U.S. Dialysis Market worth over $50bn by 2027

U.S. Dialysis Market size is set to surpass USD 50 billion by 2027, according to a new research report by Global Market Insights, Inc.
 

Wide availability of dialysis products and services will accelerate the market growth during the forecast timeframe. Prominent industry players in the U.S. including American Renal Associates Inc. and Sanderling Renal Services, focuses on improving the patient health through their dialysis services.

 

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Rapidly growing incidences of diabetes in the U.S. will propel the market expansion

Growing prevalence of diabetes in several states including West Virginia, Mississippi, Arkansas, South Carolina, Alabama, Tennessee, and others will ensure profitable scenario for the U.S. dialysis market. As per the data published in National Diabetes Statistics Report, 2020 around 34 million Americans have diabetes. Obesity, aging population, and lack of physical activities are some of the aspects that surge the number of diabetic cases in the U.S. Therefore, rising number of diabetic cases will prove advantageous for the overall market. Similarly, with an increase in income levels, there is an increase in the standard of living with a proportional increase in a calorie-rich diet that will escalate the risk of diabetes in adults and the teenage population. Therefore, sedentary lifestyle and obesity will result in high diabetes prevalence ultimately surging the demand for dialysis treatment over the forecast period.
 

Increasing demand for hemodialysis treatment will foster the overall U.S. dialysis market progression

U.S. Dialysis Market, By Type

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The peritoneal dialysis will witness more than 7% growth rate till 2027 led by the technological advancements in the devices used during the procedure. Also, peritoneal dialysis has some advantages over hemodialysis such as less restricted diet, greater lifestyle flexibility and does not require regular visits to the hospital.
 

Browse key industry insights spreads across 330 pages with 770 market data tables & 15 figures & charts from the reportU.S. 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), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:

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

Ongoing improvements in dialysis machines will spur the market value

The U.S. dialysis market for equipment segment accounted for 7.5% of revenue share in 2020. Investment in research and development activities by key industry participants to add various improvements in the dialysis machines as well as water treatment systems will help the market to gain significant momentum. Industry players including Baxter International and Medtronic provide excellent dialysis machines to hospitals and dialysis centers for superior patient care that secures its market position.
 

Improving home dialysis facilities in the U.S. will stimulate the market revenue

The home dialysis segment exceeded USD 8.5 billion in 2020 owing to the growing inclination of individuals towards home settings. The demand for home dialysis is rapidly rising in the U.S. due to comfort and greater flexibility offered in home environment. In addition, home dialysis offers several benefits including improved quality of life, reduction in travel expenses, and easy patient mobility will increase its adoption over the coming years.
 

Cost effectiveness of dialysis in Michigan will ramp up the industry growth in East North Central region

East North Central region in the U.S. dialysis market is estimated to attain a CAGR of over 5.7% through 2027 impelled by the presence of states such as Illinois, Michigan and Ohio that have large number of dialysis centers and favorable reimbursement policies. For instance, according to the National Kidney Foundation of Michigan, the federal government pays 80% of all the dialysis cost for most of the patients that fit their criteria.
 

Companies are implementing organic and in-organic growth strategies to improve their market position

Some of the eminent participants operating in the market include Asahi Kasei Corporation, American Renal Associate Inc., Baxter International, B.Braun, DaVita Inc., Fresenius Medical Care, Medtronic, Nipro Corporation, Sanderling Renal Services, Toray Industries Inc., U.S. Renal Care and others. Market leaders are focusing on strategic partnerships and agreements to launch novel products to gain a competitive advantage in the industry.
 

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