Global Hemodialysis Market Report: Top Companies, Trends and Future Prospects Details for Business Development
According to the latest report by IMARC Group titled, “Hemodialysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the market reached a value of US$ 75.4 Billion in 2018. Looking forward, the hemodialysis market size is expected to reach a value of US$ 99.3 Billion by 2024, exhibiting a CAGR of around 4.5% during 2019-2024.
Hemodialysis is a medical procedure that is administered on patients with kidney failure and other renal impairments. The process involves the utilization of a dialyzer or artificial kidney to remove urea and creatinine from the blood and restore electrolyte balance in the body. It also aids in managing the blood pressure levels and balancing the concentration of calcium, sodium and potassium in the circulatory system. Furthermore, hemodialysis prevents the accumulation of toxins and salts in the body that can influence the functioning of other organs.The global market is driven by the increasing prevalence of end-stage renal disease (ESRD) caused by high blood pressure, diabetes, excessive alcoholism and drug abuse, leading to gradual kidney failure. Furthermore, the development of compact hemodialysis machines, facilitating convenient home-based treatment, is also providing a boost to the market growth. Other factors, including increasing consumer awareness regarding the benefits of timely treatment of kidney-related ailments, enhanced research and development (R&D) and favorable government policies to improve healthcare infrastructure, are projected to drive the market further.
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Key Market Segmentation:
Market Breakup by Segment:
- Hemodialysis Product
- Machines
- Dialyzers
- Others
- Hemodialysis Service
- In-center Services
- Home Services
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Market Breakup by Modality:
- Conventional Hemodialysis
- Short Daily Hemodialysis
- Nocturnal Hemodialysis Market
Breakup by End-User:
- Hospitals
- Independent Dialysis Centres
- Others
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape
The report has also examined the competitive landscape of hemodialysis market. Some of the major players in the market are Baxter International, Asahi Kasei Corporation, B. 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.
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Competitive Structure
- Profiles of Key Players
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