Developments Driving Medical Consumables for Dialysis
Consumables for DialysisInnovation has been the buzzword across industries for quite some time. The dialysis services market, too, has been no different owing to the technological integration in medical consumables essential for treatment. Currently, the Indian dialysis market shows great potential for further incremental growth in the near future. It is also expected to reach a CAGR of 9.4% and touch the US $17.6 billion marks by 2020.
Let’s discuss the developments dominating the medical consumables for the dialysis services market.
Portable dialysis system as a technological disruption
The industry for medical consumables manufactured for dialysis has disrupted the healthcare market with its portable dialysis system. This path-breaking innovation has enabled medical professionals to make the most of the medical consumables for efficient dialysis treatment, even in remote rural areas of India. Furthermore, it requires much less water than traditional dialysis systems for its efficient operation. The benefits do not end here, as it also needs fewer technicians.
Duty exemptions on medical consumables for dialysis
The Union Budget 2016 lent a major boost to certain specialized medical consumables for dialysis. The idea behind offering duty exemptions on these tools and equipment was to control the prevailing exorbitant costs of dialysis treatment.
National Dialysis Service Program
The Union Budget 2016 was a boon for kidney patients in more ways than one. The National Dialysis Service Program strives to reach out to more patients requiring dialysis by extending the necessary facilities and medical consumables to district hospitals and healthcare centers too. Funded through a PPP Model, registered under the National Health Mission, the program’s contribution to the growth of medical consumables is expected to touch 17% versus the previous figure of 5%.
Hemodialysis for dialysis at home
Evolving medical consumables, driven by tech disruptions, have now brought dialysis treatment home through hemodialysis machines. The innovation introduces a human touch to the medical treatment by making it convenient for patients to opt for dialysis in the comfort and privacy of their homes. Most importantly, the flexible approach makes the life-saving treatment of hemodialysis possible.
Hemodialysis vascular access can be categorized under Arteriovenous Fistula (AVF) and the AV Graft (AVG) for long-term application. The third category – Centre Venous Catheter (CVC) – is usually considered for short-term application.
The consistent disruptions have spawned two new techniques that show the promise of helping the medical industry to aim for better outcomes.
Percutaneous Fistula Creation: Percutaneous anastomosis devices and other medical consumables are usually considered to be an alternative for surgical fistula creation.
Bioengineered Blood Vessels: These are developed from human cells to reduce the dependence on CVCs. They are considered to be a comparatively safer and more durable option than synthetic alternatives.
The recent innovations in medical consumables for dialysis indicate the remarkable progress that the industry has made in recent times. It also sets the bar higher for future technological developments. It will definitely be interesting to see how it shapes the future of medical consumables for dialysis.