According to the latest report by IMARC Group, titled, “Hemodialysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, Offers a comprehensive analysis of the industry, which comprises insights on the global hemodialysis market share. The global hemodialysis market size reached US$ 83.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 107.8 Billion by 2027, exhibiting a CAGR of 4.5% during 2022-2027.
Hemodialysis is a procedure for treating kidney failure patients in which wastes, salts, and fluids are removed from their blood using a dialyzer, or an artificial kidney. It is performed when the kidney function falls below 10%-15% for the purpose of restoring electrolyte balance. It prevents salts and other toxins from accumulating in the body, removes waste products, such as creatinine and urea from the blood, and improves kidney function. Besides dialyzers, bloodlines, catheters, and dialysate are some of the medical equipment used in the process. Furthermore, it helps regulate blood pressure levels and maintain proper concentrations of minerals, such as sodium, potassium, and calcium in the body.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Hemodialysis Market Trends and Drivers:
The global market is primarily driven by the rising incidences of chronic kidney diseases (CKD), acute kidney injury (AKI), and end-stage renal disease (ESRD). It can be attributed to a considerable increase in the geriatric population that is more prone to developing renal failures. In line with this, the shortage of organ donors due to the risks associated with transplants is resulting in a higher product uptake. Moreover, the growing consumer awareness regarding early diagnosis and treatment of kidney disorders is providing an impetus to the market. Apart from this, continual product innovations, such as the advent of compact-sized home-treatment machines, are creating a positive outlook for the market. Some of the other factors contributing to the market include favorable government policies for improving healthcare infrastructure, rapid digitization in the medical sector and treatment automation, and extensive research and development (R&D) activities.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Baxter International
- Asahi Kasei Corporation
- Barun Melsungen
- Cantel Medical Corporation
- Fresenius Medical Care
- Nipro Corporation
- Rockwell Medical
- Toray Medical Company Ltd.
- Nikkiso Co. Ltd.
- Surni Group
- Satellite Healthcare Inc.
- Renacon Pharma Ltd., etc.
Hemodialysis Market 2022-2027 Competitive Analysis and Segmentation:
The report has segmented the market based on segment, modality and end-user.
Breakup by Segment:
- Hemodialysis Product
- Hemodialysis Service
- In-center Services
- Home Services
Breakup by Modality:
- Conventional Hemodialysis
- Short Daily Hemodialysis
- Nocturnal Hemodialysis
Breakup by End-User:
- Independent Dialysis Centres
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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