CHICAGO, April 18, 2024 /PRNewswire/
-- Hemodialysis and Peritoneal Dialysis Market in
terms of revenue was estimated to be worth $92.0 billion in 2024 and is poised to reach
$126.2 billion by 2029, growing at a
CAGR of 6.5% from 2024 to 2029 according to a new report by
MarketsandMarkets™.
Globally, the growing burden of chronic diseases like diabetes,
hypertension, the rising incidence of ESRD globally are anticipated
to accelerate the demand for renal care, further propelling the
adoption of hemodialysis and peritoneal dialysis products and
services. Moreover, the rising advancements in dialysis machines,
development of biocompatible dialysis membranes, dialysis fluid,
and portable & home based dialysis equipment are likely to fuel
the market growth. Moreover, the increasing investments for new
product development and growing adoption of home dialysis modality
owing to its advantages over in center dialysis treatment modality
are expected to support the hemodialysis and peritoneal dialysis
market growth during the forecast period.
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Hemodialysis and Peritoneal Dialysis Market
Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$92.0
billion
|
Estimated Value by
2029
|
$126.2
billion
|
Growth Rate
|
Poised to grow at a
CAGR of 6.5%
|
Market Size Available
for
|
2022–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Product and Services,
Disease Indication, End user, and Region
|
Geographies
Covered
|
North America (US &
Canada), Europe (Germany, the UK, France, Italy, Spain, and RoE),
APAC (Japan, China, Australia, South Korea India, and the RoAPAC),
LATAM (Brazil, Mexico, and RoLATAM), and MEA (GCC Countries,
RoMEA)
|
Report
Highlights
|
Updated financial
information / product portfolio of players
|
Key Market
Opportunities
|
High growth potential
of emerging markets
|
Key Market
Drivers
|
Rising prevalence of
chronic kidney disease globally
|
Vascular complication associated with dialysis procedures and
lack of well established reimbursement and coverage for dialysis in
many economic countries, reducing the affordability of dialysis
treatment among patients with kidney diseases are likely to hamper
the growth of hemodialysis and peritoneal dialysis market.
The hemodialysis services segment, by hemodialysis products
and services, is expected to register the largest market share of
the global hemodialysis market in 2023.
The hemodialysis market is segmented based on product and
service. Hemodialysis products include hemodialysis machines and
hemodialysis consumables & supplies, whereas hemodialysis
services include in-center services and home services. The
hemodialysis services segment is anticipated to grow at significant
rate during the forecast period. This is attributed to the
increasing utilization of in-center and home hemodialysis services
among ESRD patients and the rising number of hemodialysis services
providers with strong focus on expanding their hemodialysis
services. In March 20254, DaVita Inc., a hemodialysis service
provider announced the expansion of its international operation
across Latin America.
"The APAC market, by region, to register highest growth rate
in the forecast period."
On the basis of region, the hemodialysis and peritoneal dialysis
market is segmented into North
America, Europe,
Asia Pacific, and the Latin America, Middle East & Africa. The
Asia-Pacific market is likely to
witness significant market growth. This is attributed to the rise
in geriatric patient population, increasing cases of chronic kidney
diseases, moreover, improving healthcare infrastructure and the
implementation of supportive government initiatives to increase the
accessibility of dialysis services in many APAC countries such as
India and China. The geographical expansion of key
players, and emergence of many local players in the region are
likely to support growth of the hemodialysis and
peritoneal dialysis market in Asia
Pacific.
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Hemodialysis and Peritoneal Dialysis Market Dynamics:
Drivers:
- Rising prevalence of chronic kidney disease globally
Restraints:
- Complications linked with dialysis procedures
Opportunities:
- High growth potential of emerging markets
Challenge:
- Product Recall
Key Market Players of Hemodialysis and Peritoneal
Dialysis Industry:
As of 2023, prominent players in the patient monitoring market
are Medtronic (Ireland), Nihon
Kohden Corporation (Japan),
Mindray Medical International Ltd. (China), GE Healthcare (US), Abbott
Laboratories (US) and Boston Scientific Corporation (US), among
others.
A breakdown of the primary participants referred to for this
report is provided below:
- By Company Type: Tier 1–25%, Tier 2–30%, and Tier 3– 45%
- By Designation: C-level–26%, Director-level–30%, and
Others–44%
- By Region: North America–40%, Europe–31%, Asia Pacific–20%,
Latin America–6%, and the Middle
East & Africa–3%
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Hemodialysis and Peritoneal Dialysis Market - Key Benefits of
Buying the Report:
The report will enable established firms as well as
entrants/smaller firms to gauge the pulse of the market, which, in
turn, would help them to garner a larger market share. Firms
purchasing the report could use one or a combination of the
below-mentioned strategies for strengthening their market
presence.
This report provides insights on the following
pointers:
- Analysis of Key divers (increasing number of ESRD patients,
technological advancement in hemodialysis and peritoneal dialysis
equipment, growing prevalence of diabetes and hypertension),
restraints (high cost of hemodialysis treatment, reimbursement
concerns in emerging countries, complication associated with
dialysis procedure), Opportunities (emerging markets, gradual shift
towards home hemodialysis), Challenge (Product recall)
- Market Penetration: Comprehensive information on the product
portfolios offered by the top players in the hemodialysis and
peritoneal dialysis market
- Product Development/Innovation: Detailed insights on the
upcoming trends, R&D activities, and product launches in the
hemodialysis and peritoneal dialysis market
- Market Development: Comprehensive information on lucrative
emerging regions
- Market Diversification: Exhaustive information about new
products, growing geographies, and recent developments in the
hemodialysis and peritoneal dialysis market
- Competitive Assessment: In-depth assessment of market segments,
growth strategies, revenue analysis, and products of the leading
market players.
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