Global Home Dialysis Systems Market

Global Home Dialysis Systems Market Size, Share, Growth Analysis, By Type(Peritoneal dialysis and hemodialysis), By Product(Service, device) - Industry Forecast 2024-2031

Report ID: SQMIG35A2714 | Region: Global | Published Date: February, 2024
Pages: 267 | Tables: 61 | Figures: 68

Global Home Dialysis Systems Market Dynamics

Home Dialysis Systems Market Drivers

Rapid Technological Advancement

  • The market is expanding due to technical advancements, transplant risks, growth in the frequency of chronic renal disorders, efforts by large players to develop improved products and services, and a lack of organ donors. Outset Medical, Inc., a medical technology business whose aim is to minimize the complexity and cost of dialysis, has joined Health Home, an alliance of innovative healthcare companies whose mission is to radically change policymakers' perceptions of home diagnostics. They hope to persuade authorities to reconsider the home as a clinical treatment facility for chronic disease management through collaboration in the healthcare sector. These initiatives are projected to drive market growth during the forecast period.

End-Stage Renal Disease is becoming more common (ESRD)

  • Demand for dialysis therapy is predicted to rise as the global prevalence of ESRD rises. Every year, around 2 million people worldwide are affected by ESRD. The spread of renal diseases around the world is expected to increase the requirement for dialysis to maintain normal kidney function. Because of the significant development in the global population of elderly people, the prevalence of kidney-related diseases is expected to increase.

Home Dialysis Systems Market Restraints

Difficulties and Potential Dangers

  • The leading causes of death among dialysis patients include cardiac disorders and vascular-related problems such as bleeding and infection, low blood pressure, nausea, hernia, hepatitis, and anemia. Another consequence is vascular illness (arrhythmic mechanisms or sudden cardiac arrest). Peritonitis is a common complication associated with peritoneal dialysis. It can be caused by peritoneal dialysate or tube contamination with germs that are damaging to the skin, or it can be caused by infections connected with catheters. Peritonitis kills approximately 19% of Parkinson's disease patients in North America each year. As a result, the number of persons getting dialysis is limited.
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FAQs

Home Dialysis Systems Market size was valued at around USD 17.5 billion in 2019 and is expected to reach a value of USD 42.29 billion by 2031, at a CAGR of 10.3% over the forecast period (2024-2031).

The global home dialysis systems market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share. 'Fresenius Medical Care AG & Co. KGaA Baxter International, Inc. (the US)', 'Nikkiso Co., Ltd. (Japan)', 'B. Braun Melsungen AG (Germany)', 'Asahi Kasei Corporation (Japan)', 'DaVita Inc. (US)', 'Nipro Corporation (Japan)', 'Cantel Medical Corporation (US)', 'Diaverum (Germany)', 'Medtronic plc. (Ireland)', 'Rockwell Medical, Inc. (the US)', 'Becton, Dickinson, and Company (US)', 'Dialife SA (Switzerland)', 'Isopure Corp. (US)'

The market is expanding due to technical advancements, transplant risks, growth in the frequency of chronic renal disorders, efforts by large players to develop improved products and services, and a lack of organ donors. Outset Medical, Inc., a medical technology business whose aim is to minimize the complexity and cost of dialysis, has joined Health Home, an alliance of innovative healthcare companies whose mission is to radically change policymakers' perceptions of home diagnostics. They hope to persuade authorities to reconsider the home as a clinical treatment facility for chronic disease management through collaboration in the healthcare sector. These initiatives are projected to drive market growth during the forecast period.

The use of peritoneal dialysis, whose products are portable and offer convenience, particularly at patients' homes, is a key trend in the global market for home dialysis systems. It is popular among the elderly because it does not require the patient to be awake. As a result, several market players are developing peritoneal dialysis products, and some are also conducting research and development (R&D) to advance the technology.

North America dominated the home dialysis systems market in 2021, with a revenue share of more than 38.40%. Significant government investments in the creation of novel medical devices, the existence of important participants, and the presence of a good reimbursement system are all contributing to the region's market growth. Home dialysis is becoming more popular as the prevalence of chronic kidney disease (CKD) rises. Other factors influencing market growth include rising healthcare spending, increasing disposable income, and government efforts. For example, Innovate Kidney Care, a new initiative supported by nine leading healthcare organizations, will launch in June 2021 to increase patient options for receiving home dialysis support and training. Among the initial members are CVS Kidney Care, Anthem, Inc., the American Society of Nephrology (ASN), Cricket Health, Intermountain Healthcare, Outset Medical, Inc., the National Kidney Foundation (NKF), and Strive Health. Innovate Kidney Care's purpose is to achieve four goals: better patient outcomes, better healthcare practitioner experience, better patient experience, and lower healthcare expenditures.

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