Global Dialysis Market generated a revenue of $86,621 million in 2016 and is likely to accrue a sum of $118,512 million by 2023, growing at a CAGR of 4.5% during the forecast period, 2017 – 2023.
The impact of the driving factors is expected to surpass the effect of restraints. Moreover, the technological advancements leading to higher adoption rate and untapped markets in the developing countries are expected to provide new avenues for the growth of dialysis market in the near future.
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The kidney helps to remove waste products such as urea and creatinine and excess fluid from the blood. It is carried out with a procedure known as dialysis when the kidney fails or stops functioning. The waste products are flushed out from the blood through artificial and natural semipermeable membranes. The hemodialysis type involves the purification of blood using an artificial membrane, while the peritoneal dialysis involves the removal of waste products using peritoneum in abdomen, which functions like a natural semi-permeable membrane.
The factors driving the growth of the dialysis market are the growing number of end-stage renal diseases, growing prevalence of diabetes and hypertension, and increased funding for development of new products. Moreover, increased expenditure in healthcare, growing geriatric population, and rise in disposable income of consumers are likely to boost the market growth. Furthermore, as there is dearth of matching donors, dialysis treatment is preferred over kidney transplant. However, lack of awareness of kidney diseases, product recall, and reduction in reimbursements for dialysis act as restraints for the market growth.
Among the types, the hemodialysis segment accounts for the largest market share. The peritoneal dialysis segment is likely to be lucrative, owing to the rise in demand for dialysis services for treating neonates and children.
In 2016, the services segment accounted for the largest market share and is likely to maintain its revenue lead through 2023. This is due to the rise in the number of treatment centers and advancement of home-based services across the globe.
The market in North America generated the highest revenue in 2016, owing to high prevalence rate of diabetes and hypertension, high disposable income of consumers, and high adoption of technologically advanced products in the region. Moreover, the presence of numerous dialysis centers in this region and increased incidence of chronic renal & kidney diseases are expected to boost the growth of the industry. Nonetheless, the market in Asia-Pacific is likely to grow at the highest CAGR during the study period, owing to the growing occurrence of kidney failure, low rate of organ transplantation, and increased healthcare expenditure.
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The key players operating in the global dialysis market include
- Fresenius Medical Care AG & Co. KGaA,
- Baxter International, Inc.,
- DaVita Inc.,
- Nipro Corporation,
- B. Braun Avitum AG,
- Diaverum Deutschland GmbH.,
- Nikkiso Co. Ltd.,
- NxStage Medical, Inc.,
- Asahi Kasei Corporation,
- Medicators, Inc
The other significant players in the value chain include Atlantic Biomedical Pvt. Ltd., JMS Co., Ltd., Toray Medical Co., Ltd., and Rockwell Medical Technologies.
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