USD 17.5 billion
Report ID:
SQMIG35A2714 |
Region:
Global |
Published Date: February, 2024
Pages:
267
|Tables:
61
|Figures:
68
Home Dialysis Systems Market was valued at USD 25.90 billion in 2022, and is poised to grow from USD 28.57 billion in 2023, to USD 62.59 Billion by 2031 at a CAGR of 10.30% during the forecast period (2024-2031).
Technological developments, transplant risks, increased incidence of chronic renal illnesses, initiatives by key companies to introduce new products and services, and a shortage of organ donors are a few factors boosting demand for home dialysis systems, hence fueling market expansion. For example, transferring Outset Medical, Inc., a medical technology company trying to reduce the complexity and cost of dialysis, joined Health Home, an alliance of innovative healthcare firms intending to drastically rethink the way policymakers think about home healthcare, in May 2021. They hope to urge politicians to reconsider the home as a center of care for clinical treatment, such as chronic disease management, through collaborations in the healthcare sector. As a result of these activities, the market is expected to grow in the near future.
During the COVID-19 pandemic, patients with kidney failure who usually have immunological dysfunction have profited immensely from the remote patient management platform, allowing them to complete their dialysis at home, where they may be safer by socially isolating themselves. Baxter International Inc., for example, unveiled the premium Analytics share source 1.0 module, the next generation of digital health for home-based peritoneal dialysis patients, in June 2021. Share source Analytics 1.0 is a clinical management resource available as part of the Share source remote patient management platform that offers healthcare providers a full dashboard containing trend data from their patients' home dialysis treatments. Baxter plans to collect a monthly fee and spread out the product globally over the next year, beginning in the United States.
The rising frequency of chronic renal disease is predicted to drive up demand for home dialysis equipment. ESKD, also known as end-stage renal disease, affects approximately 786,000 people in the United States, according to the Centers for Disease Control and Prevention (CDC) 2020 estimate, with 29% requiring a kidney transplant and 71% requiring dialysis. According to the same source, 12.5% of all dialysis patients did their dialysis at home by the end of 2018. The number of patients receiving home dialysis more than doubled between 2008 and 2018. As a result, market growth is expected to accelerate in the near future. In 2021, the United States dominated the market. The demand for home care dialysis services is predicted to rise throughout the forecast period as a result of various initiatives conducted by organizations and governments. As part of a kidney care campaign, America's Health Insurance Plans (AHIP) will support access to home dialysis in 2019. Additionally, Baxter International Inc. fully supported the administration's Advancing American Kidney Health Initiative in July 2019. The Administration hopes that by 2031, the number of new end-stage renal disease (ESRD) patients obtaining organ transplants and home dialysis would have climbed to 80%.
US Home Dialysis Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 17.5 billion
Largest Segment
hemodialysis
Fastest Growth
hemodialysis
Growth Rate
10.3% CAGR
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Global home dialysis systems market is segmented on the basis of type, product and region. By type, the market is segmented into peritoneal dialysis and hemodialysis. By product, market is segmented into service, device, and consumables. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Home Dialysis Systems Market Analysis by Type
Hemodialysis (HD) dominated the market, accounting for more than 86.41% of global revenue in 2021. Hemodialysis is the most prevalent kind of treatment for chronic renal disease. A variety of companies offer hemodialysis products for home usage. Machines, dialyzers, bloodlines systems, hemodialysis solutions and concentrates, water treatment systems, and data processing and analysis systems are among them. The category is predicted to rise due to a number of causes, including an increase in the prevalence of acute renal injury and technical advancements. The next-generation Artificial Kidney 98 (AK 98) dialysis equipment, for example, was approved by the US FDA in March 2021 as an easy-to-use and portable device to provide hemodialysis treatments. As a result, it is projected that this will accelerate the segment growth during forecast period.
After hemodialysis, peritoneal dialysis (PD) is the second most important part. The peritoneum is used as a natural filter in the PD. Several firms provide equipment and supplies for home continuous peritoneal dialysis and automated peritoneal dialysis. According to AWAK Technologies, recent research has shown that when used during the first 1-2 years of dialysis, PD has a better survival advantage than HD. Furthermore, PD has several advantages over HD: patient satisfaction is higher with PD systems, and PD expenses are lower than HD prices. As a result of such research, the segment is expected to grow in the near future. As a result of such research, the segment is expected to grow during the forecast period. However, the uptake of PD patients remains substantially lower than that of HD- 11% globally and 21% of ESRD patients in Singapore.
Home Dialysis Systems Market Analysis by Product
In 2021, the service segment held a market share of more than 55.44%. This is because the number of dialysis service providers has increased, as has the prevalence of ESRD. In addition, some large dialysis service providers are attempting to broaden their service offerings by opening or purchasing new dialysis centers throughout the world, which is expected to promote segment growth. As a result of technology advancements and activities undertaken by numerous manufacturers, the sector is expected to grow even quicker. For example, DaVita's home dialysis division will now feature DaVita Care Connect, a secure telemedicine system, in February 2021. It was one of the company's various connected technologies aimed at improving treatment and outcomes for patients who prefer to be treated at home.
The segment for consumables is expected to grow at the highest CAGR over the forecast period. Governments are projected to make large investments during the forecast period to increase patient safety, patient-centered treatment, and efficacy. Companies are developing catheters made of sophisticated materials that are resistant to substances such as peroxides, iodine, and alcohol. This can help catheters last longer and lessen the likelihood of their failure. Furthermore, the demand for antimicrobial-coated catheters is increasing, lowering the risk of bloodstream infections. New dialyzer manufacturing technologies, such as improved surface contact and cutoff membrane dialyzers for greater diffusion are also contributing to the growth of the consumable category. In the consumables sector, bloodlines, concentrates, catheters, and other consumables have been further classified.
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North America dominated the home dialysis systems market in 2021, with a revenue share of more than 38.40%. Significant government investments in the creation of novel medical devices, the existence of important participants, and the presence of a good reimbursement system are all contributing to the region's market growth. Home dialysis is becoming more popular as the prevalence of chronic kidney disease (CKD) rises. Other factors influencing market growth include rising healthcare spending, increasing disposable income, and government efforts. For example, Innovate Kidney Care, a new initiative supported by nine leading healthcare organizations, will launch in June 2021 to increase patient options for receiving home dialysis support and training. Among the initial members are CVS Kidney Care, Anthem, Inc., the American Society of Nephrology (ASN), Cricket Health, Intermountain Healthcare, Outset Medical, Inc., the National Kidney Foundation (NKF), and Strive Health. Innovate Kidney Care's purpose is to achieve four goals: better patient outcomes, better healthcare practitioner experience, better patient experience, and lower healthcare expenditures.
The Asia Pacific region is expected to have the highest CAGR during the forecast period. The growing elderly population, rising occurrences of kidney failure, and increased development of improved products are likely to drive market expansion over the forecast period. Also, according to the IDF, around 88 million adults in South East Asia have diabetes, with the figure anticipated to rise to 153 million by 2045. Furthermore, government initiatives, rising healthcare spending, rising CKD awareness programs, technologically advanced goods, and the existence of newly developed state-of-the-art healthcare facilities in the region are a few additional factors driving market expansion.
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Home Dialysis Systems Market Drivers
Rapid Technological Advancement
End-Stage Renal Disease is becoming more common (ESRD)
Home Dialysis Systems Market Restraints
Difficulties and Potential Dangers
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The global home dialysis systems market is fragmented and highly competitive. Key industry players are focused on product developments, new product launches, and geographical expansions to gain a significant amount of market share.
Home Dialysis Systems Market Top Player’s Company Profiles
Home Dialysis Systems 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 global home dialysis systems market analysis, the increased prevalence of chronic kidney disease is expected to increase demand for home dialysis equipment. According to the Centres for Disease Control and Prevention (CDC) 2020 forecast, ESKD, also known as end-stage renal disease, affects roughly 786,000 people in the United States, with 29% requiring a kidney transplant and 71% requiring dialysis. By the end of 2018, 12.5% of all dialysis patients were doing their dialysis at home, according to the same source. Between 2008 and 2018, the number of patients getting home dialysis more than doubled. In 2021, hemodialysis (HD) will account for more than 86.41% of global revenue. The most common type of treatment for chronic renal illness is hemodialysis. In Parkinson's disease, the peritoneum serves as a natural filter. Several companies offer home continuous peritoneal dialysis and automated peritoneal dialysis equipment and supplies. The service sector will have a market share of more than 55.44% in 2021. This is due to a rise in the number of dialysis service providers, as well as the prevalence of ESRD. Consumables are predicted to expand at the fastest CAGR during the projection period. During the projection period, governments are expected to make significant investments to improve patient safety, patient-centred therapy, and efficacy. With a revenue share of more than 38.40% in 2021, North America dominated the home dialysis systems market. The Asia Pacific region is expected to have the highest CAGR during the forecast period. Peritoneal dialysis, whose products are portable and convenient, especially at patients' homes, is a prominent trend in the global market for home dialysis systems.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 25.90 billion |
Market size value in 2031 | USD 62.59 Billion |
Growth Rate | 10.30% |
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 Home Dialysis Systems 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 Home Dialysis Systems 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.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Home Dialysis Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35A2714
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