DUBLIN—The global renal dialysis equipment market is expected to exceed $12 billion by 2017, according to GlobalData's new report "Renal Dialysis Equipment - Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017.”
GlobalData's new report provides 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 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 percent, according to the report. 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, GlobalData reported.
A stable patient base of about 2 million lends a stable and non-cyclical nature to the renal dialysis equipment market that leaves it minimally affected by the economic uncertainties, according to the report. Despite the economic meltdown from 2008 to 2009, the renal dialysis equipment market exhibited a healthy growth rate.
