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Kidney dialysis equipment helps maintain kidney functions and avoids severe health complications by filtering out wastes and excess fluids from patients suffering from chronic kidney ailments or end-stage renal failures. Dialysis machines contain precision built components and consumables to extract toxins from blood outside the body via a semi-permeable membrane while returning cleansed blood to the patient. Being lifesaving devices, dialysis products are witnessing growth with rising incidence of kidney diseases like diabetes, high blood pressure and chronic glomerulonephritis.
The global kidney dialysis equipment market is estimated to be valued at US$ 16,874.5 Mn in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
One of the major trends in the kidney dialysis equipment market involves portable dialysis machines. Compact in size portable dialysis machines allow patients to move freely and carry out daily activities during treatment. As end-stage renal disease greatly impacts mobility and quality of life, portable dialysis offers a more convenient option over conventional equipment. Companies are innovating next-generation portable systems with advanced features like predictive analytics, remote monitoring capabilities and optimized dialysate delivery. This has boosted uptake of portable dialyzers amongst elderly and home treatment patients around the world.
Porter’s Analysis
Threat of new entrants: Low barrier for new companies to enter the market due to easy access to capital and technology. However, the market is dominated by few large players with strong brand image and distribution network.
Bargaining power of buyers: High as buyers have the options to purchase from multiple domestic and international suppliers. They can negotiate on prices and replacement of products.
Bargaining power of suppliers: Moderate as there are number of suppliers for raw materials and components. However, suppliers may have bargaining power due to proprietary technology.
Threat of new substitutes: Low as there are limited substitutes for kidney dialysis equipment used for treatment of end stage renal diseases.
Competitive rivalry: High due to presence of large multinational companies competing on basis of pricing, innovation in products and service quality.
Key Takeaways
The global kidney dialysis equipment market is expected to witness high growth over the forecast period.
Regional analysis: North America dominates the market and is expected to grow at a steady pace during the forecast period. Presence of major players and accessibility to advanced healthcare facilities drive the growth. Asia Pacific is expected to be the fastest growing region during the forecast period owing to increasing incidences of chronic kidney diseases, improving healthcare infrastructure and growing funding for kidney diseases treatment.
Key players: Key players operating in the kidney dialysis equipment market are Fresenius Medical Care AG & Co, Baxter International, Inc., Nipro Corporation, B. Braun Melsungen AG, Nikkiso Co, Ltd., Asahi Kasei Corporation, NxStage Medical, Inc., Guangdong Biolight Meditech Co., Ltd, Dialife SA, and DaVita Inc. Players are focusing on launching innovative products to strengthen their product portfolio and market share.
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- Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
