Dialysis Market by Type, Manufacturers, Regions, Industry Analysis and Demand Forecast to 2024 - P&S Intelligence

Dialysis is a process that involves clinical purification of blood, by removing waste such as urea, creatinine, and excess water from blood and is majorly used as an artificial replacement of kidney function in the patients. Dialysis also find its application in patients suffering from chronic renal failure, renal diseases, and kidney transplant. According to the Centers for Disease Control and Prevention (CDC), around 4.9 million adults were diagnosed with the kidney diseases, in the U.S., in 2015. Therefore, the rising prevalence of chronic renal disease has been fueling the demand of dialysis products and services, leading the overall growth of global dialysis market.

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Global dialysis market is expected to grow considerably during the forecast period, due to an increase in number of end stage renal disease (ESRD) patients, rise in incidences of diabetes and hypertension, and increase in funding for development of new products.
According to the U.S. renal data system annual data report, more than 660,000 U.S. citizen were treated for kidney failure, also known as ESRD in 2016. Among these more than 193,000 had a functioning kidney transplant and 468,000 are dialysis patients.

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As per the reports of World Health Organization (WHO) on diabetes, number of people suffering from diabetes has increased from 108 million in 1980 to 422 million in 2014. Also, the prevalence of diabetes globally has risen from 4.7% in 1980 to 8.5% in 2014.
Additionally, government and private players have increased funding on the development of improved dialysis process. Thus, adequate investment for the innovation of dialysis products to treat the prevailing disease are driving the growth of the market.

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Geographically, North America was the largest market for dialysis in 2016, followed by Europe. The North American dialysis market is primarily driven by the presence of key established players in the market, developed reimbursement policies, and the prevalence of obesity and kidney diseases. The growth of European dialysis market is driven by increasing healthcare expenditure, and rising prevalence of diabetes. Asia-Pacific is expected to grow at the fastest pace during the forecast period, due to the huge patient population base, improving reimbursement and insurance scenario, increasing government healthcare initiatives, and growing number of dialysis centers.

Some of the key players in the dialysis market across the globe are Fresenius Medical Care AG & Co. KGaA, DaVita Inc., B. Braun Melsungen AG, Nikkiso Co. Ltd., Asahi Kasei Corporation, Medicators, Inc., NxStage Medical, Inc., Diaverum Deutschland GmbH, Nipro Corporation, and Baxter International, Inc.
The key players are readily tapping the untapped market with more innovative products and increasing their market presence which is leading to the growth of the dialysis market.

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