Market Trends of Global Renal Dialysis Equipment Industry
This section covers the major market trends shaping the Renal Dialysis Equipment Market according to our research experts:
Hemodialysis (HD) Equipment Segment is Expected to Exhibit the Fastest Growth Rate over the Forecast Period
Globally, hemodialysis equipment adoption is steadily increasing due to the increasing prevalence of kidney failure patients. It is used to filter wastes and water from the blood. Thus, market players are found focusing on the developments of the new hemodialysis equipment that help in the growth of the overall market.
COVID19 is a very high transmission infectious disease with a variable prognosis in the general population. Patients in hemodialysis therapy are vulnerable to developing an infectious disease. Moreover, risk factors such as age, hypertension, diabetes, cancer, and chronic respiratory and cardiovascular disease are associated with the worst prognosis. For instance, according to an article titled 'COVID-19 Risk Factors and Mortality Outcomes Among Medicare Patients Receiving Long-term Dialysis' published in the journal of Nephrology in November 2021, the conditions of patients with chronic kidney failure associated with COVID-19 were worse. COVID-19 infects the kidneys and may induce acute kidney injury.
Also, another article titled 'Variability in Hemoglobin Levels and the Factors Associated with Mortality in Hemodialysis Patients: A 78-Month Follow-Up Study' published in the International Journal of Environmental Research and Public Health in January 2021 indicated that several risk factors associated with kidney disease, including the hemoglobin variability, played a major role in the severity of the disease. Such associated risk factors are likely to add to the growth of the renal dialysis equipment market.
Some of the factors which are driving the segment growth include the rising prevalence of kidney diseases such as end-stage renal disease (ESRD), along with increasing innovative product launches in the market by market players. According to the National Institute on Diabetes and Digestive and Kidney Diseases (NIDDK), in 2020, ESKD, also known as an end-stage renal disease (ESRD), affects almost 786,000 people in the United States, with 71% requiring dialysis and 29% requiring a kidney transplant. ESKD affects three men for every two women who develop it. However, most of the population remains undiagnosed in the early stages, eventually leading to death worldwide.
Furthermore, technological advancements in healthcare have led to the development of hemodialysis machines with improved ergonomics. For instance, in March 2021, Fresenius Medical Care North America (FMCNA) and DaVita Kidney Care expanded their partnership to provide home dialysis technology, including NxStage home hemodialysis (HHD) machines, dialysis supplies, and a connected health platform. Thus, the above-mentioned factors are expected to drive segment growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market and is Expected to do the Same in the Forecast Period.
The factors driving the market growth in North America include the massive adoption of new technologies in the kidney dialysis division. The large number of people affected by the COVID-19 pandemic also added to the number of people affected by kidney diseases, which added to the market growth. There is also a boom in public healthcare expenditure and increased awareness programs about the availability of advanced treatments.
The novel coronavirus disease 2019 (COVID-19) has a high mortality rate among older adults and individuals suffering from chronic conditions, such as chronic kidney diseases (CKD). According to the Centers for Disease Control and Prevention (CDC) data on chronic kidney disease in the United States 2021 updated in March 2021, about 15% of adults in the United States or around 37 million people suffer from chronic kidney diseases (CKD).
According to an article titled 'CKD Prevalence Among Patients With and Without Type 2 Diabetes: Regional Differences in the United States' published in the journal of Kidney Medicine in January 2022, diabetes mellitus was the leading cause of chronic kidney disease in the United States. The rising number of diabetic patients in the nation also contributed to the increasing number of people affected by chronic kidney disease, thereby adding to the growth of the renal dialysis equipment market.
Some of the market players involved in the United States market include DaVita, Baxter International, Medtronic, and U.S. Renal Care. These players adopted various strategies, such as collaborations, mergers, acquisitions, and product innovations, to maintain their market position. In January 2021, Quanta Dialysis Technologies Ltd, a British medical technology pioneer developing innovative dialysis products and services, received 510(k) clearance from the United States Food and Drug Administration to market its small and simple, high performance hemodialysis system SC+ in the United States.
Thus, the abovementioned factors are expected to drive market growth over the forecast period.
