Global Dialysis Equipment Market Overview
Dialysis machines are used as artificial kidneys to filter waste products and excess fluids from blood. These machines are used in case of kidney failure or in any case where kidneys couldn’t do their job properly. Dialysis machines can be temporary or permanent depending on whether the kidney transplant is possible or not.
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Increasing aging Population, rising incidence of kidney diseases, increasing number of diabetes and hypertension patients, and technological advancements in healthcare industry are some of the major drivers driving the Dialysis Equipment market. However, factors like low awareness about kidney disease treatment and decreasing medical reimbursements for dialysis treatment are restricting the growth of the market.
Global Dialysis Equipment Market Forecast Report (2018-2023)
Global Dialysis Equipment Market was worth USD 17.01 billion in 2018 and is expected to reach USD 23.31 billion by 2023 with a CAGR of 6.5 %.
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Global Dialysis Equipment Market Segmentation
Dialysis Equipment market is segmented based on Type and End User. Based on Type, market is segmented into Hemodialysis Equipment, Peritoneal Dialysis Equipment, Continuous Renal Replacement Therapy Systems, and Dialysis Accessories. Based on Hemodialysis Equipment, market is further segmented into Hemodialysis Machines, Dialyzers, and Blood Access Device Dialysate. Based on Peritoneal Dialysis Equipment, market is further segmented into Continuous Cycling Peritoneal Dialysis, Continuous Ambulatory Peritoneal Dialysis, and Intermittent Peritoneal Dialysis. Based on End User, market is segmented into In-center Dialysis, Home care Dialysis. Hemodialysis segment dominates the market with over 88 % of the market share with dialyzers as its major segment during the forecast period. This is because of this method’s lower risk of infections. Peritoneal Dialysis Equipment is expected to grow at the fastest CAGR owing to the self-administrable and needleless treatment. In End User segment, Home care segment is expected to witness faster growth during the forecast period.
Geographically, market is segmented into Europe, Asia-Pacific, North America, Latin America and Middle East and Africa. North America is expected to be the dominant market owing to the presence of advanced technology and availability of medical reimbursements. Asia-Pacific is expected to be the fastest growing market owing to the rising ESRD Patients, rising healthcare expenditure and increasing awareness about dialysis centers among people.
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Major Players:
The major companies dominating this market for its products and services are
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