Global Dialysis Market Size To Grow At A CAGR Of 3.9% In The Forecast Period Of 2023-2028
The ‘Global Dialysis Market Price, Share, Size, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dialysis market, assessing the market on the basis of its segments like product and services, dialysis type, end user, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Dialysis Market Size, Share, Trends, Industry, Key Player, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3.9%
The growing number of cases of kidney failures, induced by the increasing prevalence of diabetes mellitus and high blood pressure, is bolstering the demand for dialysis infrastructure across hospitals and dialysis centres. Sedentary lifestyles led by the working population is further increasing the cases of hypertension, leading to heightened cases of kidney disorders. In addition, the growing geriatric population and associated kidney issues, favourable reimbursement policies of various governments, rising disposable income, and improving healthcare awareness, are some of the crucial driving factors of the global dialysis market.
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The increasing standards of dialysis treatment services in dialysis centres is bolstering the trust of patients, leading to better product recall. Dialysis centres contribute significantly to the welfare of patients suffering from acute kidney failure. Meanwhile, the increasing urban population is further improving the demand for home healthcare end users, leading to an increased demand for dialysis equipment and consumables.
The growing availability of dialysis drugs across pharmacies is another key driving factor of the dialysis market. Pharmacies provide pre-dialysis kidney care to patients having symptoms of poor kidney health. Over the forecast period, the rapid urban development and improvements in healthcare infrastructure across the emerging economies are expected to enhance the accessibility of drugs for dialysis.
Dialysis Industry Definition and Major Segments
Dialysis is defined as a treatment which mimics the function of healthy kidneys. In this regard, dialysis removes waste, certain chemicals, extra fluid, and excess salts from the blood. This process also helps control the blood pressure of the body. Usually, dialysis is performed under strict supervision of the healthcare staff.
Based on product and services, the market can be segmented into:
- Equipment Dialysis Machines
- Water Treatment Systems
- Dialysis Drugs
On the basis of dialysis type, the market is bifurcated into:
- Peritoneal Dialysis
By end user, the market has been segmented into:
- Dialysis Centres and Hospitals
- Home Care
On the basis of region, the market can be categorised into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Dialysis Market Trends
The key trends in the global dialysis market include the robust innovations and increasing investments to enhance the research and development infrastructure which are leading to progressive product developments such as portable dialysis systems. Requiring less technical expertise, portable dialysis systems are available across rural and semi-urban areas which is a major boon for the market.
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The increasing demand for hemodalysis is further propelling the market growth owing to the increasing hospitalisation rates due to the accumulation of unwanted fluid and materials in the body of athletes, students, and working population. The growing expansion of online pharmacies, supported by the popularity of mobile shopping applications, is further bolstering the dialysis market growth. The increasing discounts as well as hygienic packaging offered by the online pharmaceutical websites are expected to enhance the market dynamics in the forecast period.
In geographical terms, North America accounts for a decent share in the dialysis market, because of the increasing geriatric population and growing prevalence of obesity among the youth which are giving rise to the cases of chronic kidney disorders. With longer waiting periods for kidney transplants, patients suffering from kidney failure often undergo extensive dialysis treatments, creating a steady demand for the market.
Key Market Players
The major players in the dialysis market report are:
- Fresenius Medical Care AG & Co, KGaA
- B. Braun Melsungen AG
- DaVita Inc.
- Dialysis Clinic, Inc
- U.S. Renal Care, Inc.
- Satellite Healthcare
- Medtronic Plc
- NIPRO Corporation
- 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.
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