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(Health-NewsWire.Net, December 18, 2019 ) Market Overview
Renal Dialysis Equipment (RDE) refers to equipment used by dialysis-care providers to provide an artificial replacement for lost kidney function due to renal failure.
Renal failure or kidney failure is a severe medical condition that affects the functionality of kidneys and is characterized by reduced excretory and regulatory functions.
The global RDE market was valued at USD 13.4 billion in 2017, growing at a CAGR of 5% over the forecast period (2019-2026).
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Market Dynamics
The market is driven by the number of End-Stage Renal Disease (ESRD) patients owing to the growing prevalence of diabetes, hypertension, and an increasingly large elderly population.
ESRD is the most severe form of renal failure where kidneys permanently cease to function, and the affected person loses the adequate kidney function necessary to sustain life.
An estimated 2 million patients worldwide are affected by end-stage renal disease (ESRD). On the contrary, rising cases of kidney transplantation and newer trends like artificial kidneys are likely to decrease the demand for dialysis therapies.
Also, there has been an increasing focus on to develop a new approach to dialysis thats portable and low cost, specifically for catering to patients in the developing world.
Market Segmentation Analysis
The Global Renal Dialysis Equipment market report segments the market by equipment type, by end-user, and by region. Depending upon the type of machine used to filter a patients blood, the market is segmented into Hemodialysis, Peritoneal dialysis, Continuous Renal Replacement Therapy.
Each category is further sub-segmented into machines, dialysis solutions, and accessories. Hemodialysis is the more common type of dialysis, accounting for about 90% of all dialysis patients.
Secondly, by the setting where the dialysis is performed, the market is segmented into two categories Hospitals/In-Clinics/Dialysis Centers and Home Care Settings.
Geographical Share
Geographically, the market is segmented into five major regions, namely North America, South America, Europe, Asia Pacific, and RoW. North America is the largest market for renal dialysis equipment, followed by Europe and Asia-Pacific. In the US, over 650,000 patients per year are affected by ESRD, and this number is increasing by 5% annually.
Asia-Pacific ranks as the fastest growing market with a CAGR of 10%. Therefore, more and more global players in the RDE market are going to explore the market in developing countries.
Companies listing
The report also profiles the following companies in the Renal Dialysis Equipment market Fresenius Medical Care, Baxter International, Nipro Corporation, B. Braun, Nikkiso, Asahi Kasei Corporation, and NxStage Medical.
The scope of the Renal Dialysis Equipment Market Report
By Equipment Type
Hemodialysis
Peritoneal dialysis
Continuous renal replacement therapy
By End-User
Hospitals/In-Clinics/Dialysis Centers
Home Care Settings
By Region
Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific)
Europe (Germany, France, The UK, Italy, Spain, Rest of Europe)
North America (The USA, Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Rest of the World
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