Dialysis Market 2021 Size, Industry Share, Growth, Trends And Top Key Players: Fresenius Medical Care AG & Co. KGaA, Baxter International, Inc., DaVita Inc., Nipro Corporation

Allied Market Research recently published a report, titled, the global dialysis market is expected to reach $118.51 billion by 2023 from $91 billion in 2017, registering a CAGR of 4.4% from 2018 to 2023.

"Dialysis Market by Type [Hemodialysis (Conventional Hemodialysis, Short Daily Hemodialysis, and Nocturnal Hemodialysis) and Peritoneal Dialysis (Continuous Ambulatory Peritoneal Dialysis and Automated Peritoneal Dialysis)], Products & Services [Equipment (Dialysis Machines, Water Treatment Systems, and Others), Consumables (Dialyzers, Catheters, and Others), Drugs, and Services], and End User (In-center Dialysis and Home Dialysis) - Global Opportunity Analysis and Industry Forecast, 2017-2023."

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The benefits of using peritoneal dialysis over hemodialysis is expected to attract patients with chronic renal diseases and fuel the innovations and market growth of peritoneal dialysis.

Hemodialysis segment to remain dominant throughout 2023

Hemodialysis segment contributed nearly nine-tenths share of the total market revenue in 2017 and is expected to remain dominant throughout the forecast period. This is attributed to technological advancements in the medical sector, proliferation of dialysis centers, and increase in prevalence of chronic conditions among the geriatric population. However, the peritoneal dialysis segment would grow at the fastest CAGR of 6.1% from 2018 to 2023, owing to simplicity of the procedure, reduced need for trained medical staff, and minimal requirement for technical support & electricity.

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The hemodialysis segment is the largest contributor toward the market growth. The peritoneal dialysis segment is anticipated to be a lucrative market due to the growth in demand for dialysis services for the treatment of neonates and children.

The services segment was the highest contributor toward the market growth in 2016, and is expected to maintain its dominance during the forecast period. This is attributable to the increase in the number of treatment centers and advancement of home-based services.

In-center dialysis segment to retain lion's share through 2023

In-center dialysis segment accounted for nearly 85% of the total market revenue in 2017 and is projected to maintain its lead through 2023. This is due to the presence of a large number of dialysis centers and availability of skilled workforce & advanced equipment at these centers. However, the home dialysis segment is expected to register the highest CAGR of 7.0% from 2018 to 2023, owing to the ease & convenience offered by these services, high preference among patients, and advancements in technologies related to home dialysis equipment.

Leading market players

The key market players analyzed in the study are Fresenius Medical Care AG & Co. KGaA, DaVita Inc., Baxter International, Inc., B. Braun Avitum AG, Nipro Corporation, Nikkiso Co. Ltd., Diaverum Deutschland GmbH., Asahi Kasei Corporation, NxStage Medical, Inc., and Medicators, Inc. These players have implemented various strategies such as partnerships, mergers & acquisitions, expansions, collaborations, joint ventures, and others to gain a stronghold in the market.

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