Portable Hemodialysis Devices Market: Introduction
- Hemodialysis can be defined as the treatment employed for the filtration of wastes and water from the blood. Hemodialysis helps control blood pressure and balance important minerals in the blood, such as sodium, calcium, and potassium.
- Hemodialysis is needed typically three times a week, requiring over three to five hours per session. Hemodialysis is the common type of dialysis in about 90% of dialysis patients. The process of hemodialysis involves pumping of the patient’s blood through an external circuit for circulation, and is pumped back into the body.
- Portable hemodialysis systems help reduce the disease burden by completely eliminating and minimizing dietary restrictions
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Key Drivers and Restraints of Global Portable Hemodialysis Devices Market
- Expansion of the portable hemodialysis devices market can be ascribed to an increase in the number of people suffering from chronic kidney disease (CKD). According to National Institute of Diabetes and Digestive and Kidney Diseases, the overall prevalence of CKD in the general population is approximately 14%.
- Key causative factors of CKD include diabetes and cardiovascular diseases. Rise in prevalence of these diseases leading to CKD is projected to drive the demand for portable hemodialysis devices and subsequently, propel the market. It is estimated that over half of the population in the U.S., has CKD combined with either diabetes or cardiovascular diseases.
- Rise in prevalence of end-stage renal disease, the prevalence of which is expected to be significantly high in certain countries such as Japan, Taiwan, Belgium, the U.S., and Mexico, boosts the portable hemodialysis devices market
North America to Lead Global Portable Hemodialysis Devices Market
- In terms of region, the global portable hemodialysis devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America dominated the global portable hemodialysis devices market in 2019, owing to high prevalence of CKD, end-stage renal disease, and high prevalence of diabetes and cardiovascular diseases among the population. Expansion of the market in the region can be attributed to an increase in focus on research and development, rise in usage of wearable devices for hemodialysis, and government initiatives.
- Europe was also a vital region of the global portable hemodialysis devices market in 2019. Asia Pacific is projected to be a rapidly expanding market for portable hemodialysis devices, followed by Latin America and Middle East & Africa. Rise in focus of governments of countries in Asia on enhancing healthcare facilities, increase in focus of market players on Asia Pacific to leverage growth opportunities, and increase in patient pool are driving the portable hemodialysis devices market in the region.
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Key Players Operating in Global Portable Hemodialysis Devices Market
Market players are focusing on expanding their presence in the global portable hemodialysis devices market by adopting inorganic growth strategies. Leading players in the global portable hemodialysis devices market are:
- Braun Melsungen AG
- Medtronic
- Asahi Kasei Corporation
- AWAK Technologies
- AllMed Healthcare Management, Inc.
- Fresenius Kabi AG
- Baxter International Inc
- Nipro
Global Portable Hemodialysis Devices Market: Research Scope
Global Portable Hemodialysis Devices Market, by Product Type
- Tabletop Portable Hemodialysis Machines
- Wearable Instruments
Global Portable Hemodialysis Devices Market, by End-user
- Hospitals & Clinics
- Home care
- Others
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