Rise in incidences of kidney diseases, surge in prevalence of lifestyle and chronic diseases, and issues related to kidney transplants drive the growth of the global dialysis market. However, complications in dialysis treatment and reimbursement policy concerns in developing countries hinder the market growth. On the contrary, shift in preference of patients for home hemodialysis and increase in market strategies by market players would open new opportunities in the future.
Medical devices and equipment manufacturers launched new systems for carrying out dialysis. Nipro Medical Corporation (Nipro) launched the SURDIAL DX Hemodialysis System in the U.S. market. The company developed this system to provide an effective dialysis treatment for patients. The patient-focused features have been developed by the company in collaboration with clinicians from across the world. These features provide optimal ergonomics and performance. The company aims to roll out the full scale commercial product in the U.S.
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The global Dialysis Market was pegged at $91.20 billion in 2020, and is estimated to reach $129.75 billion by 2028, growing at a CAGR of 4.7% from 2021 to 2028.
Covid-19 scenario:
- The rise in the number of Covid-19 patients increased the demand for dialysis in case of severe infection.
- However, the prolonged lockdown resulted in the supply chain disruption and shortage of raw materials.
The global dialysis market is segmented on the basis of type, product & services, and region.
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“Factors that drive the growth of the global dialysis market include rise in incidences of kidney diseases globally. Furthermore, issues related with kidney transplants and increase in occurrences of lifestyle and chronic diseases supplement the market growth. On the contrary, complications in dialysis treatment and concerns regarding reimbursements in emerging nations are likely to hinder the growth of the market. Conversely, change in preference of patients from in-center hemodialysis (ICHD) to home hemodialysis (HHD) and advancements in key alliances by pharmaceutical players such as acquisitions, dialysis product launches, and partnerships are expected to provide new opportunities for dialysis market expansion in the future”.
Key Findings Of The Study
- The peritoneal dialysis segment is anticipated to grow at the highest rate during the analysis period.
- The hemodialysis segment generated the highest revenue in 2020, and is expected to continue its dominance in the near future.
- North America dominated global dialysis market in 2020, and is anticipated to continue its dominance in the future.
- China is expected to grow at a highest rate in the Asia-Pacific during the forecast period.
- The services segment was the highest contributor among the Product & Service segments in 2020.
The key players operating in the global dialysis market include Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., Nipro Corporation, B Braun Melsungen Ag, Nikkiso Co., Ltd., Becton, Dickinson And Company (C. R. Bard, Inc.), Angiodynamics Inc., Asahi Kasei Corp., Davita, and Diaverum Deutschland GmbH.
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