Hemodialysis Catheters Market Expected to Reach $1,163 Million by 2030

According to a new report published by Allied Market Research, titled, “Hemodialysis Catheters Market by Product, Tip Configuration, Material, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030," The global hemodialysis catheters market size was valued at $736 million in 2020 and expected to reach $1,163 million in 2030, at a CAGR 4.66% from 2021 to 2030.

Hemodialysis is a process of blood purification of patients whose kidneys are not working normally. Hemodialysis helps to filter wastes and water from blood, for a patients suffering from kidney failure. Hemodialysis helps to control blood pressure and balance of sodium, potassium, and calcium. For a patient with kidney failure, catheter helps in attaching the dialyzer and external tubing helps in facilitation of efficient removal of wastes such as urea and extra fluid from blood, same as functional kidney. Hemodialysis catheter is a thin, flexible tube that is implanted in superior vena cava for blood transmission during hemodialysis. The catheter consists of one or two synthetic cuffs along the shaft and are inserted using a special trocar.

With a surge in kidney diseases and kidney patients across the globe, the demand for hemodialysis catheters rises during the forecast period. Moreover, enhancement in technological applications and lack of donors are projected to fuel the hemodialysis catheters market growth. However, risk of blood infection and strict regulations under this segment of dialysis hinder the growth of the market.

The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. Due to the COVID-19 pandemic, governments have compelled strict lockdown and social distancing prompt the decline in business sector. Governments have also issued limitations and bans on medical procedures and elective surgeries. These restrictions have impacted the supply chain, manufacturing, and distribution channels of several medical firms..

The impact of COVID-19 on hemodialysis catheters market was neutral.. For instance, the demand for hemodialysis catheters increased due to the surge in hemodialysis procedures. However, government restrictions hinder the growth of the market.     

The hemodialysis catheters market is segmented on the basis of product, tip configuration, material, end user, and region. On the basis of product, the market is fragmented into cuffed tunneled catheters, non-cuffed tunneled catheters, and non-tunneled catheters. By material, the market is divided into silicone and polyurethane. Depending on tip configuration, it is classified into step-tip catheters, split-tip catheters, and symmetric catheters. According to end user, it is categorized into hospitals, home dialysis, and others. Region wise, it is differentiated into North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and rest of Asia-Pacific),and LAMEA (Brazil, Turkey, Saudi Arabia, South Africa, and rest of LAMEA).

Depending on product, cuffed tunneled catheter segment is anticipated to lead the market throughout the forecast period, owing to increase in the number of hemodialysis patients.

According to material, the polyurethane (PU) segment was the major revenue contributor, and is projected to grow with significant rate during the forecast period owing to high number of advantages it offers against the counterparts. For instance, the thermoplastic property of the material allows it to be stiff outside the body and soft when inserted into the body.

Key Findings Of The Study

• Depending on product, the cuffed tunneled catheter segment accounted for more than half of the share of the hemodialysis catheters market in 2020.
• Region wise, Asia-Pacific is anticipated to grow at the highest CAGR of 6.7% throughout the forecast period.
• In Europe, Germany accounted for more than one-thirds share of the hemodialysis catheters market, in 2020.
• By material, the polyurethane segment accounted for more than two-third share of the global hemodialysis catheters market in 2020.

In addition, North America is expected to offer remunerative growth opportunities to key players operating in the industry. This is majorly attributed to factors such as high prevalence of end stage renal diseases and  chronic kidney disease which require the use of hemodialysis, which, in turn, uses catheters. In addition, presence of key players in the region that operate in hemodialysis catheters market is another factor that drives the growth of the market. Asia-Pacific is expected to exhibit fastest growth rate due to surge in in the healthcare expenditure and rise in investments related to hemodialysis equipment.