Dialysis Devices And Equipment Global Market To Reach Value Of About $29 Billion In 2030
6 Jan, 2021
The dialysis devices and equipment market consists of the sale of dialysis devices and equipment and related services by entities (organizations, sole traders and partnerships) that manufacture dialysis devices and equipment which are used in the treatment of dialysis patients. The dialysis devices and equipment industry includes establishments that manufacture dialysis devices and equipment such as dialyzers and dialysis pumping machines and other instruments used in the dialysis process, including blood pumps, catheters and tubing kits.
Global Dialysis Devices And Equipment Market Size:
The global dialysis devices and equipment market declined from $16.53 billion in 2019 to $13.29 billion in 2020 at a rate of -19.6%. The decline was mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is expected to recover and grow at a CAGR of 8.7% from 2021 and reach $19.59 billion in 2023. The market is expected to reach $21.93 billion in 2025 and $29.01 billion in 2030.
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Trends In The Global Dialysis Devices And Equipment Market
The preference towards home therapies is increasing due to its flexible treatment options, reduction in costs and fear over on-going coronavirus infection. According to the many evidences, COVID-19 causes serious immunity problems in the most severely ill patients. The studies also suggest that COVID-19 infection causes acute kidney injury (AKI). People on dialysis need to visit clinics or hospitals 2-3 times per week, where patients are feared to get infected by a coronavirus. The need to diagnose, treat and monitor patients without human contact has risen, to contain the spread of COVID-19, resulting in increased preference for home dialysis among patients.
Global Dialysis Devices And Equipment Market Segments:
The global dialysis devices and equipment market is further segmented based on type and geography.
By Product –
a. Hemodialysis Devices
b. Peritoneal Devices
c. Continuous Renal replacement Therapy (CRRT)
By End-User –
a. Hospitals And Clinics
b. Homecare Settings
c. Ambulatory Surgical Centers
By Geography: The global dialysis devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global dialysis devices and equipment, accounting for 34.5% of the total market. It was followed by Asia-Pacific and Western Europe, and then the other regions. Going forward, the fastest-growing regions in the dialysis devices and equipment will be the Middle East, and Asia Pacific, where growth will be at CAGRs of 6.9% and 6.6% respectively. These will be followed by Eastern Europe, and the Africa, where the markets are expected to grow at CAGRs of 5.3% and 4.1% respectively.
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Dialysis Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides dialysis devices and equipment market overviews, analyzes and forecasts market size and growth for the global dialysis devices and equipment market, dialysis devices and equipment market share, dialysis devices and equipment market players, dialysis devices and equipment market segments and geographies, dialysis devices and equipment market’s leading competitors’ revenues, profiles and market shares. The dialysis devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.