The global dialysis equipment industry is on track for substantial growth, with projections indicating a robust increase in sales at a Compound Annual Growth Rate (CAGR) of 4.8% between 2023 and 2033. According to forecasts by leading market analysts at FMI, the industry is expected to surge from US$ 18.73 billion in 2023 to an impressive US$ 29.93 billion by 2033.
This exponential growth is primarily driven by the rising prevalence of end-stage renal diseases (ESRD), particularly among the elderly population. With kidney disease affecting over 850 million individuals worldwide, the necessity for monthly dialysis therapy has become a critical aspect of healthcare for a significant portion of the global population.
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“End-stage renal diseases continue to pose significant healthcare challenges globally, especially among the elderly,” remarked Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “The projected growth in the dialysis equipment market reflects both the rising prevalence of kidney ailments and the ongoing efforts to enhance treatment accessibility and quality.”
The anticipated increase in the global dialysis equipment market signifies a pivotal phase in healthcare, underscoring the pressing need for innovative solutions to address the escalating demand for renal care. This growth trajectory reflects a crucial industry shift toward meeting the needs of a substantial patient population requiring regular dialysis therapy.
The expansion of the dialysis equipment market not only indicates a financial uptick but also highlights the growing emphasis on improving healthcare infrastructure and advancing treatment modalities to better cater to the needs of individuals battling renal diseases.
As the global population continues to age, the prevalence of kidney-related ailments is expected to persist, propelling the demand for sophisticated dialysis equipment and services. This growth presents a significant opportunity for industry stakeholders to collaborate and innovate in delivering more efficient and accessible solutions to patients worldwide.
Key Takeaways:
- From 2023 to 2033, the dialysis equipment market in the United States is projected to expand at a 3.6% CAGR.
- By 2033, the dialysis equipment market in the United Kingdom is estimated to reach US$ 1.89 billion, expanding at a CAGR of 3.3%.
- China is predicted to grow substantially in the dialysis equipment market, registering a CAGR of 6.6% during the forecast period.
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Competitive Landscape:
Market players in the dialysis equipment market are working hard to develop and deploy cutting-edge technologies to improve the effectiveness and security of the process. This covers the creation of wearable and portable dialysis equipment, automated and integrated dialysis machines, and enhanced filtration technologies.
To optimize the dialysis procedure and enhance patient care, market players are also concentrating on enhancing patient comfort and the usability of dialysis equipment. They are also actively pursuing many strategies, including partnerships, mergers, and collaborations.
Recent Developments:
- In November 2019, Fresenius Medical Care unveiled the 4008A dialysis machine, embracing the company’s strong therapeutic standards while reducing costs for healthcare organizations.
- Baxter International Inc. reported in January 2019 that its Sharesource remote patient management platform has conducted more than 5 million home PD treatments globally, which is anticipated to accelerate market expansion soon.
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Key Players Working in the Dialysis Equipment Industry:
- Baxter
- Asahi Kasei Corporation
- Fresenius Medical Care AG & Co. KGaA
- Cantel Medical
- Rockwell Medical
- JMS Co.Ltd.
- Teleflex Incorporated
- Braun Melsungen AG
- NIPRO
- HEMOCLEAN CO., LTD.
- Quanta
- Outset Medical, Inc.
Dialysis Equipment Market by Category:
By Product Type:
- Hemodialysis Devices
- Hemodialysis Machines
- Dialyzers and Filters
- Vascular Access Devices
- Peritoneal Dialysis Devices
- Automated Peritoneal Dialysis Machine
- Dialyzers and Filters
- Vascular Access Devices
- Continuous Renal Replacement Therapy (CRRT)
- Consumables
- Automated Peritoneal Dialysis Machine
By Disease Condition:
- Chronic
- Acute
By End Use:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Home Care Settings
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- The Middle East & Africa
- Oceania
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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