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Global Home Dialysis Equipment Market Size, Trends & Analysis - Forecasts to 2026 By Product (Home Dialysis Machine, Consumables & Accessories, Dialysis Software), By Portability (Benchtop and Trolley Based Equipment); By End User (Home Care Setting and Dialysis Centers), End-User Landscape, Company Market Share Analysis, and Competitor Analysis
The routine procedure of removing excess toxins, solutes, and water from the patient’s blood who is suffering from renal failure or major kidney damage is called dialysis treatment/ therapy. Also known as renal replacement therapy, this process requires the patient to visit the hospital more than once a week to remove the toxins externally. The number of visits becomes frequent for those patients whose kidneys fail to function completely and hence need constant bedside care. However, major market players providing dialysis machines and accessories along with the top nephrologists in the world are working towards easing the tedious process of patient-hospital visits for dialysis therapy. The aim is to move towards the miniaturization of the machines and shift the base of the entire process from hospital to home. Another target is to club an in-built software for real-time analysis and alarm management for the patients to take care of their dialysis procedure without the need of a healthcare worker. Portable or home dialysis machines are specifically designed in such a way that the patient can travel and move around freely while the replacement therapy is going on. The patient’s daily activities and the risk of patient exposure to the COVID-19 virus during hospital visitsare greatly affected.
The high portability and affordability of the home-based machines are the driving factors of some of the market players to launch advanced medical devices for patient-centric care at home care settings. However, technological advancements in medical device portability, rapidly growing geriatric renal patients, increasing incidence of kidney disorders, and high affordability of the machine can help the market grow exponentially.
Based on the components or the products offered, the market can be segmented into home dialysis machines, consumables & accessories, and dialysis software. The home dialysis machine is ought to be the largest segment in the market owing to increasing affordability and need market demand for bedside dialysis procedures. However, the consumables accessories segment will be the fastest-growing segment with the highest CAGR value from 2021 to 2026.
Based on the machine portability, the market is segmented into benchtop machines and trolley based dialysis machines. The benchtop machines segment will be the fastest-growing segment owing to high portability for the patients, ease in travel, and high affordability of the machine.
Based on the type of consumer, the market can be segmented into a home care setting, and dialysis center. The market for home care setting will be the largest as well as fastest growing owing to the patient-centric design of the home-based dialysis machine being affordable, easy to use, and easy in conducting daily patient activities.
The regional analysis, conducted by GME, explains that the market of North America will be the biggest. Reason being, the availability of portable medical devices, reimbursement benefits associated with home care machines, high awareness regarding wearable dialysis equipment, and the launch of technologically advanced in countries like the US and Canada. However, countries like India are yet to receive such portable products due to affordability issues and low-awareness amongst patients and healthcare workers on patient-centric medical devices. Hence, the market for the Asia Pacific is estimated to grow the fastest considering the high opportunities the countries are offering currently.
NxStage Medical Inc., Quanta Dialysis Technologies, etc., Outset Medical, Fresenius SE & Co. KGaA, Baxter International Inc., Infomed SA, Mitra Industries (P) Ltd., and AWAK Technologiesamong others are the top players in thehome dialysis equipment market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Home Dialysis Equipment Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Home Dialysis Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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