USD 108.7 billion
Report ID:
SQSG35A2061 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
87
|Figures:
76
Global Dialysis Market size was valued at USD 110.80 billion in 2022 and is poised to grow from USD 115.82 billion in 2023 to USD 162.45 billion by 2031, growing at a CAGR of 4.32% during the forecast period (2024-2031).
Surging prevalence of chronic kidney disease (CKD) is forecasted to be the primary driver for dialysis market. Poor lifestyle choices and increasing cases of kidney failure are also expected to create new opportunities for dialysis providers going forward. Efforts to improve quality of life for patients suffering from renal disorders and growing use of advanced dialysis technologies are also estimated to promote market development in the future. The expanding aging population and high investments in the research and development of novel dialysis technologies are also supplementing the demand for dialysis solutions and services in the long run. Developing countries such as India, China, Japan, and Brazil are expected to emerge as highly opportune markets for dialysis companies across the study period. On the contrary, high costs of dialysis, risk of infections and complications, dearth of skilled professionals, and increasing kidney transplants are slated to slow down the adoption of dialysis in the near future.
US Dialysis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 108.7 billion
Largest Segment
Peritoneal Dialysis
Fastest Growth
Peritoneal Dialysis
Growth Rate
6.78% CAGR
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Global Dialysis Market is segmented by Type, Products and Services, End User, and Region. Based on Type, the market is segmented into Hemodialysis (Conventional Hemodialysis, Short Daily Hemodialysis, Nocturnal Hemodialysis), Peritoneal Dialysis (Continuous Ambulatory Peritoneal Dialysis (CAPD), Automated Peritoneal Dialysis (APD)). Based on Products and Services, the market is segmented into Services, Equipment (Dialysis Machines, Water Treatment Systems, Others), Consumables (Dialyzers, Catheters, Others), Dialysis Drugs. Based on End User, the market is segmented into In-center Dialysis, Home Dialysis. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Products and Services
Dialysis services are anticipated to account for the largest dialysis market share going forward. Increasing availability of state-of-the-art dialysis facilities and high preference for in-center dialysis are projected to be key factors helping this segment maintain its dominant stance. Financial and logistical challenges associated with home dialysis procedures are also expected to benefit market growth via this segment in the long run. High costs associated with the procurement of dialysis equipment and the need for skilled professionals to operate the same also push patients to opt for dialysis services instead of investing in their own set ups.
On the other hand, the demand for consumables is projected to increase at a notable pace in the future. Increasing need for new consumables for every dialysis procedure and disposable nature of most consumables allows this segment to become highly opportune. Moreover, rising emphasis on reducing risk of infections and complications in dialysis procedures is also expected to create new opportunities for dialysis companies via this segment. Dialyzers, catheters, fistula needles, etc. Are some of the commonly used consumables in dialysis. Emphasis on reducing medical waste could bolster the demand for reusable consumables for dialysis thereby creating new opportunities as well.
Analysis by End Use
In-center dialysis is estimated to account for a significant chunk of the global dialysis market share. Availability of advanced dialysis care at healthcare establishments and presence of trained professionals to perform dialysis are key factors helping this segment maintain its dominant stance. Moreover, there is an added element of social interaction when patients visit a center for dialysis treatment, which is also contributing to the high market share of this segment. Skepticism and hesitance of people to invest in a home dialysis setting is also expected to create new opportunities for in-center dialysis providers going forward.
Meanwhile, the demand for home dialysis is expected to rise at a notable pace across the study period and beyond. Changing patient preferences and increasing popularity of home healthcare are major contributors to the rising demand for home dialysis. Increasing affordability of dialysis equipment and use of simple user interfaces for the same are also helping home dialysis gain popularity among patients around the world. However, stringent regulations for home dialysis set ups and high costs of dialysis machines are still slowing the adoption of home dialysis. Developed countries are slated to lead the demand for home dialysis in the long run.
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North America is projected to account for a dominant share of the global dialysis market. The rising number of people requiring dialysis, the presence of an increasing geriatric population, and high prevalence of chronic kidney disorders are prime factors allowing North America to spearhead the global dialysis industry landscape. Canada and the United States are estimated to be the leading markets for dialysis providers operating in North America. Growing preference and popularity of home healthcare is also expected to present new opportunities for dialysis companies in this region through 2031. Availability of favorable reimbursement policies can also promote the demand for dialysis in North America.
Asia-Pacific is forecasted to emerge as a rapidly expanding market for dialysis companies in the future. The growing geriatric population in this region and high investments in healthcare infrastructure development are slated to augment the demand for dialysis going forward. China, India, and Japan are anticipated to emerge as the most rewarding markets for dialysis companies in the Asia Pacific. Scarcity of kidney donors, rising number of people suffering from kidney failures, and increasing accessibility to advanced dialysis services and procedures are forecasted to offer new opportunities for dialysis providers in the long run.
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Dialysis Market Driver
High Incidence of Chronic Kidney Disease
Expanding Senescent Population Base
Dialysis Market Restraints
High Costs of Dialysis
Risk of Complications and Infections
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Making dialysis affordable and accessible to patients of all financial classes should be the prime focus of all market players in the future. Investing in the research and development of advanced dialysis technologies and launching new products are also expected to be preferred strategies. Collaborations and partnerships can help dialysis companies fast-track their product innovation and approval process in the long run.
Top Players in Global Dialysis Market are
Dialysis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing incidence of chronic kidney disease and rising cases of kidney failure around the world are projected to drive the demand for dialysis over the coming years. However, the high costs of dialysis and the risk of infections are expected to hurt the adoption of dialysis in the long run. The presence of a developed healthcare infrastructure and a high geriatric population allows North America to lead the global dialysis market forecast. Developing affordable and easy to use home dialysis machines is projected to be a key opportunity for all dialysis providers across the study period and beyond.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 110.80 billion |
Market size value in 2031 | USD 162.45 billion |
Growth Rate | 4.32% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dialysis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dialysis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dialysis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dialysis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG35A2061
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