The dialysis market will be driven by technological advancements in the healthcare equipment sector. Innovations in dialysis machines and dialyzers, and advancements in dialysis procedures not only ensures the safety and reliability of the therapy but it also enhances the positive outcome of the treatment.
A U.S. based company VenoStent recently discovered a new type of polymer that can be useful in cell growth while healing from the dialysis surgery. As failed dialysis surgeries occur in nearly 55% to 65% of patients with end-stage renal disease, this discovery will help to enhance care for end-stage kidney disease patients.
Rise in R&D expenditure by major industry players such as Fresenius Kabi and Baxter for developing advanced dialysis equipment will boost the holistic industry growth in the coming few years. According to a Global Market Insights, Inc., analysis report, global dialysis market size is projected to surpass US$110 billion by 2026. Mentioned below are some factors driving the market outlook.
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Nano-filter artificial kidney
The invention of a nano-filter artificial kidney that works as a tiny dialysis machine resembling a small portable kidney, stands as one of the recent technological advancements in the dialysis market. The device enables the mobility of patients when connecting with the dialysis ports on the neck. The technological evolution, along with the introduction of innovative medical products and devices, will enable healthcare professionals to combat chronic diseases and to get desired outcomes.
Prevalence of hemodialysis
Based on the types of dialysis, the dialysis market is categorized into hemodialysis and peritoneal dialysis. As compared to peritoneal dialysis, hemodialysis requires less time for the treatment and has a relatively low risk of infection. Notably, the hemodialysis segment brought in more than US$68 billion in 2019. Additionally, the presence of trained medical professionals during hemodialysis procedures and the advantages associated with it will encourage its preference among patients.
Advanced dialysis machines
The dialysis equipment segment sub-categorized into water treatment systems and dialysis machines. Dialyzers concentrate, catheters, access products, and others come under the consumable segment. Leading companies are emphasizing on research and development activities to develop water treatment systems and advanced dialysis machines. The growing prevalence of severe kidney conditions such as end stage renal disease (ESRD) especially among the elderly population will escalate the requirement for dialysis machines in hospitals, dialysis centers and for home use.
Demand for in-center dialysis therapy
In-center dialysis is performed in specialized dialysis centers in the presence of trained professionals. Notably, the in-center dialysis market share is likely to grow at nearly 5% CAGR up to 2026. In-center dialysis facilitates treatment as well as patient assessment that also reduces travel time, giving better convenience to patients.
Technological advancement in APAC
Asia Pacific dialysis market will be driven by the growing prevalence of severe renal disease and consistent demand for advanced dialysis machines. Reportedly, the Asia Pacific accounted for more than US$21 billion in 2019 of the global dialysis market. Consistently rising dialysis demand developed countries like Japan will be attributed to robust technological advancement.
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Also, improving healthcare infrastructure, beneficial healthcare subsidies and reimbursement policies indicate a developed healthcare facility regionally. Prominent names comprising dialysis market are Toray Industries, Medtronic, B. Braun Melsungen AG, Baxter, KAWASUMI LABORATORIES INC., JMS Co. Ltd, DaVita Inc., Fresenius Medical Care AG & Co, and Asahi Kasei Corporation.
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