Product ID: SQMIG35A2518
Global Dialysis Equipment Market Size, Share, Growth Analysis, By Product(Hemodialysis Devices, Peritoneal Dialysis Devices), By End User(Hospitals, Clinics) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2518 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
67 |
Figures:
75
Global Dialysis Equipment Market Insights
Dialysis Equipment Market size was valued at USD 15816.83 million in 2019 and is poised to grow from USD 16874.5 million in 2023 to USD 26856.68 million by 2031, growing at a CAGR of 6.6% in the forecast period (2024-2031).
The global market for dialysis equipment is expected to increase significantly over the projected period due to a variety of factors at play in the overall environment. The development of HD equipment is one of the main ones (Hemodialysis). The high incidence of kidney failure mentioned before also contributes to this. In these circumstances, it becomes essential to filter out waste and water using HD.
As a result, an increasing number of participants took up the challenge of enhancing patient experience and delivering the finest medical results. It is important to note that 37 million people in the United States of America alone have chronic renal disease.
Additionally, this comprises 15% of the adult population, or one in seven persons. Another issue with chronic kidney disease is that roughly 90% of those who have it are completely ignorant that it is even there in their bodies. Furthermore, it's important to note that one in three persons runs the chance of getting the illness.
In absolute terms, this figure totals a massive 80 million. In addition, by 2031, there will be a sizable population of 2 billion people in the world who are 60 or older. When compared to the figure noted in 2019—900 million—the number appears significant. Again, it is important to remember that one in four and one in six individuals will be above the age of 65 in North America, Europe, and the rest of the world, respectively.
It's also important to note that people in this group are more prone to kidney problems. Thus, this group plays a vital role in the expansion of the global market for dialysis equipment. The forecast term is expected to see a moderate expansion of the global market for dialysis equipment. Significant drivers of the need for dialysis equipment have been identified as the rising occurrences of renal disorders, diabetes, and hypertension.
The global market for dialysis equipment is growing as a result of ongoing technical advancements and the healthcare industry's willingness to accept new products and innovations.
Digital identification companies come into play when the patient population rises as they work to enhance and expand the equipment's accessibility. Furthermore, because they can be used to treat renal problems remotely, demand for easily transportable equipment is predicted to increase. As a result, it is projected that during the projection period, this factor would significantly boost the market share of dialysis equipment.
US Dialysis Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Dialysis Equipment Market Report Snapshots
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