Dialysis Market worth over $114bn by 2027

Dialysis Market size is set to surpass USD 114 bn by 2027, according to a new research report by Global Market Insights, Inc.
 

Increasing number of end stage renal disease (ESRD) patients and rising prevalence of diabetes and hypertension are the key factors driving the market growth. Rapidly mounting elderly population base, low preference of patients for kidney transplantation due to high costs and lack of kidney donors will stimulate the demand for dialysis treatment. Moreover, technological advancements in the market coupled with favorable reimbursement scenario in certain countries will propel the market mandate for dialysis products and services.

 

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Rising incidence of diabetes in different economies will accelerate the industry growth

Rising prevalence of diabetes in developing countries such as India and China owing to lifestyle modifications will ensure profitable scenario for the dialysis market. Diabetes interferes with normal kidney functioning and often results in kidney failure that accelerates the demand for dialysis treatment. The growing prevalence of diabetes in India on account of change in lifestyle will prove beneficial for the market in the country. India is facing an epidemic of diabetes, with high prevalence in urban areas. The prevalence of prediabetes in India is also high.
 

Fewer complications associated with peritoneal dialysis will create a significant growth opportunities

Global Dialysis Market

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The peritoneal dialysis market is predicted to witness more than 7% CAGR till 2027 led by rising preference for peritoneal dialysis in recent years due to technological advancements in dialysis devices. As, peritoneal dialysis involves few complication as compared to other hemodialysis treatment and does not require regular visits to hospital. In addition, greater lifestyle flexibility and independence, a less restricted diet as well as long lasting residual kidney function are some of the benefits offered by peritoneal dialysis that will enhance the market expansion.
 

Browse key industry insights spread across 220 pages with 404 market data tables & 15 figures & charts from the report, “Dialysis Market Size By Type (Hemodialysis, Peritoneal Dialysis), By Product & Service (Equipment {Dialysis Machines, Water Treatment Systems}, Consumables {Dialyzers, Catheters, Access Products, Concentrates}, Services {Acute Dialysis, Chronic Dialysis), By End-use (In-center Dialysis, Home Dialysis), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/dialysis-market
 

Benefits allied with dialysis equipment will favor the market demand

The equipment segment held around 7% of the dialysis market share in 2020 impelled by rising healthcare expenditure to provide better healthcare facilities. Investment in research and development by foremost industry players to add improvements in the dialysis machines and water treatment systems utilized in the dialysis treatment will provide a notable growth to the segment. Several technological advancements and surging preference towards innovative equipment for proper and better patient care will further spur the market value.
 

In-center dialysis segment is projected to show a vigorous market progression

The in-center dialysis segment accounted more than USD 58 billion in 2020 driven by the increasing adoption of dialysis treatment in chronic renal disease patients. Additionally, rising acceptance of in-center dialysis treatment is attributed to the presence of trained kidney care professionals providing the best care possible to patients whenever needed.
 

Increasing healthcare expenditure will foster the market revenue

Europe dialysis market is estimated to grow at a CAGR of over 3.5% through 2027. Rising healthcare expenditure, rapidly expanding economy, and growing government financing in research projects of dialysis will strengthen the regional dominance. Increasing awareness regarding severity of numerous chronic diseases will augment the industry expansion. Furthermore, dominance of foremost market participants in the European region along with innovative advancements in dialysis products including dialysis machines dialyzers, and waste disposable systems will prove beneficial for the industry progression.
 

Adoption of several growth strategies enables major industry players to maintain their market share

Some of the leading companies operating in the market include KAWASUMI LABORATORIES, U.S. Renal Care, B. Braun, Toray Industries, Rogosin Institute, Satellite Healthcare, Nipro, Medtronic, JMS, Baxter, Fresenius Medical Care, Asahi Kasei Nikkiso and DaVita. These prominent market leaders undergo different organic and inorganic growth initiatives to maintain vigorous foothold in the dialysis business.
 

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