Grow at a CAGR of 3.9% in the Forecast Period of 2023-2028
The ‘Global Dialysis Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dialysis market, assessing the market based on its segments like products and services, dialysis types, end users, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Dialysis Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.9%
Dialysis refers to a remedy for kidney failure which clears unnecessary contaminants, waste components, and extra fluids from the body by purifying the blood. It replaces the functionality of the kidney and, with proper care and medication helps the patient to live longer.
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The rising cases of high blood pressure and diabetes are anticipated to propel the development of the global dialysis market. Dialysis aids in filtering out the additional fluid from the body and supports regulating blood pressure and blood sugar levels in the body to aid kidneys to function longer.
The growth of the global dialysis market can be attributed to surging investments in the development of new and innovative products and the increase in the number of end-stage renal disease (ESRD) patients. Additionally, dialysis is a favoured procedure as compared to the transplantation of kidneys, which is encouraging the market demand.
Some of the key market trends include the increase in the geriatric population, rise in the medical expenses, and the increase in disposable incomes.
Dialysis Industry Definition and Major Segments
Dialysis can be defined as a method of treatment for patients who are suffering from kidney dysfunctionality. When the kidneys are failing, they do not filter blood the way they should. Due to this, wastes and contaminants develop and accumulate in the bloodstream. Dialysis takes over the work of kidneys in the body by eliminating waste components and extra fluid from the blood. People suffering from failing kidneys or end-stage renal disease (ESRD) are often recommended dialysis procedures. In addition, injuries and conditions such as high blood pressure, high sugar levels, and lupus may damage kidneys resulting in kidney disease.
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The dialysis market based on products and services can be segmented into:
3. Dialysis Drugs
On the basis of dialysis types, the market is classified into:
• Peritoneal Dialysis
Based on end users, the market has been classified into:
1. Dialysis Centers and Hospitals
2. Home Care
The major regional markets of dialysis include:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Dialysis Market Trends
The dialysis market is being driven by the growth of the haemodialysis segment, as the treatment method involves a low risk of infection and reduced surgical intervention. There are two kinds of haemodialysis, specifically, short daily and nocturnal haemodialysis. A lot of patients prefer haemodialysis, but because of the effective removal of poisonous elements and the increase in the demand for homecare amongst dialysis patients, peritoneal segment of dialysis is also likely to grow rapidly in the upcoming years.
The rise in the number of treatment and care centers and development of the home-based services are positively influencing the global dialysis market. Moreover, the increasing awareness and rise in the demand for domestic healthcare among dialysis patients are anticipated to boost the development of home-based dialysis in the forecast period.
Region-wise, the Asia Pacific region holds a significant share in the market for dialysis. This can be associated with the high occurrence rate of diabetes and blood pressure, the increasing accessibility to robust healthcare, and the utilisation of technologically developed and innovative dialysis treatment. Besides, the existence of a sizable number of dialysis centers in the Asia Pacific region and an increase in the number of patients with chronic renal and kidney disorders are anticipated to enhance the market development in the forecast period.
Key Market Players
The major players in the global dialysis market are:
1. Fresenius Medical Care AG & Co, KGaA
2. B. Braun Melsungen AG
3. DaVita Inc.
4. Dialysis Clinic, Inc
5. U.S. Renal Care, Inc.
6. Baxter Healthcare Corporation
7. Satellite Healthcare
8. Medtronic Plc
9. NIPRO Corporation
10. Asahi Kasei Medical Co., Ltd.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.