PUBLISHER: DelveInsight | PRODUCT CODE: 1397167
PUBLISHER: DelveInsight | PRODUCT CODE: 1397167
Dialysis Catheters Market By Product Type (Single-Lumen, Double-Lumen, And Triple-Lumen), Duration (Short-Term And Long-Term), End-User (Hospitals, Dialysis Centers, And Others), and geography is expected to grow at a steady CAGR forecast till 2028 owing to the rising prevalence of chronic kidney diseases (CKD) and end stage renal diseases (ESRD) along with increase in their risk factors around the globe.
The global Dialysis Catheters market is estimated to grow at a CAGR of 4.53% during the forecast period from 2023 to 2028. The demand for dialysis catheters is primarily being boosted owing to an increase in the number of Chronic Kidney diseases (CKD) and End Stage Renal Diseases (ESRD) among patients, along with the surge in the cases of risk factors such as hypertension and diabetes leading to the increased demand for dialysis, technological advancements among others, thereby contributing to the overall growth of the Dialysis Catheters market during the forecast period from 2023-2028.
According to the International Society of Nephrology (ISN) in the year 2020, the prevalence of chronic kidney disease was 10.4% in men and about 11.8% in women globally. As per the same source, people suffering from acute kidney injury tend to be about 13.3 million every year globally as reported in 2020, which may lead to chronic kidney disease or kidney failure.
Also, as per another source National Kidney Foundation 2020, about 10% of the population around the world is affected by chronic kidney disease, and millions of lives are affected as they do not have access to affordable treatment methods.
As per the World Kidney Organization, kidney disease tends to affect around 850 million people worldwide in the year 2020. Also, as per the aforementioned source, one in ten adults suffered from chronic kidney disease (CKD) globally in 2020. Chronic kidney disease is expected to become the fifth most common cause of life loss globally by the year 2040.
However, the high cost of different devices, and the adverse events related to various treatments, among others may restrict the growth of the overall market for Dialysis Catheters during the forecast period.
In addition, the recent technological advancements in the development of dialysis catheters are also expected to spur the market demand for dialysis catheters during the forecast period. For instance, the development of carbothane-based dialysis catheters such as Duraflow® by AngioDynamics is being done, as the copolymer gets resistant to chemicals such as iodine, peroxide, or alcohols), thereby increasing the longevity of the catheter. Moreover, few companies have added the use of antimicrobial coatings or anti-thrombogenic surface coatings to decrease the rate of infections and prevent thrombosis. Thus, such advancements in the development of efficient dialysis catheters are also expected to have a positive impact on the overall market growth of dialysis catheters.
Dialysis Catheters Market by Product Type (Single-Lumen, Double-Lumen, and Triple-Lumen), Duration (Short-term and long-term), End-User (Hospitals, Dialysis Centers, and others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In the product type segment of the Dialysis Catheters market, the single-lumen category is expected to amass a significant revenue share in the year 2022. This can be attributed to the various properties, technical advantages, and products by key players in the dialysis catheters market during the given forecast period.
For example, single-lumen catheters possess indwelling transcutaneous cannulas that allow dialysate fluid to be instilled into and removed from the intraperitoneal space. Equipped with a single lumen with multiple side holes present on the intraperitoneal section, they allow efficient and smooth carrying out of dialysis procedures.
Moreover, they can also be used during vascular access procedures in children. In infants, a single-lumen catheter can be used to split into afferent and efferent lines using a Y connector that allows for higher blood flow compared with a double-lumen catheter of the same size. There is some recirculation with this system, which is proportional to the length of the line between the Y connector and the patient.
Moreover, the presence of high-quality products by key companies such as the Hickman* Hemodialysis by BD, Centros® & CentrosFLO® Hemodialysis Catheters by Merit Medical, and others globally ensure the overall demand hike in the global dialysis catheters market.
Therefore, owing to all the above-mentioned factors, the single-lumen dialysis catheters category is expected to register significant growth, thereby driving the growth of the overall Dialysis Catheters market during the forecast period from 2023-2028.
Among all the regions, North America is estimated to account for the largest share of the Dialysis Catheters market in the year 2022. Owing to the significance of key growth factors such as the increasing prevalence of chronic kidney disease and its related disorders, the rise in their risk factors, the rising geriatric population, and the presence of key market players among others, are expected to spur the market in North America in the upcoming years.
Furthermore, the increasing number of company and product acquisitions in the region associated with dialysis catheters are also driving the market growth in North America, due to which the market for Dialysis Catheters is expected to witness prosperity in the North American region during the forecast period from 2023-2028.
For instance, according to data published by the Centers for Disease Control and Prevention (CDC) in the year 2022, in 2021, approximately 37 million people in the United States had CKD.
Also, as per the Centers for Disease Control and Prevention (2021), more than 1 in 7, that is 15% of US adults or 37 million people, were affected by CKD every year on average in the US.
The United States Renal Data System 2020 Annual Data Report stated that nearly 786,000 people in the United States were living with end stage kidney disease, also known as end-stage renal disease (ESRD), with 71% on dialysis and 29% with a kidney transplant in 2020.
Moreover, as per the data published by the American Diabetes Association in the year 2022, in 2019, 11.3% population in the United States had diabetes. Thus, if diabetes is not properly managed over time might harm blood vessel clusters in the kidneys that filter waste from the blood. High blood pressure and renal damage may result from this. Also, by putting more strain on the kidneys' sensitive filtering system, high blood pressure can exacerbate existing kidney disease. Therefore, the increasing prevalence of diabetes increases the chances of kidney diseases, which require dialysis catheters for carrying out dialysis procedures.
Furthermore, in June 2023, Merit Medical Systems, Inc. announced that it completed the acquisition of a portfolio of dialysis catheter products and the BioSentry® Biopsy Tract Sealant System from AngioDynamics, Inc., a US-headquartered medical device giant company.
Thus, due to the interplay of all the above-mentioned factors, it is likely to propel the growth of the dialysis catheter market in the region during the forecast period from 2023-2028.
Some of the key market players operating in the Dialysis Catheters market include: Medtronic, BD, B. Braun Melsungen AG, Medcomp, Teleflex Incorporated, Baxter International, Angiodynamics, Joline GmbH & Co. KG, Merit Medical, Bionic, Vygon, Fresenius SE and Co. KGaA, Cook Group, Nikkiso, Nipro Corporation, Toray Medical, Polymedicure Ltd., AdvaCare Pharma, Lepu Medical Technology, Amecath Medical Technologies, and others.