Hemodialysis Equipment Market Analysis

Hemodialysis Equipment Market Analysis

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Based on product, the market is segmented into hemodialysis machines and consumables. The hemodialysis machines are further sub segmented into in-center hemodialysis machine and home-based hemodialysis machine. The consumables segment is subdivided into dialyzers, dialysate, access products, and other consumables. The consumables segment is estimated to account for USD 7.8 billion in 2023.
 

• Consumables in the market play a crucial role in ensuring the effectiveness, safety, and hygiene of the hemodialysis process.
   
• Furthermore, the use of high-quality, sterile consumables contributes to patient safety during hemodialysis treatments. Biocompatible materials in consumables reduce the risk of adverse reactions, allergies, or inflammation in patients.
   
• Moreover, disposable consumables simplify the workflow for healthcare professionals by eliminating the need for extensive cleaning and sterilization between patients. This efficiency is especially important in busy healthcare settings.
   

The hemodialysis equipment market, by end-use is categorized into hospitals, dialysis centers, homecare settings, and other end-users. The hospitals segment accounted for around USD 5.9 billion revenue size in 2023.
 

• The dominance in market share can be attributed to hospitals' capacity to effectively care for high-acuity patients, including those facing conditions such as kidney failure, sepsis, and shock.
   
• As per the National Center for Biotechnology Information (NCBI), approximately 1.7 million individuals experience sepsis annually in the U.S.
   
• Furthermore, hospitals provide comprehensive care for patients with kidney failure, offering a range of services, including diagnosis, consultation, and various renal replacement therapies, such as hemodialysis. This ensures that patients receive holistic care under one roof.
   
• Hospitals often have a network of healthcare providers, specialists, and referral services, facilitating collaboration for comprehensive patient care. This interconnectedness contributes to a more seamless experience for patients, thereby augmenting segment progress.
   

North America hemodialysis equipment market accounted for USD 5.7 billion revenue in 2023 and is predicted to witness substantial market growth.
 

• The large market share is correlated to a sophisticated healthcare infrastructure, a heightened prevalence of chronic diseases, swift technological progress, substantial healthcare expenditure, and the expanding elderly population.
   
• As per information from the Rural Health Information Hub, there is an anticipated rise of 18 million in the geriatric population in the U.S. from 2020 to 2030. Additionally, the same source reports that 90% of adults aged over 65 are expected to develop one or more chronic conditions, thereby promoting demand for market.