Hemodialysis Market Will Reach USD 2206.7 Million By 2028 With A CAGR of 1.5% - Valuates Reports
BANGALORE, India, April 11, 2022 /PRNewswire/ -- Hemodialysis Market is segment by Type - Hemodialysis Machine (HD), Hemodiafiltration Machine (HF), Bedside Hemodiafiltration Machines (Bedside Machines or Bedside Blood Filtration), by Application - Acute Renal Failure, Chronic Renal Failure, Acute Drug Poisoning or Poison, Others. Global Opportunity Analysis and Industry Forecast 2022 - 2028. It is published in Valuates Reports under the Medical Devices & Equipment Category.
The global Hemodialysis Market size is estimated to be worth USD 2018.1 million in 2022 and is forecast to be a readjusted size of USD 2206.7 million by 2028 with a CAGR of 1.5% during the review period.
MAJOR FACTORS DRIVING THE GROWTH OF THE HEMODIALYSIS MARKET
The global Hemodialysis Market is driven by rising cases of hypertension and diabetes. The increasing number of end-stage renal disorder (ESRD) patients and the shortage of kidney transplants are directly impacting the Hemodialysis Market trends.
The growing incidences of acute renal failure, drug poisoning, and at-home dialysis treatment will significantly boost the market in the coming years.
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TRENDS INFLUENCING THE GROWTH OF THE HEMODIALYSIS MARKET
Acute renal failure affects a large portion of the global population every year. The retention of bodily waste products, electrolyte disturbances, and failure to clear out toxins from the blood can lead to significant clinical consequences. In most cases, kidney diseases do not show any symptoms. People who are hospitalized remain at high risk due to increased mortality. The experimental therapies include bioartificial kidneys or dialysis, vasoactive peptides, endothelin inhibitors, and adhesion molecules.
The Hemodialysis Market will grow rapidly due to rising chronic kidney diseases (CKD). CKD develops over a period of time leading to end-stage kidney or renal failure(ESRD). As per the Centers For Disease Control And Prevention about 15% of adults in the US or 37 million people suffer from CKD. The global burden for CKD and ESRD is only going to rise further thereby surging the demand for dialysis treatment to maintain proper kidney functioning.
Drug poisoning occurs from a variety of substances such as household products, industrial chemicals, plant, or animal derivatives, and pharmaceutical drugs. The most frequent dialyzed toxins remain alcohol, lithium, and salicylates. Hemodialysis remains the most effective treatment method in these cases. With technological advancements, efficacy has risen along with preventive healthcare methods. This in turn will boost the Hemodialysis Market Trends during the forecast period.
End-stage kidney failure patients require dialysis to remove impurities, wastes, and excess fluid from their bodies. They end up getting hooked to a dialysis machine for three to five hours a day. On top of that, the visit to an outpatient healthcare facility is time-consuming, causes exhaustion, itchy skin, and muscle cramps. Hence at-home hemodialysis machines are gaining traction as patients can control the place and timing of their treatment. Home dialysis also presents huge opportunities to people residing in rural regions who tend to avoid long commutes. These factors will surge the growth of the hemodialysis market in the subsequent years.
However, complications related to dialysis such as muscle cramps, lack of sleep, bone diseases, cardiac arrest, low pressure, hernia limit the uptake of the treatment which will hamper the market growth.
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HEMODIALYSIS MARKET SHARE ANALYSIS
Based on region, Europe is expected to lead with 42% in the Hemodialysis Market share followed by North America with 29%.
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Market By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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Market By Company
- Fresenius
- Baxter & Gambro
- B.Braum
- Nikkiso
- Toray
- Nipro
- Bellco
- Asahi Kasei
- WEGO
- Shanwaishan
- Jihua
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SIMILAR REPORTS
- The global dialysis market size was valued at USD 91,205.0 million in 2020 and is estimated to reach USD 129,756.8 million by 2028, registering a CAGR of 4.7% from 2021 to 2028.
- The global Dialysis Equipment market size is estimated to be worth USD 1186.9 million in 2022 and is forecast to be a readjusted size of USD 1459 million by 2028 with a CAGR of 3.5% during the review period.
- The global Peritoneal Dialysis market size is estimated to be worth USD 133.5 million in 2022 and is forecast to a readjusted size of USD 190.4 million by 2028 with a CAGR of 6.1% during the review period.
- The global Hemodialysis Device market size is projected to reach USD 26970 million by 2028, from USD 21110 million in 2021, at a CAGR of 3.5% during 2022-2028.
- The global Hemodialysis Access Graft market size is projected to reach USD 216.9 million by 2028, from USD 179.2 million in 2021, at a CAGR of 2.3% during 2022-2028.
- The global Hemodialysis and Hospital Products market was valued at USD million in 2020 and is expected to reach USD million by the end of 2027, growing at a CAGR of % during 2021-2027.
- The global Hemodialysis Device market size is projected to reach USD 26970 million by 2028, from USD 21110 million in 2021, at a CAGR of 3.5% during 2022-2028.
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- Global Hemodialysis Concentrates & Powders Market Insights and Forecast to 2028
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