Hemodialysis Catheter Market Overview:
The Global Hemodialysis Catheters Market was valued at $663 million in 2016, and is estimated to reach at $926 million by 2023, registering a CAGR of 4.8% from 2017 to 2023. Hemodialysis is a process of filtration of blood of a person suffering from kidney failure. It is carried out by connecting a dialysis machine to the patient using a catheter as a linking point. The catheter includes two types of lumens (flexible tubular passage) for exchange of blood, which are colored in red and blue for clear identification during dialysis process. The red colored lumen (atrial lumen) draws blood from the patient and transfers it to the dialysis machine for filtration, whereas the blue colored lumen (venous lumen) returns the blood to the patient after filtration from dialysis machine.
The catheter is inserted in one of the large veins such as superior vena cava or by puncturing the internal jugular vein in the neck to push it inside the chest. The blood flow of a catheter rages between 200 and 500 ml per min. The growth of the hemodialysis catheters market is driven by factors such as increase in prevalence of end-stage renal diseases (ESRD) and surge in number of patients suffering from chronic kidney disorders. In addition, low availability of kidney donors for transplantation and technological development in dialysis equipment are expected to fuel the market growth. However, limitations in medical reimbursement of dialysis procedures in the developing regions and increase in risk of blood infection & thrombosis hinder the growth of the market.
Global Hemodialysis Catheters Market Segmentation
The hemodialysis catheters market is segmented based on product, tip configuration, material, end user, and geography. On the basis of product, the market is segmented into cuffed tunneled catheters, non-cuffed tunneled catheters and non-tunneled catheters. By material, the market is categorized into silicone, polyurethane. Depending on tip configuration, it is classified into step-tip catheters, split-tip catheters, and symmetric catheters. According to end user, it is fragmented into hospitals, clinics/dialysis centers and home dialysis. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The cuffed tunneled catheters segment is expected to account for the largest market share during the analysis period, due to increase in adoption of tunneled catchers in hemodialysis processes. The in-center hemodialysis is anticipated to generate the highest revenue, owing to efficient dialysis services and professional assistance provided for patients during dialysis.
By geography, the global hemodialysis catheters market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific held the largest market share in 2016, followed by Europe. On the other hand, LAMEA is expected to grow at the highest CAGR during the study period. The major factors that drive the growth of this market is increase in incidence of end-stage renal diseases and rise in demand for efficient dialysis products. Moreover, surge in awareness towards renal diseases and the availability of their treatments in the developing regions fuel the demand for hemodialysis catheters.
Hemodialysis Catheters Market, by Geography, 2016-2023 ($million)
Increase in Number of Chronic Kidney Diseases
Surge in number patients suffering from chronic kidney diseases and end-stage renal diseases is expected to boost the demand for dialysis treatments. According to the National Kidney Foundation, the number of adults suffering from chronic kidney diseases over 30 years of age is estimated to increase from 13% in 2015 to 14% by 2020.
Limitations in Medical Reimbursement
The prevalence of kidney diseases is increasing continuously, and treatments such as dialysis and kidney transplant are extremely expensive. Hemodialysis accounts for approximately 90% of the dialysis processes, and is widely adopted across the globe. According to the University of California, average per patient cost for hemodialysis treatment costs around $89,000 per patient annually in the U. S. Thus, inability of patients with low economic conditions to bear heavy costs for dialysis treatments restrain the market growth. Moreover, unfavorable medical reimbursement policies in underdeveloped countries impedes the growth of the market.
The report provides extensive competitive analysis and profiles of key market players, such as Fresenius Medical Care AG & Co. KGaA, Nikkiso Co. Ltd, B. Braun Melsungen AG, Nipro Medical Corporation, Toray Medical Co., Ltd., Baxter International Inc., Asahi Kasei Medical Co., Ltd., NxStage Medical, Inc., Outset Medical, Inc, and Allmed Medical Corporation.
The other players in the value chain include AngioDynamics Inc., C. R, Bard, Medical Components Inc, Medtronic PLC, and Cook Medical.
Key Benefits :
- The study provides an in-depth analysis of the hemodialysis catheters market with current trends and future estimations to elucidate the imminent investment pockets.
- The report provides a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities.
- Extensive analysis by technology and application helps to understand various trends and prevailing opportunities in the respective market.
- Comprehensive analysis of all geographical regions is provided, which determines the main opportunities in these geographies.
- Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
Hemodialysis Catheter Market Key Segments:
- Cuffed tunneled
- Non-cuffed tunneled
By Tip Configuration
- Step-tip catheters
- Split-tip catheters
- Symmetric catheters
By End User
- Clinics/dialysis centers
- Home Dialysis
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA