Industry Experts, Inc. announced the publication of the new market research report “Global Renal Dialysis Equipment Market – Products and End-Use Applications“. Analysts at Industry Experts estimate that the market for Renal Dialysis Equipment by product is the largest for Hemodialysis, estimated at US$14.3 billion in 2018.
Renal Dialysis is an artificial method of maintaining the chemical balance of the blood when the kidneys have failed. The kidneys remove waste from the body, maintain the blood pressure, make hormones to create red blood cells and thus, ensure the right amount of mineral content in the body. The term dialysis refers to the process in which the components of the blood are separated using a semipermeable membrane.
Hemodialysis products dominate over 80% of the market, whereas the peritoneal dialysis products market is growing robustly with a compound annual growth rate of 7.8% during the forecast period. Increasing rate of prevalence of terminal kidney failure patients drives the hemodialysis equipment segment. North America is the world’s largest market for Renal Dialysis Equipment, estimated at US$5.3 billion (31% share) in 2018, which is projected to reach US$7 billion by 2024.
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