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Renal Dialysis Equipment - Global Pipeline Analysis, Competitive Landscape and Market Forecasts
Renal Dialysis Equipment - Global Pipeline Analysis, Competitive Landscape and Market Forecasts
Global Renal Dialysis Equipment Market to exceed $12 billion by 2017
Hyderabad,
AP,
India
(prbd.net)
31/05/2011
The global renal dialysis equipment market was valued at $8.6 billion in 2010 and is projected to grow to
$12.7 billion in 2017 at a Compound Annual Growth Rate (CAGR) of 6%. The growth is expected to be
driven primarily by the growing elderly population, an increasing incidence of end-stage renal disease
(ESRD), a rising incidence of diabetes and hypertension (which acts as precursor to ESRD), and a
shortage of kidney donors for transplantation. The market has shown noticeable growth over the past five years due to sustained efforts made by governments to provide better healthcare for people suffering from renal failure.
A stable patient base of about two million lends a stable and non-cyclical nature to the renal dialysis
equipment market that leaves it minimally affected by the economic uncertainties. Despite the economic meltdown from 2008 to 2009, the renal dialysis equipment market exhibited a healthy growth rate.
The European renal dialysis equipment market was valued at around $3 billion in 2010 and is projected to reach approximately $4 billion in 2017 at a CAGR of 5%. The European market remains the biggest
market in terms of market size and accounted for about 34% of the total revenue of the global renal
dialysis equipment market in 2010. Of the European market, Germany, France and Italy collectively
account for a 45% share.
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In future, the market is expected to witness steady growth as the dialysis patient population is already
high in developed countries. At present, around one-tenth of the total population of the European region is diagnosed with some form of renal failure. The patient population undergoing dialysis in Europe has increased almost two-fold over the last decade and is likely to increase at an annual rate of around 4-6%, due to the rising prevalence of diabetes, high blood pressure, obesity and cardiovascular disorders.
The renal dialysis equipment markets in emerging economies such as China, India and Brazil are
expected to grow at about 5.2%, 7.7% and 7.9% respectively. Emerging markets offer new opportunities
for companies dealing in renal dialysis equipment, who are witnessing slower growth in mature markets
such as the US, the European Union (EU) and Japan. The strong growth in emerging countries is
primarily driven by rising income levels along with a rising level of healthcare access and funding. The
government in these countries is taking a step towards improving healthcare quality and access to the
latest medical advancements.
GlobalData’s new report, “Renal Dialysis Equipment - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” provides key data, information and analysis on the global renal dialysis equipment market. The report provides market landscape, competitive landscape and market trends information on the renal dialysis equipment market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.
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