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Kidney Dialysis Market Research And Analysis 2024-2033
Kidney Dialysis Market Research
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According to The Business Research Company's, The kidney dialysis market size has grown strongly in recent years. It will grow from $79.66 billion in 2023 to $85.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rise in chronic kidney disease (ckd), medical research and treatment guidelines, increased access to healthcare, health insurance coverage expansion, improvements in dialysis technology.
The kidney dialysis market size is expected to see strong growth in the next few years. It will grow to $112.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to value-based healthcare models, chronic disease management focus, rising awareness and screening programs, patient-centric care models, personalized medicine in nephrology. Major trends in the forecast period include sustainability in dialysis, regenerative medicine approaches, focus on cardiovascular health, wearable and portable dialysis devices, home dialysis expansion.
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Market Drivers and Trends:
The rise in the prevalence of chronic kidney diseases is expected to propel the growth of the kidney dialysis market going forward. Chronic kidney disease (CKD) refers to a long-term, progressive condition in which the kidneys gradually lose their ability to function properly. It is characterized by the gradual deterioration of kidney function over a period of months or years. Kidney dialysis is primarily used for individuals with chronic kidney disease (CKD) when their kidneys are no longer able to function adequately to remove waste products and excess fluids from the body. For instance, in June 2023, according to Kidney Research UK, a UK-based charitable organization that conducts research and advocacy efforts to improve understanding, prevention, and treatment of kidney diseases, an estimated 7.19 million people in the UK were affected by chronic kidney disease in 2023, representing more than 10% of the UK population and projected to increase to 7.61 million people by 2033. Therefore, the rise in the prevalence of chronic kidney disorders is driving the growth of the kidney dialysis market.
Technological advancement is a key trend gaining popularity in the kidney dialysis market. Major companies operating in the kidney dialysis market are adopting new technologies to sustain their position in the market. For instance, in June 2021, Baxter International Inc., a US-based healthcare company, launched Sharesource Analytics 1.0, an innovative next-generation digital health solution for peritoneal dialysis (PD) patients who get care at home. This module can help improve patient outcomes by identifying and addressing potential problems early on. The module can also help reduce nurse workload and improve patient satisfaction. Additionally, this technology also includes several tools that can help clinicians communicate with patients and provide clinical support. It improves kidney disease patients' outcomes and quality of life.
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Major Key Players of the Market:
Fresenius SE and Co. KGaA, Medtronic plc., Asahi Kasei Corporation, Becton Dickinson And Company, Baxter International Inc., DaVita Healthcare Partners Inc., B. Braun Melsungen AG, Nipro Corporation, Zytoprotec GmbH, Teleflex Incorporated, Medica Group Plc., Nikkiso Co. Ltd., Diaverum AB, Toray Medical Co. Ltd., NxStage Medical Inc., AngioDynamics Inc., Satellite Healthcare Private Limited, Medivators Inc., SWS Hemodialysis Care Co. Ltd., Outset Medical Inc., Rockwell Medical Inc., Kawasumi Laboratories Inc., CytoSorbents Corporation, Nephrocare Health Services Pvt. Ltd., Farmasol Ltd., Quanta Dialysis Technologies Limited, Medical Components Inc., JMS Co. Ltd., Allmed Medical Care Holdings Limited, Dialife SA
Kidney Dialysis Market 2024 Key Insights:
• The kidney dialysis market size is expected to see strong growth in the next few years. It will grow to $112.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
• Growing Prevalence Of Chronic Kidney Diseases Fuels Kidney Dialysis Market Expansion
• Kidney Dialysis Market Witnesses Surge In Technological Advancements
• North America was the largest region in the kidney dialysis market in 2023
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