Global Dialysis Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025
"The global dialysis market will grow at a CAGR of 5.0% during the forecast period 2019-2024".
This market research report includes a detailed segmentation of the global dialysis market by procedure types (hemodialysis and peritoneal dialysis), by product types (equipments, consumables, and services), by end-users (hospitals, dialysis centers, and others), and by regions (North America, Europe, APAC, and RoW).
The market is classified into different procedure categories: hemodialysis and peritoneal dialysis and by product types: equipments, consumables, and services. The adoption of hemodialysis or peritoneal dialysis is mandate for a person suffering from chronic kidney diseases.
The device is popular in all healthcare facilities and the increase use of dialysis machines have bought a significant clinical purpose for treating ESRD. The hospital and other healthcare facilities have separate dialysis units. Similarly, the other care centers are propelling with cost-effective dialysis machines and supplies.
Dialysis market is driven by innovative and advanced technical medical devices that have applied to dialysis machine. The introduction of new generation sensors, components, and single chip solutions components have made a significant impact on the design and structure of the dialysis machine.
Most of the manufacturers have high focus on patient and operator parameters as this machine is highly regulated and certified based on safety parameters. This is further been regulated by regularity bodies such as FDA, CE, and CDSCO, which has imposed huge challenges for the medical device manufacturers. Further, the market is expected to see a significant growth with increase in diseases patterns and new wave in the innovation in dialysis.
Inquire for Regional Report :
⇨ Saudi Arabia Dialysis Market
⇨ Japanese Dialysis Market
⇨ US Dialysis Market
⇨ Philippines Dialysis Market
⇨ South Africa Dialysis Market
⇨ China Dialysis Market
Segmentation by Procedure Types:
Hemodialysis segment was valued over $70.1 billion in 2018 and is estimated to grow with a similar trend during the forecast period. Increasing demand for hemodialysis and peritoneal dialysis in treatment of chronic renal diseases is expected to increase the product market.
Peritoneal dialysis segment is expected to grow at a CAGR of more than 6% during the forecast period. The rise in technological advancements and increase preference for peritoneal dialysis in recent years is accelerating the growth in coming years.
Segmentation by End-users:
In 2018, hospitals gained the highest share in the dialysis market with large volumes of diagnostics and treatments globally.
Segmentation by Regions:
In terms of regional analysis, the market is dominated by North America due to advancements in technology, presence of leading vendors, increase in regulatory reforms, and changes in reimbursement policies. Europe is followed by North America and has similar potential in growth and development.
APAC is the most focused and fastest growing region due to vast opportunities for vendors to establish their presence. The factors such as the presence of a large pool of chronic patients, increasing aging population, support from the government, and health & wellness programs are expected to boost the market growth. APAC, Latin America, and RoW are the most focused and fastest growing regions due to vast opportunities. Moreover, most of the countries in these regions are focusing on increasing
healthcare expenditure from the government as there is excess growth in medical technology in Brazil, China, India, Mexico, Indonesia, Iran, South Korea, Nigeria, and South Africa.
Competitive Analysis :
The competition among leading vendors is due to the availability of a wide range of dialysis machines with different brand names in the market. This provides an opportunity for healthcare consumers (dialysis services facilities) to choose products based on brand, price, features, model, and discount. Most of the vendors are focusing on providing bundling product models for increasing their sales and having a larger market share in terms of revenue.
Many vendors have established their market presence globally and focus strongly on marketing and selling their products by competing with small and regional vendors. Therefore, the competition among the vendors is expected to hinder the market growth, yet the market will have more products developed and launched. Most of the vendors are primarily focusing on research and development to offer fast technological progress. Manufacturers including major and mid-sized companies in the dialysis market are competing with newer products, advanced features, quality, safety, and efficacy.
The competition is growing among the healthcare service providers – hospitals, dialysis centers, and other healthcare facilities where the customer groups are being consolidated for purchasing products. Diversified product portfolio companies, large volume product buyers (hospitals), and primary competitors (single product manufacturers) have strong market positions in certain segments and regions due to their wide range of products and services they offer.
New competitors especially from Asia are also taking the competition to a new high with quality, safety, and efficacy of the product over the past few years.
Key Vendors:
Key Competitive Facts:
Benefits :
The report provides complete details about the usage and adoption rate of dialysis systems. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives towards the medical devices segment in the upcoming years along with details of the pureplay companies entering the market.
Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals and to analyze before investing or expanding the business in this market.
Key Takeaways:
Table of Contents
1 Industry Outlook 8
1.1 Medical Devices Industry 8
1.1.1 Overview 8
1.1.2 Geography 8
1.1.3 Medical Technologies 9
1.1.4 Industry Trends 10
1.2 Healthcare Spending 12
1.2.1 US 12
1.2.2 Europe 12
1.3 Regulatory Bodies & Standards 13
1.4 Reimbursement Scenario 14
1.5 Emerging Global Markets 15
1.6 Patient Demographics 17
1.7 Definition: Dialysis 18
1.7.1 Why Dialysis? 19
1.8 Healthcare Spending in the US 19
1.9 PESTLE Analysis 20
2 Report Outline 22
2.1 Report Scope 22
2.2 Report Summary 22
2.2.1.1 Overview 22
2.3 Research Methodology 23
2.4 Report Assumptions 24
3 Market Snapshot 25
3.1 Total Addressable Market (TAM) 25
3.2 Segmented Addressable Market (SAM) 27
3.3 Related Markets 29
3.3.1 Medical Imaging Devices 29
3.3.2 Medical X-ray Equipment 30
3.3.3 MRI Equipment 30
3.3.4 Mammography Devices 30
3.3.5 Healthcare X-ray Detectors 30
3.4 Porter 5 (Five) Forces 30
4 Market Characteristics 32
4.1 Market Segmentation, By Procedure Type 32
4.1.1 Hemodialysis 33
4.1.2 Peritoneal Dialysis 34
4.2 Dialysis Market, By Product Type 36
4.2.1 Equipments 37
4.2.2 Services 37
4.2.3 Consumables 38
5 Market Dynamics 39
5.1.1 Drivers 40
5.1.1.1 Increase incidence of chronic kidney disease 40
5.1.1.2 Rise in number of chronic diseases causing kidney failure 40
5.1.1.3 Increase in number of dialysis centers 40
5.1.1.4 Growing aging population 41
5.1.2 Restraints 41
5.1.2.1 High cost of dialysis 41
5.1.2.2 Complications of dialysis 42
5.1.2.3 Inadequate reimbursement in developing countries 42
5.1.2.1 Intense competition among vendors 42
5.1.3 Opportunities 43
5.1.3.1 Technological advancement – dialysis machines 43
5.1.3.2 Lucrative growth opportunity in emerging markets 43
5.1.3.3 Introduction of user-friendly and cost-effective dialysis systems 43
5.1.3.4 Rise in demand of portable dialysis machine 44
5.1.4 DRO – Impact Analysis 45
5.2 Key Stakeholders 46
6 End-Users 47
6.1 Overview 47
6.2 Hospitals 47
6.3 Specialty Centers 48
6.4 Others (Nursing Homes and Clinics) 49
7 Regions 50
7.1 Overview 50
7.1.1 North America 52
7.1.1.1 Market overview 52
7.1.2 Europe 53
7.1.2.1 Market overview 53
7.1.3 APAC 54
7.1.3.1 Market overview 54
7.1.4 Rest of the World 55
7.1.4.1 Market overview 55
8 Competitive Landscape 58
8.1 Competitor Comparison Analysis 58
9 Vendor Profiles 59
9.1 Baxter International Inc. 59
9.2 B. Braun Melsungen AG 61
9.3 Davita Medical Group 64
9.4 Fresenius Medical Care 66
9.5 Nipro Corporation 69
10 Companies to Watch for 73
10.1 Metdronic plc (Covidien plc) 73
10.2 Nikkiso Co.,Ltd 74
10.3 MEDIVATORS 75
11 Other Vendors 77
Annexure 78
Abbreviations 78
List of Tables
TABLE 1 MEDICAL DEVICES BY CATEGORY 25
TABLE 2 TOP LISTED MEDICAL DEVICES COMPANY 2018 26
TABLE 3 GLOBAL DIALYSIS MARKET BY END-USERS 49
TABLE 4 GLOBAL DIALYSIS REVENUE BY REGIONS FORECAST, 2019–2025 ($BILLION) 51
TABLE 5 BUSINESS SUMMARY: BAXTER INTERNATIONAL INC 60
TABLE 6 BUSINESS SUMMARY: B BRAUN MELSUNGEN AG 63
TABLE 7 BUSINESS SUMMARY: DAVITA MEDICAL GROUP 65
TABLE 8 BUSINESS SUMMARY: FRESENIUS MEDICAL CARE 68
TABLE 9 BUSINESS SUMMARY: NIPRO CORPORATION 71
TABLE 10 BUSINESS SUMMARY: MEDTRONIC PLC 73
TABLE 11 BUSINESS SUMMARY: NIKKISO 74
TABLE 12 BUSINESS SUMMARY: MEDIVATORS 75
List of Charts
CHART 1 GLOBAL MEDICAL DEVICES MARKET SEGMENTATION 11
CHART 2 THIRD PARTY REIMBURSEMENT AND COVERAGE IN MEDICAL DEVICE INDUSTRY 17
CHART 3 IMPERATIVES OF EMERGING MARKETS 19
CHART 4 PESTLE ANALYSIS OF DIALYSIS MARKET 22
CHART 5 RESEARCH METHODOLOGY OF GLOBAL DIALYSIS MARKET 25
CHART 6 DIALYSIS MARKET OUTLOOK 29
CHART 7 GLOBAL DIALYSIS MARKET REVENUE, 2018–2025 ($BILLION) 30
CHART 8 OPPORTUNITY ANALYSIS 31
CHART 9 PORTERS 5 FORCES ON DIALYSIS MARKET 32
CHART 10 GLOBAL DIALYSIS MARKET SEGMENTATION 34
CHART 11 GLOBAL DIALYSIS MARKET 2018 AND 2025 34
CHART 12 GLOBAL DIALYSIS MARKET OVERVIEW BY PRODUCTS 2018 ($BILLION) 35
CHART 13 GLOBAL HEMODIALYSIS MARKET REVENUE, 2018–2025 ($BILLION) 36
CHART 14 GLOBAL PERITONEAL DIALYSIS MARKET, 2018–2025 ($BILLION) 36
CHART 15 GLOBAL DIALYSIS MARKET BY PRODUCT, 2018–2025 ($BILLION) 37
CHART 16 GLOBAL DIALYSIS MARKET SEGMENTATION BY PRODUCT, 2018–2025 (%) 37
CHART 17 GLOBAL DIALYSIS MARKET SEGMENTATION 38
CHART 18 GLOBAL DIALYSIS MARKET SEGMENTATION IN 2018 (%) 39
CHART 19 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 41
CHART 20 WORLD POPULATION AGED 65 YEARS AND ABOVE, 1960–2060 (%) 43
CHART 21 DRO - IMPACT ANALYSIS OF DIALYSIS MARKET 47
CHART 22 KEY STAKEHOLDERS 48
CHART 23 GLOBAL DIALYSIS MARKET BY END-USER SEGMENTATION, 2018 (%) 49
CHART 24 GLOBAL DIALYSIS MARKET BY GEOGRAPHICAL SEGMENTATION, 2018 AND 2025 (%) 52
CHART 25 GLOBAL DIALYSIS MARKET OVERVIEW BY REGIONS 2018 ($BILLION) 53
CHART 26 DIALYSIS MARKET REVENUE IN NORTH AMERICA, 2018–2025 ($BILLION) 54
CHART 27 DIALYSIS MARKET REVENUE IN THE EUROPE, 2018–2025 ($BILLION) 56
CHART 28 DIALYSIS MARKET REVENUE IN THE APAC, 2018–2025 ($BILLION) 57
CHART 29 DIALYSIS REVENUE IN THE REST OF THE WORLD, 2018–2025 ($BILLION) 58
CHART 30 GLOBAL DIALYSIS MARKET SEGMENTATION BY GEOGRAPHY, 2018–2025 ($BILLION) 58
CHART 31 GLOBAL DIALYSIS MARKET SEGMENTATION BY GEOGRAPHY, 2018–2025 (%) 59
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