Rising Chronic Kidney Disease Prevalence Sparks Global Dialysis Market Growth

0
Rising Chronic Kidney Disease Prevalence Sparks Global Dialysis Market Growth

Dialysis demand is likely to grow at a compound rate of 7.7 % percent a year until FY30, The rise in the number of diabetic and hypertensive patients worldwide drives the dialysis Market Growth according to an analysis by Maximize Market Research.

PUNE, India, Sept. 5, 2024 /PRNewswire/ — The global Dialysis Market is expected to significant growth, driven by the increasing prevalence of chronic kidney disease. According to the MMR Study Report, by 2030 up to 16.5% of the population in major countries, including the US, UK, Brazil, China, and Australia, is expected to suffer from chronic kidney disease, highlighting the growing demand for dialysis treatments. Chronic kidney disease currently affects approximately 850 million people globally. The condition disproportionately impacts vulnerable populations and carries substantial healthcare and societal costs. In Malaysia, for instance, dialysis expenditures surged 274 times in just over two decades, reflecting the rising burden of end-stage renal disease. Similar trends are observed in the US, where new kidney failure cases rose by 42%, primarily due to diabetes and hypertension. In the Philippines, a 40% increase in new dialysis patients underscores this demand. These alarming trends signal a growing need for dialysis services, boosting the market growth as healthcare systems worldwide respond to this escalating crisis.

Market Size in 2023

USD 121.53 Billion

Market Size in 2030

USD 204.27 Billion

CAGR

7.7 %

Forecast Period

2024-2030

Base Year

2023

Segment Covered

by Product

by Type

by End-Use

by Region

Key Market Drivers

 

  • Increasing Prevalence of Chronic Kidney Disease
  • Technological Advancements

Key Market Restrain

Key Market Opportunities

 

  • Expansion of Home Dialysis Options
  • Government Initiatives and Funding

Report Coverage

Market Share, Size, and Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF:
https://www.maximizemarketresearch.com/request-sample/80725/ 

Embracing Digital Innovations and Revolutionary Technologies

The dialysis market is being transformed by digital advancements and innovations, creating a significant boost in its growth potential. Telemedicine, remote monitoring, and wearable devices are revolutionizing patient care, making it more efficient and accessible. In remote areas, telemedicine is expanding access, while AI-driven analytics enable better clinical decision-making. Emerging technologies such as wearable artificial kidneys (WAKs) and bio-artificial kidneys are addressing the limitations of traditional dialysis, enhancing patient autonomy, and improving quality of life. These innovations are making treatment more convenient and less invasive. Also, strategic collaborations between healthcare providers, tech companies, and policymakers are accelerating the adoption of these solutions, positioning the Market for sustained growth. As these technologies continue to evolve, the Dialysis Market is set to become more personalized, accessible, and efficient, benefiting both patients and healthcare systems globally.

Dialysis Market: Segmentation

The global Dialysis Market is segmented into Product Type, by Type and by End Use Segment. The type segment includes Hemodialysis and Peritoneal dialysis. The Hemodialysis segment dominated the Type segment of Dialysis in the year 2023. Due to its widespread availability, effectiveness in removing waste and excess fluids, and shorter treatment duration compared to peritoneal dialysis. Hospitals and dialysis centers commonly offer hemodialysis, making it the preferred choice for patients. Its established infrastructure and proven clinical outcomes reinforce its leading position in the Dialysis Market.

Get 10% Free Customization on the Report: 
https://www.maximizemarketresearch.com/request-sample/80725/ 

Dialysis Market: Regional Analysis

The Asia-Pacific region is expected to hold the largest market share in the global dialysis market over the forecast period. The increasing prevalence of chronic kidney disease (CKD), driven by lifestyle diseases such as diabetes and hypertension, has significantly boosted demand for dialysis treatments. India and China, with their rapidly growing diabetic populations, are major contributors. According to an MMR study the Asia-Pacific region accounts for more than 30% of the global CKD cases. In India alone, it is estimated that nearly 17% of the population suffers from CKD. Meanwhile, China has reported a CKD prevalence rate of around 10.8%, highlighting the urgent need for dialysis services in these countries.

In India, for instance, CKD awareness remains low, and only a small percentage of patients undergo dialysis. The region also faces a significant demand-supply gap, with inadequate healthcare infrastructure and a shortage of medical practitioners expanding the market opportunity. Also, healthcare initiatives by governments, rising healthcare spending, and improving awareness are expected to drive growth. This growing demand for dialysis, along with untapped potential, positions the Asia-Pacific region as a dominant force in the global Dialysis Market.

Dialysis Market: Segmentation

By Product

  1. Equipment
  2. Consumables
  3. Services

By Type

  1. Hemodialysis
  2. Peritoneal dialysis

By End-Use

  1. In-center dialysis
  2. Home dialysis

For Detailed Segment Analysis: Request a Sample Report

Dialysis Market Top Key Players

  1. Fresenius Medical Care AG & Co. KGaA
  2. DaVita Inc.
  3. Baxter International Inc.
  4. Nipro Corporation
  5. B. Braun Melsungen AG
  6. Medtronic plc
  7. Asahi Kasei Medical Co., Ltd.
  8. Nikkiso Co., Ltd.
  9. Diaverum
  10. Toray Medical Co., Ltd.
  11. Kawasumi Laboratories, Inc.
  12. Dialife SA
  13. NxStage Medical, Inc.
  14. Medionics International, Inc.
  15. Rockwell Medical, Inc.

Maximize Market Research is leading Healthcare, has also published the following reports:

  1. Haemodialysis and Peritoneal Dialysis Market: The Haemodialysis and Peritoneal Dialysis Market size was valued at USD 104.08 Billion in 2023 and the total Haemodialysis and Peritoneal Dialysis revenue is expected to grow at a CAGR of 9.3 % from 2024 to 2030, reaching nearly USD 193.96 Billion in 2030. Technological Advancements boost the Haemodialysis and Peritoneal Dialysis Market.
  2. Global Chronic Kidney Disease CKD Drugs Market: Chronic Kidney Disease Drugs Market size was valued at USD 13.13 Bn. in 2023 and the total Chronic Kidney Disease (CKD) Drugs revenue is expected to grow by 5.6% from 2024 to 2030, reaching nearly USD 19.22 Bn. The rising population of Kidney Failures across the globe boosts the Global Chronic Kidney Disease CKD Drugs Market.
  3. Kidney Renal Function Test Market: The Kidney/Renal Function Test Market is projected to grow from USD 852.40 million in 2023 to USD 1390 million by 2030, at a CAGR of 6.50% during the forecast period. The prevalence of kidney disease is increasing globally and thereby acts as a major driver for the kidney/renal function test market growth.
  4. Chronic Kidney Disease Market: The Global Chronic Kidney Disease Market size reached USD 69.28 Bn in 2023 and is expected to reach USD 98.79 Bn by 2030, growing at a CAGR of 5.2 % during the forecast period.The Advances in Medical Technology and the Development of New Drugs and Therapies to Drive Chronic Kidney Disease Market Growth.
  5. Dialysis Disposable Devices Market size is expected to reach 28.26 US$ Bn in year 2030, at a CAGR of 5% during the forecast period.
  6. Hemodialysis Bloodline Systems Market is expected to grow at a CAGR of 6% during the forecast period and market is expected to reach US$ 10.6 Bn. by 2029.
  7. Peritoneal Dialysis Market size was valued at USD 35.78 Billion in 2023 and the total Peritoneal Dialysis Market revenue is expected to grow at a CAGR of 5.96% from 2024 to 2030, reaching nearly USD 53.66 Billion by 2030.

Key Benefits for Stakeholders:

  • This report offers a comprehensive analysis of the Dialysis market, combining both quantitative and qualitative insights. It covers segment analysis, current trends, market dynamics, challenges, and forecasts for the industry from 2024 to 2030.
  • Utilizing Porter’s Five Forces framework, the report examines the power of buyers and suppliers, supporting stakeholders in making informed decisions and strengthening supplier-buyer relationships.
  • A detailed look at market segmentation covers key opportunities within the Dialysis sector.
  • Major countries within each region are mapped according to their revenue contributions, highlighting their impact on the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

About Maximize Market Research:

Maximize Market Research is a multifaceted Market Research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 9607365656
[email protected]

Logo:

SOURCE Maximize Market Research Pvt. Ltd.

link

Leave a Reply

Your email address will not be published. Required fields are marked *