Dialysis Equipment Market Growth: Trends, Innovations, and Challenges to 2030 - IndustryARC?
The Dialysis Equipment Market is poised for significant growth, with its value forecast to reach $26,117.2 million by 2030, growing at a CAGR of 5% during 2024-2030. According to a 2018 study conducted by University of California San Francisco, an estimated 2 million people in the world are suffering from end-stage renal disorder (ESRD.)
In the United States of America, the disease is expanding at a rate of 5% per year. These alarming statistics are fueling the growth of the dialysis equipment market as the demand for a fast yet effective artificial kidney system rises in the world. Since kidney transplantation is a complicated process owing to the elusiveness of kidney donors and difficulty in finding the right match, most patients are put on dialysis either temporarily or permanently. Hemodialysis segment of the dialysis equipment market is expected to grow with a compound annual growth rate (CAGR) of 3.5% during the forecast period of 2024-2030. A single hemodialysis treatment in the United States of America costs around $500 dollars per person. Needless to say, dialysis has been an unaffordable procedure for kidney treatment, which is why the dialysis equipment market is experiencing unprecedented growth for making kidney healthcare more affordable.?
Dialysis Equipment Market Growth Drivers:
?? Need For Dialysis Among Geriatric Population
As per the 2017 World Population Prospects data assembled by the United Nations after careful assessment, around 2.1 billion older persons are expected to make up our entire population by the year 2050.[1] Geriatric population is more likely to suffer from end stage renal disorders, and the demand for regular dialysis treatment is particularly high from them. This population is driving the growth of the dialysis equipment market and inspiring innovation in the field.
?? Chronic Diseases Are On An Exorbitant Rise
According to World Health Organization, non-communicable, chronic diseases including diabetes, hypertension, cardiovascular diseases, and lung diseases are responsible for around 70% of all deaths around the world.[2] Illnesses like diabetes and hypertension generate a high demand for the dialysis equipment market as more and more people become susceptible towards suffering from them due to lifestyle changes.
Dialysis Equipment Market Trends:
?? A Portable Dialysis Equipment
Several market players are gravitating towards building a dialysis machine that is portable and can be used easily at home. Outset Medical Inc, a US-based healthcare company has innovated and created Tablo which makes use of the latest technology. Treatment data can easily be sent to cloud storage through wireless connectivity embedded in the machine, while table sensors fitted into the machine ease up the setting up the process through automation. Real-time dialysis can be conducted through this machine which has made treatment considerably faster. Innovation of this stature has helped the dialysis equipment market in gaining adequate momentum.
?? Consistent Efforts For Building An Affordable Dialysis Machine
Several healthcare companies are inspiring scientists to build affordable machines for dialysis that make minimal use of technicalities while serving the essential purpose of the procedure at the same time. George Institute of Global Health in Australia recently won an award for developing the world’s first affordable dialysis machine which only uses a solar panel, a water purifier and a care station. Key market players of the dialysis equipment market are moving towards miniaturization of the machines in order to bring them to everyone’s homes.
Dialysis Equipment Market Research Scope
The base year of the study is 2024, with forecast done up to 2030. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Dialysis Equipment Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of cheese in the Dialysis Equipment Market, and their specific applications in different areas.
? ?????? ?????????????????? ????????????????: Baxter International Inc. | Fresenius Medical Care | Nipro Medical Corporation | Outset Medical, Inc. | Asahi Kasei | Quanta Dialysis Technologies | B. Braun Group | Teleflex | Rockwell Medical, Inc. | Cantel Medical | DaVita Kidney Care | Medtronic | NxStage Medical, Inc. | American Renal Associates | Dialyze Direct | Liberty Dialysis LLC | Satellite Healthcare / WellBound | Renal Ventures Management Alumni | Amgen