The dialysis market is estimated to reach approximately US $ 147.1 billion by 2031, from a market value of approximately US $ 99.5 billion in 2022, and is expected to grow at a CAGR of 5.0% during the 2022-2031 forecast period. ..
Adoption of hemodialysis or peritoneal dialysis is mandatory for people suffering from chronic kidney disease. This device is popular in all medical facilities and the increasing use of dialysis machines has led to the purchase of important clinical objectives for the treatment of ESRD. Hospitals and other medical facilities have separate dialysis units. Similarly, other care centers are promoting with cost-effective dialysis equipment and consumables.
Innovative and advanced technology medical devices applied to dialysis machines are driving the growth of the dialysis market. The introduction of new generation sensors, components, and single-chip solution components has had a significant impact on the design and construction of dialysis machines. This machine is highly regulated and certified based on safety parameters, so most manufacturers focus on patient and operator parameters. It is further regulated by regulatory bodies such as the FDA, CE and CDSCO, placing significant challenges on medical device manufacturers. In addition, increasing disease patterns and new waves of dialysis innovation are also key drivers of dialysis market growth during the forecast period.
Dialysis market segment
The dialysis market is divided by procedure type (hemodialysis and peritoneal dialysis), product type (equipment, consumables, and services), end user (hospital, dialysis center, etc.), and region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
Based on the type of procedure, the dialysis market is divided into hemodialysis and peritoneal dialysis. The hemodialysis segment is valued at over US $ 70.1 billion in 2018 and is estimated to grow in a similar trend during the forecast period. Increasing demand for hemodialysis and peritoneal dialysis in the treatment of chronic kidney disease is expected to drive growth in the dialysis market. The peritoneal dialysis segment, on the other hand, is expected to grow at a CAGR of 6% or higher during the forecast period. Growth in this segment is accelerating due to recent technological advances and a growing preference for peritoneal dialysis.
Regional overview of the dialysis market
The North American region dominates the dialysis market during the 2022-2031 forecast period. This is due to technological advances, the presence of major vendors, increased regulatory reforms, and reimbursement policy changes. The Asia Pacific region, on the other hand, is the fastest growing region of the dialysis market. This is due to the enormous opportunities for vendors to establish their presence. Factors such as the presence of a large pool of chronic patients, an increasing aging population, government support, and health and wellness programs are key factors driving the growth of the dialysis market in the region.
These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, Other Asia Pacific); Latin America (Brazil, Mexico, Argentina, etc.) Latin America); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy), Spain , Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.
A major key player in the dialysis market
Key players in the dialysis market include Fresenius Medical Care AG & Co. KGaA, Baxter International, Inc., DaVita Inc., Nipro Corporation, B. Braun Avitum AG, Diaverum Deutschland GmbH, Nikkiso Co. Ltd., NxStage Medical. , Inc. and so on. The study includes a detailed competitive analysis of these major companies in the dialysis market, corporate profiles, recent developments, and key market strategies.
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