Dialyzer Market Overview and Analysis:
The global dialyzer market size was valued at USD 3.6 billion in the year 2022 and is expected to register a CAGR of 6.2 % over the forecast period, 2023-2030.
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A dialyzer, also known as a hemodialyzer or artificial kidney, is a medical device used in the field of nephrology and renal replacement therapy. It is a crucial component of hemodialysis, a treatment that mimics the function of the kidneys in patients with kidney failure or end-stage renal disease (ESRD). The dialyzer is responsible for the removal of waste products, excess fluids, and electrolytes from the blood, essentially performing the filtration and purification functions that the kidneys would normally handle in a healthy individual.
The increasing incidence of chronic kidney disease is a primary driver for dialyzer demand. As CKD progresses to end-stage renal disease (ESRD), many patients require hemodialysis, which relies on dialyzers to perform kidney functions. Moreover, diabetes and hypertension are leading causes of kidney disease and the high prevalence of these diseases are contributing to the growth of the studied market.
Dialyzer Market Latest Trends:
The global dialyzer market is witnessing an increase in research and development activities, as result the investment is also increasing in manufacturing dialyzers. Companies are exploring innovative materials, designs, and technologies to enhance the efficiency and safety of dialyzers, as result due to an increase in investment the market is witness positive trends for future. For instance, the 2022 Medtronic PLC Annual Report stated that for FY22 the company’s global revenue was reported as USD 31.7 billion an increased 5% as compared to the previous year. The company annual report also stated that in 2022, combined revenue for Respiratory, Gastrointestinal, & Renal segment was increased by 7% compared to previous year. The sales for the company’s products that are used for the treatment of renal disease was found to significantly increased. Few of the products includes Palindrome, Mahurkar and Mahurkar Elite Dialysis Access Catheters for renal therapy, Argyle peritoneal dialysis catheters, Carpediem dialysis machines for pediatric patients, Amplya dialysis machines for acute patients, and other products. Thus, such market trends are expected to contribute to the growth of the market.
Market Segmentation: Dialyzer Market by Type (High-Flux Dialyzer and Low-Flux Dialyzer) and End User (In-Center and Home Dialysis) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers market forecasts and revenues in terms of value in USD million for the above segments.
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Market Drivers :
High Prevalence of Kidney Diseases
An article published by NCBI in March 2022, reported that chronic kidney disease is a progressive condition that affects >10% of the general population worldwide, affecting more then 800 million individuals. Chronic kidney disease is more prevalent in older individuals, women, racial minorities, and in people experiencing diabetes mellitus and hypertension. Thus, high incidence of CKD may lead increase dialysis, thereby contributing to the studied market’s growth. Hypertension is a leading cause of chronic kidney disease (CKD). Prolonged high blood pressure can damage the small blood vessels in the kidneys, reducing their ability to function properly, thereby, which further may demand for dialysis. The World Heart Federation reported that hypertension affects 1 in 4 adults. Thus, such prevalence of heart disease may drive the growth of the studied market.
Technological Advancement
High flux dialyzers are manufacture and are mainly used to perform blood filtration more effectively for the patients suffering from chronic kidney disease (CKD) or any other kidney disorder. These dialyzers allows the removal of larger molecules and toxins. Thus, these dialyzers are highly effective in removing blood impurities, thereby preferred by most of the doctors in the hospitals and clinics, thereby contributing to the growth of the studied market. Moreover, the superior filtration capabilities of high flux dialyzers is high effective in reducing complications associated with dialysis, such as intradialytic hypotension, anemia, and the accumulation of uremic toxins. This makes the dialysis process more tolerable and efficient for patients. Thus, owing to such advantages, the demand for such dialyzer is increasing, thereby contributing to the studied market growth.
Market Restraints :
High Cost of Dialysis Treatment
The per dialysis session requires the use of dialysis machines, dialyzers, and various chemicals. Affording all these can be financially burdensome for the people living in low-and middle-income countries. The high expenses linked to the procurement of dialysis equipment can place significant strain on the financial resources of healthcare institutions and providers. Thus, this may lead lack of access to financially weaker section of the society, impeding the growth of the studied market. An article published by the journal Kidney Medicine in February 2021, reported that a 10-year time horizon, the cost-utility ratio for all patients initiating dialysis was USD 103,779 per quality-adjusted life-year (QALY). Thus, such high cost may lead to decrease in number of people opting for dialysis procedures, thereby impacting the market growth.
COVID-19 Impact on Dialyzer Market
COVID-19 has had a considerable impact on the healthcare system, especially as the virus can lead to kidney damage. This, in turn, has increased the demand for dialyzers as more patients with acute kidney injury or kidney complications required dialysis during their treatment. The pandemic accelerated the adoption of telehealth and home dialysis solutions. Patients, particularly those at higher risk of COVID-19, sought alternative ways to receive treatment while minimizing their exposure to healthcare facilities. This shift in patient behavior has prompted changes in the dialyzer market, as there is an increased focus on the development of user-friendly and home-based dialysis solutions. In conclusion, the COVID-19 pandemic has significantly impacted the global dialyzer market. The increased demand, supply chain disruptions, manufacturing challenges, and changes in patient behavior have all reshaped the industry.
Segmental Analysis :
High-Flux Dialyzer Segment is Expected to Witness Significant Growth Over the Forecast Period
High-flux dialyzers are particularly effective in removing waste products and toxins from the blood. Their larger pore size allows for better clearance of uremic toxins, such as β2-microglobulin, which low-flux dialyzers may struggle to eliminate adequately. They offer superior clearance of middle molecules, which are larger molecules that accumulate in ESRD and contribute to various complications, including dialysis-related amyloidosis. Thus, owing to such advantages, the segment is expected to witness significant growth over the forecast period.
In-Center Dialysis Segment is Expected to Witness Significant Growth Over the Forecast Period
In-center dialysis, also known as in-center hemodialysis, is a cornerstone of renal replacement therapy for individuals suffering from end-stage renal disease (ESRD) or advanced kidney disease. This life-sustaining medical procedure is typically conducted within a specialized healthcare facility, such as a dialysis center or hospital, and plays a pivotal role in managing the health and well-being of ESRD patients. Trained healthcare professionals closely monitor the patient's vital signs and overall condition throughout the dialysis session. Adjustments are made as necessary to ensure the patient's safety and comfort. Thus, due to this, the segment is expected to witness significant growth over the forecast period.
North America Region is Expected to Witness Significant growth Over the Forecast Period
North America, comprising the United States and Canada, plays a pivotal role in the field of renal care and the use of dialyzers. The region boasts a well-developed healthcare infrastructure and a robust commitment to research and innovation, making it a significant contributor to advancements in dialyzer technology and renal replacement therapy.
Moreover, North America is home to some of the world's largest and most prominent dialysis service providers, offering comprehensive renal care services. These organizations play a crucial role in ensuring that patients have access to high-quality dialyzer-based treatments. Furthermore, Regulatory agencies such as the U.S. Food and Drug Administration (FDA) and Health Canada oversee the safety and efficacy of medical devices, including dialyzers. Their stringent evaluation processes contribute to the development of safe and effective dialyzer products. Thus owing to above-mentioned factors the region is expected to witness significant growth over the forecast period.
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Dialyzer Market Competitive Landscape:
The Market is high competitive due to presence of many major players working globally and regionally in this market domain. Some of the key market players working in this domain are:
- Browndove Healthcare (P) Ltd.
- Fresenius Medical Care Ag & Co. Kgaa
- Asahi Kasei Corporation
- Farmasol
- Nikkiso Co., Ltd.
- Jms Co. Ltd.
- Toray Industries, Inc.
Recent Development:
1) In May 2023, Poly Medicure has planned to launch 'Make in India' dialysis machine. The dialysis machine is in clinical trial phase testing. The company is planning to make 200 machines .
2) In September 2022, NephroPlus, the global provider of dialysis network that has been at the forefront of transforming dialysis care in India, launched a groundbreaking all-digital dialyzer reprocessing system, known as Renova. The company expressed its commitment to advancing the technology and equipment used in dialysis procedures, with the primary objective of enhancing the efficiency and affordability of life-saving dialysis treatments for patients afflicted by end-stage renal diseases (ESRD) on a global scale.
Frequently Asked Questions (FAQ) :
Q1. What was the Dialyzer Market size in 2022?
As per Data Library Research the global dialyzer market size was valued at USD 3.6 billion in the year 2022
Q2. At what CAGR is the Dialyzer Market projected to grow within the forecast period?
Dialyzer Market is expected to register a CAGR of 6.2 % over the forecast period.
Q3. What are the factors driving the Dialyzer Market?
Key factors that are driving the growth include the High Prevalence of Kidney Diseases and Technological Advancement.
Q4. Which region has the largest share of the Dialyzer Market? What are the largest region's market size and growth rate?
North America has the largest share of the market. For detailed insights on the largest region's market size and growth rate request a sample here
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Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
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Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
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