Kidney Dialysis Equipment Market is Estimated to Witness High Growth Owing to Rising Incidences of End Stage Renal Disease

Kidney dialysis equipment is used to filter waste products and excess fluid from the blood in patients with partial or complete kidney failure. Dialysis equipment consists of artificial kidney machines, dialyzers, bloodlines, dialysate solutions, and various other supplies to remove toxins and excess fluid from the blood. Kidney failure can occur due to various causes such as diabetes, high blood pressure, glomerulonephritis, polycystic kidney disease and chronic damage. The demand for dialysis equipment is rising owing to the increasing prevalence of chronic kidney diseases and end-stage renal disease.

The global kidney dialysis equipment market is estimated to be valued at US$ 15.4 billion in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity: The rising incidences of end-stage renal disease(ESRD) across the world represents a key opportunity for growth of the kidney dialysis equipment market over the forecast period. According to the data from National Kidney Foundation, in 2020, around 786,000 Americans suffered from ESRD. This number is projected to rise to over 1.1 million by 2030. With increasing cases of kidney failure, the demand for dialysis machines and associated equipment will also increase significantly. This widespread prevalence of ESRD thus offers tremendous growth potential for manufacturers of kidney dialysis equipment in the upcoming years.

Porter’s Analysis
Threat of new entrants: The threat of new entrants in the kidney dialysis equipment market is moderate. High costs involved in R&D, manufacturing, distribution and acquiring regulatory approvals pose significant entry barriers.
Bargaining power of buyers: The bargaining power of buyers is high due to the presence of several large players and availability of substitutes. Buyers can negotiate on price and demand discounts.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are several suppliers providing raw materials and components required for manufacturing dialysis equipment. However, switching costs are low.
Threat of new substitutes: The threat of new substitutes is low as kidney transplant is the only major substitute for end-stage renal disease treatment. However, its availability is limited.
Competitive rivalry: The competitive rivalry in the market is high due to presence of large multinational players competing on the basis of product features, quality, and price.

SWOT Analysis
Strength: The rising prevalence of chronic kidney diseases and end-stage renal disease is driving the demand for dialysis equipment. Technological advancements enabling home-based dialysis treatments are expanding the scope.
Weakness: High costs associated with dialysis equipment and procedures can limit their access in low and middle-income countries. Dialysis imposes a chronic treatment regime posing compliance challenges.
Opportunity: Growing healthcare expenditures in emerging nations provide growth opportunities. Favorable government policies and reimbursement schemes are encouraging the adoption of dialysis.
Threats: Stringent regulatory framework for new product approvals can delay market entry. Supply chain disruptions during the pandemic restricted access to dialysis therapies.

Key Takeaways
The global kidney dialysis equipment market is expected to witness high growth with an estimated CAGR of 6.6% during the forecast period of 2023 to 2030. The market size in 2023 is projected to be around $15 billion.

Regional analysis – North America dominates the global market owing to the advanced healthcare infrastructure and increasing ESRD patient pool in the US and Canada. Asia Pacific is poised to register fastest growth led by China, Japan, and India on account of unmet medical needs, improving access and favorable funding for dialysis.

Key players – Key players operating in the kidney dialysis equipment market are Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., Nipro Corporation, B. Braun Melsungen AG, Asahi Kasei Medical Co. Ltd., Terumo Corporation, Nikkiso Co., Ltd., Toray Medical Co., Ltd.