The Global Hemodialysis Equipment Market is valued at US$ XX Mn in 2019 and is expected to grow at a CAGR of 6.3% over the forecast period to reach a US$ XX Mn by 2027.
North America accounts for the dominant share in terms of revenue by 37.5%, followed by Europe. Among emerging markets, Asia Pacific is estimated to exhibit a CAGR of XX% over the forecast period to 2027.
Dialyzers occupy the most prominent share of 50% of the hemodialysis consumables market.
Increasing elderly population with rising blood related disorders leads to increase in the demand for hemodialysis equipment. In addition, advancement in equipment design and ease of reimbursements is boosting the hemodialysis equipment market
Fresenius Medical Care AG & Co. KGaA, Baxter, DaVita Inc, and NIPRO Medical Corporation are the leading players in the peritoneal dialysis market.
Baxter is striving to raise its revenue share of dialysis for application in home-care settings.
Market Dynamics
Drivers
- Increasing ESRD Prevalence Population
- Rise In Number of Dialysis Centers
- New Product Launches
Restraints
- Rising Cases of Kidney Transplantations
- Risks Associated with Hemodialysis Treatment
- High Cost Constraint
Rise In Number of Dialysis Centers
With rising number End-stage renal disease (ESRD) cases, there is a need for dialysis, hence the number of dialysis centers are increasing. A predominant number of hemodialysis patients undergo treatment in dialysis centers. Thus, growth in dialysis centers boost the global hemodialysis equipment market. As of 2016, there were about 40,000 such dialysis centers worldwide, 61% of which are in private or corporate ownership. The remaining 31% lay in the public sector or belong to healthcare organizations. There are large geographical divergences however: while 99% of the American (US) centers are private or corporate, only 44% are so in the EU. According to European Renal Care Providers Association, in 2016, within the EU, 329,000 patients received a total of 49.8 million HD treatments across 5,410 centers.
The US, the EU and Japan, which together represent 40% of all dialysis patients and 90% of the patients are above 65 years old. Dialysis alone costs USD 17.06 billion dollars per year to EU health systems. Also prominent players are increasing their dialysis centers to maintain their position in the competitive market. Fresenius Medical Care AG & Co. KGaA dialysis centres has been increased by 4.6% reaching 3,928 dialysis centres from 2017 to 2018. In May 2018, B. Braun acquired five renal care centres of Diaverum in Australia and New Zealand. In 2017, Fresenius Medical Care AG & Co. KGaA has opened eight new dialysis centers in collaboration with John Hopkins Hospital located in Baltimore, U.S. to meet the growing demand.
Geographical Analysis
North America accounted for 37.5% of the Global Hemodialysis Equipment Market in 2018.
North America is dominating the market due to increasing incidences of blood related disorders, rising number of diabetes and hypertension patients, and technological advancements in the healthcare industry.
According to American Society of Nephrology, ESRD affects more than 500,000 Americans every year, and the majority of these patients receive hemodialysis therapy.
Some of the biggest companies in the hemodialysis equipment segment are investing huge sums in research and production units in North America.
One of the prominent dialysis service providers in the region, DaVita Kidney Care, opened a 150,000 square-foot campus for DaVita Labs, its diagnostic laboratory that serves DaVita dialysis clinics and their patients in September 2018. The campus marks an expansion of DaVita Labs' operations in DeLand, Fla.
Major players in North America include B. Braun Melsungen Ag, Baxter International Inc. and Fresenius Medical Care.
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