March 10, 2021
As per the report titled ‘Dialysis Catheters Market Share, Size, Trends, Industry Analysis Report, By Product Type; By Application; By End Use; By Regions; Segment Forecast, 2020 -2027’, available with Market Study Report, global dialysis catheters market valuation is estimated to touch USD 976.2 million by the end of the forecast period 2020-2027.
According to the findings of the report, rising cases of kidney disorders due to factors such as lifestyle changes is fostering global dialysis catheters market growth. In fact, a study published by Lancet claims that approximately 1.2 million individuals across the globe died from chronic kidney disorders in 2017, with the total cases rising to 697.5 million in the same year.
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Further, booming elderly population and their need for medical care, along with spike in the number of independent dialysis care centers in Europe and U.S. are positively impacting global dialysis catheters industry dynamics.
For the uninitiated, dialysis catheters are utilized for blood exchange to and from a dialysis machine and the patient undergoing treatment. Catheters has two lumens, namely, arterial and venous. Arterial lumen transfers blood away from heart to the dialysis machine, and venous lumens returns it back to the heart from the machine. Generally, catheters are placed in superior vena cava (SVC), by puncturing jugular vein present in the neck, towards chest.
Based on end-use spectrum, global dialysis catheters market is fragmented into in-center dialysis and home dialysis. In-center dialysis segment is further split into hospitals and dialysis centers, among which, the later is likely to witness modest gains in the coming years. Dialysis centers offer exclusive treatment services for various renal disorders and have a widespread network across the globe. There are over 16,800 dialysis centers in more than 161 countries.
On the other hand, home dialysis will likely garner decent gains due to growing preference of elderly patients towards home healthcare, and launch of new innovative products in this field. For instance, Outset Medical, in April 2020, announced that it received FDA approval Tablo hemodialysis system which is a home-based all-in-one dialysis care machine capable of handling both water purification and dialysate production.
Considering the geographical landscape, key contributors to global dialysis catheters market remuneration are North America (U.S., Canada), Europe (Italy, Germany, France, UK, Spain, Austria, Netherlands), Asia Pacific (India, Japan, China, South Korea, Indonesia), Middle East (UAE, Saudi Arabia, South Africa, Israel), and Latin America (Argentina, Mexico, Brazil).
Speaking of the competitive arena, top contenders influencing global dialysis catheters industry trends are Vygon SA, ICU Medical, Inc., RyMed Technologies, LLC, Nexus Medical, LLC, Becton, Dickinson and Company, Carefusion (BD), B. Braun Melsungen AG, and Baxter International, Inc.