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August 27, 2019 | Healthcare
The Dialysis Equipment Market in Asia Pacific was valued at US$ 5,573.0 Mn in 2017. The region will remain dominant at a global scale owing to the increasing incidence of end-stage renal disease. According to a report by Fortune Business Insights, titled “Dialysis Equipment Market: Global Industry Analysis, Insights and Forecast, 2017-2025,” the global dialysis equipment market was valued at US$ 15,092.0 Mn in 2017 and is projected to reach US$ 22,405.4 Mn by 2025, exhibiting a CAGR of 5.1% in the forecast period.
Rise in the Prevalence of Chronic Kidney Diseases and End-Stage Renal Diseases to Boost Growth
Two of the most prominent risk factors that have been causing chronic kidney diseases are high blood pressure and diabetes. These factors have resulted in the rapid growth of chronic kidney disease and end-stage renal disease.
This in turn, is anticipated to propel the global dialysis equipment market sales in the forthcoming years. Also, key market players have been increasing their share of healthcare expenditure that will further aid in the treatment of chronic kidney disease and end-stage renal disease. This will make way for several growth opportunities of the dialysis equipment market during the forecast period.
Reduction in the Cost of Treatment Likely to Increase Demand for Peritoneal Dialysis Equipment
In terms of dialysis equipment type, the market is grouped into hemodialysis equipment and peritoneal dialysis equipment. Out of these, the segment of hemodialysis equipment currently holds the largest share of the global dialysis equipment market. However, the segment of peritoneal dialysis equipment is anticipated to witness a significant portion of the global market during the forecast period.
This will occur because of a rise in the operating flexibility of peritoneal dialysis, higher level of patient comfort, and decreasing cost of treatment. Moreover, the increasing incidence of chronic kidney disease and end-stage renal disease in the developing countries will contribute to the growth of the global dialysis equipment market during the forecast period.
Fortune Business Insights predicts that by the end of 2025, there will be a rise in the adoption of peritoneal dialysis in the emerging countries. This is likely to happen as peritoneal dialysis is much more efficient than hemodialysis in terms of functionality, session time, and cost.
Increasing Awareness Programs Imparting Knowledge on Dialysis to Favor Growth in Asia Pacific
The global dialysis equipment market is geographically divided into North America, the Middle East and Africa, Latin America, Asia Pacific, and Europe. Amongst these, Asia Pacific is expected to lead the market during the forecast period.
Increasing number of awareness campaigns to educate the masses regarding renal diseases and the effectiveness of dialysis equipment is one of the major drivers of the dialysis equipment market in this region. Furthermore, the healthcare infrastructure has been developing at a fast pace in several developing and developed nations. This is likely to boost growth of the market.
North America, on the other hand, is projected to remain in the second position in terms of revenue in the coming years. This is because the region has been witnessing advancements in healthcare infrastructure and this has led to the participation of numerous enterprises who are investing huge sums in the healthcare domain. Also, the number of dialysis patients has increased considerably which is likely to increase the adoption of advanced technologies when it comes to dialysis equipment.
Fortune Business Insights has profiled some of the leading companies operating in the global dialysis equipment market. A few of them are Nikkiso Co., Ltd., Fresenius Medical Care, Toray Medical Co. Ltd., Baxter, JMS Co. Ltd., B Braun Melsungen, Asahi Kasei Corporation, Nipro Corporation, and other prominent market players.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/dialysis-equipment-market-101252
The global dialysis equipment market can be segmented into:
By Dialysis Equipment Type
By End User