Dialysis Market To Grow at CAGR 4.7% From 2021 – 2028 | Hemodialysis segment holds a dominant position

The global dialysis market size was valued at $91,205.0 million in 2020, and is estimated to reach $129,756.8 million by 2028, registering a CAGR of 4.7% from 2021 to 2028.

What is dialysis market?

The dialysis market is segmented on the basis of type, Product & Service, end user, and region. On the basis of type, it is bifurcated into hemodialysis and peritoneal dialysis. Hemodialysis is categorized into conventional hemodialysis, short daily hemodialysis, and nocturnal hemodialysis.

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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.

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.”

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.

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On the basis of product & services, the market is classified into equipment, consumables, drugs, and services. The consumables segment is projected to register the highest CAGR of 6.0% during the forecast period. However, the service segment dominated the market in 2020, contributing to more than two-thirds of the market.

Key Market Players

FRESENIUS SE AND CO. KGAA
ASAHI KASEI CORPORATION
B. BRAUN MELSUNGEN AG
BAXTER INTERNATIONAL INC.
BECTON, DICKINSON AND COMPANY (C. R. BARD, INC.)
DAVITA
ANGIODYNAMICS INC.
DIAVERUM DEUTSCHLAND GmbH.
NIKKISO CO. LTD.
NIPRO CORPORATION

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