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Pharmacy benefit management market
Dialysis Catheter Market REPORT OVERVIEW
The global dialysis catheter market size was USD 740.7 million in 2021 and market is projected to touch USD 1123.45 million by 2031, exhibiting a CAGR of 4.2% during the forecast period.
A hemodialysis machine and a patient's blood are exchanged through a dialysis catheter. Dialysis is a process that clears the blood of extra fluid and waste products. Blood is typically filtered by the kidneys by eliminating extra fluid and waste from the blood. The bladder receives this waste after which it is ultimately expelled by urine. Extra waste, water, and other pollutants are prevented from building up in the body by functioning kidneys. The function of the kidneys also includes controlling blood pressure and the amount of chemical substances in the blood. Potential chemical components include salt and potassium. If the kidneys are not functioning, dialysis fills in for them.
Since the 1940s, dialysis has been utilised as a form of treatment for kidney disease. Hemodialysis and peritoneal dialysis are the two main forms of dialysis. During peritoneal dialysis, excess fluid and waste products are eliminated from the body by using a fluid called dialysate. The patient's abdominal cavity receives the dialysate. Hemodialysis is a technique that eliminates waste, excess fluid, and toxins from the body using an artificial kidney (hemodialyzer). The most popular form of dialysis is hemodialysis. The procedure is carried out three times per week and usually lasts three to five hours.
COVID-19 Impact: Emphasize on Treating COVID-19 Patients Encumbered the Market Growth
The consequence of the COVID-19 pandemic had a negative impact on the dialysis catheter market share. Underlined and heightened the necessity of patients suffering from COVID-19 the hospitals and medical centers got more focused on treating them, henceforth resulting in the delay or postponing in dialysis procedures. As a result, it caused a decline to the dialysis catheter market growth during the forecaster period.
LATEST TRENDS
"Technological Advancements in Healthcare to Attract the Market Share"
The market has changed in established nations, while emerging markets provide significant room for expansion. In order to improve the quality of life for patients, players are now concentrating on increasing the number of dialysis facilities, developing treatment modalities, and implementing novel technology in renal dialysis products. The prevalence of Chronic Kidney Disorders (CKDs), technological advancements such as the creation of catheters with anti-microbial coatings, and other reasons are also driving the market.
Dialysis Catheter Market SEGMENTATION
- By Type
Based on type the market is classified into long-term hemodialysis catheter, short-term hemodialysis catheter and others.
Long-term hemodialysis catheter is the leading type of the segment in the market.
- By Application
Based on application the market is classified as dialysis centers, hospitals, homecare settings and others.
The dialysis centers accounts for the leading application in the market.
DRIVING FACTORS
"Rise in Prevalence and Incidence of Kidney Diseases to Drive the Demand "
Demand for dialysis catheters is anticipated to increase along with the prevalence and incidence of renal illnesses. The National Chronic Kidney Disease Fact Sheet projects that 30 million Americans, or 15% of the adult population, will have chronic kidney disease by 2017. Of these, 48% of those with significantly diminished kidney function are unaware that they have chronic renal disease. Women are thought to experience chronic renal disease more frequently than males.
"Emergence of Home-based Catheterization to Propel Market"
Because a growing number of dialysis patients prefer treatment at home, catheters are increasingly being utilised in home settings. As a result, dialysis equipment manufacturers concentrate on developing self-dialyzing devices and services to facilitate catheterization in the home. Self-catheterization is being encouraged by medical professionals in order to reduce the expense and length of hospitalisation as well as the danger of infections contracted in hospitals (HAIs).
RESTRAINING FACTORS
"Several Side Effects and the Presence of Alternatives to Hamper the Market Share"
There are various side effects related with hemodialysis treatment, including itching, infections, anaemia, pericarditis, hyperkalemia, hypotension, hypertension, muscular cramps, and bone disorders. Other long-term dangers of hemodialysis include insufficient waste filtration, the creation of clots in the dialysis graft or fistula, and the emergence of cardiovascular disease or cardiac arrhythmias. People avoid hemodialysis because they are afraid of the consequences. However, the advent of other therapeutic alternatives for vascular access, such as AV fistulas and AV grafts, has slowed the worldwide dialysis catheter market growth.
Dialysis Catheter Market REGIONAL INSIGHTS
"North America to Rule Out the Market With a Well Established Healthcare and Advancements"
Owing to the increasing frequency of renal disorders, the expanding prevalence of diabetes and hypertension patients, and improved technology in the healthcare industry, North America leads the global dialysis catheter market, accounting for the biggest market share in 2018. The United States accounts for approximately 85% of the global hemodialysis equipment market. B. Braun Melsungen AG, Baxter International Inc., and Fresenius Medical Care are the biggest companies in North America. Because hemodialysis is the most widely acknowledged treatment modality in the country, the U.S. is considered the world's largest market for hemodialysis equipment. To grow their dialysis catheter market share, hemodialysis service providers in the country are implementing measures such as product technology and product line extension. With the technological factors and well established healthcare North American region will dominate the market in the projected timeframe.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players, and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
LIST OF TOP Dialysis Catheter COMPANIES
- Medtronic (U.S.)
- C.R. Bard (U.S.)
- Medline Industries (U.S.)
- AngioDynamics (U.S.)
- Amecath (Egypt)
- Argon Medical Devices (U.S.)
- Baxter International (U.S.)
- Merit Medical Systems (Jordan)
- Teleflex (U.S.)
- Kimal (U.S.)
- Navilyst Medical (U.S.)
- Jiangxi Sanxin Medtec (China)
- Guangdong Baihe Medical Technology (China)
- Shenzhen Shunmei Medical (China)
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 740.7 Million in 2021 |
Market Size Value By |
US$ 1123.45 Million by 2031 |
Growth Rate |
CAGR of 4.2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the dialysis catheter market expected to touch by 2031?
The global dialysis catheter market is expected to reach USD 1123.45 million by 2031.
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What CAGR is the dialysis catheter market expected to exhibit by 2031?
The dialysis catheter market is expected to exhibit a CAGR of 4.2% by 2031.
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Which are the driving factors of the dialysis catheter market?
Rise in the prevalence and incidence of kidney disease and the emergence of home-based catheterization are the driving factors of the dialysis catheter market.
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Which are the top companies operating in the dialysis catheter market?
Medtronic, C.R. Bard, Medline Industries, AngioDynamics, Amecath, Argon Medical Devices, Baxter International, Baxter International, Merit Medical Systems, Teleflex, Kimal, Navilyst Medical, Cook Medical, Vygon, Fresenius Medical Care, Baxter, Foshan Special Medical, Jiangxi Sanxin Medtec, Guangdong Baihe Medical Technolog, Shenzhen Shunmei Medical and others.