The global dialysis equipment market 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 USD 18.73 billion in 2023 to an impressive USD 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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The increasing demand for dialysis equipment is a response to the escalating number of patients requiring regular dialysis treatments to manage their kidney conditions effectively. This trend underscores the vital role of dialysis technology in sustaining the lives of those with chronic kidney disease, making it an indispensable component of modern healthcare systems.
Industry experts attribute this growth to advancements in dialysis technology, improved patient outcomes, and enhanced accessibility to dialysis treatment globally. These factors are anticipated to further drive market expansion and innovation within the sector.
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 USD 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.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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