PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455694
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1455694
Dialysis Accessories Device Market size was valued at USD 5,982.32 Million in 2023, expanding at a CAGR of 3.11% from 2024 to 2032.
Dialysis accessories play a crucial role in both hemodialysis and peritoneal dialysis treatments, providing essential support to individuals with kidney failure or renal insufficiency. These accessories are indispensable in the dialysis process as they aid in the removal of waste products and excess fluids from the bloodstream when the kidneys are unable to do so efficiently. Hemodialysis machines offer a range of accessories, such as blood pressure monitors, temperature probes, alarms, and disinfection kits, which contribute to monitoring patient vital signs, ensuring the optimal performance of the dialysis machine, and maintaining a secure and sterile dialysis environment.
Dialysis Accessories Device Market- Market Dynamics
The increasing prevalence of chronic kidney diseases and a rising aging population are the key market drivers fueling the market growth.
Chronic kidney disease (CKD) poses a significant public health challenge on a global scale, as its prevalence continues to rise due to various factors including aging populations, changes in lifestyle, and the increasing rates of conditions such as diabetes and hypertension. Recent data from the Centers for Disease Control and Prevention indicates that approximately 37 million adults in the United States are living with CKD, with a large portion of them being unaware of their condition. Alarmingly, 40% of individuals with significantly impaired kidney function (who are not undergoing dialysis) are unaware that they have CKD. While the market for dialysis technology may experience growth due to heightened consumer awareness and continuous technological advancements, concerns regarding safety could potentially hinder market expansion.
Dialysis Accessories Device Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 3.11% over the forecast period (2024-2032)
Based on Type segmentation, Blood Tubing Sets was predicted to show maximum market share in the year 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Dialysis Accessories Device Market is segmented on the basis of Type, Application and Region.
The market is divided into three categories based on Type: Blood Tubing Sets, Dialyzers, Peritoneal Dialysis Catheters and Peritoneal Dialysis Transfer Sets. Blood Tubing Sets expected to dominate the growth of market. Blood tubing sets often include safety features such as clamps or connectors to prevent accidental disconnection or leakage during dialysis. Hospitals and clinics constitute a significant portion of the market for dialysis accessories devices and blood tubing sets due to the high demand for dialysis services in these settings.
The market is divided into two categories based on application: Hospitals and Clinics, Diagnostic Centers, Home Care, Ambulatory Care Centers and Others. The market for dialysis accessories devices encompasses a wide range of applications across the healthcare sector.
Dialysis Accessories Device Market- Geographical Insights
This market is geographically widespread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the market is dominated by North America, primarily due to the expansion of Dialysis Services and Infrastructure. In recent years, the United States and Canada have experienced significant growth in dialysis services and infrastructure. Medicare coverage is provided to individuals of any age who require dialysis or transplantation to sustain their lives. According to the National Institutes of Health, the approximately 750,000 people living with kidney failure make up 1% of the U.S. Medicare population but account for approximately 7% of the Medicare budget. During the forecast period, Asia Pacific is expected to be the second-largest region for market growth, mainly due to the high prevalence of chronic diseases such as diabetes and hypertension.
The competitive landscape of the dialysis accessories device market is characterized by intense rivalry, primarily fueled by ongoing innovation and the introduction of new products that offer enhanced features, functionality, and user-friendliness. Some companies may focus on delivering cost-effective solutions to attract healthcare providers who are conscious of their budget, while others may position themselves as high-end providers targeting customers who are willing to invest in advanced features and exceptional performance. By collaborating with healthcare providers, research institutions, and other industry players, companies can enhance their competitiveness by facilitating product development, expanding their market reach, and gaining access to new technologies or markets. In order to maintain a competitive edge in this dynamic market, companies must continuously innovate, differentiate their offerings, and adapt to evolving market trends.
Global Data's medical device pipeline database reports that there are 49 Dialysis Accessories devices in various stages of development worldwide. Innovations in the medical devices industry are closely tied to the creation of new methods, procedures, or technologies for the treatment, diagnosis, and management of diseases in response to the healthcare sector's demand for improved patient outcomes and reduced costs.
On January 6, 2023, Baxter International revealed its intention to separate its renal care and acute therapies businesses into an independent, publicly traded entity. By dividing its kidney divisions, the company is following the trend of numerous medtech firms opting to spin off specific business segments to enhance manufacturing efficiency amidst supply chain difficulties.
GLOBAL DIALYSIS ACCESSORIES DEVICE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Baxter International Inc.
AngioDynamics Inc.
B. Braun Melsungen AG
Fresenius Medical Care AG and Co.
KGaA
Becton Dickinson and Co.
Thermo Fisher Scientific Inc.
JMS Co.Ltd.
Nipro Corp.
Nikkiso Co. Ltd.
Others