertension and diabetes is one of the factors driving the growth of the global dialysis device and concentrate market. Furthermore, the growing number of patients with end-stage renal disease is driving market growth.
- The Dialysis Device and Concentrates market is expected to grow due to technological advancements in the healthcare sector and several other factors such as patients’ negligible preference for kidney transplantation, increased investment for the development of new products, and government reimbursement for the treatment of kidney diseases, as well as the prevalence of end-stage renal disease.
- The global Dialysis Device and Concentrates market is expected to grow at a rapid pace due to a rising patient population. Over the assessment years, the patient population of home hemodialysis (HHD), peritoneal dialysis, and traditional in-center hemodialysis is expected to drive market growth.
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Competitive Landscape
Due to the presence of excessive participants, the market is highly competitive. The global players are focusing on research and development of new trends in dialysis devices. Leading players are focusing on continuous collaborations and highly investing in research, in order to provide more convenient solutions to the healthcare industry verticals.
Key Players
Baxter International Inc., B. Braun Melsungen AG, Fresenius SE & Co. KGaA, DaVita Healthcare Partners, Inc., Nipro Corporation, Asahi Kasei Medical Co. Ltd., Mar Cor Purification, Inc., Nikkiso Co, Ltd., NxStage Medical, Inc
More Insights into the Dialysis Device and Concentrates Market
According to the FMI analysis, North America is predicted to dominate the global Dialysis Device and Concentrates market by accounting for about 38.6% of the total market share. The surging incidents of diabetes, blood pressure, obesity, and other lifestyle-related disorders in the U.S. are expected to surge the prevalence of kidney diseases.
The surging geriatric population in the country is yet another factor responsible for driving the prevalence of dialysis devices and concentrates. Owing to the rising prevalence of CKD, several governmental and non-governmental authorities are educating and supporting the population dealing with kidney diseases.
Europe is yet another region to exhibit lucrative growth opportunities by capturing a share of 33.5% in the dialysis devices and concentrates market. Rising government expenditure in the healthcare sector is anticipated to boost sales in the market.
The Asia Pacific region is predicted to exhibit a significant growth rate in the dialysis devices and concentrates market over the forecast period, attributing to the surging health awareness, governments are actively launching initiatives to spread awareness about kidney-related issues.
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Key Segments Profiled in the Dialysis Device and Concentrates Industry Survey
By Product Type:
- Hemodialysis Machine
- A.V. Fistula Needle
- A.V. Access Graft
- Dialysis Catheter
- Dialysis Concentrates
- Dialyzer
- Dialyzer Reprocessing Machine
- Hemodialysis Bloodline and Tubing Set
- Declotting Device
- Water Treatment System
- introducer Sheath and Guidewire
By end-user:
- In-center Dialysis
- Hospitals
- Independent Dialysis Centres
- Home Dialysis
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