Biggest Growth of Kidney Dialysis Equipment
Added: (Sat Apr 22 2023)
Pressbox (Press Release) -
Kidney dialysis equipment is a vital aspect of medical technology used to treat end-stage renal disease (ESRD) patients who have lost most of their kidney function. Dialysis is an essential life-saving treatment option for such patients as it helps to remove excess fluid and waste products from the blood, thus maintaining the body's fluid and electrolyte balance. The kidney dialysis equipment market comprises various products and services such as haemodialysis machines, peritoneal dialysis equipment, and consumables like dialyzers, catheters, and fluids. The global Kidney Dialysis Equipment Market is primarily driven by the rising prevalence of chronic kidney diseases (CKD) worldwide. Additionally, the increasing number of patients opting for dialysis treatment due to the shortage of donor organs for kidney transplants is also driving the market growth. Technological advancements in the field of dialysis equipment, such as the introduction of portable and wearable devices, are expected to further propel market growth in the coming years.
The APAC region is expected to witness a CAGR of 9.9% by the end of the assessment period. The global kidney dialysis market of the APAC region will pocket a little over 30% of the total market share in 2016 and it will likely cross 35% by the end of 2024.
The global kidney dialysis equipment market is primarily dominated by two important players Fresenius Medical Care AG & Co. KGaA and Baxter Incorporated who collectively hold a significant market share of more than 60%. The Germany-based Fresenius Medical Care AG & Co. KGaA (Fresenius SE & Co. KGaA) has a robust presence in the various markets spread across the North America region.
Kidney dialysis equipment is a vital medical device used to treat patients with end-stage kidney disease. This equipment functions as an artificial kidney, removing waste and excess fluids from the blood that the kidneys can no longer eliminate. There are two main types of kidney dialysis equipment: haemodialysis and peritoneal dialysis. Haemodialysis uses a machine that filters the blood outside the body, while peritoneal dialysis involves filling the abdominal cavity with a special fluid that absorbs toxins and waste products. Kidney dialysis equipment has revolutionized the treatment of kidney disease and has allowed countless patients to live longer and healthier lives. However, it is not a permanent solution, and kidney transplantation is often necessary for those with end-stage kidney disease.
All the major companies present in the global kidney dialysis equipment market are eager to stay afloat in the highly competitive North America market by rapidly expanding and trying to venture into new zones with new product categories; however, leading market players are also tweaking their strategies to venture into new territories spread across another growing regional market – the Asia Pacific.
The North America region will hold more than 25% of the revenue share of the global kidney dialysis market till the end of 2016 but the market will lose its sheen by the end of 2024 because of emerging competition from the other corners of the globe. The improved healthcare economy in the APAC region will create a better ambience of growth for the global kidney dialysis equipment market.
Kidney dialysis equipment is a medical device used for the treatment of kidney failure. The equipment works by filtering waste products and excess fluids from the blood, which are normally removed by the kidneys. The machine uses a semi-permeable membrane to separate blood cells and plasma from the toxins and excess fluids. The filtered blood is then returned to the patient's body. Dialysis is a life-saving treatment for patients with end-stage kidney disease who are unable to perform kidney functions on their own. The equipment comes in different types, including haemodialysis and peritoneal dialysis machines. Haemodialysis machines require the patient to have a surgically created access site, while peritoneal dialysis uses a catheter inserted into the patient's abdomen. Overall, kidney dialysis equipment is crucial for the well-being of patients with kidney failure, and it has greatly improved the quality of life for many people around the world.