The portable dialysis machines global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Portable Dialysis Machines Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The portable dialysis machines market size has grown rapidly in recent years. It will grow from $18.35 billion in 2023 to $20.25 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to technological advancements in dialysis machines, increasing prevalence of chronic kidney disease (CKD), rising demand for home healthcare solutions, improvements in patient quality of life, and government initiatives supporting dialysis access.
The portable dialysis machines market size is expected to see strong growth in the next few years. It will grow to $26.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to growing aging population, rise in end-stage renal disease (ESRD) cases, increasing focus on personalized medicine, expansion of telemedicine and remote monitoring, and emerging markets adoption. Major trends in the forecast period include miniaturization and portability, integration of smart monitoring features, enhanced connectivity with healthcare providers, development of wearable dialysis devices, and focus on sustainable and eco-friendly solutions.
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Scope Of Portable Dialysis Machines Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Portable Dialysis Machines Market Overview
Market Drivers –
The increasing prevalence of renal illnesses is expected to propel the growth of the portable dialysis machines market going forward. Renal illnesses, also known as kidney diseases, encompass a range of conditions that affect the kidneys’ ability to filter waste products and excess fluids from the body, regulate blood pressure, and maintain overall health. Portable dialysis machines are used in the treatment of renal illness, specifically in the management of chronic kidney disease and end-stage kidney failure. These machines are designed to filter a patient’s blood to remove excess water and waste products when the kidneys are damaged, dysfunctional, or missing. For instance, in June 2023, according to the report published by Kidney Research UK, a UK-based non-profit organization, around 7.2 million people in the UK, or over 10% of the population, currently live with chronic kidney disease. Of this number, 3.25 million are in the severe stages, and an additional 3.9 million are in the early stages, often undiagnosed and symptom-free. By 2033, it’s anticipated that the total number of people with chronic kidney disease will rise to 7.61 million. Therefore, the increasing prevalence of renal illnesses is driving the growth of the portable dialysis machines market.
Market Trends –
Major companies operating in the portable dialysis machine market are focusing on introducing technologically advanced solutions, such as next-generation digital health modules, to increase their profitability in the market. Next-generation digital health modules are a clinical management resource and are designed to keep patients on home dialysis by helping identify potential therapy complications. For instance, in June 2021, Baxter International, a US-based healthcare company, launched Sharesource Analytics 1.0, a next-generation digital health device for home-based peritoneal dialysis (PD). This next-generation digital health module is uniquely designed to support patients on home dialysis by helping to identify potential therapy complications. Sharesource Analytics 1.0 is built on Baxter’s Sharesource remote patient management platform, aiming to enhance the clinical management of home dialysis patients.
The portable dialysis machines market covered in this report is segmented –
1) By Product Type: Portable Dialysis Machine For Home Use, Wearable Dialysis Machine
2) By Analysis Type: Peritoneal Dialysis, Hemodialysis
3) By End User: Hospital , Clinic, Home Care
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Regional Insights –
North America was the largest region in the portable dialysis machines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the portable dialysis machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Abbott Laboratories, Fresenius Kabi AG, Medtronic PLC, Siemens Healthineers AG, C.R. Bard (Becton), Baxter International Inc, B. Braun Melsungen AG, Terumo Corporation, Nipro Corporation, Nikkiso Co., Cantel Medical, Allmed Medical Products Co. Ltd., NxStage Medical Inc., AngioDynamics, Medivators Inc., Outset Medical Inc., Outset Medical, Rockwell Medical, SWS Hemodialysis Care Co. Ltd., Zylox Medical Devices, DEKA Research & Development Corporation, Biolight Co. Ltd., Quanta Dialysis Technologies Ltd., Medcomp, AWAK Technologies, Toray Medical Co. Ltd.
Table of Contents
1. Executive Summary
2. Portable Dialysis Machines Market Report Structure
3. Portable Dialysis Machines Market Trends And Strategies
4. Portable Dialysis Machines Market – Macro Economic Scenario
5. Portable Dialysis Machines Market Size And Growth
…..
27. Portable Dialysis Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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