The Dialysis Devices And Equipment Global Market Report 2023 by The Business Research Company, provides dialysis devices and equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Dialysis Devices And Equipment Global Market Report 2023, the global dialysis devices and equipment market size will grow from $4.72 billion in 2022 to $5.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global dialysis devices and equipment is expected to grow to $6.12 billion in 2027 at a CAGR of 5.1%.
The increasing prevalence of kidney failure is driving the dialysis devices and equipment market. The main purpose of dialysis devices and equipment is to artificially filter the blood to get rid of any toxins in the blood and to prevent such waste products from reaching hazardous levels. Chronic kidney disease (CKD) is a condition in which the kidneys are damaged and cannot filter the blood. According to the National kidney Foundation, in 2021, kidney disease affects 37 million people in the US and 90% of the patients are unaware about it. 2 in 5 adults who had serious kidney disease didn’t know that they had it.
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The dialysis devices and equipment market is segmented:
1) By Product: Hemodialysis Devices, Peritoneal Dialysis Devices
2) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers, Home Care Settings
3) By Application: Serum And Blood Treatment, Virus Purification, Drug Binding Studies, Other Applications
The latest trend in the dialysis devices and equipment market is the use of technology to develop innovative products that can enhance functionality. To enhance the quality of the devices, new methods are being developed to speed up the process of filtering blood and improve the overall filtration process. As a result of improved technology products like Revaclear High-Flux Dialyzer by Baxter, which enhances the filtration process of the blood by improving the speed at which the blood is filtered are being developed. Revaclear dialyzers are devices that can help detect renal failure by hemodialysis. With the improvement in technology, innovations in devices are expected to continue.
The dialysis devices and equipment market report table of contents includes:
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