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.
The global dialysis market was valued at $91.2 billion in 2020, and is projected to reach $129.8 billion by 2028, registering a CAGR of 4.7%. North America is the highest contributor in the dialysis market; however, Asia-Pacific is expected to witnessed the highest growth rate during the forecast period.
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The function of the kidney is to remove waste products and excess fluid from the blood. This process is carried out with the help of dialysis when the kidney is not functioning properly. Waste products, such as urea and creatinine, are removed from the blood with the help of artificial and natural semipermeable membranes. In hemodialysis, the blood is purified using an artificial membrane, whereas, in peritoneal dialysis, the waste products are removed using peritoneum in abdomen, which acts as a natural semi-permeable membrane.
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.
Based on type, the market is divided into hemodialysis and peritoneal dialysis. The hemodialysis segment held the lion’s share in 2020, accounting for more than four-fifths of the market. However, the peritoneal dialysis segment would manifest the highest CAGR of 5.4% during the forecast period.
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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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