Report ID: SQMIG35A2714
Report ID:
SQMIG35A2714 |
Region:
Global |
Published Date: February, 2024
Pages:
267
|
Tables:
61 |
Figures:
68
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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Report ID: SQMIG35A2714