As per the report by Fortune Business Insights, The Dialysis Market size is projected to reach USD 150.84 Billion by 2030, at a CAGR of 6.8% during the forecast period.
Pune, India, Nov. 20, 2023 (GLOBE NEWSWIRE) — The global dialysis market size was valued at USD 94.43 billion in 2022 and is expected to be worth USD 95.22 billion in 2023 and it is projected to reach USD 150.84 billion by 2030, recording a CAGR of 6.8% during the forecast period.
Dialysis products and services have gained major traction in recent years due to the growing prevalence of Chronic Kidney Diseases (CKD). The number of patients visiting renal care clinics is increasing every year, and many of them are opting for this treatment, which has boosted the demand for products, such as hemodialysis machines. These factors are anticipated to fuel the dialysis market growth.
Fortune Business Insights™ displays this information in a report titled, “Dialysis Market, 2023-2030.”
Notable Industry Development:
April 2023: Diaverum announced its collaboration with NIPRO to increase the availability of its products across the world. Both the firms aim to offer holistic and efficient treatment solutions for peritoneal dialysis, hemodialysis, and home care.
- Baxter introduced Sharesource Analytics 1.0, an advanced digital health module designed to improve the clinical care of patients receiving hemodialysis (PD) at home.
- According to the National Institutes of Health (NIH) in the United States, as of September 2021, 1 in 7 adults, or approximately 786,000 people, were predicted to have end-stage renal disease.
- Global Medical Supply Chain LLC and Rockwell Medical, Inc. worked together to distribute Rockwell’s hemodialysis concentrate products in the United Arab Emirates.
- The FDA in the United States granted clearance (510(k)) to Fresenius Medical Care North America for its VersiPD Cycler System, a mobile automated peritoneal dialysis device.
Discover the Leading Players Featured in the Report:
Baxter (U.S.), B Braun SE (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), Medtronic (Ireland), DaVita Inc. (U.S.), NIPRO (Japan), Asahi Kasei Medical Co., Ltd. (Asahi Kasei Corporation) (Japan), Diaverum (Sweden), Kimal (U.K.), BD (U.S.)
|Forecast Period||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR||6.8%|
|2030 Value Projection||USD 150.84 Billion|
|Market Size in 2023||USD 95.22 Billion|
|Historical Data for||2019 to 2021|
|No. of Pages||142|
Browse Complete Report Details: https://www.fortunebusinessinsights.com/dialysis-market-102367
Drivers and Restraints:
Increasing Incidence of Chronic Kidney Ailments to Fuel Market Progress
Chronic ailments, such as CKD and ESRD are a major financial burden for many countries as their treatment incurs heavy healthcare costs. The prevalence of renal failure and CKD is increasing at an alarming across the world, which is expected to fuel the product adoption.
However, complications and risks associated with this type of treatment can restrict the market’s growth.
Rising Incidence of Chronic Kidney Diseases Fueled the Demand for Dialysis Services
Based on type, the market is segmented into products and services. The services segment captured the maximum dialysis market share in 2022 as the burden of chronic kidney diseases is rising across the world and need for proper renal care facilities.
Awareness About Benefits of Hemodialysis Boosted Its Adoption
Based on dialysis type, the market is bifurcated into hemodialysis and peritoneal dialysis. Hemodialysis segment generated the highest market revenue in 2022 as this form of treatment has several advantages, such as adoption of arteriovenous (AV) fistula and lesser needed for the procedure.
Increasing Demand for Renal Treatments to Bolster Product Use in Dialysis Centers and Hospitals
Based on end-user, the market is segmented into dialysis centers & hospitals and home care. The dialysis center & hospital segment held the largest market share in 2022 due to the rising number of patients suffering from ESRD and CKD and favorable reimbursement policies offered by renal care centers.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
By Dialysis Type
- Peritoneal Dialysis
- Dialysis Centers & Hospitals
- Home Care
- North America (By Type, By Dialysis Type, By End-User, By Country)
- Europe (By Type, By Dialysis Type, By End-User, By Country/Sub-Region)
- Asia Pacific (By Type, By Dialysis Type, By End-User, By Country/Sub-Region)
- Latin America (By Type, By Dialysis Type, By End-User, By Country/Sub-Region)
- Middle East & Africa (By Type, By Dialysis Type, By End-User, By Country/Sub-Region)
The report provides quantitative as well as qualitative insights on the products and services offered by key market players. It also gives valuable information regarding the market’s growth rate and size. Some of the leading insights offered by the report include top industry developments, prevalence of ESRD & CKD in key nations, and the regulatory scenario.
Quick Buy – Dialysis Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102367
North America to Dominate Market Due to Growing Cases of ESRD and CKD
North America dominated the global market in 2022 and might retain this position in the future as well due to the growing incidence of ESRD and CKD across the region. North America is also witnessing a notable rise in the demand for renal care products and solutions, thereby fostering the regional market’s development.
Europe might emerge as the second-largest region in this market as an increasing percentage of the elderly population is suffering from renal ailments.
Introduction of New Products to Help Companies Cement Their Market Dominance
The market has a semi-consolidated competitive landscape, which includes key players, such as Baxter, DaVita Inc., and Fresenius Medical Care. These companies are dominating the market as they are launching novel products and solutions, and increasing their focus on obtaining regulatory approvals for the same. They are also trying to expand their global presence by entering partnership and collaboration agreements. These strategies will help them cement their market positions.
How big is the Dialysis Market?
Dialysis Market size was USD 95.22 Billion in 2023.
How fast is the Dialysis Market growing?
The Dialysis Market will exhibit a CAGR of 6.8% during the forecast period, 2023-2030
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