Renal Medical Devices & Services Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 6.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Renal Medical Devices & Services Market Analysis
The Renal Medical Devices And Services Market is expected to register a CAGR of 6.40% during the forecast period.
The major factors driving the growth of renal medical devices and services include the rising prevalence of kidney diseases, the growing geriatric population, and the increasing incidences of diabetes and high blood pressure.
Kidney disease affects a significant proportion of the global population. It has increased in recent decades due to the growing burden of various chronic conditions, such as diabetes, obesity, and high blood pressure, which leads to chronic kidney diseases. For instance, according to the data published by the Kidney Foundation Canada in January 2022, one in every ten Canadians suffers from renal disease, 4 million people each year.
Similarly, according to the World Health Organization, in May 2024, in the European Region, high blood pressure is the foremost risk factor for disability, accounting for 13% of disabilities. Therefore, the high risk of hypertension in Europe may lead to an increased risk of kidney failure as hypertension leads to constriction of the renal blood vessels, thereby anticipating an increase in anticipated to increase the adoption of renal devices and services.
Further, high blood sugar from diabetes can damage blood vessels in the kidneys and nephrons, affecting the function of kidney blood vessels and nephrons. Many people with diabetes also develop high blood pressure, leading to kidney damage and kidney failure. Hence the growing burden of diabetes is expected also to increase kidney diseases which likely propel the market's growth. For instance, as per the 2022 report from the International Diabetic Federation (IDF), by 2030 and 2045, the number of diabetic population around the world was projected to reach 643 million and 783 million respectively. Hence, the expected rise of diabetics, which causes kidney diseases, is likely to propel the demand for renal medical devices and services over the forecast period.
Additionally, market players are adopting various strategies such as product launches, mergers, acquisitions, and partnerships to increase the access of their devices to the end users, which is expected to boost market growth over the forecast period. For instance, in January 2022, ReCor Medical, a subsidiary of Otsuka Medical Devices Co. Ltd., launched the Paradise Ultrasound Renal Denervation System for treating uncontrolled hypertension in Germany.
Hence, the increasing burden of kidney diseases and diabetes coupled with strategic activities by the market players is expected to boost market growth over the forecast period. However, reimbursement issues and lack of awareness in developing and under-developed regions are expected to restrain the market over the forecast period.
Renal Medical Devices & Services Market Trends
Renal Kidney Stone Disease is Expected to Register a High CAGR over the Forecast Period.
A kidney stone is a complex, crystalline mineral formed within the kidney or urinary tract. It is a common cause of blood in the urine (hematuria) and often severe pain in the abdomen, flank, or groin. The rising geriatric population and the increasing prevalence of kidney diseases worldwide are expected to increase the growth of the renal kidney stone segment over the forecast period.
Kidney stones can cause permanent kidney damage. Stones also increase the risk of urinary and kidney infections, which can spread germs into the bloodstream. For instance, according to an article published in the Healthcare Journal in September 2022, the prevalence of nephrolithiasis was approximately 20% across the globe in 2022. Also, the health and economic burdens caused by kidney stone disease are enormous worldwide. Thus, the large number of people affected by kidney stone diseases requiring adequate renal medical devices is expected to propel the growth of the studied segment during the forecast period.
With their innovative treatments for kidney stone management, several key market players are expected to propel the growth of the renal medical devices and services market. For instance, in January 2022, Applaud Medical received Food and Drug Administration's breakthrough device designation for its Acoustic Enhancer technology. The Acoustic Enhancer technology is used with ureteroscopy with laser lithotripsy to fragment calcium-based urinary stones. Such product approval is likely to promote segment growth over the forecast period.
Hence, the growing burden of kidney diseases and product launches by the market players is expected to boost the segment growth over the forecast period.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
In the North American region, factors such as a growing burden of kidney diseases, a rising geriatric population, the increasing prevalence of risk factors, and a technologically advanced healthcare system are responsible for a significant share of North America in the studied market.
For instance. according to the research study published in the Journal of Americal Urological Association in January 2024, among United States adults aged 20 years and older, 9.9% (23.7 million) of individuals reported a history of kidney stones during their lifetime, and 1.8% (4.4 million) had passed a kidney stone in the past 12 months. Therefore, such a high prevalence and incidence of kidney stones in the country is anticipated to increase the adoption.
With the region's growing burden of renal diseases, the companies are investing heavily to improve product availability and efficiency and launch novel devices, which is expected to impact the market’s growth significantly. Furthermore, increasing collaboration between service providers for renal care is also expected to boost the market for services, thereby boosting market growth.
For instance, in February 2023, Rockwell Medical, Inc. reported Company signed a three-year product purchase agreement with Concerto Renal Services, a dialysis provider in skilled nursing facilities in the United States. Such development in the renal medical devices segment is expected to boost the growth of the renal medical devices and services market in the North American region over the forecast period.
Therefore, owing to the rising prevalence of kidney stone disorders and key strategies adopted by the market player such as partnerships are anticipated to boost the market growth.
Renal Medical Devices & Services Industry Overview
The renal medical devices and services market is semi-consolidated and consists of several major and small players. The market players are adopting various strategies such as product launches, mergers and acquisitions, and partnerships. Some of the key players in the renal medical devices and services market include B Braun Melsungen AG, Baxter International Inc, Medtronic, Nipro Corporation, Fresenius SE & Co. KGaA, and Recor Medical, among others.
Renal Medical Devices & Services Market Leaders
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B Braun Melsungen AG
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Baxter International Inc
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Medtronic
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Fresenius SE & Co. KGaA
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Nipro Corporation
*Disclaimer: Major Players sorted in no particular order
Renal Medical Devices & Services Market News
- In March 2024, Fresenius Medical Care (FME) launched an innovative "Augmented Reality" (AR) application. This application is designed to streamline the training process for nursing staff involved in kidney replacement therapy within intensive care units. Integrated with digital learning modules, the AR glasses facilitate on-site training for nursing staff, focusing on operating acute dialysis machines directly in the intensive care units.
- In June 2023, Rockwell Medical, Inc., a healthcare company that develops, manufactures, commercializes, and distributes a portfolio of hemodialysis products to dialysis providers, entered into a three-year co-promotion services agreement with B. Braun Medical Inc., a key player in renal therapies, including innovative, high-quality products for hemodialysis.
Renal Medical Devices And Services Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Incidences of Kidney Diseases
- 4.2.2 Rise in Prevalence of Diabetes and High Blood Pressure Conditions
- 4.2.3 Growing Geriatric Population
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4.3 Market Restraints
- 4.3.1 Reimbursement Issues
- 4.3.2 Lack of Awareness in Developing and Under-Developed Regions
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - in USD)
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5.1 By Product
- 5.1.1 Dialysis Equipment
- 5.1.2 Renal Denervation Devices
- 5.1.3 Wearable Artificial Kidney Device
- 5.1.4 Distal Embolic Protection Devices
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5.2 By Application
- 5.2.1 Kidney Failure
- 5.2.2 Chronic Kidney Disease
- 5.2.3 End-stage Kidney Disease
- 5.2.4 Renal Kidney Stone Disease
- 5.2.5 Hypertension
- 5.2.6 Diabetes
- 5.2.7 Others
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Nikkiso Co. Ltd
- 6.1.2 B Braun Melsungen AG
- 6.1.3 Baxter International Inc
- 6.1.4 Becton, Dickinson and Company
- 6.1.5 Boston Scientific Corporation
- 6.1.6 DaVita Healthcare Partners, Inc
- 6.1.7 Fresenius SE & Co. KGaA
- 6.1.8 Infomed SA
- 6.1.9 Medtronic
- 6.1.10 Nipro Corporation
- 6.1.11 Nanodialysis
- 6.1.12 Asahi Kasei Medical Co. Ltd.,
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Renal Medical Devices & Services Industry Segmentation
As per the scope of the market, renal medical devices are used to treat or alleviate renal disorders. These medical devices are used in the care and treatment of people with kidney failure.
The Renal Medical Devices and Services Market is segmented by product, application, and geography. By product, the market is segmented into dialysis equipment, renal denervation devices, wearable artificial kidney devices, and distal embolic protection devices. By application, the market is segmented into kidney failure, chronic kidney disease, end-stage kidney disease, renal kidney stone disease, hypertension, diabetes, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers the value (in USD) for the above segments.
| By Product | Dialysis Equipment | |
| Renal Denervation Devices | ||
| Wearable Artificial Kidney Device | ||
| Distal Embolic Protection Devices | ||
| By Application | Kidney Failure | |
| Chronic Kidney Disease | ||
| End-stage Kidney Disease | ||
| Renal Kidney Stone Disease | ||
| Hypertension | ||
| Diabetes | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Renal Medical Devices And Services Market Research Faqs
What is the current Renal Medical Devices And Services Market size?
The Renal Medical Devices And Services Market is projected to register a CAGR of 6.40% during the forecast period (2024-2029)
Who are the key players in Renal Medical Devices And Services Market?
B Braun Melsungen AG, Baxter International Inc, Medtronic, Fresenius SE & Co. KGaA and Nipro Corporation are the major companies operating in the Renal Medical Devices And Services Market.
Which is the fastest growing region in Renal Medical Devices And Services Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Renal Medical Devices And Services Market?
In 2024, the North America accounts for the largest market share in Renal Medical Devices And Services Market.
What years does this Renal Medical Devices And Services Market cover?
The report covers the Renal Medical Devices And Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Renal Medical Devices And Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Renal Medical Devices And Services Industry Report
Statistics for the 2024 Healthcare Simulation Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Healthcare Simulation Software analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
