Renal Medical Devices Services Market Growth & Trends [2031]

Segments - Renal Medical Devices Services Market by Types (Dialysis Equipment, Renal Denervation Devices, Wearable Artificial Kidney Device, Distal Embolic Protection Devices), Applications (Kidney Failure, Chronic Kidney Disease, End-stage Kidney Disease, Renal Kidney Stone Disease, Hypertension, Diabetes, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Vishal Golekar

Report Description

Renal Medical Devices Services Market Outlook

The Renal Medical Devices Services Market size was USD 5.24 Billion in 2022 and is likely to reach USD 5.60 Billion by 2031, expanding at a CAGR of 6.8% during 2023–2031. Growth of the market is attributed to rising demand for dialysis equipment’s.

Kidney disease has affected a large proportion of the global population and has become more prevalent in recent decades. Diabetes, high blood pressure, and a variety of other chronic (long-term) conditions can all cause damage.

Kidney disease can cause a variety of other health issues, such as weak bones, nerve damage, and malnutrition. Furthermore, the geriatric population is predisposed to kidney disease. The prevalence of kidney disorders is expected to rise as the geriatric population grows.

Furthermore, as a result of the global pandemic, healthcare facilities such as hospitals have been overburdened with a large influx of patients; as a result, many countries have postponed elective surgeries and other healthcare procedures indefinitely. Furthermore, there has been an increase in the demand for renal disease treatment products used in homecare.

Market Trends, Drivers, Restraints, and Opportunities

Increasing cases of kidney failure in generic population is projected to drive the market.
Rising demand for urology and nephrology devices has fueled the market.
Development of minimal invasive devices is anticipated to create immense opportunities for the market players.

Scope of Renal Medical Devices Services Market Report

The report on the global renal medical devices services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Renal Medical Devices Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Dialysis Equipment, Renal Denervation Devices, Wearable Artificial Kidney Device, Distal Embolic Protection Devices), Applications (Kidney Failure, Chronic Kidney Disease, End-stage Kidney Disease, Renal Kidney Stone Disease, Hypertension, Diabetes, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	B Braun Melsungen Ag; Baxter International Inc; Boston Scientific Corporation; and Medtronic

Renal Medical Devices Services Market Segment Insights

The dialysis equipment segment is hold major market share

Based on types, the global renal medical devices services market is segregated into dialysis equipment, renal denervation devices, wearable artificial kidney device, and distal embolic protection devices. The dialysis instruments segment is estimated to hold a major market share during the forecast period. This is due to an increase in demand for devices in developing countries such as India, where the number of patients requiring hemodialysis is increasing.

Global Renal Medical Devices Services Market types

The renal kidney stone segment is anticipated to expand

On the basis of applications, the renal medical devices services market is segregated into kidney failure, chronic kidney disease, end-stage kidney disease, renal kidney stone disease, hypertension, diabetes, and others. The renal kidney stone segment is anticipated to expand at a high CAGR. A kidney stone is a crystalline mineral material that forms within the kidney or urinary tract. Kidney stones are a common cause of blood in the urine (hematuria) and severe abdominal, flank, or groin pain.

According to a 2017 United Nations report, the global population is ageing, particularly in developed countries. As a result, the incidence of kidney stones is expected to rise. This increases overall demand for medical devices used in kidney stone removal procedures, assisting the market's growth.

Global Renal Medical Devices Services Market application

The market in North America is projected to hold a major market share

In terms of regions, the global renal medical devices market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is estimated to dominate the market. The US and Canada have developed and well-structured health-care systems. As a result, these countries benefit from the presence of a large number of global market players.

Global Renal Medical Devices Services Market region

Segments

The global renal medical devices services market is segmented on the basis of

Types

Dialysis Equipment
Renal Denervation Devices
Wearable Artificial Kidney Device
Distal Embolic Protection Devices

Applications

Kidney Failure
Chronic Kidney Disease
End-stage kidney disease
Renal Kidney Stone Disease
Hypertension
Diabetes
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

B Braun Melsungen Ag
Baxter International Inc
Boston Scientific Corporation
Medtronic

Competitive Landscape

The major players in the renal medical devices services market include B Braun Melsungen Ag; Baxter International Inc; Boston Scientific Corporation; and Medtronic

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Global Renal Medical Devices Services Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Renal Medical Devices Services Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Renal Medical Devices Services Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Renal Medical Devices Services Market - Supply Chain
  4.5. Global Renal Medical Devices Services Market Forecast
     4.5.1. Renal Medical Devices Services Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Renal Medical Devices Services Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Renal Medical Devices Services Market Absolute $ Opportunity
5. Global Renal Medical Devices Services Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Renal Medical Devices Services Market Size and Volume Forecast by Types
     5.3.1. Dialysis Equipment
     5.3.2. Renal Denervation Devices
     5.3.3. Wearable Artificial Kidney Device
     5.3.4. Distal Embolic Protection Devices
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Renal Medical Devices Services Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Renal Medical Devices Services Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Renal Medical Devices Services Demand Share Forecast, 2019-2026
7. North America Renal Medical Devices Services Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Renal Medical Devices Services Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Renal Medical Devices Services Market Size and Volume Forecast by Types
     7.4.1. Dialysis Equipment
     7.4.2. Renal Denervation Devices
     7.4.3. Wearable Artificial Kidney Device
     7.4.4. Distal Embolic Protection Devices
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Renal Medical Devices Services Demand Share Forecast, 2019-2026
8. Latin America Renal Medical Devices Services Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Renal Medical Devices Services Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Renal Medical Devices Services Market Size and Volume Forecast by Types
     8.4.1. Dialysis Equipment
     8.4.2. Renal Denervation Devices
     8.4.3. Wearable Artificial Kidney Device
     8.4.4. Distal Embolic Protection Devices
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Renal Medical Devices Services Demand Share Forecast, 2019-2026
9. Europe Renal Medical Devices Services Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Renal Medical Devices Services Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Renal Medical Devices Services Market Size and Volume Forecast by Types
     9.4.1. Dialysis Equipment
     9.4.2. Renal Denervation Devices
     9.4.3. Wearable Artificial Kidney Device
     9.4.4. Distal Embolic Protection Devices
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Renal Medical Devices Services Demand Share Forecast, 2019-2026
10. Asia Pacific Renal Medical Devices Services Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Renal Medical Devices Services Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Renal Medical Devices Services Market Size and Volume Forecast by Types
     10.4.1. Dialysis Equipment
     10.4.2. Renal Denervation Devices
     10.4.3. Wearable Artificial Kidney Device
     10.4.4. Distal Embolic Protection Devices
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Renal Medical Devices Services Demand Share Forecast, 2019-2026
11. Middle East & Africa Renal Medical Devices Services Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Renal Medical Devices Services Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Renal Medical Devices Services Market Size and Volume Forecast by Types
     11.4.1. Dialysis Equipment
     11.4.2. Renal Denervation Devices
     11.4.3. Wearable Artificial Kidney Device
     11.4.4. Distal Embolic Protection Devices
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Renal Medical Devices Services Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Renal Medical Devices Services Market: Market Share Analysis
  12.2. Renal Medical Devices Services Distributors and Customers
  12.3. Renal Medical Devices Services Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. B Braun Melsungen Ag
     12.4.2. Baxter International Inc
     12.4.3. Boston Scientific Corporation
     12.4.4. Medtronic