Product ID: SQSG35A2061
Global Dialysis Market Size, Share, Growth Analysis, By Type(Products, Services), By Dialysis Type(Hemodialysis, Peritoneal Dialysis), By End-User(Dialysis Centers & Hospitals, Home Care) - Industry Forecast 2024-2031
Report ID:
SQSG35A2061 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
87 |
Figures:
76
Global Dialysis Market Insights
Dialysis Market size was valued at USD 108.7 billion in 2019 and is poised to grow from USD 122.47 billion in 2023 to USD 196.1 billion by 2031, growing at a CAGR of 6.78% in 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.
Global Dialysis Market Report Snapshots
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