STUDY GOALS AND OBJECTIVES
Dialysis equipment and accessories are used for the artificial blood purification of end stage renal disease (ESRD) patients as well as acute kidney injury (AKI) patients, either at home or in dialysis centers. With more than 2.9 million ESRD patients worldwide, the need for renal replacement and dialysis is on the rise.
The key goal of this report is to provide insights into the commercial and technological aspects of the global dialysis equipment and accessories market. Specifically, the major objectives of the study are to:
- Understand the overall epidemiology of the key diseases and risk factors impacting ESRD and consequently the dialysis equipment and accessories market.
- Highlight the technological advances across various segments and product categories of dialysis equipment and related accessories.
- Review the current state of the various modalities of dialysis across geographies and predict their future trends.
- Identify the key market dynamics, the major drivers and industry challenges facing the dialysis equipment and accessories market.
- Estimate the current revenues and market sizes as well as the revenue forecasts for the various product categories and geographical segments for the dialysis equipment and accessories market.
- Understand the overall landscape for renal business across various geographies and the associated opportunities and risks in each country/region.
- Provide a description of the various technology patents filed by various manufacturers and developers of dialysis technologies.
- Supply an updated review of the competitive landscape, the various strategic initiatives taken by the major market participants and their company and product profiles for dialysis equipment and accessories.
REASONS FOR DOING THIS STUDY
With more than 2.9 million patients worldwide, End Stage Renal Disease (ESRD) is the most prevalent form of kidney disease. It ranks as the seventh leading cause of death among globally prevalent diseases. Fueled by the rising prevalence of diabetes and obesity as well as an aging population, the ESRD patient population is on the rise.
With the increase in ESRD patients, there has been a rising need to make various modalities of dialysis available to the diseased population. While hemodialysis (HD) was the gold standard for patient treatment, there is a gradual shift towards home-based dialysis therapies. Owing to the increasing costs associated with the equipment, staff and other procedure-related clinical complications, in-center HD is gradually losing its definitive advantages over other modalities. Consequently, peritoneal dialysis (PD) has gained acceptance across various countries and now accounts for approximately 11% of the overall dialysis procedures globally. While the clinical and cost advantages of PD clearly account for much of the growth in its adoption rate, the actual market situation for PD is significantly different. Owing to the lack of awareness on the part of patients and the lack of training available to them, as well as the lack of monetary incentives for physicians to prescribe PD, this modality hasn’t reached its true potential in a majority of the countries.
The principal reason for doing this study is to understand the various modalities of dialysis and their adoption, and to quantify the sales of the dialysis product categories. With the gradual adoption of various home dialysis modalities, there is an incremental change in the technology development cycle of commercially available products. One of the key objectives of the report is to look at the current state of technologies available and the future roadmap based on the patents filed and the R&D initiatives of the key market participants. In addition, there have also been several changes to the reimbursement schemes across various countries impacting ESRD patients. The report looks at the current state of reimbursement across various geographies and the impact of these policies on the dialysis business.
An equally important reason for performing this study is to understand the overall business potential, opportunities and threats across geographies for dialysis equipment and accessories. The report also looks into the competitive landscape, focusing on the key market participants, their market shares, key strategic initiatives and product profiles.
This information can help companies find growth opportunities across product categories and geographical segments for dialysis equipment and related accessories.
The study will be of primary interest to companies that:
- Manufacture dialysis equipment and devices.
- Manufacture dialysate and peritoneal dialysis solutions.
- Manufacture and supply dialysis accessories such as dialyzers, fistula needles, blood tubing and catheters.
- Own and manage dialysis centers.
This study is primarily directed toward product managers, executives, directors, operations managers, sales and marketing managers, and strategic planners working in the medical devices as well as the renal dialysis products and services industries. Universities and research facilities may find this study to be a good source of technical information regarding dialysis equipment, devices and upcoming technologies that can be used as a baseline for new or expanded R&D activities.
SCOPE OF THE REPORT
This study provides a current review of the dialysis equipment and accessories market and offers in-depth coverage of the competitive landscape. BCC Research determines the current market size, defines trends and presents forecasts of revenue growth over the next five years. More specifically, BCC Research’s market analysis is divided into five parts.
The first part of this study provides in-depth coverage of the various renal disorders and their incidence and prevalence rates across different countries. The various modalities of renal replacement therapies available, their advantages, side effects and prevalence are also discussed in this section.
The second part of the report entails a global market analysis of the dialysis equipment and accessories. Current market dynamics, including key drivers and industry challenges, are discussed. In addition, this section looks into the technology trends and provides an in-depth analysis of the patents filed by the key market participants. Furthermore, the current pricing and reimbursement scenario across key geographies is also discussed. This section summarizes the overall global market revenues and presents revenue forecasts for the next five years. Projected revenues are reported with compound annual growth rates (CAGRs) for the period 2013 through 2018.
The third part of the report presents the business opportunities for dialysis equipment and accessories across various countries. The report segments the global market into the following geographical segments: the U.S.; Canada; Japan; Europe, consisting of Germany, France, Spain, Italy and the U.K.; Brazil, China, India and the rest of the world. For each of these geographical segments, the report includes information about the overall healthcare structure, the current state of renal dialysis, as well as the opportunities and risks for the dialysis equipment and accessories business. IA revenue forecast for each geographical region is also provided in this section.
The fourth part of the report provides in-depth information about the current state of the various product categories. The overall dialysis equipment and accessories market is divided into four key categories: HD equipment; PD solutions; Continuous Renal Replacement Therapy (CRRT) systems; and dialysis accessories, consisting of dialyzers, AV fistula needles, blood tubing sets and dialysis catheters. For each category, the individual market drivers and threats are discussed. Furthermore, the revenue forecast for each product category is presented.
The fifth part of the report presents the competitive landscape for the dialysis equipment and accessories market. This section focuses on the overall market shares for the key suppliers, and their major strategic initiatives, including mergers and acquisitions as well as strategic partnerships that may shape the market dynamics in the coming years. This section also provides company profiles and key product offerings of the major market participants.
METHODOLOGY AND INFORMATION SOURCES
For the overall data collection as well as analysis of the dialysis equipment and accessories market, both primary and secondary research methodologies were used.
The technology section of this report is based on information derived from technical literature, professional journals, author’s field experience, and online sources.
Global market analysis was performed by analyzing 16 manufactures of dialysis equipment and accessories. Data for each company were obtained by thoroughly analyzing Security and Exchange Commission (SEC) filings, annual reports, websites, industry directories, industry magazines and catalogs, government sources and other public sources.
Additional data were obtained from the direct contribution of primary sources, including product managers, marketing managers, service engineers and industry market analysts.
Secondary sources of information include:
- U.S. Securities and Exchange Commission Filings.
- U.S. Patent and Trademark Office.
- World Intellectual Property Organization.
- Company websites.
- Company annual reports and press releases.
- Kidney/renal associations across various countries.
In addition to utilizing the above primary and secondary sources, market growth trends and forecasts were compiled from relevant financial and market information, relevant BCC Research reports, and the author’s own in-depth and comprehensive analysis of the collected information.
Krishanu Bhattacharjee, a BCC Research analyst for medical technologies and devices, has about eight years of experience in medical devices. He has held several positions as lead analyst for various international consulting and market research firms in the field of medical technologies. Krishanu has authored several syndicated market research reports in the past, specializing in diagnostic imaging, patient-monitoring as well as cardiovascular devices. He has been a market consultant for various global medical device manufacturers, providing them with business advice on market segmentation, positioning and voice-of-customer-based commercial insights. He holds a Master’s Degree in Biomedical Instrumentation.
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The information developed in this report is intended to be as reliable as possible at the time of publication and is of a professional nature. This information does not constitute managerial, legal or accounting advice, nor should it be considered as a corporate policy guide, laboratory manual or an endorsement of any product, as much of the information is speculative in nature. BCC Research and the author assume no responsibility for any loss or damage that might result from reliance on the reported information or from its use.
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