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    Breaking News

    Dialysis Equipment Market to Reach $23.62B by 2028

    Rising incidences of diabetes and hypertension is expected to fuel the sector's growth.

    Dialysis Equipment Market to Reach $23.62B by 2028
    Michael Barbella, Managing Editor10.04.22
    Gradual, but steady.

    Such is the forecast for the global dialysis equipment market over the next six years. Future Market Insights (FMI) predicts the sector to expand 4.8% annually to go swell from $17.87 billion this year to $23.62 billion in 2028. Market drivers include the world's aging population, rising incidences of diabetes and hypertension, accelerated demand for portable and easy-to-access medical equipment for kidney diseases, and growing numbers of patients with end-stage renal disease (ESRD). Increasing cases of diabetes and blood pressure elevate the risk of kidney diseases. 
     
    Additionally, a rise in government initiatives and investments in the healthcare sector, especially in developing economies, is expected to boost dialysis equipment sales. Countries like India, China, Japan, and Brazil report heightened incidences of kidney disorders, and the demand for advanced dialysis equipment is high in these regions. 
     
    “Increasing investments in R&D activities to release dialysis equipment that facilitate optimal treatment for all age groups will likely augment the sales of dialysis devices in the global market,” a FMI analyst notes.   
     
    The global dialysis equipment market is a fairly competitive market with key players focusing on research and development activities to enhance the efficiency of the existing product base as well as to expand their product portfolio. These players are engaged in employing mergers, partnerships, collaborations, and acquisition strategies to improve their global market penetration. Baxter, Asahi Kasei Corporation, Fresenius Medical Care AG & Co. KGaA, Cantel Medical, Rockwell Medical, JMS Co. Ltd., Teleflex Incorporated, B. Braun Melsungen AG, NIPRO, HEMOCLEAN Co. Ltd., Quanta, and Outset Medical Inc. are some of the key organizations in the dialysis equipment market.
     
    The market is segmented based on product type (hemodialysis devices (hemodialysis machines, dialyzers and filters, vascular access devices), peritoneal dialysis devices (automated peritoneal dialysis machines (dialyzers and filters, vascular access devices)), continuous renal replacement therapy (CRRT), consumables), disease condition (chronic, acute), end use (hospitals, clinics, ambulatory surgical centers, home care settings), and region.
     
    According to recent FMI reports, North America will continue to dominate the market through 2028. Due to its vast diabetic population along with increasing cases of obesity, hypertension, and other lifestyle diseases, the U.S. is leading the regional market growth. Overall, North America is expected to account for 29.8% of the total market share and the U.S. is expected to exhibit 3.6% annual growth over the next six years. The elevated presence of chronic kidney diseases (CKD) is also a contributing factor to the positive market growth of this region.
     
    The Asia Pacific region will dominate the dialysis equipment market in terms of growth potential for the forecast period. Emerging economies with dense populations will account for the region’s market growth and expansion. China is expected to grow 6.6% annually in terms of market demand and will account for the ownership of a major market share in the East Asia region. This is owing to the growing need for technologically advanced medical equipment for the rising number of patients dealing with kidney diseases in the region.
     
    The dialysis equipment market in India, too, is predicted to grow at 5.1% annually. Growing investments in the healthcare sector by the government is accountable for this boost in market growth.
     
    By product type, Continuous Renal Replacement Therapy (CRRT) is expected to gain traction in the market. The shorter time period required for the suturing process contributes to the market growth of this segment. The process is gentle on the body and executes optimal fluid removal than the standard dialysis technique. 

    Based on disease conditions, the chronic segment is expected to dominate the market. Owing to the rising incidences of chronic kidney disease, especially in the geriatric population, this segment is likely to continue to grow in the forthcoming years.
     
    By end use, the hospital segment will occupy the dominant share of the market share. The availability of advanced dialysis equipment coupled with the presence of trained healthcare practitioners fuels the growth of this segment.

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