December 20, 2019
According to the research report titled ‘Dialysis Market Size By Type (Hemodialysis, Peritoneal Dialysis), By Product & Service (Equipment {Dialysis Machines, Water Treatment Systems}, Consumables {Dialyzers, Catheters, Access Products, Concentrates}, Services), By End-use (In-center Dialysis, Home Dialysis), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report, the global dialysis market is projected to cross USD 108 billion by the year 2025.
Changing lifestyles and rising consumption of liquors have hampered the health of individuals across the world. Over the past few years, dialysis has emerged as an effective treatment for chronic kidney disorders. Surging prevalence of kidney-related diseases and scarcity of organ donors across the globe are key factors fueling dialysis market growth in the forthcoming time.
Moreover, the governments across the developing nations are also emphasizing towards development and up-gradation of healthcare facilities. Favorable government initiatives pertaining to affordable dialysis treatment for underprivileged people would support its adoption in developing nations like India.
The type segment is bifurcated into peritoneal and hemodialysis dialysis. As hemodialysis helps patients to live a better-quality life with a standard hemodialysis schedule, the treatment is widely accepted by patients. According to reports, the hemodialysis segment is expected to witness a growth rate of over 3.5% during the forecast timeframe.
The product & service segment is classified into consumables, equipment, and services. Dialysis services are offered by dialysis centers and hospitals to patients who are suffering from end-stage renal disease or other kidney disorders. Studies suggest that the services segment held more than 70% revenue share in 2018 and is expected to grow at considerably in the forthcoming years.
The end-user segment is classified into in-center dialysis and home dialysis. Home dialysis has numerous benefits like easy patient mobility, flexible scheduling, and portability. The segment is expected to grow with a CAGR of 4% through the year 2025.
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Regionally, China dialysis market was worth USD 5 billion in 2018. Growing prevalence of end-stage renal diseases, diabetes, hypertension, and other kidney-related diseases has supported the growth of dialysis centers across China. On the other hand, favorable reimbursement scenario for dialysis treatment in North America would also fuel dialysis market growth across the region, claims the report.
The key industry players operating in dialysis market include Kawasumi Laboratories, Toray, JMS, Asahi Kasei, Baxter International, Fresenius Medical Care, B. Braun, and Medtronic. Industry participants are actively involved in research & development activities to rollout cutting edge, reliable equipment.