Global Dialysis Market

Dialysis Market Size, Share, Growth Analysis, By Type (Hemodialysis, Peritoneal Dialysis), By Products and Services (Equipment, Consumables), By End User (In-center Dialysis, Home Dialysis), By Region - Industry Forecast 2024-2031


Report ID: SQSG35A2061 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 87 | Figures: 76

Dialysis Market Insights

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).

Dialysis market growth is being driven by a considerable increase in the prevalence of chronic kidney disorders, which has resulted in an increase in patient visits to renal treatment clinics over the previous decade. Furthermore, enhanced payment policies for renal therapy by both commercial and governmental institutions are propelling the market forward at a rapid pace. For example, the Centers for Medicare & Medicaid Services (CMS) expects to pay approximately US$ 10.3 billion in Medicare reimbursements to approximately 7,000 ESRD providers in 2019 for the costs of providing renal hemodialysis services, according to the End-Stage Renal Disease (ESRD) PPS final rule. This also creates a scope for renal dialysis market growth in upcoming years.

Furthermore, the market is expected to grow as a result of the recent COVID-19 outbreak. The growing number of COVID-19 patients has increased demand for renal equipment, as critically sick patients experience multiple organ failure, including kidney failure. According to the National Institutes of Health (NIH), around 5% of COVID-19 patients are now suffering from acute kidney injury and would require renal replacement treatment. This scenario has resulted in an increase in the adoption of renal therapy equipment in hospital settings, which is expected to drive the market in the future years.

US Dialysis Market is poised to grow at a sustainable CAGR for the next forecast year.

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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).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Asahi Kasei Corporation ', 'B. Braun Melsungen AG ', 'Baxter International Inc. ', 'Becton Dickinson and Company ', 'DaVita Inc. ', 'Fresenius Medical Care AG & Co. KGaA ', 'JMS Co. Ltd. ', 'Medtronic plc ', 'Nikkiso Co. Ltd. ', 'NIPRO Corporation ', 'Satellite Healthcare Inc. ', 'Toray Industries Inc. ', 'Diaverum Deutschland GmbH ', 'NxStage Medical, Inc. ', 'Rockwell Medical Technologies, Inc. ', 'AllMed Medical GmbH ', 'Fresenius Kabi AG ', 'Quanta Dialysis Technologies Ltd. ', 'Outset Medical, Inc. ', 'Medica S.p.A'

In terms of cost and healthcare services, the overall burden of end-stage renal disease (ESRD) and chronic kidney disease (CKD) is one of the highest. One of the primary drivers of market expansion is the increasing prevalence of chronic kidney disease and renal failure. ESRD occurs when one or both kidneys cease to function correctly and the patient requires long-term renal infusion therapy or a kidney transplant. Thus, the rising frequency of ESRD is increasing the global financial burden of kidney disorders and is one of the primary drivers driving the increased revenue generation from services. According to the CDC, around 15% of the US population and 14% of Hispanics have CKD.

Renal dialysis market trend has been identified as the shift of patients from clinics to homecare settings. Patients with end-stage renal disease (ESRD) must receive care at a renal facility or might choose to receive these treatments at home. One of the market's significant trends is the growing desire of patients for receiving care at home, particularly in developed economies. Furthermore, governments in countries such as the United States are working to establish new payment ways for treating renal illness, which may favor lower-cost care at home. This is expected to increase the number of patients seeking treatment in home care settings in the future years.

In 2021, North America is expected to have the biggest share of the market during the forecast period. The high prevalence of CKD and ESRD in the United States and Canada, together with greater treatment rates in these countries, are expected to drive market growth over the projected period. The increased incidence of coronavirus infections and resultant renal failures is also expected to increase demand for services and products in the United States.

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Global Dialysis Market

Report ID: SQSG35A2061

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