Hemodialysis Market 2023 | Industry Trends and Forecast 2028
IMARC Group, a leading market research company, has recently releases report titled, “Hemodialysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global hemodialysis market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the hemodialysis market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 87.0 Billion |
| Market Forecast in 2028 | US$ 111.4 Billion |
| Growth rate (2023 to 2028) | CAGR of 3.8% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is hemodialysis?
Hemodialysis is a medical procedure used when kidney function drops below 10%-15%. It treats kidney failure by removing waste, salts, and fluids from the blood with the help of an artificial kidney called a dialyzer, restores electrolyte balance, manages blood pressure, removes waste products, and balances mineral concentrations. The procedure helps prevent the accumulation of toxins and salts, removes waste products such as creatinine and urea, and improves kidney function. In addition, it prevents mineral imbalances and protects other organs from damage. It also involves the use of equipment such as dialyzers, bloodlines, catheters, and dialysate. Additionally, hemodialysis helps regulate blood pressure and maintain proper mineral concentrations in the body, including sodium, potassium, and calcium in the circulatory system. As a result, hemodialysis is widely used as an effective treatment for kidney failure in hospitals and independent dialysis centers across the globe.
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What are the growth prospects and trends in the hemodialysis industry?
The market is primarily driven by the growing occurrences of acute kidney injury (AKI), end-stage renal disease (ESRD), and chronic kidney disease (CKD). It is often caused by underlying ailments such as hypertension, diabetes, high blood pressure, excessive alcohol consumption, and drug abuse leading to gradual loss of kidney function and declining health. In addition, the increasing shortage of organ donors, the rising risk associated with transplants, and the increasing awareness among consumers about early diagnosis and timely treatment of kidney disorders are contributing to the market growth. Moreover, several technological advancements, such as the development of compact-sized machines for home-based treatments, represent another major growth-inducing factor. For instance, in February 2021, DaVita introduced DaVita Care Connect, a secure telehealth technology, into its home dialysis division. This technology is part of their range of services designed to enhance treatment and outcomes for patients who opt for home-based treatment. Apart from this, the hemodialysis market is growing at different rates in numerous regions, with North America being the largest hemodialysis market due to the rising prevalence of several diseases, the growing consumer consciousness regarding the importance of timely diagnosis and treatment of kidney conditions, and significant development in technological innovations. Moreover, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market. For instance, in March 2022, Nipro Medical Corporation introduced the SURDIAL DX Hemodialysis System in the United States, specifically designed to enhance the dialysis treatment experience for patients and clinicians, aiming for an optimal outcome. Furthermore, favorable government policies promoting healthcare infrastructure, rising disposable income of individuals, extensive research and development (R&D) activities, and mergers and acquisitions among key market players are also creating a positive market outlook. For instance, in January 2022, NexyKidney completed the acquisition of Dialysis to accelerate the advancement of its portable Neokidney hemodialysis device.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Segment:
- Hemodialysis Product
- Machines
- Dialyzers
- Others
- Hemodialysis Service
- In-center Services
- Home Services
Breakup by Modality:
- Conventional Hemodialysis
- Short Daily Hemodialysis
- Nocturnal Hemodialysis
Breakup by End-User:
- Hospitals
- Independent Dialysis Centres
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Baxter International
- Asahi Kasei Corporation
- Barun Melsungen
- DaVita
- Cantel Medical Corporation
- Fresenius Medical Care
- Nipro Corporation
- Rockwell Medical
- Medivators
- Toray Medical Company Ltd.
- Nikkiso Co. Ltd.
- Surni Group
- Gambro
- Satellite Healthcare Inc.
- Renacon Pharma Ltd., etc.
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