USD 15.8 billion
Report ID:
SQMIG35A2518 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
67
|Figures:
75
Dialysis Equipment Market size was valued at USD 16874.5 Million in 2023 and is poised to grow from USD 17988.22 Million in 2024 to USD 28629.22 Million by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
The global market for dialysis equipment is expected to increase significantly over the projected period due to a variety of factors at play in the overall environment. The development of HD equipment is one of the main ones (Hemodialysis). The high incidence of kidney failure mentioned before also contributes to this. In these circumstances, it becomes essential to filter out waste and water using HD.
As a result, an increasing number of participants took up the challenge of enhancing patient experience and delivering the finest medical results. It is important to note that 37 million people in the United States of America alone have chronic renal disease.
Additionally, this comprises 15% of the adult population, or one in seven persons. Another issue with chronic kidney disease is that roughly 90% of those who have it are completely ignorant that it is even there in their bodies. Furthermore, it's important to note that one in three persons runs the chance of getting the illness.
In absolute terms, this figure totals a massive 80 million. In addition, by 2031, there will be a sizable population of 2 billion people in the world who are 60 or older. When compared to the figure noted in 2019—900 million—the number appears significant. Again, it is important to remember that one in four and one in six individuals will be above the age of 65 in North America, Europe, and the rest of the world, respectively.
It's also important to note that people in this group are more prone to kidney problems. Thus, this group plays a vital role in the expansion of the global market for dialysis equipment. The forecast term is expected to see a moderate expansion of the global market for dialysis equipment. Significant drivers of the need for dialysis equipment have been identified as the rising occurrences of renal disorders, diabetes, and hypertension.
The global market for dialysis equipment is growing as a result of ongoing technical advancements and the healthcare industry's willingness to accept new products and innovations.
Digital identification companies come into play when the patient population rises as they work to enhance and expand the equipment's accessibility. Furthermore, because they can be used to treat renal problems remotely, demand for easily transportable equipment is predicted to increase. As a result, it is projected that during the projection period, this factor would significantly boost the market share of dialysis equipment.
US Dialysis Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 15.8 billion
Largest Segment
Hospitals and Clinics
Fastest Growth
Ambulatory Surgical Centers
Growth Rate
6.6% CAGR
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Global Dialysis Equipment Market is segmented by type, end user and region. Based on type, the market is segmented into hemodialysis equipment and peritoneal dialysis equipment. Based on end user, the market is segmented into dialysis centers and hospitals and home healthcare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Dialysis Equipment Market Analysis by Product
Based on the Product, the market for dialysis equipment is dominated by the hemodialysis equipment category among the many types of dialysis. The global market is also anticipated to see relatively higher growth in the peritoneal dialysis equipment category. The rise of peritoneal dialysis is anticipated to be fueled by a higher level of patient comfort, a sharp decline in treatment costs, and a high degree of operational flexibility.
There is a considerable need for peritoneal dialysis in emerging countries due to the higher frequency of end-stage renal illness and chronic kidney disease. By 2025, it's expected that more emerging countries would use peritoneal dialysis due to its shown superiority over hemodialysis in terms of cost, session length, and equipment functionality.
Dialysis Equipment Market Analysis by End User
Global dialysis equipment market has been segmented on the basis of End User as hospitals and clinic, ambulatory surgical centers, and homecare settings. Among these, the hospital and clinic market accounted for 66.2 percent of the overall market share for dialysis devices and equipment in 2020, making it the largest segment. The availability of cutting-edge dialysis equipment and the presence of skilled medical personnel will continue to fuel expansion in this market.
Patients with CKD are placed on CRRT equipment and require ongoing care and dialysis. CRRT equipment requires specialized knowledge, which hospital staff members can obtain. These variables are expected to cause the hospitals segment's sales to increase over the evaluation period. With a CAGR of 4.55 percent, the home care settings sector is anticipated to have the fastest future growth in the market for dialysis devices and equipment.
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North America held the largest share of the dialysis equipment market. With 34.5 % amount of dialysis equipment sold worldwide in 2020, North America was the largest region. Due to increasing cases of kidney diseases, the demand of dialysis is also increasing. For instance, as of November 2016, the National Kidney Foundation reported that there were roughly 100,791 Americans who needed kidney transplants. Furthermore, the kidney transplant waiting list in the United States sees an average of 3,000 new patients each month. Demand for dialysis procedures has increased because to the rising incidence of renal failure, which is anticipated to boost the North American dialysis equipment market.
The widespread use of innovative technologies in the kidney dialysis sector is one of the reasons boosting the market in North America. Public healthcare spending is also surging, and there are more programs educating the public about the availability of cutting-edge therapies.
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Dialysis Equipment Market Driver
Dialysis Equipment Market Restraint
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Global dialysis equipment market is relatively fragmented, with a high level of competition. Leading companies in the worldwide dialysis equipment market are putting more of an emphasis on R&D to increase product efficacy and diversify their product offering. Players are also spending money on partnerships, collaborations, mergers, and acquisitions to increase their worldwide market presence.
Dialysis Equipment Market Top Player's Company Profiles
Dialysis Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Dialysis Equipment Market Analysis, in terms of Product, the hemodialysis segment held the largest share and is estimated to maintain a similar inclination over the forecast period. In terms of End User, the Hospital segment accounts more than 60% of the total. Because of the fact that hospitals educate medical personnel will play a significant role in the development of cutting-edge machinery that will drive the segment's growth. The market for dialysis equipment's end-user segment will expand along with the CRRT.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 15.8 billion |
Market size value in 2031 | USD 28.08 billion |
Growth Rate | 6.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dialysis Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dialysis Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dialysis Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dialysis Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2518
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