The global Kidney Dialysis Equipment Market Growth Accelerated by Technological Advancements


 Kidney dialysis equipment are medical devices used for patients with kidney failure or whose kidneys are not functioning properly. These equipment help remove waste products from the blood when the kidneys are not able to perform this function naturally. They help improve the quality of life for patients by removing excess fluid, electrolytes, and toxins from the body.

The global Kidney Dialysis Equipment Market is estimated to be valued at US$ 115.12 billion in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Technological advancements is one of the key trends driving the growth of the kidney dialysis equipment market. Manufacturers are focusing on developing innovative products with advanced features to provide better treatment outcomes. For instance, companies are working on portable and wearable kidney dialysis equipment to provide flexibility to patients. Miniaturization of equipment is also gaining traction as it allows patients to carry out dialysis at home or during travel. Integration of IoT and AI is further enabling remote monitoring of patients and personalized treatment protocols. This is expected to boost adoption rate and fuel the kidney dialysis equipment market growth over the forecast period.

Segment Analysis
The global kidney dialysis equipment market is dominated by hemodialysis segment. Hemodialysis accounts for nearly 95% share of the overall market as it is the most common form of dialysis prescribed by nephrologists for patients with kidney failure. It is preferred over peritoneal dialysis as it is considered more effective in removing wastes and fluid from the body.

Key Takeaways
The global kidney dialysis equipment market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2022 was $20 billion and is projected to reach nearly $35 billion by 2030, growing at a CAGR of 6.6%.

Regional analysis:
North America currently dominates the kidney dialysis equipment market, accounting for over 40% share. This is attributed to high prevalence of chronic kidney disease, growing elderly population, and presence of established healthcare infrastructure and major players in the region. However, Asia Pacific is expected to witness fastest growth during the forecast period supported by increasing dialysis procedures, improving access to healthcare facilities, and growing medical tourism industry.

Key players:
Key players operating in the kidney dialysis equipment market are Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., B. Braun Melsungen AG, Nipro Corporation, Nikkiso Co. Ltd. Fresenius Medical Care dominates with over 30% market share led by its wide product portfolio and global presence across over 120 countries.

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