Portable Dialysis Devices Market: Current Analysis and Forecast (2021-2027)

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Global Portable dialysis devices Market is anticipated to grow with an elevated CAGR of around 5% over the forecast period (2021-2027). Dialysis is a life-saving treatment for patients suffering from end-stage kidney disease. Portable dialysis machines are the ones that are particularly designed for use at home setups or during traveling. These machines can significantly improve the quality of life by allowing patients to have dialysis while going around their daily activities.

With the rapid advancement in technology and rising awareness regarding the availability of advanced treatments among the population, many industry players are focusing on expanding their product portfolio by launching new products in the market due to which the portable dialysis devices market is witnessing an uptick all over the globe. For instance, in March 2021, Baxter International Inc., a global innovator in renal care, announced U.S. Food and Drug Administration (FDA) clearance of its next-generation Artificial Kidney 98 (AK 98)dialysis machine, which is designed to be a portable and easy-to-use system to administer hemodialysis (HD) treatments. AK 98 offers encrypted, two-way connectivity, which enables the system to pull prescriptions directly from the electronic medical record (EMR) for simplified workflow and data handling.

Additionally, the growing demand for portable dialysis devices can be attributed to the rising prevalence of various kidney diseases coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly is expected to double again by 2050 and reach nearly 2.1 billion worldwide. Also, the occurrence of chronic kidney diseases is almost varied from 23.4% to 35.8% higher in the elderly population as compared to the younger population. As per CDC, chronic kidney disease is more common in people aged 65 years or older (38%) than in people aged 45–64 years (12%) or 18–44 years (6%) in the United States. Thereby, boosting the portable dialysis device market globally.

Countries with the largest percentage share of older persons aged 65 years or over, 2019-2050

1. Braun Melsungen AG, Baxter International Inc, AllMed Healthcare Management, Inc, Asahi Kasei Corporation, Fresenius Kabi AG, AWAK Technologies, Quanta Dialysis Technologies Ltd, Medtronic Plc, Nipro, NxStage Medical Inc., are some of the prominent players operating in the portable dialysis devices market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and advanced dialysis devices.

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Insights Presented in the Report

“Amongst Product, hemodialysis segment holds the major share”

Based on the product, the portable dialysis devices market is segmented into hemodialysis and peritoneal dialysis. The hemodialysis segment accounted for a significant market share in 2020 and it is estimated to grow considerably during the forecast period. The growth of this segment can be attributed to the increasing prevalence of kidney failure patients coupled with frequent innovative product launches in the market by the key market players.

“Amongst End-Users, hospitals and clinics segment holds the major share”

Based on end-users, the portable dialysis devices market is divided into hospitals and clinics, home care settings, and others. The hospitals and clinics segment grabbed major market share in 2020 and is anticipated to grow with a lucrative CAGR in the upcoming years owing to the increasing preference of patients to take dialysis procedures in hospitals and clinics owing to the well-established infrastructure and presence of trained healthcare professionals and advanced devices. However, the home care setting segment is expected to grow considerably in the upcoming years.

“North America represents one of the largest markets of portable dialysis devices market”

For a better understanding of the market dynamics of the portable dialysis devices market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the portable dialysis devices market industry in 2020 owing to the presence of well-established market players in the region and frequent product launches.

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Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry

Customization Options:

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global portable dialysis devices market were the three major steps undertaken to create and analyze the adoption of portable dialysis devices in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global portable dialysis devices market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the portable dialysis devices through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the portable dialysis devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product and end-user. Further country-level analyses were conducted to evaluate the overall adoption of portable dialysis devices across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the portable dialysis devices. Further, we conducted factor analysis using dependent and independent variables such as the technological advancement in dialysis devices and the growing prevalence of kidney diseases across the globe. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the portable dialysis devices sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the portable dialysis devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of portable dialysis devices across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the portable dialysis devices market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

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Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the portable dialysis devices market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product and end-user of the portable dialysis devices market.

The main objective of the Portable dialysis devices Market Study

The current & future market trends of portable dialysis devices were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of portable dialysis devices in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of of product and end-user
• Define and analysis of the regulatory framework for the portable dialysis devices industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the portable dialysis devices market for the major region
• Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
• Company profiles of the portable dialysis devices market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry

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