Date: May 2022
Date: May 2022
The Market Statsville Group (MSG) publishes the new report on the "Dialysis Market by Type (Hemodialysis and Peritoneal Dialysis), by Product and Services (Equipment, Consumables, Dialysis Drugs, and Services), by End-Users (In-center Dialysis, and Home Dialysis), by Region – Global Share and Forecast to 2030".
The global dialysis market size was estimated to reach USD 142,649.2 million by 2030 from USD 94,351.60 million in 2021. The market is projected to grow at a CAGR of 4.7% during the study period (2022-2030). Dialysis is the process of purifying blood by eliminating toxins and other waste products built up in the blood due to improper kidney function. Dialysis has grown in popularity as a more effective treatment for chronic kidney disease and kidney failure than kidney transplantation. Furthermore, because some patients, such as those with heart or liver illness, are not candidates for kidney transplantation, the rising frequency of kidney failure is likely to drive the dialysis industry forward. Dialysis demand is predicted to rise due to a shortage of matching donors for kidney transplants.
An increase in the number of cases of end-stage renal illness, a rise in the prevalence of diabetes, a spike in financing for the development of new advanced-technology products, and an increase in the incidence of kidney failure are all driving demand for dialysis. However, market growth is likely to be hampered by a lack of awareness about renal illnesses, product recalls, and reductions in dialysis reimbursements.
The dialysis market has been segmented into the type, product & services, end-users, and region.
By Type Outlook (Sales, USD Million, 2017-2030)
By Product and Services Outlook (Sales, USD Million, 2017-2030)
By End-Users Outlook (Sales, USD Million, 2017-2030)
By Region Outlook (Sales, USD Million, 2017-2030)
Services, by product and services, hold the largest market share
On the basis of product & service, the dialysis market is segmented into equipment, consumables, drugs, and services. In 2021, Services had the largest market revenue share of 65% in the global dialysis market. Many companies that manufacture dialysis products also provide services to the patients. These companies have their own dialysis centers where the patients are provided with various dialysis services, such as dialysis[1]related laboratory services and therapies for patients who undergo dialysis.
The presence of trained healthcare providers in the centers helps to promote the market growth of dialysis services. In addition, the high-quality management and patient care provided by the physicians also help to increase the demand for these services. The rise in the number of patients suffering from ESRD is also expected to increase the demand for dialysis services. Many companies are expanding their global presence by acquisitions and establishing new clinic centers, fueling market growth for dialysis services. Recently, Fresenius Medical Care AG & Co. KGaA acquired an 85% stake in Sandor Nephro Services Pvt Ltd. and started providing dialysis services in India.
Asia Pacific accounts for the largest market share in the dialysis market
Based on the regions, the global dialysis market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific had the largest market share of 35.9% in the dialysis market. Increase in cases of ESRD, CKDs, diabetes, and hypertension, coupled with a surge in diagnosis rates is projected to drive the dialysis market growth in Asia-Pacific. Moreover, the increase in the number of HD and PD procedures in emerging economies such as China and India are the major factors that boost the market growth. On the other hand, lesser or incomplete availability of dialysis procedures and lower diagnostic yield, especially in remote areas of emerging nations, is anticipated to hinder the growth.
Overall, the need for dialysis in developing countries of Asia-Pacific is projected to rise sharply in the coming years, reaching higher levels than American and European countries. This is majorly attributed to a larger number of undiagnosed patients with kidney-related disorders and a rise in market penetration by various pharmaceutical companies to reach the untapped regions for geographical expansion.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the Dialysis market. Major players in the market are Fresenius Medical Care AG & Co. KGaA, Nipro Corporation, Baxter International Inc., B Braun Melsungen AG, Nikkiso Co., Ltd., Becton, Dickinson and Company (C. R. Bard, Inc.), Angiodynamics Inc., Asahi Kasei Corp., Davita, and Diaverum Deutschland GmbH.
Browse complete report: https://www.marketstatsville.com/dialysis-market
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