Kidney Dialysis Equipment Market Vendor Landscape and Economic Growth 2024
Kidney Dialysis Equipment Market – Size, Share, Outlook, and Opportunity Analysis, 2016 - 2024
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Diabetes mellitus is considered as the most common cause of chronic kidney disease that may lead to increase in demand for kidney dialysis. According to Scottish Intercollegiate Guidelines Network, in 2008, the average prevalence has been reported at 11% in the U.S. and Europe that are excluding those on dialysis or with a functioning transplant. Growth of geriatric population is one of the major reasons expected to support growth of the kidney dialysis equipment market in the near future. Large number of people in their old age are more prone to suffer from kidney failure.
The global kidney dialysis equipment market was valued at US$ 13,930.3 Mn in 2015 and is expected to witness a robust CAGR of 6.6% during the forecast period (2016 – 2024).
Demographic Shift of major chunk of population towards increasing geriatric population
Elderly population are more prone to various disease due to diminished level of immunity and other co-morbid disease conditions. Diabetes mellitus is a very common disorder that is the initiator for various unwanted disease conditions. One of the most frequently arising condition is kidney failure. The unnoticed and improper care of the diabetic patient may lead to abnormal functioning of kidney and in severe cases total shut down of the organ. Kidney dialysis is a process in which an external machine acts as the kidney for the filtration of body fluids. Furthermore, the dialysis works on various sequential methods such as proper testing of vitals of the patient that is necessary for maintaining the appropriate glomerular filtration rate. Dialysis procedure helps in maintaining the proper standards of the body fluids and other important kidney functions such as waste removal, removal of extra water and salt to prevent them from building up in the body that ensure safe level of certain chemicals such as potassium, sodium and bicarbonate in the blood, which helps in controlling the blood pressure.
Key companies covered as a part of this study include Baxter International, Inc., Fresenius Medical Care AG & Co., Nipro Corporation, B. Braun Melsungen, Nikkiso Co, Ltd., Asahi Kasei Corporation and NxStage Medical, Inc.
Global Kidney Dialysis Equipment Market, By Equipment:
• Concentrates and dialysis solutions
• Others (Water treatment systems, accessories)
• Peritoneal dialysis
• Transfer sets
• Continuous renal replacement therapy (CRRT)
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