Dialysis Equipment Market Gaining Traction Owing to Surplus Geriatric Population

Posted by niharika on July 10th, 2019

Global Dialysis Equipment Market: Snapshot

As per the latest research report published by IndsutryARC, the global dialysis equipment market was valued at .4 billion as of 2018. And, the market value is projected to increase at a compound annual growth rate (CAGR) of 4.4% during the forecast period of 2019 to 2025. The report is titled "Dialysis Equipment Market: By Treatment (Hemodialysis, Others) Renal Products (Hemofilter, Others) Types of Dialysis Membrane (Unmodified cellulose low-flux membranes, Others) Application (Virus Purification, Others) End Users (Hospitals, Others) & Geography - Forecast(2019 - 2025)."

Kidney disease can be related to the exuberant economic burden and changing lifestyle of the citizens. Moreover, according to the World Health Organization (WHO), the death toll related to acute kidney injury (AKI) reaches 1.7 million annually each year. Chronic kidney diseases are subjected to increase the risk of various unfortunate diseases such as diabetes, cardiovascular disease, hypertension, malaria, and HIV. The increasing geriatrics population, unhealthy diet plans, and changing the lifestyle of the population in developed economies such as the Americas and Europe are some of the major growth drivers for the dialysis equipment market. The region is accounted for sharing 34% of the total marketplace in the global dialysis equipment market. 

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According to the National Kidney Foundation, more than 2 million individuals worldwide currently pursue treatment with dialysis or kidney transplant to dodge mortality.   Among all other equipment, the hemodialysis device is considered as the key application in the treatment increasing at a CAGR of 3.5% through the aforementioned forecast period.

Renal replacement therapy commonly known as dialysis is a method of removing water and toxins from the blood in case of kidney failures in humans. The most common types of dialysis are hemodialysis, peritoneal dialysis, hemofiltration, hemodiafiltration, and intestinal dialysis.The dialysis process is carried out with the help of equipment such as a dialyzer, blood line systems, and other hemodialysis equipment.

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Global Dialysis Equipment Market Companies: Recent DevelopmentsSome of the key players influencing the global market are:-Baxter, Asahi Kasei Corporation, Fresenius Medical Care AG & Co. KGaA, Cantel Medical, Rockwell Medical, JMS Co. Ltd., Teleflex Incorporated, B. Braun Melsungen AG, NIPRO, HEMOCLEAN CO., LTD., Quanta, and Outset Medical Inc.

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niharika
Joined: July 9th, 2019
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