The global RDE market was valued at USD 13.4 billion in 2017, growing at a CAGR of 5% over the forecast period (2021-2028).
Renal Dialysis Equipment (RDE) refers to equipment used by dialysis-care providers to provide an artificial replacement for lost kidney function due to renal failure.
Renal failure or kidney failure is a severe medical condition that affects the functionality of kidneys and is characterized by reduced excretory and regulatory functions.
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The market is driven by the number of End Stage Renal Disease (ESRD) patients owing to the growing prevalence of diabetes, hypertension, and an increasingly large elderly population.
ESRD is the most severe form of renal failure where kidneys permanently cease to function, and the affected person loses the adequate kidney function necessary to sustain life.
An estimated 2 million patients worldwide are affected by end-stage renal disease (ESRD). On the contrary, rising cases of kidney transplantation and newer trends like artificial kidneys are likely to decrease the demand for dialysis therapies.
Also, there has been an increasing focus on to develop a new approach to dialysis that’s portable and low cost, specifically for catering to patients in the developing world.
Market Segmentation Analysis
By Equipment Type
Hemodialysis (HD) Equipment
Peritoneal Dialysis (PD) Equipment
Continuous Renal Replacement Therapy (CRRT) Systems
By End Users
In-Clinics & Dialysis Centres
Home Care Settings
Geographically, the market is segmented into five major regions, namely North America, South America, Europe, Asia Pacific, and RoW. North America is the largest market for renal dialysis equipment, followed by Europe and Asia-Pacific. In the US, over 650,000 patients per year are affected by ESRD, and this number is increasing by 5% annually.
Asia-Pacific ranks as the fastest growing market with a CAGR of 10%. Therefore, more and more global players in the RDE market are going to explore the market in developing countries.
The report also profiles the following companies in the Renal Dialysis Equipment market – Fresenius Medical Care, Baxter International, Nipro Corporation, B. Braun, Nikkiso, Asahi Kasei Corporation, and NxStage Medical.
Sai Kiran Sales Manager at DataM Intelligence Email: firstname.lastname@example.org Tel: +1 877 441 4866 Website: www.datamintelligence.com