KIDNEY DIALYSIS EQUIPMENT MARKET ANALYSIS

Kidney Dialysis Equipment Market Size and Trends

Global kidney dialysis equipment market is estimated to be valued at USD 21.41 Bn in 2024 and is expected to reach USD 30.10 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5% from 2024 to 2031. Rising prevalence of end-stage renal diseases across the globe can drive the market growth.

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Global kidney dialysis equipment market is expected to witness a steady growth over the forecast period, owing to increasing incidences of chronic kidney diseases. Factors such as growing geriatric population, rising cases of diabetes and hypertension, technological advancements in dialysis equipment and growing awareness about kidney disease treatment and management can boost adoption of kidney dialysis equipment. Furthermore, favorable reimbursement policies for dialysis procedures in developed nations and launch of innovative products by market players can drive the market growth over the forecast period.

Rising Prevalence of Chronic Kidney Diseases

Global kidney dialysis equipment market growth is driven by rising prevalence of chronic kidney diseases across the globe. Kidney diseases have become one of the major causes of mortality and poses a huge burden on healthcare systems worldwide. Various chronic conditions like diabetes, hypertension, glomerulonephritis contribute to rising incidence of kidney failure. According to the data published by WHO, chronic kidney diseases affected around 1.2 million people globally in 2020 and the number is estimated to increase substantially in the near future. Rising geriatric population  also increases incidence of chronic kidney diseases with age being a significant risk factor. Moreover, growing prevalence of an unhealthy lifestyle characterized by poor diet, lack of physical exercise, rising stress levels and increased consumption of alcohol and tobacco products has further aggravated the risk of kidney ailments. Increase in risk factors is anticipated to trigger higher cases of end-stage renal disease (ESRD) that warrants renal replacement therapies like kidney dialysis, kidney transplantation for survival. Improving access to diagnosis and availability of dialysis services in developing regions enables more patients to receive life-saving renal replacement treatments. Rising cases of chronic kidney diseases and ESRD patients depending on dialysis procedures have significantly boosted demand for kidney dialysis equipment. For instance, in October 2021, according to a study published by Frontiers in Public Health, urinary tract infections (UTIs) led to approximately 7 million outpatient visits, 1 million emergency outpatient visits, and 100,000 hospitalizations annually among the elderly, comprising about 25% of all infectious diseases in this age group. In April 2022, according to a study published by Kidney International Supplements, chronic kidney disease affects over 10% of the global population, totaling more than 800 million individuals.

Technological Innovations and Product Advancements

Technological innovations and product advancements can drive the global kidney dialysis equipment market growth. Kidney failure patients require long-term dialysis treatment to filter waste and excess fluid from their blood, and this treatment requires advanced dialysis machines and related products. Over the past few years, key market players have invested heavily in research and development to introduce next-generation equipment with improved functionalities. For example, major manufacturers are focusing on developing portable and home hemodialysis devices with improved usability. These new compact systems allow patients to receive treatment outside of dialysis clinics, offering greater flexibility and improving their quality of life. Various innovations such as easy-to-use tubing and automated settings have made home hemodialysis systems patient-friendly. According to the data published by the United States Renal Data System, home hemodialysis treatments in the U.S. had increased from 2,345 patients in 2015 to 5,363 patients in 2020. Manufacturers are utilizing artificial intelligence and digital technologies to make dialysis therapy more customized and effective. Some new products analyze treatment data to help clinicians finely tune the process for each individual. Sensors embedded in dialyzers and bloodlines now enable real-time monitoring of various parameters.