Hemodialysis and Peritoneal Dialysis Market is expand at a CAGR of 6.1% during 2021-2031 | BECTON, DICKINSON AND COMPANY , COOK GROUP, ANGIODYNAMICS INC., MEDTRONIC PLC

The global hemodialysis and peritoneal dialysis market were valued at USD 81.8 billion in 2021 and it is anticipated to grow further up to USD 148.4 billion by 2031, at a CAGR of 6.1% during the forecast period.

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Dialysis is a procedure used to remove waste products from the blood, such as urea and creatinine, which are caused by the kidneys' improper functioning and are typically necessary for those with chronic renal failure. Hemodialysis and peritoneal dialysis are the two types of this treatment used to treat renal problems. Hemodialysis involves pumping blood out of blood vessels, purifying it with a dialyzer, and then reintroducing it to the body via vascular access. The basic idea behind the process is the same as peritoneal dialysis, except the peritoneum, the inner lining of the stomach, is utilized as a filter to clean the blood.

Market Trends and Drivers

The demand for hemodialysis and peritoneal dialysis is being driven by a number of factors, including the increasing prevalence of acute kidney injury (AKI), a lack of organ donors, the risks associated with transplants, technological advancements, and initiatives by the major players to introduce cutting-edge products and services. Additionally, the COVID-19 pandemic outbreak has increased the need for dialysis significantly around the world. As a result, the industry has seen increased financial incentives and regulatory support from several government agencies. Throughout the projected period, these elements are anticipated to support the market's expansion.

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Furthermore, it is anticipated that the need for home care dialysis services would continue to rise. Acute and chronic kidney disease patients are treated at home or in outpatient settings. As a result, there is a greater need for renal home treatments. In addition, the NCBI reports that, as of 2017, 10.8% of Americans used home dialysis, a 30 percent rise over the previous ten years. The Advancing Kidney Health Initiative made the suggestion in 2019 to treat more patients with renal failure at home using hemodialysis or peritoneal dialysis. In addition, CMS suggested a target of having 80% of dialysis patients get their care in a home environment.

Market Restraints and Challenges

Increased dialysis-related side effects including infections, hypotension, fluid overload, and access point hemorrhage are projected to restrain market expansion in the years to come. Similar issues with reimbursement policies in developing countries limit market expansion. This is explained by the fact that compensation for dialysis varies significantly in terms of quantity and duration between different nations and does not always account for actual treatment expenses, which discourages patients and doctors from thinking about how to use the policy.

Major Players in the Global Hemodialysis and Peritoneal Dialysis Market

The key players studied in the market are FRESENIUS SE AND CO. KGAA, ASAHI KASEI CORPORATION, B. BRAUN MELSUNGEN AG, BAXTER INTERNATIONAL INC., BECTON, DICKINSON AND COMPANY (C. R. BARD, INC.), COOK GROUP, ANGIODYNAMICS INC., MEDTRONIC PLC., NIKKISO CO. LTD., and NIPRO CORPORATION among others.

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COVID-19 Impact

The global market for dialysis care had been severely disrupted by the COVID-19 pandemic. Because of the pandemic's high hospitalization rates, the demand for dialysis equipment and supplies has suddenly increased. For instance, according to CDC estimates from 2021, an estimated 37 million Americans, or 1 in 7 U.S. adults, were affected by CKD. The higher prevalence of coexisting diseases like CKD, diabetes, and hypertension was primarily to blame for this. The epidemic also caused significant supply-chain disruptions, which made it difficult for producers to keep up with demand. The aging population's increasing medical needs, the increased demand for novel products and treatments, and developments in medical technology are all predicted to contribute to the market's continued expansion after COVID-19. Additionally, increasing public and commercial sector initiatives to promote home HD/PD may open up more lucrative market opportunities after COVID-19.

Global Hemodialysis and Peritoneal Dialysis Market Segmentation

By Type

Hemodialysis
Peritoneal Dialysis

By Product

Devices
Consumables
Services

By End Use

Home-Based
Hospital-Based

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