The global hemodialysis machine market is expected to witness significant
growth over the forecast period owing to rising demand from end-user industries
including pharmaceutical, personal healthcare, and medical device. Furthermore,
growing prevalence of cardiovascular diseases including coronary artery disease,
hypertension, and cardiac aneurysms is anticipated to drive the market growth
over the next eight years.
In addition, the
growing adoption of hemodialysis machine for diabetes, and end-stage renal
diseases is further projected to propel the sector demand over the forecast
period. The market is projected to witness proliferated demand over the next
eight years owing to increasing application in curing coronary artery disease,
rising need to diagnose kidney failure and growing utilization in high blood
sugar patients have age-related issues. However, high initial setup cost
coupled with rising fluctuation in the raw material prices has enabled the
market to witness hindered growth over the next eight years.
The market is segmented by product into centre-use
hemodialysis machines, home-use hemodialysis machines, and others. This
centre-use hemodialysis machine segment was accounted for a major market share
in 2015 and it is projected to witness similar trend by 2024 owing to growing
applications from independent dialysis centres and hospitals. On the other
hand, home-use hemodialysis machine is anticipated to report the fastest growth
over the next eight years primarily due to increasing demand for home
hemodialysis and peritoneal dialysis. The hemodialysis machine market is highly
competitive primarily to the presence of several domestic and international
suppliers.
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Though, the sector has the presence of various new players,
who face difficulty in competing with other major companies in terms of
functionalities, features, quality, and services. Over the forecast period, the
growing new product development activities coupled with increasing adoption of
new technologies for achieving operational efficiency has enabled the
competition to become more aggressive. On a contrary, few major players through
continuous R&D endeavors coupled with growing expertise knowledge in the
industry have enabled them to witness competitive edge, thus propelling the
overall growth of the sector over the next eight years.
North America and Europe are anticipated to witness major
market share over the forecast period owing to the growing number of
independent dialysis centres coupled with rising government initiatives to
develop better dialysis facilities. Asia Pacific is anticipated to
account for fastest growth over the forecast period primarily due to the
increasing ESRD patient population base coupled with growing awareness among
end users regarding new developments in the dialysis treatment modalities.
India, China, and Japan are anticipated to witness the highest share in the
region majorly owing to the rising disposable income coupled with growing
foreign investments. The Middle East & Africa is projected to see
significant growth by 2020 mainly owing to increasing urbanization,
industrialization, and globalization. The sector has huge potential in this
region primarily owing to rising per capita income and foreign investments.
Key players in the market include DaVita Healthcare Partners
Inc. (U.S.), Fresenius Medical Care AG & Co. KGaA (Germany), B. Braun
Melsungen AG (Germany), Baxter International, Inc. (U.S.) and Nipro Corporation
(Japan). Few other companies in the hemodialysis industry include Nikkiso Co.
Ltd. (Japan), Diaverum Deutschland GmbH (Germany) and NxStage Medical, Inc.
(U.S.). The market is highly consolidated having more than 35% market share by
major players. The major players generally tend to retain their market share
through new product development and through attaining operational efficiency.
These players through continuous R&D endeavors focus on building a wide
distribution network that supports the overall market to report significant
growth over the forecast period. Companies through strategic expansions and mergers
& acquisitions have been trying to cater large volume of customers with
products that are cost-effective and high quality.
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