Renal Medical Devices Services Market Growth & Trends [2031]
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
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| Report ID :HC-2493
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| 188 Pages
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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.
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Attributes |
Details |
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Report Title |
Renal Medical Devices Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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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) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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.
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.
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.
Table Of Content
1. Executive Summary2. 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 (000’ 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
Methodology
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