Global Kidney Dialysis Equipment and Supplies Market to Be Worth US$27.5 Billion by 2027
The global market for Kidney Dialysis Equipment and Supplies is projected to reached a revised size of US$27.5 billion by 2027.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Kidney Dialysis Equipment and Supplies market. Report segmentation includes Type (Hemodialysis, Peritoneal Dialysis, CRRT Systems); Application (Hospitals, Clinics, Other Applications)
24 June 2:35 A.M., California/Marketwire/ - According to the new market research report, one of the few industries to buck the virus led recession is the healthcare industry. The global market for Kidney Dialysis Equipment and Supplies is projected to reached a revised size of US$27.5 billion by 2027. With the pandemic exposing the under-preparedness of health systems worldwide, the healthcare industry has suddenly emerged into a key focus area. Governments worldwide have voiced plans to strengthen healthcare system. Already governments have announced budgetary support to strengthen the health system's response to COVID-19. From stepping up research activities, constructing new hospitals, adding more capacity in the form of additional beds, procuring critical care life support devices such as ventilators to training, hiring healthcare staff, several measures are being implemented.
Interestingly, after respiratory failures in acute cases of infections sent hospitals scrambling for ventilators, it is now time to stockpile on kidney dialysis equipment and supplies as several cases emerge with acute kidney injury as a result of co-morbid complications. The prevalence of kidney failures has abruptly spiked in ICUs in hospitals worldwide creating a worrisome shortage of dialysis machines and even dial sate solution. The path physiology and burden of acute kidney injury (AKI) associated with COVID-19 is growing as increasing number of elderly people get infected with the virus. In the beginning of the pandemic the burden of AKI with COVID-19 was estimated at a low of 2% to 8%. However, with the rapid spread of the disease to over 99 countries worldwide, incidence rates of Achieve risen by over 17% throwing the focus on management of kidney failure in COVID-19 patients in addition to respiratory failure.
The COVID-19 pandemic is therefore pushing primary care to the brink of collapse, highlighting the need for strengthening the healthcare system. Significant funds in the post COVID-19 period will be mobilized for upgrading and developing hospital infrastructure. Given the current state of the global healthcare system, over 5.5 billion people will have no access to affordable healthcare by the year 2030. The world will need to double its healthcare coverage in the coming years. Countries worldwide will need to intensify efforts to expand healthcare services and increase spending to least an additional 1.5% to 2. 0% of GDP on primary care than current spends to ensure universal health coverage by 2030. The scenario brings good news for medical equipment manufacturers including kidney dialysis equipment and supplies.
Dialysis is performed in two basic methods that include Hemodialysis (HD), the widely used method mainly intended for ESRD patients, and Peritoneal Dialysis (PD), designed for renal failure that can also function as an alternative to HD method. Whichever is the technique applied, basic focus remains on filtering the blood-borne waste materials by pumping the blood through a semi permeable membrane that aids in passing out toxins, waste products and other high-concentration elements present in the blood. Besides removing waste products, dialysis also facilitates optimal composition of the blood, while regulating the levels of sodium, potassium and chloride, and also the blood pressure (BP). Both the methods vary in terms of application. While HD method uses a mechanical dialyzer that functions as artificial kidney to clean the blood and remove toxins and extra fluids from it, PD method utilizes the peritoneal membrane, the lining that envelops the abdominal cavity comprising intestines, stomach, spleen and liver. Since the mechanism for both the methods varies, separate set of equipment and supplies are needed to implement the dialysis procedure with each method. HD treatment is performed with the help of hemodialysis machines, blood pumps, hemodialysis catheters, dialyzers, dialysates and hemodialysis tubing kits.
Key Competitors Covered in the Report
Asahi Kasei Medical Co. Ltd.
B. Braun Melsungen AG
Baxter International Inc.
DaVita Kidney Care
Fresenius Medical Care AG & Co. KGaA
Fresenius Medical Care North America
JMS Co. Ltd.
Medical Components Inc.
Nikkiso Co. Ltd.
Toray Medical Co. Ltd.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 7504. Among this pool, 1051 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 223 unique participations, a total of 101 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
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