Hemodialysis is a blood filtration procedure used to treat patients with renal failure. Using a dialyzer—also referred to as an “artificial kidney”—the procedure helps purify blood. Hemodialysis comes in two forms: in-centre hemodialysis and home-based hemodialysis. Hemodialysis in an in-centre is typically done three times a week for approximately four hours, although hemodialysis at home is done more frequently—four to seven times a week for shorter durations each time. The primary drivers of the global market growth are the aging population worldwide and the increasing prevalence of end-stage renal disease (ESRD). Diabetes, high blood pressure, alcoholism, drug misuse, and genetic abnormalities can all contribute to ESRD.
According to SPER market research, ‘Hemodialysis Equipment Market Size- By Product, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Hemodialysis Equipment Market is predicted to reach USD 23.64 billion by 2033 with a CAGR of 4.74%.
The main cause propelling the increasing global adoption of hemodialysis equipment is the rapidly rising prevalence of kidney ailments, including chronic kidney diseases and kidney failure. Furthermore, the expanding patient pool for dialysis therapy is expected to drive up demand for products like dialysate and machines. To capitalise on the significant growth opportunities in emerging markets, players are increasingly focusing on strategic development agreements/partnerships with regional/domestic players, geographical expansions, and acquisitions to expand their presence and reach a large number of customers. Dialysis methods are also expanding in emerging nations due to government support for ESRD treatment, advancements in home and nocturnal dialysis, and an increase in the number of dialysis facilities.
One major barrier to the market for dialysis devices is the high expense of dialysis treatment. Apart from the initial outlay for buying and servicing dialysis machines, there are ongoing costs related to healthcare providers, utilities, and supplies. The cost of dialyzers, catheters, accessories, and dialysis equipment can be unaffordable for both patients and medical personnel. Infections linked to hemodialysis equipment are also anticipated to impede the growth of the global hemodialysis equipment market to some degree. The initial investment required to set up dialysis centres or at-home units may be a major barrier, particularly in areas with limited financial resources.
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Impact of COVID-19 on Global Hemodialysis Equipment Market
During the pandemic, there were many severe COVID-19 cases that resulted in acute renal failure. This led to a rise in the demand for hemodialysis equipment despite a number of limitations, including lockout regulations. In addition, a global shortage of specialized dialysis nurses and dialysis devices was brought on by the rise in demand. COVID-19, therefore, had a significant effect on the market under study.
Hemodialysis Equipment Market Key Players:
North America is expected to lead the dialysis machine business in terms of both market share and revenue. This dominance is expected to persist throughout the forecast period as a result of rising R&D spending, a rise in government initiatives, and improved health care infrastructure. Major participants in the market include Asahi Kasei Corporation, Baxter International Inc, Braun Melsungen AG, Fresenius Kabi AG, JMS Co., Ltd., Nikkiso Co., Ltd., and others.
Hemodialysis Equipment Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product: Based on the Product, Global Hemodialysis Equipment Market is segmented as; Hemodialysis Machines, Hemodialysis Consumables.
By End-User: Based on the End-User, Global Hemodialysis Equipment Market is segmented as; Hospitals, Independent Dialysis Centres, Home Dialysis.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Hemodialysis Equipment Market Revenue
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