Renal Dialysis machines use to cleanse the blood and balance its constituents. By the help of this process, the patient blood is circulated through the machine where it is filtered and balance for electrolytes, pH, and fluid concentration before being returned to the patient. One common problem with kidney failure is water retention, therefore it is common for the process to remove several pints of fluid from the blood of the patient.
Chronic kidney disease is defined as a reduced glomerular filtration rate, increased urinary albumin excretion, or both, and is an increasing public health issue. Prevalence is estimated to be 8-16% worldwide. Worldwide, diabetes mellitus is the most common cause of chronic disease, but in some region other causes, such as herbal and environmental toxins are more common.
Renal Dialysis Equipment Market: Drivers and Restraints
Presently, dialysis equipment global market is driven by the aging population, by increasing incidence of end-stage kidney disease, a rising incidence of diabetes and hypertension.
Dialysis equipment global market is drives by the aging population, technological advancement in healthcare industry, increasing incidence of kidney disease, and increase in the number of diabetic and hypertension patients globally, and due to the shortage of kidney donors for transplantation. However, factors such as low awareness about kidney disease and their modalities, reduction in Medicare reimbursement to dialysis centers act as a major barriers for this market.
Renal Dialysis Equipment Market Overview:
With rapid technological advancement in healthcare industry, increase in aging population, and increasing incidence of kidney disease, the global dialysis equipment market is expected to have healthy growth rate in the forecast period (2015-2025).
Depending on geographic regions, the dialysis equipment global market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
North America, followed by Europe, dominates the global market for kidney dialysis equipment due to the presence of a large aging population and availability of better health care facilities in the region. In addition, there is a high prevalence of kidney diseases in the region. According to The Centers for Disease Control and Prevention (CDC), a public health institute in the U.S., in 2014, more than 20 million people suffered from chronic kidney diseases. Asia is expected to grow at a high rate in the next few years in the global kidney dialysis equipment market. China and India are expected to be the fastest growing markets for kidney dialysis equipment in Asia. Some of the key driving forces for the kidney dialysis equipment market in emerging countries are increasing R&D investment, presence of a large pool of patients, rising government funding, and growing level of awareness among people.
Due to the high population developing regions such as Asia-Pacific (Japan, China, and India) is expected to form new revenue generating pockets for the market players.
Major Players in the Market:
Some of the key companies operating in the kidney dialysis equipment market are Baxter International, Inc., B. Braun Melsungen AG, Sorin Group, and Teleflex Medical. Other companies which have a significant presence in the kidney dialysis equipment market include DaVita, Inc., Nikkiso Co., Ltd., Rockwell Medical Technologies, Inc., Gambro AB, Fresenius Medical Care AG & Co. KGaA, Asahi Kasei Kuraray Medical Co., Ltd, NxStage Medical, Inc., Aksys Ltd., and Diaverum.
MarketIntelReports (MIR) aim to empower our clients to successfully manage and outperform in their business decisions. We do this by providing Premium Market Intelligence, Strategic Insights and Databases from a range of Global Publishers.
A group of industry veterans who are well experienced in reputed international consulting firms after identifying the sourcing needs of MNCs for market intelligence, have together started this business savior MarketIntelReports.