USD 108.7 billion
Report ID:
SQSG35A2061 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|Tables:
87
|Figures:
76
Global Dialysis Market size was valued at USD 110.80 billion in 2022 and is poised to grow from USD 115.82 billion in 2023 to USD 162.45 billion by 2031, growing at a CAGR of 4.32% during the forecast period (2024-2031).
Dialysis market growth is being driven by a considerable increase in the prevalence of chronic kidney disorders, which has resulted in an increase in patient visits to renal treatment clinics over the previous decade. Furthermore, enhanced payment policies for renal therapy by both commercial and governmental institutions are propelling the market forward at a rapid pace. For example, the Centers for Medicare & Medicaid Services (CMS) expects to pay approximately US$ 10.3 billion in Medicare reimbursements to approximately 7,000 ESRD providers in 2019 for the costs of providing renal hemodialysis services, according to the End-Stage Renal Disease (ESRD) PPS final rule. This also creates a scope for renal dialysis market growth in upcoming years.
Furthermore, the market is expected to grow as a result of the recent COVID-19 outbreak. The growing number of COVID-19 patients has increased demand for renal equipment, as critically sick patients experience multiple organ failure, including kidney failure. According to the National Institutes of Health (NIH), around 5% of COVID-19 patients are now suffering from acute kidney injury and would require renal replacement treatment. This scenario has resulted in an increase in the adoption of renal therapy equipment in hospital settings, which is expected to drive the market in the future years.
US Dialysis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 108.7 billion
Largest Segment
Peritoneal Dialysis
Fastest Growth
Peritoneal Dialysis
Growth Rate
6.78% CAGR
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Global Dialysis Market is segmented by Type, Products and Services, End User, and Region. Based on Type, the market is segmented into Hemodialysis (Conventional Hemodialysis, Short Daily Hemodialysis, Nocturnal Hemodialysis), Peritoneal Dialysis (Continuous Ambulatory Peritoneal Dialysis (CAPD), Automated Peritoneal Dialysis (APD)). Based on Products and Services, the market is segmented into Services, Equipment (Dialysis Machines, Water Treatment Systems, Others), Consumables (Dialyzers, Catheters, Others), Dialysis Drugs. Based on End User, the market is segmented into In-center Dialysis, Home Dialysis. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Dialysis Market Analysis by Type
Based on the type, the market is segmented into products and services. Among these, the services segment of the market is projected to hold the most substantial share in the market. Services accounted for the most share in 2019, owing to the rise of well-equipped renal care facilities for chronic and acute treatment around the world, as well as a growing emphasis on quality-care delivery to patients by service providers. Furthermore, improved business models by service providers that are patient-centric and profit-driven are increasing service demand. The goods category is predicted to grow strongly in the future years as the number of local and regional competitors in this market increases to meet the increased demand for innovative products and consumables.
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In 2021, North America is expected to have the biggest share of the market during the forecast period. The high prevalence of CKD and ESRD in the United States and Canada, together with greater treatment rates in these countries, are expected to drive market growth over the projected period. The increased incidence of coronavirus infections and resultant renal failures is also expected to increase demand for services and products in the United States.
Further, Asia-Pacific is predicted to experience relatively large increase in terms of market value. Funding from public players to enhance access to renal care is expected to boost market growth during the forecast period. The National Health and Family Planning Commission of China established regulations for the fundamental standard and management of hemodialysis facilities in December 2016, with the goal of standardizing the growth of independent such centers in the country. Such a well-established regulatory scenario for renal treatment facilities is expected to drive market growth in Asia-Pacific dialysis market share throughout the forecast period.
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Dialysis Market Driver
Dialysis Market Restraint
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The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Top Players in Global Dialysis Market are
Dialysis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global dialysis market analysis is done based on type, dialysis type, end-user, and region. Based on the type, the services segment of the market is projected to hold the most substantial share during the period. Based on the dialysis type, the peritoneal dialysis market segment is projected to hold the most substantial share during the period. Based on the end-user, the dialysis centers & hospitals segment of the market is projected to hold the most substantial share during the period. Whereas, based on the region, the North American region is projected to hold the most substantial share during the period.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 110.80 billion |
Market size value in 2031 | USD 162.45 billion |
Growth Rate | 4.32% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dialysis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dialysis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dialysis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dialysis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQSG35A2061
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