Hemodialysis and Peritoneal Dialysis Market Size, Share, Growth Analysis, By Type (Hemodialysis, Peritoneal Dialysis), By Product (Device, Consumables), By End Use (Home-based, Hospital-based), By Region - Industry Forecast 2024-2031

Based on region, North America is dominating the hemodialysis and peritoneal dialysis market. This is because key market players and government bodies are investing in the development of innovative healthcare equipment. Governments are also offering favorable reimbursement, which is immensely contributing to the expansion of the market. The demand for dialysis is increasing constantly due to the prevalence of kidney failures and chronic kidney diseases. Some of the other factors that are boosting the market expansion are increasing medical expenses, government initiatives, and rising disposable income. The rising incidences of obesity and diabetes is leading to increasing kidney disorders, boosting the growth of the market.

Asia Pacific is witnessing the fastest growth in the hemodialysis and peritoneal dialysis market. The increasing rates of renal failure and aging population is fueling the growth of the market. The advancement of innovative technologies is also positively influencing the growth of the market. Furthermore, as per the IDF, there are almost 88 million adults in Southeast Asia who are suffering from diabetes and by 2045 its number is expected to increase. Moreover, there are also many other factors that are boosting the expansion of the market like increasing government initiatives, and CKD awareness programs. Technologically advanced products and the accessibility of modern medical facilities are also increasing market growth.