Dialysis Market is predicted to reach USD 1,63,988.18 million by 2030
The Global Dialysis Market held USD 93,428.02 million in 2018 and is predicted to reach USD 1,63,988.18 million by 2030 with a CAGR of 4.8% from 2019-2030
Dialysis is a process performed in order to remove the waste items, for example, urea and creatinine from the blood that led to improper working of the kidney. This procedure is helpful for patients having chronic renal failures and is majorly used in treating end-stage renal illness as well as during kidney transplantation.
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Dialysis purifies the blood, excess fluid & removes toxins, and electrolyte balance is restored in the blood. The increasing utilization of peritoneal dialysis to address the escalating demand for renal replacement therapy. According to the National Kidney Foundation, of the global population around 10% is affected by chronic kidney diseases. This has increased the adoption of dialysis globally, thereby supplementing the dialysis market share in the future.
The increasing prevalence of diabetes that initially affects kidney functioning is likely to positively impact the dialysis market size during the forecast period of 2018 to 2030. Additionally, the R&D investments for innovating dialysis products, shortage of kidneys for transplantation, and technological advancements are key factors to boost the global dialysis market. In addition, rising funding for better dialysis products & services and rising end-stage renal disease (ESRD) patients has supplemented the market growth. However, risks & complications associated with dialysis and product recall may limit the growth of the dialysis market. The untapped markets in the developing countries and increasing demand for home peritoneal dialysis treatment will create new opportunities for market growth in the future.
The dialysis market is segmented on the basis of dialysis type, products & services, end user, and geography. On the basis of dialysis type, the dialysis market is segmented into hemodialysis and peritoneal dialysis. The hemodialysis segment is further divided into conventional hemodialysis, short daily hemodialysis, and nocturnal hemodialysis. On the basis of products & services, the market covers equipment, consumables, drugs, and services. The equipment segment is further divided into dialysis machines, water treatment systems, and others. The consumables segment is further distributed as dialyzers, catheters, and others. On the basis of the end user, the dialysis market is classified into in-center dialysis and home dialysis. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and LAMEA.
North America region holds the highest market share in the dialysis market due to a large number of patient presence in the U.S. and Canada, shortage of kidney donors, high consumer awareness, and technological advancements.
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Asia-Pacific region is expected to grow with highest CAGR during the forecast period would witness increasing market size owing to the increased purchasing power of the patients, increasing prevalence pool of diabetes and hypertension, and improving compensation scenario and infrastructure.
Comprehensive competitive analysis and profiles of the major market players such as Baxter International, Inc., DaVita Inc., Nikkiso Co. Ltd., NxStage Medical, Inc., Asahi Kasei Corporation, Medicators, Inc, Fresenius Medical Care AG & Co. KGaA, Nipro Corporation, B. Braun Avitum AG, Diaverum Deutschland GmbH, and others are provided in the dialysis market report.
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