Globally, the hemodialysis and peritoneal dialysis markets were valued at $17 billion in US dollars in 2021. The market is expected to reach US$ 24 billion by 2031, according to AMR Group, with a compound annual growth rate (CAGR) of 6.3 percent from 2022 to 2031. Patients with renal failure can receive therapy via hemodialysis, which includes drawing wastes, salts, and liquids out of their blood. During peritoneal dialysis, the kidney’s cleaning function is carried out by the peritoneum of the abdominal cavity. Dialyzers, bloodlines, catheters, and dialysates are required to properly provide dialysis therapy. The market is being pushed by factors such as the shortage of kidney transplants, the increasing number of dialysis facilities, the rising incidence of diabetes, hypertension, and kidney disorders, as well as efforts for chronic renal care.
Hemodialysis is the process of employing a hemodialyzer to remove surplus and waste chemicals and fluids from the body. As the blood goes through the filter, it comes into touch with dialysate, which is similar to physiological fluid but for the presence of contaminants. This form of dialysis is quite demanding due to its strict treatment schedule and limited time, space, or movement for the patient. In addition, it demands the creation and upkeep of vascular access, which can include using a dialysis catheter or creating an AV fistula or graft in the groin or arm to obtain the high blood flow necessary for dialysis.
Get a Free Sample Copy of the Report – https://wemarketresearch.com/reports/request-free-sample-pdf/hemodialysis-and-peritoneal-dialysis-market/910
Hemodialysis and Peritoneal Dialysis Market Segmentation
By Product
- Device
- Consumables
- Services
By Type
- Hemodialysis
- Peritoneal dialysis
Key Players
The 3M Company, Allmed Medical Care Holdings Limited, Angiodynamics Inc., Asahi Kasei Medical Co., Ltd., Baxter International Inc., C. R. Bard, Inc., B. Braun Melsungen Ag, Cook Group, DaVita Inc., Dialifegroup, Diaverum, Fresenius SE and Co. KGAA, Isopure Corp., JMS Co. Ltd., Mar Cor Purification, Medtronic Plc., Nikkiso Co. Ltd., Nipro Corporation, Nxstage Medical, Inc., and Rockwell Medical are some of the major companies operating in the hemodialysis and peritoneal dialysis markets.
Growth Driver
Kidney damage from chronic kidney disease (CKD) makes kidneys less efficient than healthy kidneys in eliminating waste from the blood. The body accumulates toxic waste and excess fluid due to ineffective kidneys, which can lead to high blood pressure, heart disease, stroke, and premature mortality. But with the help of their medical specialists, persons who have CKD or are at risk of getting it may take preventative measures to protect their kidneys.
The need for quick-access renal services has risen due to the large rise in the prevalence of CKD. According to the CDC, around 37 million persons in the United States, or 15% of the population, suffer from chronic renal disease. In the United States, 37 million individuals, or 15% of the population, have CKD. Ninety percent of people with CKD are not aware that they have the disease. Approximately 25% of people with severe CKD are not aware that they have the illness.
Furthermore, the availability of highly skilled nephrologists has led to an increase in the number of renal care centers in developed nations. Furthermore, to address the rising need for renal care in emerging economies, investors are focusing more on building new renal treatment facilities in nations like China, Mexico, India, etc. It is expected that this will support the hemodialysis market’s revenue growth in the next years. Because these countries offer easily accessible healthcare, the frequency of visitors to these institutions is increasing.
Regional Trend
Geographically, North America held the biggest revenue share of 89% in 2021 and led the hemodialysis and peritoneal dialysis markets. The rising incidence of chronic renal disease and Medicare’s expenditure on healthcare are factors driving the country’s market expansion, which is also responsible for the rise observed in this area. The development of hemodialysis and peritoneal dialysis in this area was facilitated by well-developed and expanding research and development as well as the rising acceptance of technical advancements in infusion pumps. Because of significant medical RD spending, a robust healthcare system, and an increase in the frequency of illness, the United States commanded the largest market share in North America for both hemodialysis and peritoneal dialysis.
A major contributing cause to the rise in kidney failure cases in the United States is the increased number of dialysis patients (over 500,000) and kidney transplant recipients (over 200,000), both of which can be linked to stressful work environments and lifestyle choices. It is projected that the Asia Pacific region will have substantial growth throughout the forecast period. In Asia, the number of persons undergoing dialysis, diabetes, and cancer is on the rise. Developing Asian countries like China, India, and Japan have created facilities and infrastructure for healthcare.
Reason to Buy this Report
- Industry research: This study offers information on market trends, prospects for development, and levels of competition. Businesses and investors may have a better grasp of the industry they are thinking about joining or operating in by reading a technology report. This will allow them to make more educated decisions based on facts and research.
- Competitive analysis: The study gives companies detailed knowledge about the advantages, disadvantages, and tactics of their rivals. With this knowledge, they might be able to recognize possible threats and market opportunities.
- Innovation: Businesses may keep informed about the most recent advancements and allocate resources wisely by leveraging the report’s insights on emerging technologies and trends.
- Due diligence: When contemplating an investment in the acquisition of a technology business, acquirers and investors may utilize the report as a component of their due diligence procedure. These studies can offer useful details on the company’s technology, its place in the market, and other important aspects.
Buy Now Hemodialysis and Peritoneal Dialysis Market Report – https://wemarketresearch.com/purchase/hemodialysis-and-peritoneal-dialysis-market/910?license=single
About We Market Research
We Market Research is a well-established market analytics and research organization with a diverse range of industry experience. We have been working on multi-county market research since our start. Throughout our history, we have earned accolades for our thorough market research and analytical analysis of many industry segments.
Our strategic market analysis and ability to appreciate the profound cultural, philosophical, and sociological components of many complex markets have helped us establish a name for ourselves in the business. We Market Research is a market leader in assisting several regional and worldwide firms in effectively achieving their business objectives via our in-depth market analysis. Furthermore, we may develop market strategies that ensure our clients have a consistent consumer base.
Contact Us
Mr. Robbin Joseph
Corporate Sales, USA
We Market Research
USA: +1-724-618-3925
Websites: https://wemarketresearch.com/
Email: sales@wemarketresearch.com
