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Dialysis Machines and Systems in China Market
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Dialysis machines and systems are used in the treatment of kidney diseases. They are classified into two groups: Peritoneal dialysis equipment and Hemodialysis. Currently, the hemodialysis market accounts for more than half of the total Dialysis Machine market, and is expected to continue growing rapidly.
What is Peritoneal Dialysis Machine?
The China market for peritoneal dialysis machine is forecast to grow at a CAGR of 9% during the period from 2023 to 2028. The rising prevalence of diabetes and hypertension is driving the PD market in this region.
Increasing number of patients suffering from chronic kidney disorders is also contributing to the market growth. In addition, there are government initiatives that are encouraging better management of renal diseases. Furthermore, rising research and development activities will provide further impetus to the market.
The hemodialysis market in the Asia Pacific region is expected to reach USD 7.4 billion by the year 2024. This is projected to be mainly driven by the rising number of patients suffering from end-stage renal disorder (ESRD). A growing population in China is also expected to support the market’s growth.
As the healthcare industry continues to expand, more and more patients are opting for peritoneal dialysis as a treatment option. The growing population is also driving the demand for peritoneal dialysis equipment. Moreover, the rising burden of uncontrolled diabetes is further increasing the need for PD.
The PD market in China is predicted to increase to 200,000 patients within ten years. The hemodialysis market in China is estimated to reach USD 5.3 billion in 2022. The increasing demand for peritoneal dialysis and home health care treatments in the country is further expected to drive the market.
In the United States, the peritoneal dialysis market is projected to expand at a lower CAGR than the rest of the world. Nevertheless, this market has significant share in the global PD market. This is due to the increasing number of people suffering from renal disorders and the well-established health expenditure system for ESRD in the country.
The market in Europe and the Middle East and Africa is expected to register a smaller market share. However, the market in these regions is projected to expand at a higher CAGR. This is attributed to the increasing elderly population in these regions. In fact, the proportion of people aged 80 and above in these regions is projected to rise from 5.9% in 2010 to 14.6% by 2100.
What is Growth Rate of Hemodialysis Machine Market of China?
Hemodialysis machine in China market is expected to grow rapidly with the increase in the number of end-stage renal disease patients. The growing number of people with diabetes and hypertension is also one of the major factors driving the growth of the market.
China is expected to contribute to more than half of the global market by 2022. The country’s ageing population and rapid urbanization are key drivers for the market’s growth. The government is encouraging public hospitals to offer dialysis services. The government has also increased budgets for medical care.
China’s hemodialysis machine market has been dominated by foreign brands. However, some Chinese companies have launched several brands of domestic hemodialysis machines.
However, the domestic market for hemodialysis equipment has been dominated by foreign-funded brands. Some of these brands are one-time investments at an earlier stage.
The peritoneal dialysis fluid market is projected to grow at a compound annual growth rate of more than 18%. It is projected to reach 3.8 billion yuan in 2021, and to rise to 8.8 billion yuan in 2026. It is expected to bring in more than USD 5.3 billion in 2022.
Dialyzers are core supplies for hemodialysis machines. They account for 53% of the total revenue of the market. They generate a gross margin of around 67%. They have high technical barriers, but are still a core part of the hemodialysis machine market.
Peritoneal Dialysis Equipment Market Segmentation
Peritoneal dialysis equipment is used for treatment of end-stage renal disorder. There are two main types of peritoneal dialysis equipment. They are the ambulatory and the automated. In ambulatory peritoneal dialysis, a person performs the procedure without using a machine. In an automated peritoneal dialysis procedure, a machine is used to perform the exchanges.
The peritoneal dialysis market is expected to witness significant growth over the forecast period. It is expected to reach a market value of USD 4.36 billion by the end of 2022. The increase in the number of patients with ESRD and kidney failure is likely to boost the market.
The global peritoneal dialysis equipment market is expected to grow at a 5.90 percent CAGR from 2022 to 2027. The major factors responsible for this growth are the rapid advancements in the healthcare industry, growing demand for technologically advanced medical equipment, and the increased prevalence of renal disorders.
The global market is characterized by key players focusing on technological advancements, product launches, mergers and acquisitions, and partnerships. The Peritoneal Dialysis Equipment market has various opportunities for competitors.
The peritoneal dialysis equipment market has a large portion of its revenue share in North America. This is mainly due to the increasing number of patients suffering from kidney disorders, especially diabetes. The geriatric population is also on the rise in the region.
The Peritoneal Dialysis Equipment market in China has witnessed growth in the recent past. Moreover, government reimbursement plans will drive the growth of the market in the country. Moreover, the increasing prevalence of high blood pressure and diabetes will contribute to the overall growth of the peritoneal dialysis equipment market in China.
Peritoneal dialysis equipment is increasingly being used in emerging economies. China, India, and other developing countries are likely to drive the growth of the market over the forecast period.
Growth prospects of Dialysis Machines and Systems in China Market
Growth prospects of Dialysis machine market in China has been predicted to reach USD 7.8 billion by 2026. The rise in prevalence of end-stage renal diseases and diabetes is contributing to this market. The increasing number of kidney transplants is also providing a huge boost to this market. In addition, the increased awareness about this disease and the government initiatives to promote kidney health are boosting the market.
With the growing incidence of diabetes and chronic kidney diseases, patients are at higher risk of acute kidney injury and require dialysis treatment. The global market for dialysis devices is expected to expand at a CAGR of 4.9% between the years of 2023 and 2028. Moreover, the increased prevalence of chronic diseases such as cardiovascular diseases is expected to contribute to this market.
Moreover, the increasing scarcity of organ donors is increasing the need for advanced treatments. In order to provide the best care to the patient, service providers are investing on quality care delivery. This will positively affect the growth of the dialysis equipment market.
A large number of hospitals and community dialysis centres are opening in China. This is attributed to the increased reimbursement rates for dialysis treatments and the rise in the pool of patients. However, the financial constraints of the rural areas are still a major barrier.
The Bottom Line
In recent times, technological advancements have led to the introduction of safe, effective, and efficient dialysis procedures. Several companies are investing in the development of affordable dialysis machines. In addition, companies are focusing on developing portable dialysis machines.
The rising geriatric population is contributing to the development of the regional market. This is because, elderly people are prone to kidney failure. Moreover, a growing population of middle-income groups is driving the demand for home dialysis. In addition, the government has initiated programs to improve the infrastructure of healthcare facilities. The government is also trying to encourage the adoption of advanced treatments and the use of nephrology as a sub-segment within the healthcare chain.
Moreover, the growing population of the emerging economies is expected to offer significant growth opportunities for industry suppliers. This is because, the market in the regions is expected to grow at a strong CAGR.
