September 18, 2019
Global dialysis market is anticipated to cross US $104 billion by the year 2024, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2024.
Increasing instances of renal diseases among the population around the globe, along with shortage of kidney donors are propelling the demand for dialysis treatment. Introduction of advanced dialysis devices, growing investment in R&D activities, and favorable reimbursement policies will augment the dialysis market in the upcoming years.
Though, increasing geriatric population which vulnerable to chronic kidney diseases will fuel the treatment demand, but its high cost and associated complications will impede the dialysis market growth.
As per the report, peritoneal dialysis segment was worth US $7.8 billion in 2017 and is projected to register significant growth over the analysis timeline, owing to surging cases of kidney diseases and its preference over hemodialysis. The procedure is easy to perform and less invasive.
Considering the product & service spectrum, dialysis market from equipment segment is expected to grow with CAGR of 4.3% over the forecast period. Increasing adoption of dialysis equipment, along with periodic replacement in case of peritoneal dialysis and hemodialysis will further boost the segmental growth.
Based on end-use type, home dialysis segment accounted for 29% of dialysis market share in 2017, pertaining to rising geriatric population around the globe. Home dialysis offers various benefits like personal control, flexible schedule, shorter & lesser hospital stays, and less medications.
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Speaking of geographical contributions, the United States dialysis market is presumed to register 3.9% growth over the forecast time frame. Technological advancements, availability of developed medical infrastructure, and higher cases of renal diseases will foster the regional market growth.
The key players operating in the dialysis market include JMS, B. Braun Melsungen, Kawasumi Laboratories, Nipro, U.S. Renal Care, Asahi Kasei Corporation, Medtronic, Baxter International, and Rogosin Institute among others.